Israel Active

Israel’s XTEND (see previously) has won a $8.8 million contract with the US Dept of Defense for its PSIO small Unmanned Aerial Systems. It is is the first system of its kind to receive approval from the U.S. DoD for both indoor and outdoor operations. The system has proved itself in Gaza.

Despite the ongoing war 2024 has seen a 78% surge in the value of exits by Israeli companies. The total amount reached (up to Dec 8) is $13.4 billion, compared to $7.5 billion in 2023. Excluding IPOs, it is 9% higher than the historic record exits of 2021.

Israel’s Waterfall Security (see previously) has partnered with Florida’s GoCloud to install Waterfall’s security technology at Miami Port, the largest marine port in North America. One priority is to protect the port from threats that might exploit equipment supplied by China.

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US cybersecurity giant Fortinet has Israel’s .

Israel’s Stigg.io has developed a platform for software engineers to build monetization functionality into their companies’ business systems that enables them to bill customers for their services (Systems as a Service – SAAS).

Israel’s BioCatch (see previously) has brought together five of Australia's largest banks to tackle financial fraud. ANZ, CBA, NAB, Suncorp (Norfina), and Westpac join BioCatch Trust Australia in the first inter-bank, behavior- and device-based fraud and scam intelligence-sharing network.

Israel’s Global-e Online (see previously) has partnered with Harrods - the world's leading luxury department store, to enhance its international online operations. Global-e partners over 1,000 brands and retailers across the United States, Europe and Asia.

Israel’s Solchip (see previously) has won an order for 20,000 of its SolRad energy-saving IoT devices from one of Europe’s largest publicly traded real estate companies. The low-cost device can be retrofitted to any radiator in minutes to reduce energy consumption by up to 35%.

No longer is defense technology shunned by investors as speakers emphasized at the DefenseTech Summit, hosted at Tel Aviv University.