Israel Active

SAP.iO Foundry Tel Aviv has launched its second 12-week incubator (see for previous). This time SAP selected seven consumer products startups. Aiola, Hexa, Pecan.ai, Sampler, SRP, TrenDemon, and TVPage will access SAP tech support, mentors and clients.

Israeli-based Brilliance Ventures has raised a $20 million fund to focus on Israeli startups with potential for growth in the Asian market. Its initial focus is in the fields of Artificial Intelligence, deep tech, storage, semiconductors, and Industry 4.0 (e.g. smart cities).

Israeli cybersecurity company CyberArk has acquired California-based “identity as a service” IDaptive Holdings for $70 million cash. Their technologies will be combined to form a powerful security platform.

Despite the coronavirus pandemic, Israeli-founded Spot.IM is recruiting 100 new staff to add to its 200 Israeli and US employees, as part of its growth plan. Spot.IM is an engagement & community platform for top media companies such as Verizon Media, Microsoft, News Corp and Hearst.  

This week, Nanofabrica raised , Udisense (Nanit) raised , raised , digital health data Alike raised , raised , AccessiBe raised and Semperis raised .

Throughout Israel, students in grades 1 to 3, plus grades 11 and 12 have returned to classes. Shopping malls and Jerusalem’s famous open-air Mahane Yehuda shuk (market) have reopened after two months, signaling a major step in Israel’s gradual return (with precautions) to normal.

Intel has acquired Israel’s smart-transit startup Moovit for some $900 million to with Mobileye . Moovit (reported previously) provides free real-time crowdsourced information about public transportation schedules. It is used by 800 million riders across 102 countries.

This week, raised ; raised , is raising , Orca Security raised , raised , Hub Security raised and Ermetic .

Japan's Sumitomo Corp has launched a $100 million Israel focused fund - IN Venture, to invest in smart cities, digitization, health care, cyber, IT, energy, and mobilization. Sumitomo Exec VP Toshikazu Nambu said of Israel, “Your way of life forces you to find solutions and that impressed us."

Nine Israeli Covid-19 startups presented to the North California Israel Chamber of Commerce last week.  They included , EchoCare (seniors monitor), , , Expain (cancer data), Grin (remote orthodontics),  Sanolla, Gynisus (AI diagnosys) and Habitu (trials support).