Israel Active

OurCrowd’s Jon Medved discusses Israel's economy on "Wall Street Week" daily. It helps that many of Israel’s hi-tech workers have returned from the IDF. Israel is good value for investors.  Meanwhile, Israel’s annual inflation rate fell to 2.6% from 3% and job vacancies have soared.

US tech giant Nvidia has 3,300 employees in Israel - 13% of its global workforce. In 2019 Nvidia acquired Israel’s Mellanox, now with annual sales of $13 billion, plus Israel-1, the world's strongest supercomputer. Some 1,000 Israeli AI tech companies participate in Nvidia's startup program.

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Israel’s is acquiring Africa’s PaySpace for around . US giant , which already has acquired several Israeli startups has just acquired Israel’s for around $200 million. Israeli phage therapy company is to merge with US-based Adaptive Phage Therapeutics.

Investment advisor Doug Goldstein reports that since Oct 7, Israeli Anglos may wish to re-assess their retirement strategy.  Like younger Israelis, many have been invigorated and have no intention to put their feet up. Volunteering, charity, supporting family, travelling; it’s a whole new world now.

Casterra (see previously) a subsidiary of Israel’s Evogen, has signed strategic agreements with existing and new seed producers in Brazil and Africa to increase its production of high-yielding, high-oil castor seeds.  Casterra’s seeds are a vital source of biofuels and animal feeds.

Israeli fund Team8 has announced the closing of new funds totaling $500 million. Team8 has built 20 companies, invested in an additional 21, and achieved eight exits (including the recent cyber exits of Dig and Talon for a total of around one billion dollars.

The CT2 from Israel’s City Transformer (see previously) is scheduled to hit the roads in July. The foldable Electric Vehicle can seat two adults or one adult plus two children and will cost $17,400.

Israel’s Chunk Foods (see previously) is partnering Spanish/Mexican Better Balance, bringing the co-branded Chunk plant-based products to Mexico. Chunk Foods will also launch new products that cater to the vibrant tastes and lifestyles of Mexicans.

The Startup Nation was well received at the Mobile World Congress in Barcelona. The 32 Israeli companies arranged some 2,000 business meetings. Israeli innovations included infrastructure, network IOT (Internet of Things), Cloud solutions and AI.