INTSITE | Enhancing Safety and Efficiency of Heavy Machinery with AI-powered Automation

INTSITE employs artificial intelligence and deep learning to optimize and automate the machinery at the center of worksites in industries focused on heavy machinery, such as construction, mining, and container ports. Originally developed as a guidance system and smart dashboard for construction cranes, INTSITEs technology has rapidly expanded to other industries in which suboptimal heavy machine usage creates similar challenges to efficiency and profitability. INTSITE’s patent-pending technology combines computer vision, deep learning, and aerospace algorithms with off-the-shelf hardware (cameras and other sensors) to transform heavy machinery into smart and autonomous robots quickly and cost-effectively. Safety and performance are enhanced as the machinery becomes smarter, estimating the machines posture and visual perception. By connecting all of INTSITEs machines to the cloud, a vast network of heavy machinery is created at worksites worldwide, enabling data-driven decisions and allowing worksite activity to be monitored in real time.

INTSITE will be exhibiting their product at Bauma in Munich, Germany on October 24th. If you are planning on attending the event this year you should head to their booth (A2.607).

Israeli SentinelOne to Invest $100M to Advance Enterprise Cyber Security and Data Innovation

SentinelOne has announced the launch of S Ventures, a $100 million fund to invest in the next generation of category-defining security and data companies.

According to SentinelOne, S Ventures will be investing across all stages of the start-up lifecycle with a focus on security and data companies that bring innovative use cases to the Singularity Marketplace, the company’s open application ecosystem allowing security teams to extend Singularity XDR use cases.

The new S Ventures investments include:

  • Armorblox, a disruptive API-based email security platform that leverages machine learning and natural language processing to detect and prevent sophisticated threats.
  • Noetic Cyber, the continuous cyber asset management and controls platform that provides teams with unified visibility and actionable insights into the security posture of all assets across their cloud and on-premises systems.

“With the investment from S Ventures, and our integration with the Singularity XDR platform, detailed threat intelligence about email-based attacks and data exfiltration attempts that Armorblox stops can now be used to automate further investigation and response,” DJ Sampath, co-founder and CEO of Armorblox, explained.

“Together with S Ventures and Singularity XDR, we’re empowering security teams with critical insights and asset intelligence to help them better manage their attack surface and reduce cyber risk,” Paul Ayers, co-founder and CEO of Noetic Cyber, added.

These investments join S Ventures portfolio companies Torq — a no-code security automation platform accelerating complex threat response workflows — and Laminar, a platform providing full data observability across the entire public cloud to reduce the attack surface and detect real-time data leaks.

In addition to providing strategic capital, SentinelOne aims to assist with foster innovation for portfolio companies by accelerating route-to-market and engineering scaling experience.

Start-ups gain enhanced exposure in the Singularity Marketplace and SentinelOne technology ecosystem, and benefit from joint marketing and SentinelOne Partner Network opportunities.

The Rise of Chickpea. CEO of Innovopro, Taly Nechushtan

CEO Taly Nechushtan of Innovopro is on The Plantbased Business Hour with Elysabeth Alfano. Want to know all things chickpea? They discuss the world of chickpeas and how this ingredient is going to change the landscape of the plant-based protein industry.

Specifically, they discuss

  1. The nutritional properties of chickpea for both people and soil?
  2. What are the demands for chickpea and are they consumer or industry driven?
  3. Which plant-based trend is here to stay?
  4. How are plant-based proteins, business strategies in the industry, and sustainability initiatives woven together?
  5. Taly’s predictions for the ingredients market.

Here is a short clip and transcript from their conversation. Podcast here.

Elysabeth: I wonder if you could run through for us, both for people and for soil, some of the benefits of not monocropping, so getting away from soy and wheat, and what particularly chickpea offers that maybe other legumes don’t.

