Israel Active

The first Israel-Dubai conference focused on the prospects of a prosperous partnership between Israel and the UAE. The Emirates is a gateway for Israeli tech companies to expand to the Middle East. The 3-day conference had many inspiring presentations, of which these are just a sample.

Israel’s Qwilt (reported previously) has signed a substantial deal with entertainment giant Disney, just a month after a similar deal with British Telecom. Qwilt’s technology will be integrated into the Disney+ streaming service, which was launched in 2019 and now has more than 75 million subscribers.

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Israeli food-tech startup SavorEat (reported previously) brought in NIS 42.6 million (about $13 million) in an IPO on the Tel Aviv Stock Exchange (TASE). It was the first time that a food-tech firm went public on the Israeli exchange.

Israeli startup Glue offers a loyalty management platform for small businesses. With Glue, each company can retain its customers using incentives such as coupons, loyalty cards, a points earning system, subscriptions, prepaid passes and even play-to-win games.

Israel’s Appsflyer became a Unicorn (value over $1 billion) in January. It is now worth $2 billion after an investment from Salesforce. Appsflyer integrates with Salesforce and Salesforce Ventures. Its marketing measurement platform was included in the Forbes 2020 Cloud 100 list for the 2nd year in a row.

Israel’s Tech It Forward, founded by two immigrant women, is a bridge between investors and Israeli entrepreneurs. It organizes trips, conferences, networking events, pitching events, meetings and mentorship programs to connect global investors with the Israeli startup ecosystem.

US Venture Capital firm Ibex Investors has raised its second fund in Israel amounting to $100 million. Ibex Investors has previously invested in many Israeli startups, helping them enter the global market.

Israel Shipyards delivered the last of four patrol ships for the Senegalese Navy, fulfilling an agreement signed in November 2019. The Shaldag MK V patrol ship follows the earlier supply of three Shaldag MK II patrol ships. The agreement includes training, maintenance and technical support.

The first-ever online conference: “Uniting hi-tech from two nations – Turkey and Israel” attracted dozens of participants, including Turkish entrepreneurs and investors. The organizers included Israel’s Ministry of Foreign Affairs and the Technology Development Foundation of Turkey.