Israel Active

Israel’s ByondXR (see previously) is marketing itself as a sustainable alternative to physical stores. It generates no waste, no pollution from customers’ cars, no cleaning. Its pop-up stores now include Armani, L’Oréal, and Proctor & Gamble. It is active in 20 countries, using eight languages.

Israel’s A2Z Smart Technologies (see previously) is launching a pilot program for its Cust2mate smart shopping carts with Evergreen Kosher Market in New York and New Jersey. A2Z also launched a pilot with Morton Williams supermarkets in October.

Fitch Ratings reaffirmed Israel’s A+ rating with a stable outlook. It said the improvement in Israel’s finances in 2021 has been “driven by the strong economic rebound, the gradual withdrawal of pandemic support measures, and particularly buoyant fiscal revenue from high-tech sectors.” It also praised Israel’s new budget.

The OECD has raised Israel's GDP growth forecast to 6.3% in 2021 (from 5%) due to its successful Covid vaccine rollout, recovery in demand and the jobs market. Israel's Ministry of Finance is even more optimistic, at 7%.

Telecom giant AT&T is opening a new R&D center in Tel Aviv’s ToHa Tower. It is in addition to the R&D center in Airport City which already employs 500. AT&T plans to hire an additional 100 people to expand its activities.

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is acquiring Flow Commerce for is acquiring Metromile for . and are to merge.

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Israel’s Fundbox (see previously), developer of an AI-powered financial platform for small businesses, raised $100 million at $1.1 billion valuation. Israeli gaming company Moon Active raised $300 million at $5 billion valuation. Finally, Israel’s StarkWare raised $50 million at $2 billion valuation.

Israel’s LetsTok is building a video platform for influencers and content creators. It will allow them to connect with their fans in a marketplace format for personalized advice, counseling, and guidance, plus generate a stable revenue stream.