Israel Active

US giant Seagate is to integrate the VCode security software from Israel’s Karamba (see previously) into its storage systems., Karamba is benefiting from the new requirements for manufacturers of IOT (Internet of Things) devices to protect products from security threats.

Jon Medved writes how in 2012, Hamas rockets did not deter OurCrowd’s initial New York investors. On the contrary, they doubled their stake in the Israeli innovative crowdsourcing platform.

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In 2020 16 Israeli companies became unicorns – private companies valued over $1 billion. This amounted to around 10% of new unicorns globally in 2020. 15 more Israeli companies have become unicorns already in 2021 – almost one a week. Israel is embracing a digital transformation boom.

BBC Global News has replaced Outbrain (see ) - its Israeli provider of recommendations for the website BBC.com - with Israel’s Taboola (see ). Ironically, the Israeli firms recently cancelled a 2019 merger agreement (see ). (No change likely to BBC’s anti-Israeli reporting)

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Israeli-founded, London based cybersecurity company Wandera, has been acquired by U.S. company Jamf for $400 million.

Dubai’s Arabian Travel Market was billed as the first travel and tourism event to happen in person since the global coronavirus outbreak. Israeli booth marketed the country as the “Land of Creation”. Videos advertised Israel’s vegan food, its beaches and urged: “Book Your Trip Now” to Tel Aviv.

On May 24th 18,000 passengers passed through Tel Aviv Ben Gurion’s airport with 134 flights taking off and landing. Many of the foreign airlines, who suspended flights during Operation Guardian of the Walls have now resumed Israel operations.

Israeli venture capital firm 83North has raised a new $550 million fund. This is the VCs sixth fund and will take its assets under management to $1.8 billion. 83North has invested in Israeli startups ironSource and Payoneer (who are about to go public) plus CYE, Trigo, Zerto, Via, and many others.