Business And Innovation

Business technology news and views. A look at Israel's hottest new technology trends, startup innovation and entrepreneurship.

Ravi Jacob, ex Intel executive joins Snatch App as chairman of the Company.

Snatch App, announced that Ravi Jacob has joined as chairman of both the company and the board.

Investment in the shadow of coronavirus: How to get lemonade from lemons?

What's the advantage in investing in the stock market?

By ELI GROSS
23/03/2020
The food industry: A consuming passion

By JASON BLACKSHAW
12/03/2020
Moving ads (in more ways than one)

By JASON BLACKSHAW
05/03/2020
JVP, pharma giant AstraZeneca launch digital health platform

The program will focus on a wide range of clinical and non-clinical areas of practice to develop breakthrough technologies, including cancer, lung disease, and cardiovascular disease.

25/02/2020
A CYBER hotline facility, part of Israel’s hi-tech innovative sector
Federation of Local Authorities in Israel holds fourth MUNI EXPO

Professionals will share their expertise on a wide range of topics inlcuding cyber security, combating hate crime,and ground-breaking technologies.

By JERUSALEM POST STAFF
12/02/2020
Mickey Gurdus in his Tel Aviv studio in 1990
A man whose talents the military relied on for eavesdropping and more

How much they leaned on his information, and how much it contributed to their efforts, we’ll probably never know.

By GIDEON REMEZ
11/02/2020
An illustration of a parking garage gate opening.
US-based Arrive taps Israeli innovation to accelerate parking solutions

The mobility start-up first established a permanent presence in Israel with the acquisition of Tel Aviv-based mobile payment platform CodiPark in May 2018.

11/02/2020
KKL-JNF’s project to develop Negev and Galilee into economic oasis

Everyone knows that the Galilee and the Negev should be Israel's economic growth engines in the coming years

The Hydrop solution being dropped from on board a Croman aerial fire suppression helicopter.
Elbit Systems solution to allow planes to fight fires 24/7

Elbit Systems HyDrop solution enables, for the first time, continuous operations “to fight fires 24/7 and especially during the night.”

Design dreams set in stone

Today, a virtual design dream can become a concrete reality. With Corian and state-of-the-art technology, it is possible to create practically anything -- any design, motif or object.

By JASON BLACKSHAW
02/02/2020
Smart phone
Israel’s HelpAround announces $6 million financing round

The company says it will “accelerate its growth into the specialty drug market”

Accelmed Ventures II managing partner Dr. Irit Yaniv (L) and partner Amir Blatt
Accelerating interest: 'Everyone is converging in the healthtech space'

"We see a lot of convergence. We are looking at companies together with pharma companies, and examining companies together with some of the tech companies."

16/01/2020
Small accommodations are rising: how they get supplies like the big ones

The tourist industry is very important to the local economy. It is a very vibrant, fast-growing industry. The number of tourists coming to Israel has been increasing rapidly over the past years.

By JASON BLACKSHAW
15/01/2020
The many pluses of plasterboard

If you are planning to build a new home or to renovate an existing one, consider using plasterboard products.

By JASON BLACKSHAW
15/01/2020
OrCam Technologies to debut AI-based, wearable hearing and optical aides

Shashua and Aviram's previous start-up, Mobileye, claimed the title for largest Israeli IPO ever, and in August 2017, Intel acquired Mobileye for an unprecedented valuation of approximately $15.3B

Israelis run for shelter as a siren sounds during a rocket attack near Yad Mordechai at the Israeli
Coming soon: App that displays rocket alerts on streaming services

Two 15-year-old Israelis developed an app that would allow any Android supporting system that operates online to alert when a rocket alarm goes off in real time.

Changemaker nation?
The secret of Israeli innovation, what does that spell for the future?

“Ashoka exists to help people find their inner changemaker,” she told me. I quickly learned that is not an empty phrase.

By SHLOMO MAITAL
24/12/2019
Climate control at your feet The evolution of underfloor heating systems

Israel is considered a hot country; it is generally very warm most of the year.

By JASON BLACKSHAW
23/12/2019
U.S. President Trump speaks with Congressional Republicans at the White House in Washington
Will Trump impeachment sink the stock market?

