Israel Active

Israel’s is Stellar Blue.

You probably didn’t know about these 5 Israeli “startups to watch in 2024” previously – even though their funding has been included in this newsletter. So, if you want to know what Trullion, Frontegg, Volumez, Bridgewise, and Port (GetPort) do, now is your chance.

Israel’s Finaloop offers a fast automated accounting and bookkeeping system. It can also provide a complete third-party financial management service.

Jerusalem’s construction boom will attract more businesses and residents to Israel’s capital. It includes the city entrance (1-3 million sqm), K complex (100,000sqm), Marom Tower (40,000sqm), plus the regional district, old Shaare Zedek, Givat Shaul, Talpiot, Har Hotzvim, Givat Ram, & East Jerusalem.

Despite the war, Tel Aviv moved up to 4th place in the 2024 Global Startup Ecosystem Report, by Startup Genome and the Global Entrepreneurship Network. The report evaluated 4.5 million companies in more than 300 entrepreneurial ecosystems worldwide.

Good news for Ozzy lovers of honey – Israel’s BeeHero (see previously) has partnered with local beekeeping and pollination company Monson’s Honey and Pollination, to help beekeepers assess the health of their colonies. Also, around one third of Australian food crops rely on honeybee pollination.

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Israel’s has with France's Kalray.

Israel’s Cipia (see previously) is to provide its Driver Sense driver monitoring system (DMS) to a leading European maker of components for commercial vehicles. There are now 10 global vehicle manufacturers that are using Cipia technology.

Israel is to purchase 25 F-35 ‘Adir’ fighter planes from the US for $3 billion. Up to five planes will be delivered each year from 2028, to complete three squadrons of F-35s and a total of 75 planes.