Israel Active

This year marks the 35th anniversary of the first US Free Trade agreement - with Israel. On Oct 26, the US-Israel Trade Forum celebrates the successes of this agreement and examines areas for the continued growth of these commercial ties.  Register for this virtual event at the linked site below.

The Israeli Tech Funding report by IVC and ZAG for the third quarter of 2020 showed that the total of investment in Israeli high-tech soared to a new quarterly record – $2.74 billion.

Despite the global pandemic, Israeli tech companies have raised $7.6 billion in the nine months of 2020 and well on track to beat the previous record of $8.3 billion for the whole of 2019. Especially popular are Israeli tech companies that focus on healthcare, cybersecurity and remote working.

Israeli insurance software company Sapiens International is offering its insurance clients the driving behavior app from Israel’s GreenRoad Driving Technologies. It will allow the insurers to assess the risks of potential customers and offer personalized policies with appropriate premiums.

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Israeli car fleet management startup Fleetonomy (reported previously) has been taken over by Israeli ride-sharing company Via Transportation. Fleetonomy should comfortably fit into Via’s mission statement to build “the transportation systems of tomorrow, right now.”

Israeli-founded cybersecurity giant Imperva is acquiring Israeli-founded US database security company jSonar. jSonar’s analytics and Security Operations, Automation and Response (SOAR) platform will be incorporated throughout Imperva’s systems.

Cisco has acquired Israel’s Portshift for $100 million, to “move towards delivery of security for all phases of the application development lifecycle. The Portshift team is building capabilities that span a large portion of the lifecycle of the cloud-native application.” Cisco wrote.

Intel Corp is partnering Israel-based Lightbits Labs. Lightbits’ product LightOS system will be optimized for Intel hardware and provide customers with improved storage efficiency for their data centers without compromising performance.

Israeli cyber security startup Salt Security protects a company from cyber-attack through its many interfaces with external systems. Salt Security has sealed strategic partnerships deals with French multinational retail corporation Carrefour and Nasdaq-traded data centers giant Equinix.