Never make predictions, especially about the future. – Casey Stengel

By AARON KATSMAN
20/12/2019
An illustration of Robin's smartphone app
Israeli start-up Robin eyes global future for finance app

When it comes to managing long-term finances - from pensions to insurance and investment - every percent counts.

12/12/2019
Technology makes the world go round

In the not so distant past, people used to say that money makes the world go round.

By JASON BLACKSHAW
12/12/2019
Cyber giant Check Point acquires Jerusalem start-up Protego

"On their journey to cloud transformation, organizations require a new security paradigm to protect against 5th and 6th generation of cyber attacks."

02/12/2019
Haifa bay
Mellanox, JVP partner to develop Haifa into new tech hub

On Monday, the Israel Innovation Authority (IIA) announced that the ILAB Group had won a competitive tender to develop technological innovation in the city.

20/11/2019
Closeup of the handpiece of a Lumenis One Intense Pulsed Light (IPL) machine.
Baring Private Equity Asia to buy medical device maker Lumenis

Lumenis develops minimally invasive clinical devices for the aesthetic, surgical and ophthalmology specialties.

By REUTERS
20/11/2019
Tikkun Olam Makers
Abba Eban Institute to award Tikkun Olam Makers for repairing the world

The award, established by the Abba Eban Institute for International Diplomacy at the IDC Herzliya, will be presented at the Jerusalem Post Diplomatic Conference on Thursday, November 21 in Jerusalem.

The road ahead for self-driving cars

Self-driving cars, or autonomous vehicles (AVs), connected and autonomous vehicles (CAVs), driverless cars, robo-cars or robotic cars, appear to be the upcoming thing.

By JASON BLACKSHAW
17/11/2019
A Toyota's electric vehicle (EV) concept RHOMBUS is displayed during the media day for Shanghai auto
Toyota partners with Israel's OurCrowd to hunt for innovation

“The future belongs to the bold who are implementing game-changing technologies,” said Minoru Murata, executive vice president, regional CEO and CTO of Toyota Tsusho.

24/10/2019
money
Israel gains 20,000 millionaires, average wealth increases - study

"Wealth" is defined by the annual report as the value of financial assets plus real assets – particularly housing – owned by households, minus their debt.

22/10/2019
JOEL S. TELPNER
Blockchain – the building block of future tech

"There are a lot of ways that blockchain technology can make our lives better, and make things easier to do,” says Joel S. Telpner.

Jones co-founders Michael Rodman (L) and Omri Stern (R)
WeWork, JLL invest in Israeli property tech start-up Jones

Additional investors include New York-based MetaProp Ventures, American-Israeli Ground Up Ventures and California-headquartered 500 Startups.

15/10/2019
Your Investments: Yom Kippur: Confessing financial sins

Understanding our short-comings is just step one to self-improvement.

By AARON KATSMAN
03/10/2019
Leket Israel volunteers gather food.
Idit, Rafael join Leket to salvage food

Idit CEO Ran Katzman said, “We see great value in helping disadvantaged populations, and we are pleased and we thank Rafael for joining in on this important project.”

By JERUSALEM POST STAFF
03/10/2019
US tax form
Your Taxes: What a shame it’s a sham

The founders of Israeli tech companies dream of their shares being acquired at a big gain by a multinational on which they pay tax.

By LEON HARRIS
03/10/2019
Q Core Medical's infusion pump
Hillel's Tech Corner: Keeping patients pumped up

When it comes to patient care, technology is already changing so many aspects of the healthcare world, but one device has gone unnoticed and un-disrupted by technology.

03/10/2019
AI ROBOT Nao teaches ‘TechTalk’ host and executive producer Jonny Caplan how to do Tai Chi in the Cu
Putting the media focus on Israeli tech

The first season of TechTalk will highlight over fifty cutting-edge Israeli companies, showcasing revolutionary technological innovations, from flying taxis to robots for the elderly.

By NADINE WOJAKOVSKI
01/10/2019
SHMULIK ZYSMAN
TLV Sohn Conference brings in financial leaders

The forecasts presented at the Conference in recent years have proven their success.

