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JewishWikipedia.info
THE
INCREDIBLE
STORY OF THE JEWISH PEOPLE
EXAMPLE OF INTERNATIONAL R&D RESEARCH IN ISRAEL
INTEL TO INVEST $11 BILLION IN ISRAEL
BreakingNews, Adam Eliyahu Berkowitz January 29, 2019
“Behold, the coastlands await me, With ships of Tarshish in the lead, To bring your sons from afar, And their silver and gold as well— For the name of Hashem your God, For the Holy One of Yisrael, who has glorified you.”
Isaiah 60:9 (The Israel Bible™)
Intel building in Israel’s northern coastal city of Haifa. (Credit: StockStudio/Shutterstock.com)
Israel’s Finance Minister Moshe Kahlon announced Monday night that Intel, an American multinational corporation and technology company, will invest $10.9 billion in the company’s Israeli operations, making this one of the largest infusions of foreign money into the Israeli economy. It is estimated that when this plan is realized, the company’s investment in its Israeli operations since it was founded in 1974 will reach $50 billion.
In conjunction with the announcement of their future investment in Israel, Intel released a statement saying that its exports from Israel in 2018 totaled $3.9 billion, an increase of $300 million from 2017, in addition to local procurement of materials and services – primarily in the periphery – worth $1.7 billion.
To facilitate this further investment, the Israeli government is expected to give Intelt a grant of $190 million. The company already pays a reduced 5% tax rate, which it would not seek to change under the arrangement, according to the report.
Intel currently employs 11,700 workers in its Israeli operations. An additional 1,100 work at its Jerusalem-based Mobileye subsidiary which it acquired in 2017 for $15.3 billion. The purchase of Mobileye was the largest sale of an Israeli company to date.
Last month, the Knesset’s Finance Committee announced it would give Intel a $190 million grant in return for investing an additional $5 billion in its existing Kiryat Gat fabrication plant, and hiring an expected 250 new employees and purchasing domestic products worth $570 million.
Intel facilities in Ra’anana are currently working on high-speed WiFi connectivity, GPS, and 5G mobile communications with WiGig technology. There is also an artificial intelligence (AI) center in Haifa developing an AI chip for servers in conjunction with Facebook. Intel also has Research and Development centers in Jerusalem and Petach Tikva.
According to Globes, negotiations are still in an early stage and the final figures could be lower. In December, announced plans to expand current operations in three locations: Oregon, Ireland, Israel but it is still unclear if this will happen, and if so, in which locations.
Intel is in the process of transitioning from being a producer of silicon computer chips to a data-centric company, with activities ranging from the manufacturing of chips to developing safety features in vehicles, wireless phone connections, drones, and cloud-based technologies.
ISRAELI TECH PREDICTIONS FOR 2019
Times of Israel, Lindsey Amit-Perry, Start-Ups & Online Marketing Expert, Jan 14 2019
The year 2020 once seemed like a futuristic time where there would be flying cars and robot butlers, but as we actually near 2020, we realize we were not too far off. While we do not have flying cars just yet, Israel is working on creating a self-driving car through Mobileye technology. As for our robot butlers, we have things like Siri, Alexa, and Google that are at our every beck and call. Israeli technology has been at the forefront of moving towards the future and here are just a few things we can expect in 2019.
AMAZON FINALLY ARRIVES IN ISRAEL
Amazon, known to be one of the world’s most popular e-commerce websites is preparing to open in Israel with a local Internet address in the first quarter of 2019. The recent arrival of other large European online retailers such as Next and ASOS, were instant hits and had already begun to transform the Israeli online shopping experience. The excitement is palpable as consumers rush to order online and enjoy the fast- efficient delivery and excellent customer service aspects as part of the experience. Israelis can’t wait to have Amazon as a real choice, with their incredible selection of products and more importantly, without the insanely high shipping charges. The entire effortless experience, from the purchasing process to the arrival of your smiling Amazon box is what excites future Israeli customers. Amazon’s entry will allow Israelis to say goodbye to the local postal system frustrations and welcome inexpensive goodies from around the world.
ISRAEL GOING TO THE MOON!
Just a short seven years ago, Israel entered a Google technology contest to land a small probe on the moon. While no one actually made it to the moon within the time of the competition, Israel became motivated to continue reaching for the stars, and Space IL, Israel’s non-profit space organization, a spacecraft is being prepped for launch in February. Only three other countries have ever landed on the moon, and the fact Israel will be joining this elite club has already raised the spirits of Israelis, as it will be putting our tiny country into the modern-day space journey. Even before Israel decided to go to space, Israeli-British Judaica designer, Laura Cowan, has been space obsessed, sending her sleek Apollo inspired mezuzah into space with NASA, being one of the few Jewish items that has seen the Great Beyond.
