Property management company worth $500 million
Israeli property management platform DoorLoop has raised $100 million from US JMI Equity, valuing the company at around half a billion dollars. DoorLoop currently employs 160 people, including 60 in Israel and is looking to recruit some 240 more, mainly in Israel.
The best places to work in Israel
Chipmaker giant Nvidia has overtaken Microsoft as the best tech firm to work for in Israel, as ranked by Dun & Bradstreet. Workplace management platform Monday.com is 3rd. Nvidia’s focus on its staff during the war boosted it from 8th place last year. Israel has 47,000+ tech workers.
Startup investment – to 3/11/24
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Exits, mergers & acquisitions – to 3/11/24
Sweden’s Sanalabs.com has Israeli AI workflow automation startup .
Salesforce is Israeli data management startup .
Investing in AI
Israel has allocated NIS 500 million ($133 million) for education and critical R&D and data infrastructure to help keep pace with global AI developments. It includes a national institute for advanced research in partnership with Israeli and international experts across academia, industry, and the military.
Brewing beer 6 miles from Lebanon
Another Israeli business trying to “raise the spirits” while under missile fire is the Malka brewery (see previously) just six miles from the Lebanese border. Malka has sent tens of thousands of bottles of beer to evacuees in Dead Sea and Eilat hotels. Malka beer is on sale in the US (see link).
Startup investment – to 27/10/24
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Exits, mergers & acquisitions – to 27/10/24
Israeli hospitality startup has Israel’s Easyway and now has .
Managing temporary staff
Israel’s Ubeya helps employers hire and manage temporary or shift workers. Clients include Wembley and soccer clubs including Arsenal, Chelsea, Tottenham, and Ajax. Events include the UEFA Champions League final, Wimbledon tennis tournament, and Foo Fighters and Taylor Swift concerts.
Changing the world, one wave at a time
Israel’s Eco Wave has updated its agreement with I-Ke International Ocean Energy (part of Lian Tat, see previously) to install a 100kw (was 20kw) wave energy generation unit in Taiwan. Eco Wave’s CEO is confident that it will lead to the adoption of wave energy all over Asia.