Israel Active

Back in Feb 2016 Israel’s Tipalti was one of seven Israeli “startups to watch” . Hopefully, you read it, because the developer of automation solutions for global payments is now worth $2 billion. Its clients include Amazon Twitch, Twitter, GoDaddy, Fiverr and Vimeo.

Legendary San Francisco 49ers quarterback Joe Montana has invested in Israeli startup Walnut which develops an application for customized sales demos. Walnut enables a seamless, effective, sales process while working remotely without reliance on professional designers or developers.

When Arab countries boycotted Israel, major oil companies did the same. As the Arab world makes friends with Israel, so major oil companies feel free to invest in Israel’s successful economic future. Chevron will now help extract Israel’s natural gas deposits, for mutual benefit.

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.