Surge in on-line e-commerce

Israeli e-commerce startup Global-e Online Ltd. has raised $60 million to help expand the technological solutions it provides to international e-commerce websites. It comes on the heels of a significant increase in global online commerce, in part because of the coronavirus pandemic.

How to Gett ahead during the pandemic

Israel’s Gett has managed to compensate for the loss of private and business transportation due to Covid-19. It has maintained its income level by capturing a large share of the delivery business.

Everyone will work from home

Israel’s LivePerson surveyed its 1,300 employees and the vast majority said they preferred to work from home. So LivePerson has adopted a full work from home (WFH) model until a vaccine to Covid-19 is found. It will now forgo its office real-estate rentals, saving it $12-15 million a year.

Companies snap up available talent

The Covid-19 pandemic has resulted in many skilled Israeli hi-tech employees being made redundant. This has encouraged many Israeli companies to actively recruit the newly available skilled staff. Before the current crisis there was a shortage of some 15,000 IT employees in Israel.

Funds raised by Israeli startups

Artlist ; ; Codefresh ; ; Simply Speak ; Hunters ; Upsolver ; Spike ; Global-e Online ; InterCure ; ; InnoCan ; Curv ; ;

Music to make videos with

Israel’s Artlist develops and offers content, including video, photos, music, and sound effects to content creators, who pay through monthly subscriptions. This media can then be used in videos and video games without worrying about copyright or other legal issues.

A healthy takeover

Israel’s Healthy.io (reported previously) has acquired its U.S. competitor, Inui Health, for $9 million. Both companies develop and market FDA-approved analysis kits for home monitoring of the progress of Chronic Kidney Disease (CKD). The takeover gives Healthy.io a stronger US presence.

Lemonade double-bubbles

Israeli insure-tech company Lemonade has just completed a listing on the New York Stock exchange. Its share price at the start of trading was $29. By the end of the day, the share price was over $69 – a 139% increase.

$1 million for the best homeland security

The Israel-U.S. BIRD (Binational Industrial R&D) Foundation is offering to fund 50% (up to $1 million) of the budget for advanced tech projects in homeland security. These include for anti-cybercrime, critical infrastructure, border protection, UAVs, and first responder security.

Stock Exchange launches English website

The Tel Aviv Stock Exchange (TASE) has launched an English version of its MAYA website. It will report corporate disclosures of its 436 TASE-listed companies and is part of its program to make the exchange more accessible to foreign investors.