By JERUSALEM POST STAFF
26/09/2019
Can Wordeep’s AI Make Non-natives Speak Like Native English Speakers?

John drove on his car. They ride in the bus. For someone who does not speak English perfectly, the first two sentences might seem just fine.

By JONATHAN MIMOUNI
02/10/2019
Trigo co-founders Michael Gabay (L) and Daniel Gabay (R)
Trigo raises $22m. in drive to realize autonomous retail future

Trigo uses artificial intelligence and computer vision technologies to eliminate the need for checkouts and product scanning.

18/09/2019
WeWork owners to add first woman to board

The We Company had originally planned to go public with an all-male seven-member board, a practice major investors frown upon, saying more diverse boards make better decisions.

By REUTERS
05/09/2019
Senior Israelis play table tennis as they take part in games for people over 65 years old, organized
Data is in: It’s up to you to save for retirement

There are many reasons for this discrepancy, and the solution is not for the government to increase Bituach Leumi benefits substantially.

By AARON KATSMAN
29/08/2019
LLCs Are Not Straightforward

Your taxes

By LEON HARRIS
29/08/2019
 A coin representing the bitcoin cryptocurrency is seen on computer circuit boards in this illustrat
Your Taxes: Crypto to be chronicled

New FATF pronouncement shakes up the cryptocurrency market

By LEON HARRIS
22/08/2019
Israeli currency.
Stop wallowing in self-pity and take control of your finances

In life, you can blame a lot of people and wallow in self-pity, or you can pick yourself up and say, ‘Listen, I have to be responsible for myself.’” – Howard Schultz

By AARON KATSMAN
22/08/2019
Hillel's Tech Corner: MDGo: Car accidents are no match for AI and ML

MDGo's latest innovation is proving to be a big help in every way from medical imaging, to drug discovery, to medication management, and even robotic surgery.

23/08/2019
Why Israel is automotive tech’s global engine

Leading carmakers realize Tel Aviv’s mobility tech hub is here to stay

26/08/2019
Facebook COO Sheryl Sandberg (L) and Facebook Israel general manager Adi Soffer Teeni (R) inaugurate
Facebook launches Tel Aviv 'Playground' to boost local innovation

"This country is not just deeply meaningful for me, but also for Facebook," said Sheryl Sandberg, the chief operating officer of Facebook, who briefly lived in Israel as a young child.

15/08/2019
Seeking innovation, Defense Ministry launches start-up hub

The hub will seek to strengthen the relationship between Israel's civilian and defense markets.

13/08/2019
Uber loses $5 billion, misses Wall Street targets despite easing price war

The amount passengers spent on trips rose 20% while the amount Uber kept after paying its drivers increased just 4%.

By REUTERS
09/08/2019
Tel Aviv University campus
Building interdisciplinary bridges to create an innovative future

Tel Aviv University is busy breaking down barriers between faculties that previously enjoyed little interaction.

07/08/2019
Study: Increasing number of primary household earners overworked

"[The low-wage group] works overtime as a result of economic constraints," Endeweld wrote.

06/08/2019
Your Investments: We need to appreciate all we have in Israel

Israel is in a much better position than most countries around the world.

By AARON KATSMAN
01/08/2019
US tax form
Your Taxes: Court upholds tax amnesty stinger

The case was a general class action alleging the ITA lacked authority to go back more than 10 years according to criminal rules in the Income Tax Ordinance.

By LEON HARRIS
01/08/2019
Tel Aviv-based monday.com raises $150m. in latest funding round

‘We intend to use this funding round to continue our growth, to build our sales force and perhaps open more offices in the US and Europe.’

30/07/2019
Adv. Shmulik Zysman
Israeli tech companies raise record amount in 2019

In the second quarter, VC-backed deals notched a record $1.81 billion in 73 deals, accounting for 78% of the total amount raised in the quarter.

People drink from a Watergen machine in Florida after Hurricane Irma, September 2017
Watergen partners with Flint, Michigan where water quality is 'third-world'

"For the past five years, there have been solutions promised to the community by many, yet no one has delivered," said Armstrong Williams.

