Israel Active

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Australian entrepreneur and investor Kevin Bermeister announced that he will move more assets to Israel, in response to calls by some to do the opposite. Bermeister founded the Jerusalem Development Fund and was a founding investor in many successful companies such as Skype.

The Deloitte Launchpad accelerator (see previously) has named 10 Israeli startups for its fifth cohort. Alison.ai (video analysis), Browsi (customer views), Datricks (risk mining), , Mine (privacy), Nimble (KPIs), , , , and Wizdome (cyber risks).

Israel’s Jigso helps filter out unnecessary notifications and irrelevant organizational information by aggregating and mining the business’s applications, enterprise systems, and data. After removing all the noise, it then presents employees with only the specific information they need.

Israel’s StructShare develops a construction procurement and inventory platform for specialty contractors. It aims to solve chronic inefficiencies across the supply chain using digital tools and data analysis to simplify materials purchasing and associated accounting processes.

Israel’s Reeco has developed a marketplace that connects hospitality buyers and suppliers. Hotels and other buyers order anything from food and beverage to cleaning supplies. Reeco’s AI system fulfills the order from its network of hundreds of suppliers, based on price, availability, and timescale.

Israel’s Zorro is a financial management services provider for employees, employers, and brokers. It offers a mobile application to help employees manage their expenses, track their bills, and receive financial guidance. It enables employers to offer personalized schemes to staff.

Israel’s Electreon (see previously) is partnering Toyota Motor Corporation and automotive component manufacturer DENSO to develop Electreon’s wireless charging kits for Toyota Electric vehicles. The EVs will eventually have the charging technology built in.

Food prices in Israel are expected to fall thanks to the imminent opening of new supermarkets SPAR, 7-Eleven and Carrefour. US giant Costco has also been invited to join the party. Israeli supermarket Shufersal has invested NIS 28 million in SPAR and will sell its lower-priced products.

Plurinuva / NewCo, the partnership between Tnuva and Pluristem (see previously), is now rebranding itself under the name Ever After Foods. It has built a production capable of supplying cultured meat products to the market on an industrial scale.