Israel Active

X5 Retail Group, Russia’s largest food retailer, is now rolling out Israel's Evigence Green Dot labeling system (see previously) for monitoring product freshness. Ten million labels will be placed on items from the X5 Smart Kitchen assortment of ready-to-eat and ready-to-cook foods.

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Israel’s DataRails has developed a financial planning and analysis (FP&A) system for enterprise companies. It allows the financial department to transform its Excel spreadsheets into a smart and powerful system that integrates with the organization’s data infrastructure.

The increasing burden of tax audits requires companies to deploy advanced technology to ensure compliance across multiple jurisdictions. Israel’s Blue dot digitizes the complex, costly and risky process. Blue dot has offices in Israel, the US, UK, France and Germany.

Israel’s Affogata offers businesses a customer intelligence platform. It collects, analyses, and sorts data from the web, review sites, social channels, niche forums, community and customer conversation platforms. It then provides actionable reports to help businesses grow.

Israeli-based Qualitest (see previously) has acquired Israel’s Comply, which provides software testing services to the digital health sector. Qualitest’s customers will now include Teva, Merck, Johnson & Johnson, GE Medical and AbbVie.

US cybersecurity giant Cofense is acquiring Israel-based startup Cyberfish, which uses computer vision and machine learning technology to prevent phishing attacks. Following the acquisition, Cyberfish in Beersheba will become Cofense’s first R&D center in Israel.

10 more Israeli companies have started Intel’s Ignite accelerator in Tel Aviv from 392 applicants. The previous 28 graduates (see previously) have since raised more than $200 million of funds. The success of the Tel Aviv accelerator has encouraged Intel to expand the program to Munich, Germany.

The first flight from Abu Dhabi to Israel brought the UAE ambassador and the CEO of Etihad Airways, who said he has never received a warmer welcome anywhere in the world. Meanwhile, Gulf Air is starting direct flights from Bahrain to Israel on June 3.

Israeli tech companies raised $5.3 billion in the first three months of 2021 - half the total for the whole of 2020; $1.5 billion was just by cyber companies. Israeli startups raised $2.8 billion in March, double the previous monthly record. And on 7th April, $1 billion was raised on a single day!