Israel Active

Ten Israeli startups have been selected for the 7th cohort of Deloitte’s LaunchPad mentoring program. They are , , , , , , , , , and . The 43 previous startups have raised over $1 billion in funds.

Startup investment for April 2024 was over $1 billion – the highest since Aug 2022. It follows March investment total of some $800 million.

If you buy Californian pistachios, there is a good chance that they were produced thanks to Israel’s Edete Precision Technologies for Agriculture (see previously). The agri-tech startup now helps Californian farmers pollinate 3,000 acres of almond trees.

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Nvidia acquired Israel’s for . US Armis has acquired Israel’s for ; US BeyondTrust has acquired Israel’s for .

Israel’s SeeTrue (see previously) has improved passenger throughput and streamlined the screening process at Cyprus’s Larnaca airport. SeeTrue’s AI security screening platform will now be introduced in Pafos – both airports managed by Hermes Airports.

Israel’s BlueTree Technologies (see previously) has secured self-GRAS (Generally Regarded As Safe) status for its patented process to selectively remove sugars from juice. It is now seeking approval to begin marketing, with Israeli manufacturer Priniv, 33% less sugar juice.

Israel Aerospace Industries (IAI) is establishing a new aerospace defense company in India, named the Aerospace Service India (ASI). It marks a new level of collaboration between the two countries as the Indian government promotes its vision of self-reliance.

Since Oct 7, Israel Bonds has sold a record $3 billion. It includes a significant increase in the investments by financial institutions mainly from US states and municipal governments. It highlights massive direct support during the war for Israel from cities and individuals all over the world.

Startup Nation Central’s report for the first 3 months of 2024 highlighted that Private funding in Q1 2024 was $1.8 billion, up 8.5% compared to the final quarter of 2023. Mergers & acquisitions were over $2 billion - up 40% from the previous quarter and the highest quarterly total in the last two years.