CANNABIS EXPORT INDUSTRY PLANS FOR 2019
Excitement is building within the world of Cannabis exports as Israeli legislation paves the way for exporting medical cannabis in 2019. With the almost year-round perfect climate for growing and cultivating marijuana combined with a high level of expertise in Israel, this is an industry that is causing a stir. While there are fears that an export industry can increase the amount of illegal substance abuse on Israeli streets, the amount of excitement and buzz of financial predictions has put those fears away. Joining the Cannabis export industry has the potential to raise Israel over $1 billion in sales.
IOT KICKS OFF IN ISRAEL
IOT, or the Internet of Things, has been one of the many projects in the Start-Up Nation. Aside from working on the first self-driving car, Israeli companies have been working on multiple IOT projects that have been known around the world. MUV Interactive based in Herzliya has created a device that is meant for play, education, and even the corporate world, that allows any space to become interactive. Voice assistants from Google and Amazons are starting to find their place in the Israeli home and small devices here, and there are often installed in the home. Control your heat, lights, even the temperature of your next shower from your phone. IOT is the future, and the future is now.
STRAW-FREE, TEL-AVIV?
Joining in the global eco-friendly trend, cafés in the modern city of Tel Aviv have finally begun the vital shift to reduce the amount we are using and producing plastic. Israel has been known to lead a plastic life, and even the smallest of changes have made the biggest impact. Since supermarkets started charging for plastic bags, there has been an 80% drop in plastic bag use. Moving forward, many Tel Aviv bars and restaurants have taken a straw-free pledge, no longer handing out plastic straws with every drink, which tend to litter our beautiful sea. The people of the bustling coastal city have welcomed the critical shift to reduce plastic use, and 2019 looks set to be the best year yet for reducing and recycling plastic waste.
EUROVISION
Not so much technology related, but Tel Aviv is set to host Eurovision 2019 and Israel is excited beyond words! Netta Barzilai’s winning single, “Toy” took the international music world by storm and has finally brought the great European singing competition back to Israel for the first time in decades. Netta’s win has inspired many young musicians to get out there and follow their creative dreams and has the Israeli sense of pride shining brightly once again. The 2019 Eurovision contest will be hosted in one of the world’s biggest party capitals, which guarantees an unforgettable time. The international competition is also set to drive an increase in tourism as international acts with their supporters and fans will arrive to take part in the week-long competition.
CANCER TECHNOLOGY
Incredible advancements were made in 2018, including the Israeli discovery and testing of a new molecule that literally kills brain cancer. One of the current projects Israel’s high-tech medical researchers are working on that is expected to have high levels of success, is said to help reduce tumor sizes in cancer patients, thus extending life expectancy. For medical research in Israel, 2019 is a year to be very excited about, as even more in helping improve the lives of others is to come. The combination of medical expertise and tech knowledge has been paving the way for game-changing treatments and looks set to continue and an even faster pace.
ISRAELI ADVANCES IN IVF TREATMENTS
It seems as though Israel has been a leader in fertility advancements and 2019 will see even further development for in vitro fertilization. This includes the latest treatments, which have shown to speed up egg maturation and ovulation. The impact can be seen through the entire provision of IVF services throughout the world and will also lead to other added on potential uses of this technology which has yet to be thoroughly investigated. 2019 is a promising time to be living, as the odds of becoming a parent, despite potential fertility issues, begins to seem less and less bleak. These advancements, alongside many others, are sure to become part of recommended treatments in the years to come.
JERUSALEUM- ISRAEL’S CRYPTOCURRENCY TO HIT THE MARKET
An Israeli titled cryptocurrency called Jerusaleum is long overdue as so much speculation and hype continue to both excite and cause some levels of concern within the Israeli financial world. Jerusaleum is a currency that focuses on decentralization, bringing the power back to the people and “open the sky.” Their two tokens are JLM and JLMD, are expected to be listed in the second or third quarter of 2019, but for now, one can join Jerusaleum’s network as a co-founder. The requirements for joining are rather simple, as one just needs a MetaMask wallet and an Ethereum wallet address. Take part in the future monetary revolution and join Israel’s own Jerusaleum!
