Israel Active

Israeli cybersecurity Kape Technologies (reported previously) is acquiring Israel-based consumer focused privacy and security content startup Webselenese for $149.1 million. Webselenese produces content on security and privacy issues and has 105 million readers.

Israeli ride-sharing firm Via Transportation is acquiring US-based Remix for $100 million. Remix is used to design city transportation systems for more than 350 local governments. Its systems impact more than 240 million people in 22 countries.

You’ve probably read many articles here about Israeli companies successfully raising funds. This article explains why so many companies and individuals choose to invest in the Startup Nation.

The Federation of the Israeli Chambers of Commerce (FICC) is promoting business matchmaking for Israeli companies.  Here is March’s edition of its members' business offers. All are looking for new business partners, distributors, representation or suppliers.

The Binational Industrial Research & Development (BIRD) Energy program is making available an additional $4 million to fund joint US-Israeli clean innovative energy technology initiatives. Candidate projects can be submitted until Aug 2021.

El Al’s 8th March flight from Tel Aviv to New York carried 280 passengers of which 168 were fully vaccinated. The others, mostly children under 16, took a rapid Covid-19 test developed by Israel’s Sheba Medical Center that gave the results 15-20 minutes later.  Everyone passed the test.

Aleph Farms (reported previously) is partnering Brazil’s BRF, one of the largest meat producers in the world, to jointly develop cultivated meat and bring it to Brazilian tables. Livestock production causes high emissions of greenhouse gas, which Brazil must cut by 43% by 2030.

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Israel’s Aqua Security (reported previously) has just raised $135 million at a market valuation of $1 billion.  This makes it another Israeli company with the financial status of a “Unicorn”.

PayPal is to acquire Israeli crypto security Curv (reported previously) for nearly $200 million. Curv will join PayPal's newly formed blockchain, crypto and digital currencies business unit.