To grow or to exit – that is the question
Israeli entrepreneurs vary between those who want to grow billion-dollar “Unicorns” or those that simply want to make a quick profitable exit and start a new company. Here is the view of the latter. Ram Yonish is now helping other entrepreneurs make that decision.
A global HR management system
Israeli-founded Payroll and workforce management tool Papaya has acquired Israeli HR information system platform Mensch. It will result in what Papaya says is the first global human resources management system.
Another Israeli startup benefiting from Covid-19
Israeli digital advertiser Kendago B2C Media Solutions was on the rise well before the arrival of Covid-19, growing by 150% year-to-year in 2019. It has since grown another 600%, marketing companies selling inexpensive products online to customers staying at home.
Investment in Israeli startups (20 Jul 20)
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Valid Network raised ;
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Israeli startups raise $2.5 billion in Q2
Despite coronavirus, startups in Israel raised $2.5 billion during the 3 months from Apr to Jun 2020, 13% higher than the same period in 2019. The number of deals - 170 - was 33% more than the number of transactions in the second quarter of 2019.
Security for Spain and Djibouti
Israel’s Magal Security Systems (reported previously) has just won $2.5 million of orders. One is to extend its security contract with the Spanish port of Tarragona. The others are for new seaport security projects, including at the mainly Muslim Republic of Djibouti in the Horn of Africa.
Funds raised by Israeli startups
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C2i Genomics raised ;
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Testing healthcare systems
Israel’s Pcysys (reported previously) has been chosen separately by US giant Apria Healthcare and UK’s St Margaret’s Hospice Care, to automate their cyber security testing with Pcysys’ PenTera Automated Penetration Testing Platform. Sadly, medical systems are often subject to cyber-attack.
There will still be Israeli Bluebirds
Israel’s Bluebird Aero Systems (reported previously) was taken over by Israel Aerospace Industries. So, Bluebird’s innovative Unmanned Aerial Vehicle technology will still be Israeli.
Connecting businesses to fast Internet
The Israeli government is offering a grant of NIS 1,000 for up to 20,000 small businesses to allow them to connect to Israel’s fiber-optic Internet. Upgrading their connections will help the businesses to digitally maintain and expand their business activity