Israel Active

Israel’s Women Funding Women program is the first of its kind to connect women entrepreneurs with top-tier women investors to address the funding gap in AI. Until Feb 4, WFW offers a $1M investment to support women-led AI startups, which deliver a 35% higher return on investment than men.

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US blockchain giant acquired  Israel’s (its second Israeli takeover in a month) for an . Chinese tech giant Lenovo has acquired Israeli enterprise storage company , which was valued at ;  Lenovo plans to establish a development center in Israel.

The Galilion in Israel's Hula Valley is set to become the first hotel in Upper Galilee to resume operations following a 14-month closure due to the war. The hotel has undergone an extensive NIS 5 million renovation, emerging as a symbol of recovery for the war-affected northern region.

Israel’s AI-driven financial crime detection company ThetaRay (see previously) recently received four prestigious industry awards. Deloitte Technology Fast 500, CrossTech Product Innovation Award, Top 100 Financial Technology Company, and a Banking Tech Award.

Israel’s Seetrue (see previously) has now been installed at 100 checkpoints in 10 countries. In 2022 it prevented 500,000+ prohibited items from getting aboard planes and into venues. In 2024 this had soared to around three million.

From Feb 8, Israeli airline Arkia is launching direct flights, three times a week, between Tel Aviv and New York. The route will be operated in partnership with TechAir, a company established by Israel’s High-Tech Forum.

Startup Nation Central has identified a significant number of unreported funding rounds by Israeli startups. It raises the total investment in 2024 to $12.2 billion ($10.6 billion reported) - 31% higher than in 2023. There was also $15.8 billion worth of hi-tech exits.

12 Israeli companies, or companies with a connection to Israel, rose by more than 100% on the Nasdaq index during 2024. They include Eco Wave Power (+1,050%), Allot (187%), Hippo (175%), Beamr Imaging (154%), TAT (149%), Lemonade (143%), Teva, and NovoCure.

Israel’s Arbe Robotics (see previously) has announced that it will integrate its ultra-high-definition perception radar with Nvidia's DRIVE AGX platform, a high-performance AI computing system for autonomous and semi-autonomous vehicles. Arbe’s share price rose significantly.