Israel Active

Israel’s Talon Cyber Security has just raised $26 million in what is believed to be Israel’s largest ever initial funding of a startup. Talon says it is developing a first-of-its-kind technology that offers cyber protection from the unique threats emerging in today’s era of distributed work.

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Microsoft CEO Satya Nadella has given details of his company's planned new investments in Israel to the Israeli PM. They should total between $1 billion and $1.5 billion.

Israel’s state-owned water company Mekorot has signed a $3 million deal to provide Bahrain’s Electricity and Water Authority (EWA) with consulting services on a number of water projects. It is the first major agreement between the two countries since the signing of the Abraham Accords.

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Israel’s Cardo Systems has developed a next-generation headset intercom that allows motorcycle riders to communicate without distractions. Cardo has just been acquired by European private equity fund EMK Capital for $150 million.

Updated news on Israel’s SuperSmart (reported previously). Its supermarket shopping scanning system has now expanded to Germany, Brazil, and the U.S. and the startup has just raised $10 million of funds. At the same time, Amazon Go has shrunk from a target of 3,000 stores to just 25.

Yum! Brands – owner of Pizza Hut, KFC and more, has taken over Israel’s Tictuk. It gives Yum! customers the ability to order fast food via WhatsApp, Facebook Messenger, Telegram, SMS, QR codes, and email, via Tictuk’s omnichannel ordering and marketing platform.

The app from Israel’s Osu helps UK freelancers, sole traders and self-employed accept and manage payments. It has no transaction fees and allows its users to capture 100% of each sale. Osu has already collected hundreds of thousands of pounds of payments for 1,000 UK professionals.

Israel’s Phinergy (reported previously) is partnering Indian Oil Corporation (IOC) to make Aluminum-Air battery systems. India’s Prime Minister Modi wants electricity to “de-carbonize mobility”, to recycle used Aluminum and increase made-in-India products.