Israel Active

Israel’s Haviv Ilan is to be the new CEO of chip manufacturer Texas Instruments. Ilan joined the US company in 1999 when TI acquired Ilan’s Israeli startup, Butterfly.

The Federation of Israeli Chambers of Commerce has released “Business Opportunities from Israel”. The database contains hundreds of up-to-date offers across all industries from Israeli importers, exporters, service providers, etc., seeking business partners around the world.

Israel’s Reichman University has successfully raised the $30 million it announced previously for startups founded by its graduates. RUNI Ventures, will offer some $500,000 to each promising startup, plus workspace, mentors (Uni and/or external), and student interns or employees.

The government of Ohio State has purchased $20 million of Israel Bonds to take its overall holding to $182.5 million and become one of the largest government owners of Israeli Bonds in the United States. Since 1993, every Ohio state treasurer has purchased Israel Bonds (see previously).

Israel’s EVR Motors has signed its 4th commercial agreement in India. It is now partnering RSB Group to develop electric motors for light commercial vehicles using its breakthrough Trapezoidal Stator RFPM topology. Previous agreements with Badve (see ), Napino, and EKA Mobility.

Israel’s global freight booking and payment platform Freightos has begun trading on Nasdaq after a $500 million IPO. Freightos raised over $80 million in capital through the listing, including $10 million from Qatar Airways.

Japanese IT service giant NTT has selected Israel’s C2A Security (see previously) as the first project of its new Global Automotive Security Test Center. The center will test connected cars to secure and protect their systems from cyber-attacks for NTT’s global clients.

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US giant Dell acquired Israel’s cloud orchestration solutions startup for up to ; Israel’s acquired Israeli-founded proprietary audience management platform for ; Canada’s Plusgrade Israel’s and Israeli R&D center.

When global management consultancy McKinsey acquired Israel’s Iguazio last month (see previously) they had examined more than 1,000 AI companies worldwide. Iguazio (McKinsey’s first Israeli acquisition) was identified as the best fit to help McKinsey significantly accelerate its AI offering.