Israel Active

Israel’s OurCrowd and Thailand’s corporate innovative powerhouse RISE announced the establishment of Rise OurCrowd Exponential (ROCX), a VC fund focused on 20 – 30 Israeli deep technologies with potential to grow in Asia. The new fund will begin investing by the end of 2024.

The Israel Innovation Authority is to allocate NIS 9 million for the establishment of three clubs of private investors. They will aid Israeli early-stage startups that are struggling to get critical funding during wartime. The clubs will provide crucial support to technological ventures in their early stages.

More positive talk from OurCrowd Founder and CEO, Jon Medved, who spoke in the UAE and on Bloomberg TV’s "Wall Street Week Daily." He discussed the economic impact of the Israel-Hamas war. His message was Israel tech delivers, no matter what. Israeli tech resilience is almost supernatural.

Israel’s OurCrowd is spearheading the Israel Resilience Fund (IRF) to bolster Israeli startups during the war against Hamas. The $50M fund will invest in 50+ Israeli companies developing vital solutions in the South and North that need funding due to employee call-ups. No management fees!

Israel’s Axilion (see previously) is to help optimize traffic flow along the heavily congested Railroad Avenue corridor in Pittsburg, Pennsylvania USA.

Italy’s System Logistics, manufacturer of global automated warehousing, is piloting Israel’s SaverOne (see previously) on several vehicles in its fleet. SaverOne prevents drivers from texting or using other distracting apps. The system is already being used by Italian vehicle manufacturer Iveco.

Israel Railways is integrating the AI-powered security screening system from Israel’s SeeTrue (see previously) at checkpoints in Israel's largest stations where more than 1,000 bags are screened every hour.

Drone delivery customers of Israel’s Flytrex now include Chick-fil-A restaurants (in 3 US States), Walmart, Starbucks, Chili’s, Little Caesars, Raising Cane's, Papa Johns, Jersey Mike’s Subs, Freddy's Frozen Custard & Steakburgers, and Unilever's The Ice Cream Shop.

Israel’s Essence SmartCare (see previously) has delivered 140,000 Care@Home senior monitoring devices to satisfy its winning the tender as the sole provider of senior care technology for over 100,000 seniors in the Madrid region.

Israel’s Corundum Neuroscience (was Joy Ventures – see previously) invests in startups developing neuroscience solutions. It aims to promote new treatments for anxiety, depression, PTSD, chronic pain, sleep, and neurodegenerative disorders.