Building businesses in an AI world
Israel’s Tailor Brands (see previously) has created a new operating system for building businesses in an AI-transformed world. Its new Guidance Engine is a structured, step-by-step approach that helps form a company, stay compliant, design a brand, or grow online.
Vegan salmon goes nationwide in US
Israel’s Oshi (See previously) has secured US national distribution through Sysco, a major distributor in the US foodservice market. The partnership brings Oshi’s whole-cut, plant-based salmon to restaurants, hotels, cafeterias, and institutional kitchens across the US.
Retinal screening tech across the US
US giant Ford Medical is to distribute the FDA-cleared AI screening technology for eye exams from Israel’s AEYE Health (see previously), enabling US pharmacies and non-acute centers to offer an in-house, non-invasive instant diagnostic exam, without the need for a specialist.
Upgrading Ben Gurion
A recent $14 million upgrade to Ben Gurion International airport includes advanced security screening, baggage processing and check-in facilities within Terminal 3. Some 1.9 million passengers are anticipated during August. Meanwhile, Terminal 1 re-opens for International destinations.
Upgrading the South
Israel has approved an additional NIS 3.2 billion to rebuild communities devastated by Hamas on 7 Oct 2023. It includes NIS 1.4 billion for Ashkelon and NIS 1.8 billion for six regional councils. It will boost education, infrastructure, resilience, culture, sports, economy, security, agritech, energy, and more.
The second largest exit in Israeli history
US-based Palo Alto Networks is to acquire Israeli cybersecurity CyberArk Software in a deal valued at around $25 billion – the highest in Israeli history apart from Google’s $32 billion purchase of Israel’s Wiz. Palo Alto was founded by Israel’s Nir Zuk and is its largest ever deal.
Big deal with Germany
Israel’s Elbit Systems has received a $260 million, six-year contract from the German government to install Directional Infrared Counter Measures (DIRCM) self-protection systems on Germany’s Airbus A400M aircraft fleet. The systems automatically counter mobile anti-aircraft weapons.
Startup investment – to 3rd Aug 25:
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Exits, takeovers, and mergers to 3rd Aug 25:
Israel’s has Germany’s Cognigy for $955 million;
Israel’s is Israel’s for a minimum of $180 million.
India’s Amber Group has in Israel’s .
Floyd Mayweather opens Tel Aviv stock exchange
Boxing legend Floyd Mayweather opened trading at the Tel Aviv Stock Exchange (TASE) on Monday morning, joining IDF soldiers and Israeli leaders in a ceremony that highlighted international solidarity with the Jewish State.