Israel Active

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Israel’s Check Point Systems is Israel’s for a few million dollars. Jared Kushner’s Saudi-backed Affinity Partners is investing for an 18% stake in Israel’s .

The $155 million raised by Israel’s last week gave it a valuation of $1.4 billion and financial Unicorn status.

Pitango VC has closed its $175 million second dedicated healthcare fund (see first fund ). Pitango HealthTech II. will invest in decentralized healthcare, personalized medicine, medical devices and diagnostics, AI, etc. It has already invested in QuantHealth.ai and Nevia Bio (see previously).

Over 90% of treatments that reach the clinical trials stage fail to make it to market - an annual $50 billion waste. It is mostly due to major gaps in the research needed to support clinical trials. QuantHealth.ai bridges these gaps by simulating large scale trials to accelerate development.

An interview with Israeli top tech influencer Hillel Fuld (brother of Ari Fuld z”l) who says that start-ups in the Jewish State are stronger than ever. “People don’t know this, but in absolute numbers, Israel’s ecosystem is number two in the world after the United States for food tech.”

Israel’s ItsMine (see previously) has been named a Cool Vendor in Garner’s “The “Cool Vendors in Data Security” report. ItsMine’s Agentless Beyond platform is designed to prevent data loss and leakage that can lead to devastating ransomware attacks.

Australia’s Endeavour Energy is adopting the Distributed Energy Resource Management Systems (DERMS) platform from Israel’s mPrest (see previously). It will be part of a new micro power grid in New South Wales, delivering electricity to tens of thousands of customers.

The Hasoub (Arabic for “computer”) Garage incubator (see previously) in Wadi Ara in the Arab town of Ar’ara comprises Hasoub Angels, an investment arm for early-stage startups, and Hasoub Labs, an innovation hub to transform ideas into reality. (Inspiring video of CEO Rabea Zioud)

The Israel Innovation Authority has announced new grants for innovative programs to train entrepreneurs in research and medical institutions with at least 50% representation from Israel’s Arab community. The Human Capital for High-Tech Fund is offering up to 70% of program costs.