Israel Active

Israel’s Central Bureau of Statistics reports that Israel's Gross Domestic Product (GDP) grew by 6.5% in 2022. GDP per capita growth last year was 70% above the OECD average of 2.6%.

Israel’s Earth & Beyond Ventures (see previously) has raised $125 million to invest in Israel’s emerging commercial space ecosystem. It will focus on aerospace and satellite engineering startups. Investors include NASA supplier Corning, Japan’s Kyocera, and Israel’s Spacecom.

The speakers lined up for OurCrowd’s Global Investor Summit, this coming week, include Israel’s President Herzog, US Ambassador Nides, Author Saul Singer, “Fauda” actor Lior Raz, ex-Mossad head Yossi Cohen, Natan Sharansky, and many, many more.

raised ; (previously ) raised ; raised ; raised ;

Israel’s Adnimation has been granted Google Certified Publishing Partner (GCPP) status, shared by just 57 other companies around the globe. Adnimation works with publishers to monetize their content with innovative advertising.

Israel’s Anodot (see previously) analyzes a company’s data to highlight potential revenue issues to management. Since acquiring US-based Pileus, Anodot also helps management control and reduce its cloud computing costs.

Israel’s Wisor AI has developed a software solution tailored to the needs of the 300,000 freight forwarders. It automates both the manual process of aggregating pricing data as well as the optimization of shipping routes across airlines, ocean liners, trucking, and rail companies.

The US Federal Aviation Administration has approved the partner of Israel’s Flytrex (see previously) to use its drones to deliver across the USA. Currently, Flytrex operates in five cities in Texas and North Carolina, delivering everything from burgers to sushi.

The boutique Seahorse Winery at Bar Giora in the Judean Hills makes some 50,000 bottles of wine a year. The winery has 2,200 vines per acre, compared to 880 vines per acre elsewhere in Israel. This means the grapes grow under stress, remain small at harvest time, and produce extremely flavorsome wines.

Israel’s Smart Resilin (see previously) is partnering European biotech Acies Bio to commercialize resilin as an environmentally beneficial material for many industries. The non-toxic, bio-degradable protein can replace synthetic plastics in applications from footwear to aerospace.