While these are just a few predictions for what is to come in the last year of the decade, 2019 will hopefully bring so many more technological advancements and surprises to help better the world. Technology has proven to be the way of the future, and there is no stopping it, only joining it, so being on Israel’s side has its advantages. We are always looking forwards as to what big scale projects this tiny Start-Up Nation has to offer — going to the moon, improvements in medical technology, joining the cyber currency revolution, who knows what else is to come from Israel!
5 BOLD PREDICTIONS FOR ISRAELI TECH IN 2020
Forbes, Eyal Bino
It’s been an incredible year for Israeli tech. According to a report by Tel Aviv-based research firm IVC Research Center and international law firm ZAG, in the third quarter of 2019 Israeli companies raised $2.24 billion across 142 deals, more than in any quarter since 2013. Moreover, by the end of the third quarter Israeli startups have already raised a cumulative $4.68 billion in venture funding, almost the same amount raised throughout all of 2018.
Some notable examples include Cybersecurity company Cybereason raising $200 million from SoftBank; Content creation app startup Lightricks, $135 million in series C; and Israeli-led insurance startup Hippo, raising $100 million from high-profile venture capital funds such as Comcast Ventures and Bond Capital. There’s no doubt, Israeli tech is booming.
Yet, it’s not just funding that accelerated this past year for Israeli startups. Things have also been busy on the mergers and acquisitions side—another sign of maturity in the Israeli tech ecosystem.
TODAY IN: SMALL BUSINESS
Only a few years ago, Israeli founders were criticized for selling their companies too early and settling for small exits. Fast forward to 2019, and the landscape has completely changed. More and more startups are focusing on optimizing growth, targeting large exits and IPOs. In 2019, Israeli tech mergers and acquisitions are up to $9.9 Billion. This is a 102% increase year-over-year, according to a report published by accounting firm PwC Israel.
If the acquisition of Waze by Google for $1.1 billion set the stage on the consumer side back in 2013, we now see a much higher price tag for enterprise startups getting acquired over the past few years. Mobileye was sold to Intel for over $15 billion, while Israeli chipmaker Mellanox Technologies was acquired earlier this year by Nvidia Corporation for $6.9 billion. Large US corporations are willing to pay big for game changing Israeli technologies.
3 MUST-HAVES FOR INTELLIGENT MANUFACTURING
As we head into 2020, some questions arise around Israeli tech. Will funding levels continue to reach new heights? Are new Israeli unicorns on the horizon? What technologies will be hot, and where will the next big Israeli innovation come from - Israel, Silicon Valley, or maybe New York?
As we turn our attention to the new year, here are 5 bold predictions for Israeli tech in 2020.
Growth Rounds And IPOs Will Continue To Dominate
Capital has been flowing to successful Israeli startups. With the entrance of more foreign investors with deeper pockets and a willingness to hold on to a company for longer, Israeli founders are able to throw for the fences. Add to that, an active growth Israeli VCs scene including the likes of Qumra Capital, Israel Growth Partners and Viola Growth, and startups with healthy revenues will have plenty of options to fuel their growth.
In addition, the revival of Israeli startups looking to go public, which started in 2019 will only increase In 2020. Given the success of Fiverr, seeing its market cap rise to over $700 million after a successful IPO, and plenty of other Israeli startups surpassing the $100 million annual recurring revenue threshold, the stage is set for more IPOs in 2020. Analytics and business intelligence platform Sisense, data recovery Zerto, payment solution Payoneer, are only a few companies eyeing an IPO, and the list of companies heading in this direction is quickly growing.
PRE-SEED IS THE NEW SEED
The flow of capital to Israel has impacted the VC landscape. There is intense competition on the best deals, and after decades of leverage being on the side of the investors, now top Israeli founders are sought after by funds that are looking to invest in the best teams, even if it means taking a lower equity stake in companies than in the past.
A recent survey by GroundUp Ventures titled the State of Seed, reveals interesting data on the evolution of seed investing in Israel over the past year. Most notably, two thirds of the VCs surveyed increased their check size in 2019 by an average of 50%. In addition, almost half of the surveyed funds believe there is too much seed capital in Israel.
The fierce competition for talent, has pushed many Israeli VCs get in earlier. While in the past most Israeli funds focused on leading A rounds, over the past couple of years, the majority of VCs are focused on leading seed rounds, especially in companies where they worked with the founders in the past. I highly suspect this trend will continue and move to the pre-seed stage. This means a harder reality for first time founders looking to raise their first round of funding, as they are at a disadvantage compared to serial entrepreneurs.
