Israel Active

Since the beginning of the pandemic, Israel’s JoyTunes (reported previously) has been downloaded some 10 million times. Its app Simply Piano is listed as one of Apple’s ‘Editor’s Choice’ in its App Store and voted Best App in Google Play.

raised ; raised ; raised ; raised ; raised ; raised ; raised ; raised ;

Swiss-based Infront, provider of business services to sport organizations FIFA, UEFA, FIBA etc., has opened an innovation laboratory in Israel. Infront Lab is partnering Israeli companies WSC Sports, Minute.ly, and Videocites and says it will invest at least $1 million in Israel.

Israeli-founded K Health (reported previously) has become popular during the Covid pandemic when people could not reach their doctors. K Health managed to solve 90% of problems remotely. K Health has just raised $132 million, valuing the company at $1.4 billion and becomes another Unicorn.

Israel’s Nano Dimension (reported previously) launched on the Nasdaq in 2016 but has only recently become a popular stock. Its share price has risen, even as it raised some $332 million of funds. The company now has a market valuation of $1.4 billion, giving it the financial status of a “Unicorn”.

Hyundai is the latest carmaker to invest in Israel’s UVeye, joining Toyota, Honda, and Volvo. Hyundai wants UVeye’s sensors and camera-based inspection technology for the automatic external inspection of vehicles, on its production lines as well as for used car sales activities.

Israel’s Bringg (reported previously) has partnered with US ride-sharing service Uber to improve the retail delivery experience for customers worldwide. Bringg’s customers will now have access to drivers through Uber Direct, which enables same-day and next-day delivery.

Israel’s Vertical Field (reported previously) is certainly going in the right direction – up!  Following its deal with a Ukraine supermarket chain two weeks ago, it is now partnering Emirates Smart Solutions and Technologies (ESST) to deploy its vertical farm system in the UAE.

Hungarian low-cost airline Wizz Air is launching Tel Aviv - Abu Dhabi flights from 12 Feb. Daily flights are planned from 1 Mar.  In Dec, 67,000 passengers flew from Israel to Dubai on four airlines - flydubai, Arkia, Israir and El Al. Wizz will be the first to fly to Abu Dhabi.

Following the Czech Republic and Hungary, Slovakia is the latest NATO member to purchase the MMR Radar system manufactured by Israel Aerospace Industries (IAI) subsidiary, ELTA systems. The 17 units will cost $182 million. The second link gives some broader context of the deal.