Investment in Israeli startups (20 Jul 20)
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Valid Network raised ;
Nectin Therapeutics raised ;
Israeli startups raise $2.5 billion in Q2
Despite coronavirus, startups in Israel raised $2.5 billion during the 3 months from Apr to Jun 2020, 13% higher than the same period in 2019. The number of deals - 170 - was 33% more than the number of transactions in the second quarter of 2019.
Security for Spain and Djibouti
Israel’s Magal Security Systems (reported previously) has just won $2.5 million of orders. One is to extend its security contract with the Spanish port of Tarragona. The others are for new seaport security projects, including at the mainly Muslim Republic of Djibouti in the Horn of Africa.
Funds raised by Israeli startups
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C2i Genomics raised ;
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Accellix raised ;
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Testing healthcare systems
Israel’s Pcysys (reported previously) has been chosen separately by US giant Apria Healthcare and UK’s St Margaret’s Hospice Care, to automate their cyber security testing with Pcysys’ PenTera Automated Penetration Testing Platform. Sadly, medical systems are often subject to cyber-attack.
There will still be Israeli Bluebirds
Israel’s Bluebird Aero Systems (reported previously) was taken over by Israel Aerospace Industries. So, Bluebird’s innovative Unmanned Aerial Vehicle technology will still be Israeli.
Connecting businesses to fast Internet
The Israeli government is offering a grant of NIS 1,000 for up to 20,000 small businesses to allow them to connect to Israel’s fiber-optic Internet. Upgrading their connections will help the businesses to digitally maintain and expand their business activity
Another $5 billion of reserves
Israel’s foreign exchange reserves at the end of June 2020 were over $147 billion, an increase of over $4.8 billion on their level at the end of May 2020.
A new trade deal with Romania every two weeks
In 2019, 26 trade deals were struck between Israeli and Romanian firms and agencies. And in one week in June 2020 Israel’s Romania mission held virtual programs on cyber and homeland security, an online oncology clinic, chronic disease programs and an agriculture event.
And we’re hiring
There should be no reason for Israeli hi-tech workers to be unemployed. This article gives details of dozens of Israeli companies who are actively recruiting skilled staff.