AI, MACHINE LEARNING WINNERS WILL DELIVER REAL VALUE, NOT JUST HYPE
Artificial intelligence (AI) has become an integral part of our daily lives over the past few years. Israeli founders, many of whom came out of the Israeli military with training in developing artificial intelligence applications and machine learning solutions, have applied their know-how across a variety of sectors. There’s been a proliferation of startups using AI to tackle problems in cyber security, autonomous vehicles, insuretech, fintech, legal tech, and virtually every industry where technology can be leveraged.
However, up to this point, very few startups have been successful in translating AI innovation into consistent revenue and growth. In 2020 I expect this to change. Companies will be focused on improving the user interface and overall customer experience to encourage faster adoption. Rather than a rush to wow potential investors with these cool, flashy new technologies, we’ll see an emphasis on finding the right real product-market fit that will truly make the consumer’s life easier.
DIGITAL HEALTH IS IN—AT LAST
Repairing the healthcare industry was a big focus of many innovative startups and top-tier VCs in the US over the past few years. Digital health investing continued to blossom in 2019. Over the past two years, these startups raised well over $10 billion in funding across nearly 1,000 deals, according to data from Pitchbook and Crunchbase.
Many startups focused on developing tech solutions in areas such as mental health, care navigation, digital therapeutics, and new models of integrating telehealth, remote care. And yet, outside of a few exceptions, funding for health tech has been relatively low for Israeli startups as most Israeli VCs lack enough knowledge in this area and prefer to stay within their comfort zone.
The end of 2019 is bringing with it winds of change for Israeli digital health startups. Some key players in this space include TalkSpace, offering therapy and counseling on demand, Orcam, providing life changing AI technology for the blind, and Healthy.io, turning smartphone cameras into clinical grade medical devices. The success of these companies is paving the way for other health startups looking to use deep technologies to overcome challenges across our healthcare system.
NYC-BASED ISRAELI STARTUPS WILL PRODUCE A NEW GENERATION OF ISRAELI FOUNDERS
It is no secret that New York has become the destination for Israeli startups over the past few years. The combination of capital with over 200 active NY-based VCs investing at seed and Series A, a friendly time zone compared to Silicon Valley, a supportive Israeli tech community, a welcoming culture and the glory of NYC, has made it extremely attractive for Israeli startups to make NYC their homebase in the US.
According to Israeli Mapped in NY, an interactive map of Israeli startups operating in NYC developed by Guy Franklin, there are currently 350 Israeli startups with a base in New York. Most are data-driven companies, operating in fields such as enterprise software, fintech, cyber security, retail and health.
The ecosystem of Israeli startups has matured over the past few years, enabling top talent from established startups to venture out and launch their own companies. Tzvia Bader, co-founder of TrialJectory which connects cancer patients with clinical trials using AI, previously worked at TalkSpace until she felt the itch to launch her own startup. Recently, her company raised $2.7 million in seed funding led by NYC-based VC Contour Ventures. Given the amount of mature Israeli startups with a home in NYC and the local talent it nurtures, I expect this trend to take off in 2020.
Israel has moved over the past few years from Startup Nation to Scale-Up Nation. Now comes a new chapter to Israeli tech, one that includes new challenges but definitely lots of unique opportunities. If the current pace of innovation and funding continues, another great year for Israeli tech is highly likely.
SPOTLIGHT:
ISRAEL'S NATIONAL FOOD TECH CENTER
TO WORK ON FUTURE OF FOOD
Xinhuanet 2018-09-03, Editor: Liangyu, Nick Kolyohin
Israel's national food tech center, to be opened by 2019, will gather all the best minds to work on the future of food, aiming at "helping the obese western world and the starving third world."
The center, located in the northernmost Upper Galilee region on the border with Lebanon, will bring together industry, research, and academia.
"This is the first time we are establishing in Israel a special region only for food tech industry," Michal Fink, deputy director general for Strategy, Policy, and Planning at Israeli Ministry of Economy, told Xinhua.
"Our mission is to make it a flourishing technology center to deliver the world a better, healthier and affordable food technology that will both help the obese western world and the starving third world," said Fink.
Fink pointed out that the Israeli food technology startups and companies are growing fast by 13 percent annually. "In 2017, there were 224 food tech companies in Israel, compared with only 56 a decade ago."
As a "startup nation," Israel wants to make all the regions of the country part of the high-tech industry, while most of the industry is concentrated around Tel Aviv city.
