The past decade saw 587 exit deals — IPOs and merger and acquisitions — for a value of over $70 billion This year, 2019, was an “outstanding year” for Israel’s tech industry, with the number of exits — mergers and acquisitions or initial public offerings of shares — totaling $9.9 billion, a 102% jump compared to 2018, when the figure was $4.9 billion, according to a new report by consultants PwC Israel. The figures do not include follow-on transactions — when companies that already had an exit have a second sale. Taking into account follow-on transactions, the total amount of deals … [Read more...] about Israel Tech Exits Surge To $9.9 Billion In 2019
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Novel Gel Propulsion Affects Communication Satellites
Watching a live event happening half a world away, or chatting with someone in another country, would not be possible without the hundreds of communications satellites orbiting Earth to relay telecommunications signals electromagnetically. Propelling the largest of those satellites requires costly and highly toxic jet fuel, while launching smaller satellites requires other liquid fuels that could benefit from improvement. Israeli startup NewRocket is developing gel propulsion – a cheaper, more environmentally friendly rocket-engine technology offering the same level of performance and … [Read more...] about Novel Gel Propulsion Affects Communication Satellites
Israeli Startup Has An App That Can Detect Impairment
The medical and recreational use of marijuana is increasing globally, and its effects on drivers can — like alcohol — be devastating, as the drug influences the cognitive abilities of drivers, as much as alcohol does. According to the United Nations Office on Drugs and Crime, cannabis users in 2016 were 192 million worldwide, a number that has increased by 16 percent in the decade from 2006 to 2016. While Uruguay and Canada are the only two countries where it is legal to produce, sell, and consume medical and recreational marijuana, its recreational use has been totally legalized in 10 US … [Read more...] about Israeli Startup Has An App That Can Detect Impairment
VeganNation Site To Launch With Its Own Cryptocurrency
Israeli friends create online vegan lifestyle ecosystem offering products and services, meal-sharing app, tech incubator, meetups, content and more. On September 2 – 118 years since the birth of Donald Watson, coiner of the term “vegan” in 1944 – Israel-based VeganNation will launch its initial coin offering to kick off a decentralized community and marketplace for millions of worldwide vegans. Cofounder Isaac Thomas, 34, says VeganNation is meant to be the first fully functioning ecosystem for people who avoid animal products, offering an online platform for content and … [Read more...] about VeganNation Site To Launch With Its Own Cryptocurrency
10 Israelis At The Head of US Businesses
Arriving in America flush with ambition rather than cash, these Sabras climbed quickly up the ladder of success. r was added to the Hollywood Walk of Fame in honor of “Mighty Morphin Power Rangers” creator and media mogul Haim Saban last year, it was another feather in the cap of Israeli citizens who have built successful enterprises in the United States. The list of Israelis heading American companies is impressively long. ISRAEL21c chose 10 to highlight here, all of whom spent their formative years in Israel (excluding, for example, Israeli-born Oracle co-CEO Safra Catz, who … [Read more...] about 10 Israelis At The Head of US Businesses
Elevator Tech Could Save Lives
Seventeen years after 9/11, an Israeli startup is testing its solution to turn the elevator into a traveling ‘safe room’ that can facilitate rescue operations. When there’s a fire in a high-rise building, safety rules dictate that you don’t take the elevator. You head for the stairs instead. But what if using the elevator could actually be the fastest – and safest – way to evacuate a building on fire? Salamandra Zone is an Israeli startup that wants to make it possible for people trapped in a burning building to flee using the lift. Today, elevators automatically shut off if … [Read more...] about Elevator Tech Could Save Lives
Israeli Firms Protecting Our Kids On Social Media
The Startup Nation has jumped to the fore as one of the leaders in deterring hackers, securing data and detecting bullies on your social media. In the wake of the Cambridge Analytica scandal, which saw raw data from some 87 million Facebook users harvested without their knowledge, netizens have been increasingly concerned about protecting their privacy on social media. The European Union’s GDPR (General Data Protection Regulation) that recently went into effect (as anyone with an email inbox could not have failed to notice), is part of the push to counter future privacy … [Read more...] about Israeli Firms Protecting Our Kids On Social Media
Israel And The Audio Content Revolution
Tel Aviv startup Audioburst is making radio, TV and podcasts instantly searchable and enhancing the capabilities of voice assistants. The days of aimlessly scanning through AM/FM radio stations in search of something that interests you may be coming to an end. An Israeli startup is organizing the world’s audio so that you can instantly find and listen to any piece of audio from anywhere, on demand. Tel Aviv-based Audioburst has developed an AI-powered technology that can listen to millions of minutes of live and pre-recorded audio content each day – podcasts, radio shows and … [Read more...] about Israel And The Audio Content Revolution
New Laser Solution Could Slow Spread of Forest Fires
Fighting Treetop Fire is developing a system of removing combustible foliage with algorithm-controlled laser beams controlled via helicopter or truck. Aggressive wildfires are rampaging through many countries this summer, bringing death and destruction in their wake. In California alone, firefighters are scrambling to control 18 separate blazes. Texas, Oregon, Florida, New Jersey, as well as Canada, Greece, India, Mexico, Portugal, Spain, Sweden and the UK are among other areas battling massive forest fires, a phenomenon experts expect will only increase due to climate … [Read more...] about New Laser Solution Could Slow Spread of Forest Fires
Israeli Company Introduces a 10-Minute Charge For Electric Cars
Israeli startup is starting its first deployments in Europe. The technology puts a very modern spin on the old-fashioned flywheel. After years of sputters and stalls, including the billion-dollar failure of Israel’s Better Place, nearly every car manufacturer is actively working up an electric vehicle (EV) roadmap. General Motors, which plans to launch 20 EV models by 2023, has some 1,700 developers, including a team in Israel, working on batteries and EV design. There’s one electric elephant in the room, though: the time it takes to recharge an electric car. Even … [Read more...] about Israeli Company Introduces a 10-Minute Charge For Electric Cars