Israel Active

Israeli healthcare payments startup Simplee (incorporated as Simplificare) has been taken over by US-based Flywire Payments Corporation for a reported $100 million. Simplee enables healthcare providers to offer patients personalized payment plans.

When originally reported , the Israeli medical diagnosis app K Health was available only in Israel and only in Hebrew. It now has 3 million active users in 47 U.S. States. K Health has just raised $48 million for expanding to South America and Asia Pacific, plus the coverage of more illnesses.

US storage giant Seagate is opening a Tel Aviv innovation center, Lyve Labs Israel, with the intention of working with Israeli companies. Seagate has been active in Israel for over a decade and has invested around $90 million in Israeli companies.

Start-Up Nation Central and the Bavarian ministry have signed an agreement to introduce Israeli startups to German manufacturers based in Bavaria, including Siemens, BMW, and Audi. It is in addition to the Bavaria Israel Partnership Accelerator program founded in 2015.

Israeli-founded cybersecurity company ForeScout was reported in Nov 2018 when it paid $113 million for a US-Dutch company. Now Forescout itself has been bought by US-based Advent International for $1.9 billion, eclipsing the $1.1 billion that Insight paid for Israel’s Armis.

Israeli business intelligence company Sisense has just raised $100 million from US-based VC and private equity firm Insight Partners. It gives Sisense a valuation of $1.1 billion dollars – joining the “club” of over 20 other Israel companies with “Unicorn” financial status.

As part of the global expansion of Israel’s Innoviz and its all-seeing LiDAR sensors , it has now partnered with China truck manufacturer Shaanxi to deploy up to 600 autonomous trucks in Xi’an, one of the biggest ports in China.

The world’s largest beer company AB InBev has signed a partnership agreement with Israeli cybersecurity startup foundry Team8, which will liaise between Israeli cyber companies and AB InBev. In June, AB InBev established a cybersecurity-focused hub in Tel Aviv.

Israel’s Maya Reik, fashion designer and founder of Marei1998 is debuting her Faux Fur at Milan's fashion week - at the age of 21.  Maya left school at 14 and studied fashion. Entrepreneurial skills run in her family. Her father sold his shipping business to DHL for $100 million.

Maryland Lt. Gov. Boyd Rutherford recently visited Israel as the head of a delegation of state employees and Maryland-based businesses. His aim was to encourage Israeli companies and entrepreneurs looking to enter the US market, that Maryland is the ideal partner.