Israel Active

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.

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.

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.

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.

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.

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.

Liberty Strategic Capital, headed by former US Secretary of the Treasury Steven Mnuchin (see previously) has made its first investment. Its funding of Israel’s Cybereason (see previously), plus funds from elsewhere, triples the value of Cybereason to $3 billion.

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Israel’s AnyVision (see previously) makes face recognition technology. It has just raised $235 million to speed up growth and development of its software. It is one of the largest visual intelligence funding rounds, giving AnyVision a market value of over $1 billion and the status of a Unicorn.

Porsche Ventures, has invested in Israeli motorsport technology startup Griiip (see previously). Griiip has developed a cloud-based data platform called RAMP (Racing Media Platform) that enables the transmission of motorsport data directly from the racing car.