Israel Active

Israel’s ThetaRay won Best in Class Compliance Solution at the 2023 RemTECH Awards for its AI-powered transaction monitoring technology. The award is part of the United Nations-led Global Forum on Remittances, Investment and Development.

Israel’s Exodigo (see previously) was used by Coles Rail to scan and map a project in Birmingham UK for part of a light rail expansion that will connect to the city’s Curzon Street Station. It detected over 280 underground utility lines, including 51 that no other locator or records had found.

For the first time Israeli programs have been sold for broadcasting in Saudia Arabia and Turkey. Saudi broadcasting network MBC bought the docu-series "Cassandra's Prophecy". And the Turkish broadcasting network Kanal D bought "Special", the drama series about autism.

Israel’s More Foods (see previously) has partnered with Tivall, the Israel-based vegetarian frozen food brand owned by food giant Osem-Nestlé. It will help More Foods expand distribution of its pumpkin and sunflower seeds meat alternatives to meet the growing demand for plant-based products.

Venture Capital firm Eight Roads plans to invest half a billion dollars in Israel in the coming years.  It already has 10 active investments in Israel including HiBob, AppsFlyer, Fireblocks, Eleos Health, Noogata, and Gloat.

The Michigan Israel Business Accelerator has launched "The Elevator" in Detroit to act as a co-working space, mailing address, or networking hub free of charge for Israelis looking to do business in the U.S. state. Since its founding in 2017, MIBA has made 2,000 Israeli-Michigan connections.

Once considered models of socialism, entrepreneurs have repurposed the Israeli kibbutz into hubs for creative and high-tech industries. This article features Hanita and Yiron (AgroScout).

The European Investment Bank (EIB), the financial arm of the European Union, is to invest €150 million into the NIS 1.5 billion seawater desalination facility planned for Western Galilee.  It is also providing a €500 million credit line through Bank Leumi to encourage green business projects in Israel.

Global tech giant Intel is to establish a new factory in Israel in the city of Kiryat Gat with a huge investment of about 25 billion dollars. Intel is expected to recruit thousands of workers and make a major boost for Israel’s economy.  Intel said Israel was crucial to its global success.

17 Israeli firms participated in the inauguration of the national pavilion at the 2023 Paris Air Show. 150,000 professionals and more than 2,500 companies are participating in this year’s event, showcasing cutting-edge technological solutions in the aerospace, civilian and defense sectors.