More vegan milk from mushrooms
Israel’s ImaginDairy (see previously) has partnered with one of America’s biggest biotech companies, Ginkgo Bioworks, to scale up production of ImaginDairy’s no-cow “dairy” proteins. Ginkgo’s AI capabilities will be used to create biological systems that reduce production costs.
See it now on Amazon Connect
Israel’s TechSee (see previously) is now working with Amazon Web Service's (AWS) new and improved Amazon Connect Agent Workspace. TechSee’s computer vision AI empowers AWS digital channels to see the physical world and offer AR-guided automated technical support.
Innovation winner
Israel’s Kaltura (see previously) has won an Innovation in Business award at the 2024 MarTech Awards for its video event platform. The award recognizes outstanding creative products, solutions, and services in the fields of marketing, advertising, and sales technology.
European VC fund to invest in Israel
New Europe-based venture capital fund Vinthera is to invest tens of millions of dollars in Israeli funds and startups in growth stages. Past investments by the team in Israel include Grove Ventures, Angular Ventures, Oryzn Capital, and the cloud data storage company Firebolt.
Tel Aviv Sparks
The Tel Aviv Sparks Innovation Summit & Expo (Apr 8 -12) features the latest Israeli startups, organizations, and company exhibitors showcasing their cutting-edge products and solutions. Plus (at the summit) key presentations and discussions that shape the future.
Fast innovative companies
US magazine Fast Company recognized four Israeli startups in its annual list of the world’s most innovative companies. Vis.ai was ranked 43rd of the top 50, for “harnessing AI to expedite lifesaving diagnoses”. Highlighted in specific sectors were Papaya Global, UVeye, and GreyMatters Health.
El Al buys 3 more dreamliners
Israel’s El Al airlines has raised $100 million to help it finance the purchase of 3 new Boeing 787 “dreamliners). El Al plans to expand its 16-plane 787 fleet to a total of 28 by 2030.
Mobileye is on the move
Mobileye’s 2,700 Jerusalem employees are moving to a new NIS 1 billion low-energy campus at the Har-Hotzavim Hi-Tech Park. In addition to the usual high-tech perks such as a gym, it will also include a convenience store, running track, hair salon, and nursing rooms.
Startup investment – to 31/3/24
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Exits, takeovers and mergers – to 31/3/24
Israel’s has US-based 3D-Fuel