Israel Active

If the US approves Alphabet’s $32 billion takeover of Israel’s Wiz, the country’s coffers would receive at least $3.5 billion of tax revenues.  And as Lior Prosor writes, “it’s a watershed for Israel’s tech ecosystem and a guiding light for other promising tech enterprises.”

Israeli researchers and companies have secured over 1.1 billion Euros in grants (2021 – 2024) from the European Union’s Horizon Europe program. The 600+ Israeli researchers and 400+ Israeli companies were honored at Jaffa’s Peres Center for Peace and Innovation.

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Israel’s Rafael Advanced Defense Systems concluded 2024 with record-breaking sales, plus profits were up 64% at $257 million. And the impending operational deployment of its Iron Beam laser defense system is set to vastly reduce missile interception costs.

Ten Israeli-founded firms were selected in this year’s Fast Company Most Innovative Companies list. They are , , MineOS (Data Privacy), , , , , , , and .  

Israel plans, within seven years, to build a new Israeli international airport in Moshav Nevatim near Beer-Sheva. It will create 50,000 jobs and handle up to 15 million passengers. Haifa airport has already been updated and Ramon airport’s capacity will be increased to 4 million by 2030.

Israel is home to approximately 200 beauty-tech companies and is in the world top five of the beauty market. It is famous for Dead Sea products, pomegranates, & almonds. Startups include , , , , , , , , , and , (NS Oils)

Israel's fiscal deficit narrowed in the twelve months to the end of Feb 2025, for the fifth consecutive month, to 5.3% of GDP, or NIS 107.9 billion. Tax revenues rose from record Israeli bank profits. Foreign exchange reserves rose over $4 billion to a near record $220 billion.

Google’s parent company, Alphabet Inc. is to acquire Israeli-founded cybersecurity startup Wiz for at least $32 billion. It marks the largest acquisition in the tech giant’s history and over twice the previous record Israel exit (Mobileye by Intel for $15.3 billion in 2017).

Israel’s BeeFree Agro (see previously) delivered its first fleet of “autonomous flying cowboys” in January to a paying customer in Brazil, where it currently manages around 3 million cattle. It is also in trials or negotiations with with three of the “big four” multinational meat processors.