Israel Active

Israel’s BlueTree Technologies (see previously) has secured self-GRAS (Generally Regarded As Safe) status for its patented process to selectively remove sugars from juice. It is now seeking approval to begin marketing, with Israeli manufacturer Priniv, 33% less sugar juice.

Israel Aerospace Industries (IAI) is establishing a new aerospace defense company in India, named the Aerospace Service India (ASI). It marks a new level of collaboration between the two countries as the Indian government promotes its vision of self-reliance.

Since Oct 7, Israel Bonds has sold a record $3 billion. It includes a significant increase in the investments by financial institutions mainly from US states and municipal governments. It highlights massive direct support during the war for Israel from cities and individuals all over the world.

Startup Nation Central’s report for the first 3 months of 2024 highlighted that Private funding in Q1 2024 was $1.8 billion, up 8.5% compared to the final quarter of 2023. Mergers & acquisitions were over $2 billion - up 40% from the previous quarter and the highest quarterly total in the last two years.

Israelis received a warm welcome at the annual SXSW (South by Southwest) festival in Austin Texas hosting a combination of movies, music, and business expo. Israeli startups included RetiSpec (see previously), and Yofi which distinguishes genuine customers from bots and malicious abusers.

The startup Belong is a paid concierge service to help new Israeli immigrants assimilate. It acts as a private social service, supplementing the free services of the Jewish Agency and Nefesh b’Nefesh. Belong also plans to carry out an active campaign promoting Aliyah around the world.

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The total value of the exits of only 24 Israeli cyber companies in 2023 reached $7.1 billion – compared to $2.45 billion from 35 companies in 2022. There are 522 active cyber companies in Israel.

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