Israel Active

Proving how crucial Israel’s hi-tech sector is to Israel’s economy, new data from the Innovation Authority reports that in 2021, high-tech workers and companies contributed 36% of the nation’s income tax revenue. Recent years are certain to show even higher relative value.

Israel’s Wiz may have rejected a $23 million takeover offer from Google, but it said “that will do nicely” to a multi-million dollar investment from Japan’s SoftBank. Wiz recently recruited dozens of employees in Japan, Singapore, Australia, and New Zealand, and established a new data center in Sydney.

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Israel’s acquired for . Israel’s acquired Singapore-based Skuad for a minimum of . Israel’s has Israel’s . Israeli-American founded company is acquiring the British start-up Hofy for an estimated . Canada's Element Fleet has acquired Israel’s for . Multinational Prytek acquired Israel’s for .

The BIRD Foundation has approved $6.55 million in funding for six new projects between Israeli and American companies. The Israeli startups are Amarel Embedded Solutions, CyberRidge, Datos Health, , , and Quantum Art.

Some 1.7 million Americans will now get insurance cover for the Nerivio REN migraine bioband from Israel’s Theranica. Health First Colorado, the state’s Medicaid (public healthcare) provider, will cover the upper arm wearable that releases neurotransmitters to the brain to counter migraines.

It can be difficult for early investors or employees of a private company that isn’t traded on a stock exchange, to sell their shares. Israel’s Meitav is raising $100 million to buy those shares at realistic prices.  They will use the secondary platform of Israel’s Valoo.

Israel’s Vim amalgamates medical records from hundreds of disconnected US medical companies to recreate the Israeli system, bringing together providers and insurers in one electronic platform – facilitating treatments, referrals and payments at point of care.

Hilla Haddad Chmelnik (see Inclusive above) and others have established SAFEDOME – an emergency fund for early startups struggling after Oct 7. Angel investors invest up to half a million dollars in startups that meet strict financial conditions. See also 3rd link for other VC emergency funds.

Texas Venture Partners has raised a $50 million fund for investing $1 million - $4 million in several early-stage Israeli defense tech startups. Areas of interest include biotechnology, quantum science, space technology, and renewable energy. TVP will also help them expand into US markets.