Israel Active

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UK’s Smith & Nephew is acquiring Israeli implant company for around .

Israel’s BioCatch (see previously) has just achieved two milestones. A recent $70 million investment has given the startup a market value of over $1billion and “Unicorn” status. It has also reported recurring annual revenue of $100 million (51% growth) giving it the financial status of a “Centaur”.

Two Israeli startups, based at the devastated town of Sderot, are back in operation. BionicHIVE (robots in storage facilities) relocated to Beersheba thanks to Israel’s Robotican. Carrar was able to complete a tight deadline to produce a battery pack for a client testing in Germany (see )

While Israel’s Lasso Security was raising $6 million in seed funding, one of its co-founders, Ophir Dror, is one of the more than 300,000 reservists who have been called up to the Israeli army. Lasso’s employees have been raising funds to supply Israeli soldiers with essential equipment.

Israel’s Bank Hapoalim has allowed customers to defer loan and mortgage payments that total NIS 17.8 billion due to the war. It follows Bank of Israel’s order for banks to suspend repayments, fees, and interest for three months for residents living up to seven kilometers from the Gaza border.

Danish shipping and logistics giant A.P. Moller – Maersk has chosen Israel’s Fabric (see previously) to establish its fully automated fulfillment center in Dallas, Texas. The advanced floor-to-ceiling system fills orders of single-picked items for same-day or next-day delivery.

Israel has signed a landmark deal to sell a David’s Sling air defense system to Finland for NIS 1.3 billion. David’s Sling, produced by Rafael Advanced Defense Systems, has successfully intercepted long range rockets from Gaza. Its capability is to intercept missiles with a range of 25-185 miles.

Israel’s Kenaf Ventures (see previously) is based in Kibbutz Kfar Aza, one of the communities hardest hit on Oct 7. The company is refinancing its business based on the kenaf plant. The kenaf absorbs large amounts of CO2 and heavy metals. Its fibers are made into construction and bioplastic products.

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