Israel Active

Uber Technologies and Israeli drone company Flytrex (see previously) has announced a strategic partnership, marking Uber's first investment in the drone delivery sector. The ride-hailing and delivery giant is estimated to be investing tens of millions of dollars in Flytrex.

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Roche is to acquire Israel’s for at least . Israel’s has acquired Zurich-based AI security company Lakera for . Israel’s has acquired German AI video pioneer simpleshow for .

Shanghai’s Cutia Therapeutics, has made a strategic 2 million Euro investment in the Israel’s Hairstetics (see previously). Hairstetics has developed an award-winning, pioneering medical device for the minimally invasive implantation of synthetic hair fibers, designed to address female alopecia.

Israeli venture firm Glilot Capital has raised $500 million from financial institutions across the United States, Europe, and Israel, bringing its total assets under management to more than $1 billion. Glilot’s focus is on cybersecurity and AI.

TechTrek (Sep 9-11) is Israel’s largest institutional investor technology conference. It provides a platform for global institutional investors, private investors, and Israel’s top VCs to engage with the Israeli tech ecosystem. One speaker was US hedge fund billionaire Bill Ackman.

Dynamic Staffing Services, India’s largest international recruitment agency, supplies skilled workers for construction and industry. It has launched “Shalom Namaste” a 13-week program of live classes and videos to train foreign workers in Hebrew, before they come to Israel.

The Israeli stock exchange has risen 65% since 7 Oct 2023 in a sign of Israeli resilience and its improved geo-strategic situation in the region. In fact Israel was the second-fastest growing market in the world last year, after its most friendly ally – Argentina.  Maybe there’s a message in that!

US defense giant Lockheed Martin successfully completed a trial for the US Army of the Spike non-line of sight (NLOS) anti-tank missile from Israel’s Rafael Advanced Defense Systems. 42 countries use Rafael’s Spike missiles, including 20 NATO members.

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