Erel Margalit, founder and chairman of Jerusalem Venture Capital, established the Israel Initiative 2020, which is aimed at bringing the high-tech centers to remote parts of Israel.
After a successful establishment of cybersecurity tech center at the southern city of Be'er Sheva and media tech center at Jerusalem, Margalit is focusing on the north of Israel for his next mission.
The food technology startups and companies which will choose to operate in the region around a northern city of Kiryat Shmona will be generously granted.
"We are bringing the most significant incentives ever that any Israeli company in this category got, subsidizing 40 percent of the salaries, giving the companies free land to build their facilities and much more," Margalit told Xinhua in an interview.
Margalit, also a former Israeli politician, worked hard over years to make the north of Israel its food tech capital.
"The food industry is undergoing a significant change, and the food tech will be one of the biggest high-tech categories over the next three years. Israel is leading in food biotechnology," said Margalit.
He is seeking for big international companies to take part in the Israeli food tech, "the large companies in Europe, Asia, and the United States need primary research and significant breakthroughs to reduce sugar, starch, and gluten."
The new food tech center is envisioned to be a leading world research and development site. If the multinational's R&D centers join the northern Israeli food tech center, it can have a significant positive influence.
Ofir Benjamin from the Food Science Department of Tel Hai College, located in northern Israel, is leading the mission of establishing the National Food Research and Innovation Institute by 2020.
"The institute will be a central part of the northern food tech hub, and startups will be invited to use our equipment for their cutting-edge technologies," Benjamin told Xinhua.
The institute will initiate its research projects, and the first ones will be "to make the protein affordable and accessible to the whole world population," said Benjamin.
"We already succeeded to make a pudding dessert out of bees high-quality protein with an extraordinary nutritional value of minerals like magnesium, calcium, and potassium," Benjamin told Xinhua.
"There are places around the world where people don't have sufficient protein intake. Our goal is to make the protein affordable and accessible to everyone instead of costly meat, eggs, and milk," Benjamin added.
Moreover, instead of producing food by rearing and slaughtering animals like sheep, cows, chickens, pigs, fish, turkeys and more, the Israeli companies is struggling to find a more humane and cost-effective way.
The future food may come from high-tech plant products with less use of water, lands and energy for each kilo of food, or from small creatures like insects.
"Insects' growing process has a less adverse influence on the environment compared with poultry or livestock, and they have outstanding nutritional value with high protein level," Benjamin said.
"We are working on edible insects from which we make powder or flour, so it becomes raw material for the food industry," said Benjamin.
Although using insects could be perceived by some as a sustainable solution for an industry that doesn't want to harm livestock and fish, not everybody is happy with it.
"This technology has the potential to create massive amounts of suffering, far more than what exists today in the livestock and fish industries," Ronen Bar, the founder of Sentient, said in an interview with Xinhua.
"If insects are sentient, this could be a catastrophe, because the numbers are huge. You can make many steaks from one cow, but could need a thousand insects to make only one bug burger," said Bar.
"Eating plants will always be the environmental choice because you eat the protein directly, as opposed to feeding animals with protein and then eating them," Bar told Xinhua.
The Israeli food tech hub has many different companies in all kind of food sectors, part of them trying to make the food safer, healthier, affordable and others try to make better packages or more technological agriculture process.
ISRAEL FOODTECH: TURNING UP THE HEAT FOR 2020
AFN Amir Zaidman 2019
Not so long ago FoodTech was a nascent sector, with all but a few companies in seed and pre-seed stages. Things have dramatically changed over the past several months. We see the sector maturing, attracting funding and collaboration from global F&Bs and international VCs.
The foundation of Israeli FoodTech is supported by three strong pillars:
The first is the fact that for the past three decades, Israel has been an innovation hub and a startup nation. Those who follow are probably familiar with the stats – the density of startups in Israel is second only to the California Bay Area; the country’s ranks very high on patents per capita, engineers in the workforce and VC investments per capita; and so on.
The second pillar is a very strong AgriFood innovation background and history. Being a geo-political island, Israel had to make sure it has all the expertise for a self-sufficient food system. The most well-known case is the one of drip irrigation that was invented in Israel, but there are many others such as the invention of Israeli cuscus due to a shortage in the availability of rice.
The third pillar is of a cultural nature. Israeli entrepreneurs are very agile. They want to do great things and solve big problems. They want to “do good” and they will start their next venture in a sector where they can make an impact and raise funding.
Add to that the progressive nature of Israel’s leading food company, the Strauss-Group, by supporting FoodTech startups through The Kitchen; and the support from the Israeli government through the Innovation Authority and there is almost a perfect storm for FoodTech to emerge as a strong innovation sector in Israel.
