Boycott brings success to Israeli company
The Israeli franchise of Ben & Jerry’s is expanding thanks to its split from its anti-Israel parent. It is to open a bigger factory to expand its product range into ice cream bars and popsicles. CEO Avi Zinger also wants to enlarge the frozen pastry division.
Startup investment – to 7/1/24
Israel’s ();
raised
Exits, takeovers, and mergers – to 7/1/24
US-based Level Access has Israeli AI web accessibility startup for around
Palantir stands with Israel
US tech giant Palantir is to hold its first board meeting of 2024 in Tel Aviv. The company wrote on X last week, “We stand with Israel…Our work in the region has never been more vital. And it will continue.”
Returning to work after a war
Israeli companies have been gearing up to help employees re-adjust when they return from IDF reserve service. Read how Israeli firms Applied Materials, Taboola, Priority, and Monday.com have prepared for the challenge.
$9.75 million for clean energy projects
Nine clean energy projects (see previously) are to receive $9.75 million under the US-Israel (BIRD) Energy program. Israelis orgs involved include Bar Ilan R&D, , , , , PowerPlug, , Trigo Solar, and Windstore Energy.
Taste vegan “realistic meat” in Florida
The fermented plant-derived “meat” from Israel’s Chunk Foods (see previously) has now reached Florida. The authentic tasting replicated whole cuts are now available at The Talk of the Town Restaurant Group, which comprises six restaurants in Central Florida.
“Resiliency is off the charts”
At two financial events last week, finance heads and investors spoke of the resilience of Israeli entrepreneurs. Typical was Ed Sim, founder, and general partner at boldstart Ventures. “Yes, there’s an impact,” he said. “But the resiliency is off the charts.”
Intel confirms multi-billion-dollar deal
US chipmaker Intel has inked an agreement with Israel’s government for a $3.2 billion grant to expand its chip manufacturing facilities in Kiryat Gat at a total investment of $25 billion. Intel will also spend NIS 60 billion with Israeli suppliers over 10 years and create thousands of jobs.
Turkish coffee renamed to support Israel
Israel’s Strauss Group has rebranded its ground coffee in response to complaints as to why it should be named after a country whose leader supports Hamas. Special war editions are now “Am Israel Chai”, “Generation of Victory,”, “We Have No Other Country”, & “Strong Together.”