Israel Active

Israel’s Minute.ly offers to increase revenue and user engagement by using its AI technology to “amplify the impact of your video content”. Minute.ly is partnering Infront – part of Wanda Sports - to identify peak moments in sporting videos and increase audiences in Europe and the U.S.

Israeli Transportation Minister Miri Regev has approved establishing a commuter ferry line that would reduce highway traffic in the center of the country. It would link Tel Aviv with Netanya and Hadera to its north, and Ashdod to its south. Netanya to Tel Aviv (e.g.) would take 20 minutes.

A non-profit accelerator, Israeli Association of Intelligent Transportation Systems (ITS) has been launched to promote tech to streamline transportation systems, raise safety levels, and reduce pollution during the Covid-19 crisis. Its startups are Spool, Opticity Israel, Safe-on, JesTap and Afik.

Customers using the Colu app (reported previously) to purchase goods and services in Israel during the Covid-19 pandemic, contributed $4 million to local businesses from March to May. Business owners reported that some 30 percent of their economic activity came from Colu users.

raised ; raised ; raised ; GoTo Global raised ; raised ; raised ; raised ; raised ; CIM Group invested in ;  

The government of Botswana has selected Israel’s Pangea (reported previously) to integrate its eVisa solution as part of Botswana’s efforts to expand its digital and online services. The online visa will enable visitors to Botswana have a seamless entry into the country.

Israeli cybersecurity giant Check Point reported increased quarterly net profit, beating market expectations. Check Point’s revenue was boosted by increased demand for network security as more people work remotely during the coronavirus outbreak.

Israel-based Mobileye is to provide its EyeQ family of devices plus vision-processing software to the Ford Motor Company. EyeQ includes Lane-keeping and Pre-collision assist with automatic emergency braking. Ford will display Mobileye’s name on SYNC driver-assist displays.

In these days of a global pandemic, Medical big data analysts have become one of the most sought-after professions. In Israel, there are currently about 500 people who know how to derive insights from medical data, and the demand for them is increasing.

Despite Covid-19, Japanese investment in Israeli tech is on the rise. The total volume of Japanese investments in the first half of this year amounted to $472.3 million, up 15% from $412 million in the first half of 2019.