Israel Active

Greece’s ΟΝΕΧ Νeorion Shipyards is partnering Israel Shipyards Ltd to co-produce the “Themistocles” corvette - a next-generation, multi-purpose vessel designed to patrol and protect the Eastern Mediterranean’s sea borders.

Nine Israeli-founded unicorns (valued at over $1 billion) are based in New York State. They are Riskified, Sisense, VAST Data, Via Transportation, Compass, Lemonade, Payoneer, Taboola and The We Company. 500+ Israeli companies in New York generate $30+ billion in revenue and employ some 25,000 New Yorkers.

Taiwan’s largest innovation company, Innovation to Industry (i2i), has set up a $70 million program called IP2 LaunchPad. Its purpose is to create tech collaborations between 25 Israeli cybersecurity, AI and digital health startups and Taiwan’s industry, health care system, academia and investors.

Israeli fintech (financial technology) companies raised a record $1.8 billion of investment funds in 2019 – more than double that in 2018. Israeli firms account for 5.1% of global investment in fintech – the fifth highest country in the world.

Israel’s CardiacSense (reported previously) has signed an exclusive distribution agreement in India worth at least $32.4 million for 150,000 of its medical watches. The device remotely monitors and detects patient vital signs of fevers, heart arrhythmias and chronic diseases.

Latest investments in Israeli startups include: raised ; raised ; ADAM CogTech raised ; raised and raised

Israeli-Australian VC firm Square Peg Capital expects a wave of innovation and says that the equivalent of a decade’s worth of change has occurred in just two months. Square Peg has raised $250 million for its fourth core fund, of which the Israeli market represents around 40% of its investments.

Israel’s Supercom (reported previously) has won a 5-year contract from the Latvian government to deploy its enhanced PureSecurity product suite. It will provide Latvia’s probation service with innovative advanced features to give a secure alternative to prison incarceration.

As reported , US IT giant NetApp bought its fifth Israeli company recently. NetApp has now paid millions of shekels to Israel’s Iguazio to use its Artificially Intelligent technology to help data analysis and storage optimization for its customers.

Israel’s Otonomo (reported previously) has added another car maker to the partners for its connected vehicle data analysis systems. Its latest deal with automotive giant Fiat Chrysler is estimated to be worth tens of millions of dollars.