Israel Active

Israeli startup Pcysys develops cybersecurity software that enables enterprises to continuously test their network to detect security vulnerabilities. Automatic and self-learning, Pcysys has just raised $10 million of funds.

Rassini, a leading manufacturer of braking systems for GM, Ford, Toyota etc. is opening a research center at the Jerusalem College of Technology (JCT). Its aim is to help formulate future strategy. Rassini’s CEO said, “Israel is known as an epicenter for research and development”.

As reported previously Israeli startup H2PRO extracts Hydrogen from water to generate a cheap, non-polluting fuel.  A spin-off from Israel’s Technion, one of H2PRO’s main investors is Hyundai Motors. Here is H2PRO’s latest video.

Students at Israel’s Technion Institute have developed synthetic honey that has never been near a bee. They manipulated the bacterium Bacillus subtilis in the lab to produce the same enzymes that occur in the bee’s stomach. Their innovation won gold at MIT’s international iGEM competition for synthetic biology.

Israel recently hosted the annual International Conference on Unmanned Vehicles. It attracted international leaders in the field to see Israel’s cutting-edge drone technology.  And Israel’s Skylock has just sold an anti-drone system to Thailand.

Thousands of alumni celebrated the 50th anniversary of Israel Technion’s Computer Science faculty. Its scientists have invented the Zip compression algorithm, 3D camera technology, AI and computer learning innovations, cyber security protection and much more.

TechnoArt is an Israeli Venture Capital fund and incubator. It set up a $5 million micro-fund and startup accelerator in 2015 that has launched Israeli startups Playit (event production) and Markers (connects advertisers with artists). It now aims to raise a further $75 million.

Israel’s Innovation Authority (III) is to pay up to NIS 2 million per year over 3 years to multinationals and Israeli startups to develop and implement specialized Artificial Intelligence (AI) training programs. It will also pay up to NIS 15 million to local institutional investors to recruit tech specialists.

The innovative radiation protective vest made by Israel’s StemRad has been reported here several times. It has just been taken to the International Space Station (ISS) where it will start six months of tests.

As reported previously Israeli startup Seebo’s tools and technology helps companies develop smart products. Now, Czech carmaker Skoda is to use Seebo’s AI-based software to optimize manufacturing processes on its engine production lines.