Israel Active

Israel’s Revenue from natural gas royalties in the first half of 2024 was NIS 1.133 billion, up 12.5% from the first half of 2023. Further state revenue comes from taxes on profits of the oil companies. About half the revenue was due to gas produced from the Leviathan reservoir.

Israel’s Corsight (see previously) is helping catch criminals and terrorists globally. Essex police (UK) used its  Live Facial Recognition technology to catch 5 criminals in August. Corsight has been implemented in Santa Rosa, a safe city in the Philippines.

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Israeli software developer acquired German’s open source tools startup Garden for ; US cybersecurity Crowdstrike is acquiring Israeli cyber startup for an estimated $300 million.

In the last newsletter, I stated that Israel had 47,000+ tech workers.  There are in fact almost 400,000 workers employed in the Israeli high-tech industry. The article quoted 47,000 in the 50 companies that were ranked by Dun & Bradstreet Israel as the best places in Israel to work.  My apologies.

Henry Jeffries reviewed several world whiskies for The UK Guardian. But the (frequently anti-Israel) paper omitted his glowing approval of Israel’s unique M&H distillery. However, after protest, the reference to M&H was reinstated (online edition) with an acknowledgement of the correction.

Israel’s KOIOS analyzes conversations about publicly traded companies on social media sites and blogs, and alerts the companies to possible price manipulation. The AI-based platform provides real-time, alerts, allowing companies to foil attacks and stay ahead of the curve.

Israel’s SaverOne (see previously) has launched four pilot projects with customers of Volvo Buses Mexico. It follows the OEM agreement signed with Volvo Group to install the innovative software that prevents drivers from using distracting applications that could cause accidents.

Jon Medved, founder and CEO of Israel’s OurCrowd, received the John Harsányi Prize, the Hungarian Venture Capital and Private Equity Association’s award to an individual or an organization recognized for exceptional contribution to the development of entrepreneurial processes worldwide,   (in Hungarian)

The free-trade agreement between Israel and Vietnam signed in 2023 (see ) took effect has just gone into operation. Israel’s Economy and Industry Ministry anticipates a major boost in bilateral trade, which reached $1.3 billion in 2023.