McDonald’s buys Israeli AI startup
I mentioned previously Israeli startup Dynamic Yield, which uses Artificial Intelligence to deliver a personalized service to customers. Fast food giant McDonald’s has recognized DY’s potential and has bought the innovative startup for $300 million.
OrthoSpace exits for up to $220 million
I reported previously on Israel’s OrthoSpace which develops a biodegradable balloon that can be implanted into injured shoulders, preventing friction and alleviating pain. NYSE-listed Stryker Corp. is acquiring OrthoSpace for up to $220 million.
Pointer exits for $140 million
I reported previously on Israel’s Pointer Telelocation whose software tracks vehicles for fleet management, insurance purposes and stolen vehicle recovery. US based I.D. Systems is acquiring Pointer in a deal valued at some $140 million.
Two new Fattal hotels in Jerusalem
Israeli international hotel chain Fattal is building a new 168-room NYX Jerusalem Hotel near the Mahane Yehuda market. It is also expanding the former Alliance School into a 90-room boutique hotel. Fattal has 200 hotels in 18 countries including the Leonardo chain.
Tnuva launches startup accelerator
Israel-based Tnuva Food Industries has launched a startup accelerator program focusing on retail technologies. Dubbed Capsule, the program will scout startups and entrepreneurs for strategic collaborations, offering them access to Tnuva’s facilities, business advisement, and mentorship.
The search for more Israeli gas
Several companies, including Exxon Mobil, have acquired Israeli government tender documents pertaining to oil and gas exploration rights off the coast of Israel. The ongoing auction closes in June. Seabed estimates are 75 trillion cubic feet of gas and 6.6 billion barrels of oil.
Phenomenal growth
I reported previously on Israeli cybersecurity startup Morphisec and its growth in protecting over one million endpoints. Its revenue has also grown - by 1620% over the past year.
Ryanair’s Lauda to fly Tel Aviv to Vienna
Irish low-cost airline Ryanair's Austrian subsidiary Lauda will launch Tel Aviv - Vienna daily flights in October. El Al, Austrian Airlines and Wizz Air also fly from Tel Aviv to Vienna.
El Al to fly to Chicago
El Al will be offering direct flights between Tel Aviv and Chicago starting in 2020.
More Israeli investment opportunities
Two more initiatives have just been launched to attract funds for Israeli startups. First, Israel Infrastructure Partners (IIP) announced a debut fund targeting $350 million. Meanwhile, Arizona's Grayhawk Capital has launched a $75 million early growth fund.