Israel Active

Israel’s NICE systems (see previously) just reported improved second quarter earnings and became Israel’s highest value company at $17 billion.

Deloitte Digital has acquired Israeli brand and product design agency Awesome – the team responsible for Israel’s 2019 Eurovision campaign and the global brand presence of local companies like Playtika and Sodastream. Awesome can now access Deloitte’s many thousands of global clients.

Israel’s Nasdaq-quoted portable X-Ray devices company Nanox (see previously) has just acquired Israeli AI imaging analysis company Zebra Medical (see previously) for $200 million. Nanox has also (TY ) just won a contract to deploy 1,000 systems in Nigeria.

The DCity shopping mall, which opened outside Ma’aleh Adumim near Jerusalem, is Israel’s largest mall and designed as a replica of the famous Venetian Resort in Las Vegas. Its 150,000 square meters features some 200 storefronts, restaurants, a luxury hotel and an artificial indoor sky.

Cyber Defense Magazine’s named Israel’s Noname Security in its 2021 Top 10 Black Unicorn list of cybersecurity startups likely worth $1 billion in 3 years. Israel’s NanoLock, Adaptive Shield, XM Cyber and Siemplify were in the Top 10 Baby Black Unicorn list of $1 billion value in 3-5 years.

Israel’s cumulative government deficit for the twelve months to end July 2021 was 9.3% of GDP, down from 11.7% at the end of 2020. The main reason is increased revenue, up nearly 30% in 2021 compared to 2020. The government is actually spending more in 2021, mostly due to pandemic assistance.

Taiwan’s largest software incubator, Innovation to Industry (see previously), has selected 21 Israeli companies. It aims to integrate Israeli software with Taiwan’s hardware, including computers, LCDs, semiconductors and phones, as well as in Taiwan’s healthcare system.

North American online grocery platform Instacart is partnering Israeli-founded automation logistics startup Fabric (see previously). Fabric will use its robotic fulfilment warehouses and AI software to help Instacart deliver goods to its customers.

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The $300 million just raised by Israel fintech Rapyd (see previously) makes it Israel’s most valuable privately owned company, with a market value of $10 billion.