Israel Active

DHL has just made its biggest Middle East investment – opening an $80 million automated processing center in Israel. It can ship 20,000 packages every hour – vital, due to the growth in Israel’s economy since the beginning of the pandemic.

Israel has awarded a total of NIS 8.6 million to six agro-tech startups engaged in ensuring the regular supply of fresh food (food security). They are , , Tosaf Compounds, ALTA drones, and .

Philippine Airlines is to launch a direct route to Israel in April and has already started selling tickets. Initially, it will operate two weekly flights between Tel Aviv and Manila. The expected flight time is about 11 and a half hours on the Airbus A350 aircraft.

US giant Nvidia, which acquired Israel’s Mellanox in 2020 for $7 billion, is to establish a new Israel-based design and engineering group. Its aim is to develop the next-gen Nvidia CPUs for powering the revolution in AI, robotics, autonomous vehicles, and virtual world simulations.

Israel’s Albo (see previously) has now partnered with Israel’s Taranis to help farmers in the US, Canada, Brazil, Russia, Ukraine, and Australia prove they are CO2 “sinks” and can receive carbon credits. Another partner is Tembo Climate of Mauritius, which works with Sub-Saharan farmers.

Israel’s ChickP has doubled its annual production of concentrated allergen-free, non-GMO chickpea protein isolate. It has also opened a new R&D center, appointed Liat Lachish Levy as CEO, and raised $8 million of funds. It now plans to expand its marketing into the US, Europe, and Asia.

Israel’s Firebolt, developer of cloud data warehouses for engineering teams, has just raised $100 million ($1.4 billion valuation) to join the Unicorn club of private companies worth over $1 billion.

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According to consulting firm Harel-Hertz, Japanese firms invested some $2.9 billion across 85 deals in Israeli companies last year, almost triple that in 2020. Japan accounts for 15.8% of all foreign investment in Israeli high-tech, compared just 1.8% in 2016.

(cybersecurity) raised $150 million ($1 billion valuation). (analytics) raised $100 million ($1 billion valuation). (Israeli R&D AI Ops) raised $190 million ($1.2 billion valuation).