Defending Europe
Four recent examples of Israeli defense systems purchased by Czech Republic, by Sweden, and (two) by Germany.
Twelve Tel Aviv Techstars
12 Israeli startups were selected for the sixth group of the Tel Aviv Techstars accelerator. They are Valid.it, +SCALE, Pledger Giving App, Platera.ai, Synergym.Ai, Testory, Beez Tech, Dodo Smart, Luzverde, Calosense, Eco-Price, and Price backers. Each receives $120,000 of matched funds.
Takeovers and mergers
Israeli mobile security startup has been acquired by US-based (Steven Mnuchin) for .
LinkedIn (the world’s largest professional network) purchased Israel’s for ;
Israeli cybersecurity is being acquired by Turn/River Capital for ;
US-based ITT has acquired Israeli valve manufacturer for .
The latest Unicorn
Israel’s Viz.ai has raised $100 million at a valuation of . Meanwhile the revenue of Israel’s Pagaya grew by 379% in 2021 to , and is now valued at $8.5 billion.
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This week’s Unicorns
Cybersecurity Island.io (see previously) has just become Israel’s latest financial Unicorn by raising $115 million at a valuation of $1.3 billion. Capitolis (see ) raised $110 million at a valuation of $1.6 billion. Meanwhile, Israel’s RapidAPI (see ) raised $150 million at a $1 billion valuation.
Cutting the cost of self-funded health care
Israel’s Marpai is a third-party administrator (TPA) for firms that manage a self-funded health insurance program. It acquired Continental Benefits, cutting its claim costs from $8 to $3 and now aims for $1. Marpai uses AI to predict and improve the health of a member firm’s employees.
Investment in Israeli startups to 3/4/22
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Takeovers and mergers
Israel’s Perception Point (see previously) has acquired Israel’s fellow cybersecurity Hysolate (see previously). Intel is to acquire Israel’s Granulate (see previously) for $650 million.
100 “Israeli” electric trucks in London
Asher Bennett (brother to the Israeli PM), is founder of Tevva Electric Trucks (see previously). “We're trying to do something good for the world," he told Calcalist's “Mind the Tech London” conference. Tevva now operates 100 electric delivery trucks in and around London.