Israel Active

Separate to the new IIA fund, the Israeli ministries of Finance and Employment published a NIS 1.1 billion plan to encourage investments and employment in the Israeli technology and industry sectors. The plan is part of the NIS 8.5 billion aid package to accelerate the economy.  

Israel’s Driivz (reported previously) has been selected by Budapest-based energy company MOL to manage its electric vehicle (EV) charging network. MOL operates chargers in the Czech Republic, Slovakia, Slovenia, Croatia, Hungary, and Romania.

raised ; Perimeter 81 raised ; Picodya raised ; raised ; Adaptive Shield raised ; raised ;

Israel’s Gong.io (reported previously) has just raised $200 million, giving it a market value of $2.2 billion. Gong says its keyword speech recognition technology for sales conversations “gives Gong some tailwind” in the current situation. “The interest in Gong has gone through the roof”.

A new Israeli app called FamilyBiz allows families to manage their finances and set budgets and goals during difficult periods. FamilyBiz consolidates in one place data from banks, credit cards, insurance companies, investments, and more, aiming to be the “Spotify” of financial tools.

The Israeli transportation ministry has approved Via’s ride-sharing 10-seater van shuttle service “Bubble” (reported previously) for an additional period of one year. Via’s passengers book rides in and around Tel Aviv through an app, specifying their desired pick up and drop off locations.

A new restaurant bar “Lulu & Co” has opened in Rothschild Boulevard Tel Aviv, serving mainly breakfast cereals. It offers many all-time childhood favorites, plus toppings such as hazelnut cream, salted caramel and marshmallow. Lulu plans to add new cereals each month, plus cereal-based ice creams.

Israel’s MySize (reported previously) has opened a new subsidiary in Moscow to meet the growing demand for its online measurement solutions. MySize recently expanded its operations in and is doubling its size recommendations every month (now over ).

Gilat Satellite Networks has won several recent contracts including $10M for a 5-year project servicing half a million people in rural Latin America (see link below). Others include a Tier 1 mobile operator, Mobile Networks, a leading mobile operator and Telefonica in .

Israel’s drip irrigation pioneer Netafim (reported previously) has won an $85 million contract for another three irrigation projects in India. This time they will benefit 35,000 farmers in Karnataka state, southwest India.