Israel Active

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Entain, one of the world's largest sports betting and gaming groups, is acquiring Israeli sports results application for . Cisco is acquiring Israel’s for . BP and Abu Dhabi National Oil have offered for 50% of Israel’s .

Michael Fertik, founder of US Fund Heroic Ventures said that his “decision to continue to invest in Israeli startups is not just a matter of principle: there has never been a better economic moment to invest in startups in the Jewish State.”

Israel’s Ravin AI (see previously) has partnered with Haifa Port to inspect new vehicles entering Israel, pinpoint damage during transport, offloading, and storage and help identify the responsible parties. Ravin’s customers include Avis Budget, Sixt, Mercedes Benz, and Toyota-Lexus.

KPMG's Global Quantum Hub announced its partnership with Israeli quantum software company (see here previously) to bring innovative quantum solutions to clients. They will target financial services, automotive, medical, energy, telecommunications, and logistics.

Israeli entrepreneurs made a big impression at the SXSW (South by Southwest) tech and music festival in Austin, Texas. They included , which beat 1,000 startups to win the Innovation Award for Health and Med Tech. The festival covered technology, education, film, music, and comedy.

According to Intelligence company dealroom.co, Tel Aviv tech startups had a combined value of $393 billion at the end of 2022 - second only to London among Europe, Middle East, and Africa. In the last 5 years, Tel Aviv businesses have more than tripled in total value.

Talks about a Free Trade Agreement between Israel and Vietnam have been in progress since 2013 (see previously). They have now concluded, and an agreement will be signed later this year. During the 10 years, Israeli exports to Vietnam have risen from some $350 million to $1 billion.

300+ Bahraini and Israeli business leaders attended the opening ceremony of the three-day Connect2Innovate forum in Manama, capital of Bahrain. The conference focused on challenges in fintech, logistics, supply change, water, energy, and climate.

Israel’s Mappo is an AI-powered voice-based software that integrates cultural landmarks, songs, movies, and podcasts into the car's navigation system. It uses the car’s location to play material according to driver preferences. It has been installed by Ford and now Volkswagen are adding it.