More support for Israeli food-techs
More about the $9-12 million that U.S. foodtech investment fund Siddhi Capital is investing in Fresh Start, the government-backed foodtech incubator based in Kiryat Shmona (see previously). Siddhi joins Tnuva, OurCrowd, and Tempo to help push Israeli foodtech into the global market.
Norway cannot divest from Israeli-linked companies
Norway has just realized that if its $2.1 trillion sovereign wealth fund divests from Israeli-linked companies, it will no longer be able to invest in Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta and Broadcom. So it has put on hold its divestment plans.
New record for forex reserves
Israel’s foreign exchange reserves at the end of Oct 2025 rose to $231.954 billion - a new record for the third consecutive month. The level of the reserves relative to GDP at the end of Oct was 41.3%.
No EU boycott – just the opposite
Despite threats to boycott, European nations are increasing purchases of Israeli defense systems. Israeli military exports hit a record $14.8 billion in 2024, of which 54% went to European countries. It compares to just over 33% in 2023.
Nvidia employs 5,000 Israelis
In one year, Nvidia (at $5 trillion, the world’s most valuable company) has increased its Israeli workforce from 3,300 (see previously) to 5,000 and it’s still hiring. Today, Israel is Nvidia’s second-largest R&D hub outside the United States.
A $1.5 billion solar project in Texas
Israel’s Doral Energy (see previously) has won a NIS 1.5 billion deal for the construction of a large solar field (553 megawatt output) at Cold Creek in Texas. The project will include storage capacity of 340 megawatt-hours, and will be spread over more than 5,000 acres.
Startup investment – to 2nd Nov 25
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Exits, takeovers, and mergers to 2nd Nov 25
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US design software company Figma has acquired Israeli AI powered design workflows company for .
Replacing diesel generators
The Net Zero Innovation Hub for Data Centers, a consortium of companies involved in data centers led by Google and Microsoft, has chosen the aluminum-air technology from Israel’s Phinergy (see previously) as the main solution for replacing diesel-fueled data center generators.
$2 billion fund with Israeli emphasis
Viola Credit has announced the closing of the $2 billion Viola ABL Fund III asset-based lending strategy fund. The fund was $0.5 billion oversubscribed. The fund places a unique emphasis on the Israeli ecosystem and is expected to expand the financing of local fintech companies