Israel Active

Leading AI chipmaker, Israel’s Hailo (reported previously) has opened a new Japanese subsidiary to support its growing Asia-Pacific client base and expand its global reach. It follows two new Japanese partnerships and a $60 million investment including from Japan’s NEC.

You must check if you will be allowed entry, but all these airlines are now flying into Tel Aviv on a regular basis. United, Delta, Lufthansa, Swiss, Ethiopian, WizzAir, Air Canada, Air France, Israir, Belavia, Ryanair, Austrian, Turkish, Aegean, Air Europa, Pegasus, easyJet and Ukraine International.

Israel’s Nanox (reported previously) has just raised $165 million in an initial public offering (IPO) on the NASDAQ. The share price of the portable X-Ray devices company rose 21% on their first day of trading. Subsequent rises have brought the company’s valuation to over $1 billion.

Database software developer Redis (reported previously) has just received $100 million of financing that values the company at more than $1 billion, giving it the financial title of a Unicorn. Redis has over 7,500 customers, including MasterCard, Dell, Microsoft, Costco and Gap,

Israeli app BeeZee is the brainchild of Georgina Green, an employee of marketing agency GMT. She arranged development of an app that enables people anywhere in the world to order goods from over 100 Israeli “mom-and-pop” stores for delivery to friends or relatives in Israel.

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There was plenty of space in the Mitzpe Ramon crater in the Negev for 40,000 Israelis to watch this year’s Perseids Meteor Shower. Many lucky Israelis were surprised earlier in July, when comet Neowise appeared, for the first time in around 7,000 years.

Israel’s Innovation Authority (IIA), the government’s tech investment arm, has had its budget increased by NIS 390 million budget. It will now extend its Fast Track Incentive program to help hi-tech startups during the coronavirus crisis. It has also renewed its GovTech Incentive Program.

Israel’s Viridix, a developer of data-driven precision irrigation systems, is partnering Israel’s Talgil, a manufacturer of professional irrigation controllers. They will provide farmers with the ability to automate irrigation cycles by optimizing water needs for each crop.

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