Exits, takeovers and mergers – to 2/6/24

Israel’s is acquiring US-headquartered Venafi for .

Can you trust an on-line company with your data

Israel’s Hoggo has created an AI-driven platform that combs through and assesses a company’s publicly available policies on consumer protection. It creates a privacy passport and grade that prospective online buyers and sellers can read to decide if they can trust them.

Google’s AI lifeline fund

Google’s AI Lifeline fund (see previously) is supporting several cash-strapped Israeli startups. They include , , and .

Robots for the US Marines

Israel’s Roboteam (see previously) has won another US order – this time to supply 200 Micro Tactical Ground Robots (MTGR) to the US Marine Corps. The MTGR is a lightweight tactical all-terrain robot equipped with 360-degree imaging cameras. The IDF use MTGRs in Gaza.

They all want Arrow 3

One month after Iran’s missile assault on Israel, and Israel’s Arrow 3 defense system is now in very high demand. Many countries are negotiating with Israel’s Aerospace Industries. Germany recently bought the system for $3.5 million (see previously).

3 huge new towers for Tel Aviv

In another sign of a vibrant, growing economy, in 2026 Carasso Group will start building 3 towers in Tel Aviv, each of 41-48-floors. The 410 housing units will include 144 affordable homes, as well as some 120,000 sq meters of office, commercial, hotel and public space.

Foreign currency reserves reach a record high

At the end of March, Israel’s reserves of foreign currency stood at $213.768 billion, nearly $7 billion more that at the end of Feb. They have since slipped back a little but shows that Israel did not, even when at war, need to use its reserves to stabilize the value of the Shekel.

Electric motor factory in India

Israel’s EVR Motors (see previously) has become the first Israeli auto company to set up manufacturing in India. The automated facility will supply coils for approximately 20,000 motors per month, with plans to expand to around 100,000 motors to meet global demand for electric vehicles.

Startup investment – to 26/5/24

raised ; received from the Guangzhou-Israel Biotechnology Fund; raised ; raised .

Exits, takeovers and mergers – to 26/5/24

Alicorn Galaxy is acquiring Israel’s Glassbox (to de-list from TASE) for $150 million. Israel’s Israel’s to bolster its AI-powered customer support solution. Israel’s Austria’s SOLID. Israeli-controlled (Ithaca) has bought the UK North Sea assets of Italy’s Eni UK for . Israel’s has completed the of Brazil’s VMtecnologia. French giant Thales has purchased the Israeli satellite company .