Simplifying tax audit compliance
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.
The business of intelligent information
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.
Expanding software testing to medical systems
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.
$100 million takeover to prevent phishing
US cybersecurity giant Cofense is acquiring Israel-based startup Cyberfish, which uses computer vision and machine learning technology to prevent phishing attacks. Following the acquisition, Cyberfish in Beersheba will become Cofense’s first R&D center in Israel.
The next to be ignited
10 more Israeli companies have started Intel’s Ignite accelerator in Tel Aviv from 392 applicants. The previous 28 graduates (see previously) have since raised more than $200 million of funds. The success of the Tel Aviv accelerator has encouraged Intel to expand the program to Munich, Germany.
Welcoming more flights from the Gulf
The first flight from Abu Dhabi to Israel brought the UAE ambassador and the CEO of Etihad Airways, who said he has never received a warmer welcome anywhere in the world. Meanwhile, Gulf Air is starting direct flights from Bahrain to Israel on June 3.
Investment breaks all records
Israeli tech companies raised $5.3 billion in the first three months of 2021 - half the total for the whole of 2020; $1.5 billion was just by cyber companies. Israeli startups raised $2.8 billion in March, double the previous monthly record. And on 7th April, $1 billion was raised on a single day!
Strategic accord with Morocco
Three Israeli trade organizations have signed an agreement worth hundreds of millions of dollars with the General Confederation of Moroccan Enterprises. It promotes trade and technology cooperation, including food, agriculture, vehicles, chemicals, equipment, renewable energy, water and health.
Opening soon for tourists
The prospects for the resumption of tourism to Israel are good. Non-Israeli family members can now visit first-degree relatives in Israel. Then on May 23rd, foreign tour groups will be admitted. And soon thereafter the skies should open to allow individual tourists to visit. Bookings are now flooding in.
Helping US small businesses survive
Israeli companies Tailor Brands and Melio have kept many US small businesses alive during the pandemic. Tailor Brands provides branding services online, and initially free, to 30 million customers. Melio provides a platform for transferring digital payments between businesses.