Long before it was called FoodTech, as early as the late 1990s, Israeli entrepreneurs were establishing startup companies developing technologies for the food industry. Companies such as Enzymotec, Lycored and Algatechnology. However, the recognition of FoodTech as a legitimate, stand-alone startup sector came during the last decade, and in full force since 2014. The trailblazers of this new wave were companies such as DouxMatok, TIPA compostable packages, Bio Harvest and Hinoman. All of these companies have moved on to raise significant funding.
ISRAEL FOODTECH TODAY
So, how strong is the Israeli FoodTech scene today? Here is a roundup of some of the recent big moves and funding rounds in Israeli FoodTech.
PACKAGING
TIPA, the inventor of compostable packages, concluded a Series C of $25 million, bringing its total funding to $48.5 million.
MEAT AND DAIRY ALTERNATIVES
In the area of cultivated meat, Aleph Farms had raised a $12 million Series A to advance its cultivated steaks, while Future Meat Technologies secured $14 million for taking cultivated fat tissue to market.
In a related space, Redefine Meat, which is developing a 3D printing technology for plant-based meat, had raised $6 million from CPT Capital which is an early investor in companies such as Beyond Meat and Impossible Foods, the poultry processing giant PHW Group and others. Zero Egg, developing a plant-based egg and Rilbite with a unique six-ingredient plant-based minced meat, both raised undisclosed extended seed financing rounds.
Other alternative protein sectors are also flourishing in Israel. Hinoman, growing a unique proprietary protein-rich plant called Mankai, raised $15 million. It is well known that Israelis love Hummus, so it is no big surprise to see two Israeli startup developing protein solutions from Chick-Pea. InnovoPro raised $4.25 million last year while ChickP, which recently came out of stealth mode, raised an undisclosed amount. There’s also news in the insect-based protein front where Flying Spark recently announced a collaboration and investment agreement with Thai Union, one of the worlds largest seafood producers.
PERSONALIZED NUTRITION
In personalized nutrition, DayTwo, promoting nutrition based on gut microbiome analysis, secured a Series B round of $36 million, which brings its total funding to $58 million. Another company in this space is Lumen, which develops a device for measuring metabolism in real-time, and providing nutritional recommendations based on that analysis. The company recently concluded a $8.5 million Series B round, bringing its total funding to close to $20 million.
SUGAR
A few Israeli FoodTech startups had shown great progress in developing solutions to our addiction to sugar. DouxMatok, which is developing low calorie sugar had recently completed its Series B funding of $22 million. It also announced a collaboration with sugar giant Südzucker. Amai Proteins is developing protein-based sweeteners, which are coveted by the beverage and dairy industries. This startup has announced collaborations with many F&Bs including giants such as PepsiCo and Danone. Another avenue for reducing sugars is by eliminating them from foods that are naturally very high in sugar, such as fruit juices. Better Juice is a startup that does exactly that. The company had recently signed a collaboration and investment agreement with orange juice giant CitroSuco.
DATA AND AI
Better food through data, robotics and vision – a few Israeli FoodTech startups had recently announced major advancements in this space. TasteWise is developing consumer intelligence platform for food innovation and recently announced Series A funding of $5 million. Trellis is another startup in this field providing AI-powered food production optimization for potato chips and wine producers. Providing an improved grocery shopping solution is also a focus area for Israeli startups, both for online as well as for physical shopping. Trigo Vision recently secured $22 million in Series A funding bringing its total funding to $29 million. The company is developing a no-checkout shopping solution and had recently announced a partnership with British retail giant Tesco. Optimizing logistics for online grocery shopping is the challenge that Fabric (formerly known as CommonSense Robotics) had decided to tackle. The company had recently raised $110 million B round, bringing its total funding to close to $140 million. Fabric builds robotic-driven micro-fulfillment centers that position logistics centers close to consumers.
Proteins and sweeteners, environment and nutrition, online and offline, personalization and optimization. It seems Israeli FoodTech startups are making giant leaps forward on all fronts. Is Israel’s FoodTech scene really that strong? I believe the answer is a resounding YES.
Science and Technology in Israel Wikipedia
Israeli Tech Firm Targets Passenger Drones By 2020 Avweb
Cars could be powered by water with new Israeli technology, Israel 21c, Brian Blum, November 8, 2018
New Tech Blog Israel New Tech
ISRAEL - NEW TECHNOLOGY
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