California Senator Kamala Harris
Your Investments: Want a bright future? Study the past

“Those who cannot remember the past are condemned to repeat it.” – George Santayana

By AARON KATSMAN
11/07/2019
Chief Executive Officer of PepsiCo Ramon Laguarta with Daniel Birnbaum, SodaStream CEO.
PepsiCo CEO: Sodastream growth exceeding our expectations

CEO Daniel Birnbaum and other SodaStream executive officers remained at the company following the completion of the acquisition.

11/07/2019
Holocaust survivor Edward Mosberg and granddaughter light a memorial torch at the Yom Hashoah ceremo
AI to preserve Holocaust survivors stories long beyond their years

“With antisemitism on the rise, it’s crucial we keep the haunting memories and lessons of the Holocaust alive to ensure what our people endured is never forgotten," said Professor Dina Porat.

Beresheet space technology to assist Moon delivery missions

"Having access to flight proven lunar lander technology and the expertise of IAI engineers makes Firefly well placed to gain a foothold in the cislunar market," said Firefly CEO Dr. Tom Markusic.

10/07/2019
Prime Minister Benjamin Netanyahu and Chinese VP Wang Qishan attend the Committee on Innovation in I
Time for Israel to understand China better, says TAU professor

“In a situation where understanding China seems to be of great importance to Israel, in the past couple of years, we have seen a decrease in numbers of students who study it.”

Smart Cabinet – The New Technologies in your Wardrobe

When thinking of a smart home, what comes to mind are various sophisticated devices; however, technological development hasn’t stopped there. It has spread to sliding door wardrobes as well.

By ELIAN BRAT
07/07/2019
Shekel Brainweigh's artificial intelligence-based Innovendi vending machine
Shekel weighs in on autonomous retail revolution

According to a report by consulting firm McKinsey, more than 80% of US retail sales in 2020 will still occur within the four walls of a store.

01/07/2019
Genoox
Hillel's Tech Corner: A solution for an abundance of data

Genoox removes the final barrier to widespread, timely interpretation of clinical NGS data, enabling personalized medicine for mainstream patient care.

30/06/2019
prooV: Removing barriers to speedy innovation

prooV co-founders Toby Olshanetsky and Alexey Sapozhnikov know first-hand the pains of proof-of-concept testing.

23/06/2019
Your Investments: Do you plan more for summer vacation than retirement?

‘There’s no vacation from being a parent.” – Chevy Chase

By AARON KATSMAN
20/06/2019
Cables and computers are seen inside a data centre at an office in the heart of the financial distri
Israel to assist developing countries improve cyber resilience

"There is great demand from African and Asian countries for Israeli knowledge in the field of cyberspace," said National Cyber Directorate director-general Yigal Unna.

18/06/2019
Prof. Rafi Beyar speaks at the Jerusalem Post Conference
The World of Innovation at Rambam Health Care Campus

Haifa hospital is creating the future of medicine, not only for Israel’s north, but for the entire world.

Investment graph
Your Investments: Pomp, circumstance, and financial security

Never go to your high school reunion pregnant or they will think that is all you have done since you graduated –Erma Bombeck

By AARON KATSMAN
13/06/2019
Israel’s Fiverr lists on NYSE

The company is not yet profitable and lost $36 million in 2018. In the first quarter of 2019, Fiverr lost $5.4 million, Globes reported.

By JERUSALEM POST STAFF
13/06/2019
A man holds a laptop computer as cyber code is projected on him
Brewer AB InBev opens Israeli cyber unit

“With increasing digitalization, we have to be prepared to defend against anything coming,” he said.

By REUTERS
13/06/2019
"Kan," the new public broadcaster's logo.
Shviro Holon builds KAN TV studio

Yair Shviro, CEO of Shviro Holon, said that the entire transparent studio will be anchored in a 4 ton steel system to provide absolute stability to the studio.

By JERUSALEM POST STAFF
12/06/2019
Yandex's autonomous car on a test drive in Tel Aviv, June 12, 2019
Yandex's self-driving car hits the streets of Tel Aviv - watch

"Tel Aviv is a very interesting place for us because we have some road conditions that we didn’t experience in our domestic markets," Artem Fokin head of business development said.

