Israel Active

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.

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Israeli private equity firm is to buy Israeli drip irrigation company . It will pay for 75% of Metzerplas. Israel’s is acquiring Israeli behavioral intelligence platform developer for an estimated several million dollars. Japan’s Kaneka has acquired Israel’s for an estimated .

Israel’s Foresight (see previously) is to develop advanced 3D perception solutions for South Korea’s Bumhan Motors to build semi- and fully autonomous electric buses. They will be required to operate in various conditions, including harsh weather and poor lighting.

From Feb 7, Israeli airline Israir is to operate twice-weekly direct flights between Athens and Israel’s Ramon airport, 11 miles north of Eilat. It is expected to add additional routes to Europe, taking tourists straight to the Red Sea resort city without flying via Tel Aviv’s Ben Gurion airport.