Israel Active

Live Cloud for Microsoft Teams developed by Israel’s AudioCodes has been selected by secure communication service provider Enablis for its customers in Australia and New Zealand. AudioCodes’ ‘Mia’ (reported previously) automatically helps enterprises with note-taking.

Israel’s Fintica (reported previously) has successfully completed its Proof of Concept with Japan’s Nikko Global Wrap (part of Sumitomo Mitsui). Nikko will continue to use Fintica’s AI engines to help its financial decision-making. Fintica is part of Israel’s Cortica

Israel’s CropX (reported previously) is partnering US giant irrigation company Reinke Manufacturing. Farmers using Reinke's ReinCloud app will be able to remotely run their irrigation system while simultaneously using CropX’s soil sensors and analytics to maximize crop yields.

Israel’s Tipranks (reported previously) provides analysis and ranking based on text data on news sites, analyst reviews, corporate reports and more. Its services are now used by millions of direct users, plus clients of Santander, TD Ameritrade, Nasdaq Etrade and most of Israel’s banks and investment houses.

Israel’s Investment Authority is encouraging investing in early stage startups. It has reduced the minimum investment eligible for government protection to NIS 100 million (was NIS 150 million). The state will provide up to 40% of the original investment in case of losses incurred.

Karen Vartapetov, the credit analyst at Standard & Poor’s in charge of setting Israel’s sovereign rating, said there is no immediate threat for a downgrade. He said advanced countries including Israel, have relatively effective institutions, relatively high income and credible economic policies.

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.

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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”.