Israel Active

The US-Israel Bi-national Agricultural Research and Development (BARD) Fund (see previously) is investing $6.7 million in 20 joint US-Israel projects. They focus on irrigation, harvesting, disease control, plant nutrition, production efficiency, food & water quality and safety.

Having established ICL Innovation in 2012, Israel’s ICL (see previously) has now launched ICL Planet Startup Hub. It says its mission is to propel food-tech and ag-tech startups to the marketplace. It seeks to empower pilot-ready startups to work with ICL and implement their technologies.

Israeli cybersecurity giant CyberArk has inaugurated its new R&D center at the Gav-Yam Negev Tech Park in Beersheva. It will be close to Israel’s Cyber Directorate’s CERT center, IDF’s C4I unit, Ben Gurion University and more than 70 development centers and startups.

Israel’s Elbit Systems UK has won an £11.5 million ($16 million) contract from the UK Ministry of Defence to provide the UK Armed Forces with XACT Night Vision Goggles (NVG). Elbit’s XACT systems are used in several NATO countries, including Germany and the Netherlands.

Israel’s Avo supplies products to New Yorkers and Tel Avivians. It has contracts with large companies and owners of large buildings. When employees or tenants order products, Avo consolidates the orders and delivers them to the company or building location, with no shipping fees.

Great article about Israel’s Adam Kima who founded PayMe after his previous business crashed due to the lack of payment facilities. Now PayMe’s platform provides own-branded fintech services to companies of all sizes. It is now expanding its services to European clients.

Israel’s TripActions (see previously) is preparing for the return of global tourism by expanding its Israeli R&D center to employ 200 developers. As soon as coronavirus vaccines were available, TripActions received a massive investment of funds and launched new travel products.

Israel’s Sweetwood Ventures has launched its second venture capital Fund-of-Funds, targeting $120 million in investments in leading early and growth-stage Israeli technology companies. The fund “aims to provide investors with access to the most promising Israeli technology startups”.

Israel’s Verbit (see previously) has just raised $157 million, giving it a valuation of more than $1 billion and the financial status of a “Unicorn”. Verbit’s transcription and captioning services are used by more than 1,500 customers including CNBC, CNN, FOX, Harvard and Stanford Universities.

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