Israel Active

More than 200 Israeli entrepreneurs, investors, and bankers held a “Tech on the Roof” event on a rooftop in Jaffa. They celebrated the end of Covid and the return to a sense of normalcy. Also see to Jon Medved’s OurCrowd presentation on Israel’s recent record tech investment.

For the first time in its history, International Monetary Fund data ranks Israel among the top 20 economies for GDP per capita (economic output per person) - a key measure of a nation’s prosperity. Israel’s $43,689 is the 19th highest, above Canada, New Zealand, and the UK.

The Startup Nation may soon be known as the Unicorn nation. A Unicorn is a startup, which is still a privately held company, that has already reached a billion-dollar plus valuation. Israel has had nine startups hit Unicorn status so far this year. The rare, mythical Unicorn is not rare in Israel.

The Italian unit of automaker Stellantis has signed an agreement with Israel’s Innovation Authority to develop identify and develop smart-mobility systems. Stellantis’s vehicles include Maserati, Alpha Romeo, Dodge, Jeep, Lancia, Fiat, Chrysler, Opel, Vauxhall, Peugeot and Citroen,

X5 Retail Group, Russia’s largest food retailer, is now rolling out Israel's Evigence Green Dot labeling system (see previously) for monitoring product freshness. Ten million labels will be placed on items from the X5 Smart Kitchen assortment of ready-to-eat and ready-to-cook foods.

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Israel’s DataRails has developed a financial planning and analysis (FP&A) system for enterprise companies. It allows the financial department to transform its Excel spreadsheets into a smart and powerful system that integrates with the organization’s data infrastructure.

The increasing burden of tax audits requires companies to deploy advanced technology to ensure compliance across multiple jurisdictions. Israel’s Blue dot digitizes the complex, costly and risky process. Blue dot has offices in Israel, the US, UK, France and Germany.

Israel’s Affogata offers businesses a customer intelligence platform. It collects, analyses, and sorts data from the web, review sites, social channels, niche forums, community and customer conversation platforms. It then provides actionable reports to help businesses grow.

Israeli-based Qualitest (see previously) has acquired Israel’s Comply, which provides software testing services to the digital health sector. Qualitest’s customers will now include Teva, Merck, Johnson & Johnson, GE Medical and AbbVie.