Israel Active

Israeli cybersecurity has acquired Israel’s , which specializes in cyber risk assessment.

The five top Israeli tech companies all rose in value during 2023. Mobileye (up 35%), Check Point (+18%), Nice Systems (+7%), monday.com (+88%), and CyberArk (+88%) now have a total value of $83.5 billion.

The Israeli non-profit Ogen “Reserves for Reservists – Officer Loan Fund” aims to raise up to $10 million to provide interim fiscal support to senior officers who also own businesses. The fund aims to prevent the entrepreneurs from worrying so they can focus on their duties.

Israel’s StemRad (see previously) has secured a $4.5 million contract with the US Department of Defense for the acquisition of its radiation protection shields for the US National Guard. will provide 630 of its protective 360 Gamma belts to help respond to radiation incidents.

Israel’s Consumer Price Index (CPI) fell by 0.3% in Nov. In the year to the end of Nov 2023, the index rose by 3.3%, down from 3.7% from the 12 months to the end Oct. Unemployment in Israel fell to 2.8% in Nov from 3.1% in Oct.

German airline group Lufthansa plans to resume 20 weekly flights to & from Tel Aviv from Jan 8. Austrian Airlines and SWISS will also restart their services. Meanwhile, El Al and Delta have formalized a long-term codeshare agreement to combine frequent-flyer schemes.

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US Okta is acquiring Israel’s for ;

Israel’s Kando (see previously) has begun a six-month pilot project to monitor municipal wastewater systems and facilities in Phoenix Arizona. Kando’s sensors will detect irregularities caused mainly by illegal dumping at industrial sites.

Israeli social impact high tech venture Place-IL (see previously) is leading an $15 million initiative, along with Google, Nvidia and others  to create 400 high-tech jobs in war-affected Gaza border towns.  Hi-tech will be crucial for building resilience and hope.