Israel Active

Israeli startup Reshuffle, which develops an integration platform for developers, has been acquired by Twitter to help build its new Twitter API. Reshuffle has built an integration platform that lets developers easily build workflows and connect systems using any API.

Israeli cell phone company Partner and the 8200 Impact accelerator have partnered to solve social problems of equality, empathy, inclusivity, and doing good to help emerge from the financial crisis. Their aim is to support builders of solutions to social problems using technology.

Passengers with travel exceptions can travel to Israel using several airlines. They include El Al, Israir, United, Delta, Lufthansa, Swiss, Ethiopian, Wizzair, Air Canada, Air France, Belavia, Ryanair, Austrian, Turkish, AirMoldovia, Aegean, Europa, Pegasus, Easyjet, Ukraine and FlyDubai.

The Bank of Israel grew its reserves of foreign currency deposits by some $47.3 billion in 2020. It bought foreign currency to keep Israel’s shekel from soaring in value, which damages Israeli exports. The Bank invested these reserves and, despite low interest rates, made 4% profit – its highest in 5 years.

The Israel Innovation Authority has initiated the Back2Tech project. Its aim is to reduce Israel’s hi-tech employee shortage by attracting the 10,000 expats working in that area. Israeli companies will guarantee positions to returning citizens, and even let them work remotely, before they return.

Israel-based cloud security company Wiz (reported previously) was founded only nine months ago. Three months ago, it raised $100 million in funds and now another $130 million gives it a market valuation of $1.7 billion and the financial status of a “Unicorn”.

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Israeli cybersecurity Kape Technologies (reported previously) is acquiring Israel-based consumer focused privacy and security content startup Webselenese for $149.1 million. Webselenese produces content on security and privacy issues and has 105 million readers.

Israeli ride-sharing firm Via Transportation is acquiring US-based Remix for $100 million. Remix is used to design city transportation systems for more than 350 local governments. Its systems impact more than 240 million people in 22 countries.

You’ve probably read many articles here about Israeli companies successfully raising funds. This article explains why so many companies and individuals choose to invest in the Startup Nation.