Israel Active

Israel’s First Digital Bank (FDB), Israel’s first new bank in over 40 years has just raised $120 million in funds. It is currently operating in pilot mode, offering banking services to its 200 employees and their families. The on-line-only bank has some 60,000 people on its waiting list.

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Israel’s Noname Security (see previously) has just raised $135 million in funds at a $1 billion valuation.  Its customers include some of the world’s five largest firms, and it is actively working with 20% of the Fortune 500.

Israeli data analytics platform SQream (see previously) has acquired Israel’s no-code cloud data platform Panoply (see previously) for an estimated $60-70 million. SQream will now be able to expand its cloud offering, allowing customers to generate insights from any data environment.

Israel’s 1E Therapeutics has raised a record $120 million for an Israeli startup in the medical sector. Not much is known about 1E Therapeutics, but it is believed to be active in medicine development. It employs dozens of scientists working on an unspecified project.

Israel’s Pixellot has been included in the top 50 sports businesses in terms of innovation, according to the STA Group’s latest POWER List rankings. Pixellot was also named one of the top brands revolutionizing the sports broadcasting and OTT (Over the Top broadcast platform) industries.

Israel’s BioMeat is a public research and development partnership for foodtech investment traded on the Israeli stock exchange. It invests in Israeli companies, such as Rilbite and More Foods, which are developing non-animal protein foods that will be able to sustain the world’s growing population.

Japanese giant Fujitsu is partnering with the Ben-Gurion University of the Negev to launch a new cybersecurity center in Beersheba. It will employ 20 Israeli researchers and focus on joint research and technologies that help secure systems based on artificial intelligence (AI).

Israel Aerospace Industries (IAI) has won a contract from with the Emirates airline to convert at least four of its Boeing B777-300ER passenger planes into cargo carriers at a newly opened facility in Abu Dhabi. (See for IAI’s previous customers for this conversion work.)

The Israeli government has approved a $160.8 million plan to strengthen the communities of the Negev. Projects include a new hospital and enhancement of transportation and infrastructure. The development of the South is expected to improve the prosperity of the entire country.