Israel Active

Israel’s Kardome (see previously) has partnered with LG Electronics to integrate Kardome's Spatial Hearing AI into LG's next-generation smart devices. Kardome’s highly accurate voice-activated user interfaces will first be built into LG's line of smart TVs.

Israel’s Elbit Systems has been awarded a $100 million contract to deliver its UT30 MK2 unmanned turret systems to General Dynamics European Land Systems. They will then be integrated into the ASCOD armored fighting vehicles for a European NATO member.

Delta Air Lines is resuming daily nonstop service between New York’s John F. Kennedy International Airport and Tel Aviv, becoming the first U.S. carrier to restart after the Houthi attack on Ben Gurion airport.  Delta said that all flights to Israel were fully booked through next week due to strong demand.

New York-based venture firm Insight Partners has invested $5.8 billion in the Israeli tech ecosystem over the past two decades. It has backed over 125 Israeli startups, including Wiz and Monday.com. In the last two years Insight has done 15 AI-related investment deals in Israel.

Foreign investment in Israeli companies on the Tel Aviv Stock Exchange (TASE) has hit a five-year high. It includes nearly NIS 4 billion in March and NIS 800 million in just three days in April. Recent IDF success in the war is seen as the main impetus for investors.

The demand for the skills of Israeli graduates can be seen in the companies that set out their stalls at the Technion Institute’s Spring job fair. Though some will be attracted by NVIDIA, Apple, Amazon, Google, Meta, Microsoft, and Intel, many others will start their own companies.

raised or maybe (IPO); invested in ; raised ; raised ; raised ; invested in ; raised .

IBM’s Red Hat has acquired Israeli AI startup for ; Israel’s has acquired Israel’s for .

Israeli-founded Oddity (see previously), with its Israeli R&D center has soared in value since its IPO on Nasdaq. CEO Oren Holtzman’s decision to launch into the cosmetics web-based business market was certainly astute. Oddity still has 20 physical stores – all of them in Israel.

Nefesh B’Nefesh partnered with Azrieli Tel Aviv and the Tel Aviv Municipality to host over 50 immigrant-run businesses at the first Tel Aviv “Shuk Olim”. The open-market event connected locals, tourists and fellow immigrants, to celebrate the creativity, resilience and entrepreneurial spirit of the Olim community.