12/06/2019
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas, in August
How augmented reality is transforming the oil industry

Israeli company Fieldbit among many firms providing technology aimed at helping field technicians fix issues and prevent oil spills.

By MAYA MARGIT/THE MEDIA LINE
07/06/2019
Trigo Vision's pilot store at the company's Tel Aviv headquarters
Israeli start-ups keeping stores relevant in the Age of Amazon

While Amazon's expansion may give cause for concern, traditional street shopping is certainly not going anywhere soon.

04/06/2019
Bizzabo co-founders Alon Alroy (L), Eran Ben-Shushan (C) and Boaz Katz (R)
Bizzabo builds a market for event success solutions

Unlike the precise data offered by digital marketing and online sales, companies have struggled to gain insights into the benefits of networking and corporate exposure at conferences.

02/06/2019
Google CEO Sundar Pichai and Philipp Justus, Google Vice President for Central Europe and the German
U.S. Justice Department prepares Google antitrust probe -sources

The potential investigation represents the latest attack on a tech company by the Trump administration.

By REUTERS
01/06/2019
Israel Advanced Technology Industries co-chair Erez Tsur
Repeat elections bring ‘real fear of economic paralysis,’ to cost NIS 2b.

The association estimates that repeat elections will cost the economy as much as NIS 2 billion, also highlighting the economic impact resulting from another paid national holiday on Election Day.

30/05/2019
THE MS Insignia, which docked at Haifa Port last week.
Norwegian Cruise Lines president: We want to double Israeli market

Last week, MS Insignia, the Regatta-class cruise ship of Norwegian Cruise Line brand Oceania, arrived at Haifa Port for the first time since its $180 million renovation and upgrade.

By JERUSALEM POST STAFF
28/05/2019
 Marisa Drew, CEO Impact Advisory and Finance at Credit Suisse addresses the Israel Impact Summit, M
Millennials driving new era of investments with an impact

According to a global report published this month, an overwhelming 97% of the Next Generation – either Gen Y or Gen Z – are interested in actively managing their family's investments.

30/05/2019
Yaakov Nahmias, founder and chief scientist of Future Meat Technologies, holds laboratory-grown fat
International partnership to invest $100m. in Israeli foodtech innovation

"Foodtech is now one of the hottest dishes on the Israeli innovation menu," said OurCrowd CEO Jon Medved.

28/05/2019
Israeli currency.
Your investments: Get a raise? Beware of ‘lifestyle creep’

I think my top salary was maybe in 1966. I made $17,000 and 11 of that came from selling other players’ equipment.– Bob Uecker

By AARON KATSMAN
23/05/2019
Money
Your taxes: Will robots replace tax officials?

There are many opportunities to be realized through the use of APIs

By LEON HARRIS
23/05/2019
Catered event
Food transparency is the latest trend in catered business events

Whether you’re about to produce a business event, corporate meeting, conference or gathering - Summer 2019 is your chance to show you value your participants, good food and the environment.

By ELIAN BRAT
22/05/2019
People queue at rental car desks at the international airport in Munich
Energy giant Shell makes first Israeli investment, backs AI start-up Ravin

The technology can detect more damage than humans can, Ravin says, while significantly reducing inspection costs.

22/05/2019
Spotlight on Israeli startups - Corneat Vision - artificial cornea

Corneat Vision can help over 60 million blind eyes around the world.

By JERUSALEM POST STAFF
21/05/2019
OrbiMed Israel managing director Anat Naschitz
Israeli digital health innovation a 'compelling opportunity' for investors

Digital health start-ups raised a record $511m. in financing in 2018, and already raised some $214m. during the first quarter of 2019.

11/05/2019
(From left) Bonobo.ai co-founders Ohad Hen, Idan Tsitiat, Efrat Rapoport and Barak Goldstein
Salesforce acquires Israeli conversational AI start-up Bonobo

In November 2018, the company announced it had raised $4.5m. in seed funding, led by G20 Ventures and Capri Ventures.

07/05/2019
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