Investment in Israeli startups (25/7/21)
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Another record quarter
Investment in Israeli high-tech companies in the 3 months from Apr to Jun 2021 surged to a record $6.52 billion - triple the amount raised in the same quarter the previous year.
Pollinating Australian tomatoes
The Costa Group, Australia’s leading grower of hydroponic glasshouse tomatoes, is to deploy the pollination robots of Israel’s Arugga (see previously). At peak production, Costa’s 300,000+ square meters of glasshouses in Guyra, New South Wales, contain over one million plants.
Land of the Unicorns
Israel has more billion-dollar private companies per capita than any other country. Great video
Expo 2020
Due to Covid, Expo 2020 in Dubai is now to take place from Oct 2021 to Mar 2022 and Israel will be a key exhibitor. Ohad Cohen, head of Israel’s Foreign Trade Administration, discusses Israel’s Expo plans and exports success. Israeli 2021 exports are heading for a $120 billion+ record.
Birds of a feather
Israeli startup Aerodrome, which develops unmanned aerial systems for the defense sector, is paying some NIS 15 million for Israel’s FlyTech, which develops drone solutions for the civilian market. The acquisition will help Aerodrome’s plans to expand into the US civilian UAV sector.
No address, no credit card, no problem
Israeli-Arab startup Haat Delivery in Um Al Fahim delivers food to areas with infrastructure issues, like cities with no addresses, or people with no credit cards and who only pay cash. It delivers 70,000 orders a month to 30 Israeli cities and plans to expand to Africa and South America.
GoTo goes to Madrid
Israel’s GoTo Global (formerly Car2Go) has now deployed its shared cars, motorbikes, bicycles, e-bikes, and electric scooters to the Spanish city of Madrid. GoTo has the largest shared multimodal fleet in Madrid, with over 1,300 vehicles which can be rented by the minute. They include parking places.
Coca-Cola and no-cow milk
The Central Bottling Company, also known as Coca-Cola Israel, has signed a strategic agreement with Israeli startup Wilk (Biomilk - see previously) to invest and collaborate with the firm to develop products based on its cultured milk technology.
Chorus.ai exits for $575 million
Business intelligence company ZoomInfo is acquiring Israel’s Chorus.ai (see previously) for $575 million. Chorus.ai has developed an AI-based system to analyze sales calls. ZoomInfo has about 1,800 employees in the U.S., while its R&D center with 300 employees is located in Israel.