Exits, takeovers and mergers – to 12/5/24
Nvidia is to acquire Israel’s for an estimated .
Global private equity firm Permira is acquiring 60% of Israel’s for around .
Swiss-US Alcon is acquiring Israel’s for up to ;
US-headquartered Akamai has acquired Israel’s for .
Israel’s has acquired Israel’s for .
Better management of cash operations
Israel’s Panax develops an AI-driven cash flow management platform to help mid-market and large companies gain full visibility and control over their cash operations. AI-driven automation streamlines all treasury processes, consolidating data directly from banks and ERP systems.
Deloitte launches 10 more startups.
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.
Funds flow in for startups
Startup investment for April 2024 was over $1 billion – the highest since Aug 2022. It follows March investment total of some $800 million.
Pollinating pistachios in California
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.
Startup investment – to 5/5/24
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raised $21 million;
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Exits, takeovers and mergers – to 5/5/24
Nvidia acquired Israel’s for .
US Armis has acquired Israel’s for ;
US BeyondTrust has acquired Israel’s for .
Security screening Cypriot airports
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.
Low-sugar juice is safe
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.
A new milestone in Israel-India relations
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.