Prepared for when disaster strikes
Aman Group (see previously) is Israel’s largest IT company, with some 4,000 employees. Established 50 years ago, it deliberately maintains 50% of its operations in Israel. But it also has subsidiaries in several other countries, which can operate as disaster recovery sites in times of crisis.
Working on the Gaza border
The center of Sderot is the unlikely location for NatureGrowth. It originally was planned to be a hub for ag-tech and climate-tech startups. After Oct 7 it became SafeSpace – a quiet co-working area, and now it’s a base for non-profits. The owners hope one day it can become a global ag-tech hub.
A cool business – 3km from Gaza
Israel’s ZutaCore (see previously) has returned to its Sderot factory to continue to produce its unique waterless dielectric liquid-cooling solution for overworked AI microchips. CEO Erez Freibach, describes his entrepreneurial background and that of his “genius” CTO Nahshon Eadelson.
Tel Aviv startups lead the world
Despite the war, Tel Aviv continues to outperform other global tech hubs like San Francisco and New York. Almost one in every 20 of the city’s privately held startups (4.8%), backed by venture capital, has become a unicorn (valued over $1 billion) - the highest percentage in the world.
An electric delivery experience
Israel’s Blitz Motors (see previously) replaces gasoline-fueled delivery motorbikes with cheaper, safer, and more sustainable electric mopeds. It says 400 mopeds save 29.000 trees a year. Companies use Blitz e-mopeds in Israel, the Netherlands, the UK, the UAE, Belgium, and South Africa.
Startup investment – to 2/6/24
raised (co-founder on Oct 7);
raised ;
raised .
Exits, takeovers and mergers – to 2/6/24
Israel’s is acquiring US-headquartered Venafi for .
Can you trust an on-line company with your data
Israel’s Hoggo has created an AI-driven platform that combs through and assesses a company’s publicly available policies on consumer protection. It creates a privacy passport and grade that prospective online buyers and sellers can read to decide if they can trust them.
Google’s AI lifeline fund
Google’s AI Lifeline fund (see previously) is supporting several cash-strapped Israeli startups. They include , , and .
Robots for the US Marines
Israel’s Roboteam (see previously) has won another US order – this time to supply 200 Micro Tactical Ground Robots (MTGR) to the US Marine Corps. The MTGR is a lightweight tactical all-terrain robot equipped with 360-degree imaging cameras. The IDF use MTGRs in Gaza.