Israel Active

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General Motors has Israel’s ORGOLiON (now renamed AIONZ). Israeli energy conglomerate is buying control of Israeli citrus fruit supplier and real estate investor . in a deal worth . Israel’s bought US-based AlterG for . Multinational Philip Morris is acquiring Israel’s for up to . France’s Thales is acquiring Israeli-founded for . EssilorLuxottica (makers of Ray-Ban sunglasses) Israel’s . Israel’s is acquiring PayU GPO for

TLV Partners (see previously) has raised $250 million in new funds to invest in innovative Israeli-founded early-stage startups. Its fifth fund will back up to 25 Israeli-founded startups engaged in AI, cybersecurity, fintech, biotech, and other fields.

Israel’s Appdome (see previously) is partnering with the U.S.-based Microsoft Azure DevOps to advance its Cyber Defense Automation Platform. It allows mobile app developers to rapidly detect potential cybersecurity threats and build secure Android and iOS applications.

The Agili-C knee implant from Israel’s Cartiheal has just been used for the first time in the United States. Dr. Ken Zaslav, a specialist in Orthopedic Surgery and Sports Medicine at Northwell Health in New York, was the first physician in the US to implant Agili-C in a patient.

Israel’s Electreon (see previously) has won a French public tender to install a 2km wireless Electric Road System (ERS) to charge passing electric vehicles. It will be built into a section of the A10 highway, Southwest of Paris. It will also include a stationary wireless charging station for all EVs.

Work has begun on Tel Aviv’s new Bus Rapid Transit system. Advanced electric buses will connect 44 stations along the 14 miles from Tel Aviv to Rehovot via Rishon LeZion and Nes Ziona. The line is estimated to cost nearly NIS 3 billion and expected to open in 2028.

Israel’s Innovation Authority is allocating NIS 113 million for a new research and development center for startups to build biodevices based on biochips. This area is known as bio-convergence and is expected to be a growth engine and source of diversification for Israeli industry.

Israel’s high-tech exports increased by 6.9% during the first five months of 2023. Over the same period, industrial production in Israel’s high-tech sector expanded by 5.6% more than in the first five months of 2022 and the number of Israeli high-tech workers grew 3% over the same period.

The European venture capital fund, Sienna VC, is raising $250 million to invest exclusively in Israeli technology companies. It plans to invest between $5-15 million in each funding round, focusing on AI, cybersecurity, fintech, digital health, foodtech, agritech, and more.