Taly Nechushtan: So, for farmers and the soil area, chickpea as a legume brings back nitrogen to the earth. farmers tend to have rotational crops. They have one that takes the nitrogen out, like wheat, and then they need a rotation at the end of the year to bring back the nitrogen to the soil. Chickpeas are doing that, and this is why farmers love chickpeas and consumers do, too. We already mentioned that there is a growing affection for this legume. And I think that CPGs are now chasing the new trends that consumers are now establishing, and they want their food to be healthy and they want their food to have a clean label. I think this is the uniqueness that chickpea protein is offering. It’s a very strong emulsifier that combines oil and water together. So, by using chickpea protein in a product, you can take unwanted ingredients out of the recipes like modified starches, and many more. 

Instead of having a pudding with twenty ingredients in it when you eat soy or even pea protein yogurt, for example, if you want a plant-based yogurt, in order to mask the taste of those products you sometimes have to add a lot of things. And since chickpea protein has a neutral taste and since it is a strong emulsifier, you only need six to eight ingredients. You get a healthy and short recipe and I think this is what consumers would like to see. They would like to know that chickpeas are grown next to their area of course for localism, and that the chickpea protein is produced also in their territory, but I think for health reasons they want their recipe to be a clean label one.

This is a trend now that even Whole Foods declared chickpeas are one of their ten food trends of the future because consumers are considering it as a healthy nutritious superfood.

Elysabeth: Yeah, it’s amazing what you say, that chickpea has no taste.

Taly Nechushtan: Chickpea protein doesn’t. Chickpeas do have taste.

Elysabeth: Yes, as an ingredient that you would not have to mask. Pea as an ingredient has a lot of negative tastes that manufacturers are constantly trying to mask. And I’ve actually had chickpea pudding and I never would have thought that chickpeas would have been a base for a pudding, but it was actually extremely good. It was a chocolate orange pudding based on chickpeas.  I love the versatility. I guess is what I’m saying of the ingredient is, of course I love that it’s not a mono-cropped ingredient and that it’s such a nutritious and healthy ingredient.

Elysabeth Alfano is the CEO of VegTech™ Invest, the advisor to the VegTech™ Plant-based Innovation & Climate ETF, EATV. She is also the founder of Plant Powered Consulting and the Host of the Plantbased Business Hour.  

MIXiii Health-Tech.IL

Wednesday November 9, 2022 – Thursday November 10, 2022

THE EVENT

MIXiii Health-Tech.IL is the annual get together Event for the Life Science & Health Tech Industries in Israel. The MIXiii Health-Tech.IL, organized and led by IATI, will take place at the International Convention Center – ICC Jerusalem on November 9-10, 2022. The Conference, organized by the industry and for the industry, consists of a conference, exhibition, B2B meetings, networking, and satellite events.

IATI

IATI is Israel’s umbrella organization of the life science, high-tech and other advanced technology industries, with members from every level and aspect of the ecosystem including Venture Capital Funds, Israeli Growth and Mature Companies, R&D Centers of MNC’s, Start-Ups, Incubators, Tech Transfer Organizations, Academic Institutions, Innovation Centers, Hospitals, Municipalities, Economic Development Offices, Service Providers and more.

Through its broad range of members, IATI connects Israel’s tech ecosystem, provides solutions and support at all levels, and integrates the various sectors of the industry with strategic and ongoing governmental goals.

Sea the Future | The 1st International Summit on Food from the Sea & the Desert

https://www.agrisrael-sea-desert.org/

Bringing together international experts for inspirational lectures, exhibitions, posters & professional tours.

Addressing challenges to global sustainable and integrated aquaculture and desert agriculture, while presenting promising solutions and cutting-edge technology platforms. ​

Offering solutions to the ever-growing demand for sea food, while reducing worldwide fishing pressure on oceans and increasing production in marine and desert environments.

The event assembles all stakeholders of this critical ecosystem at one venue. It offers an opportunity to examine the latest progress in Israel’s research and that of global academies, experienced companies in the industry as well as emerging new companies, innovative start-ups, investors, entrepreneurs, and government representatives.

Exciting partnerships expanding across borders with representatives from 10 countries in the region and the world. You are invited to join with them to network and to exchange knowledge.

Hailo | AI Processor for Edge Devices

Hailo is developing a microprocessor designed to deliver data-center performance to edge devices by using proprietary technology for deep-learning applications. The processor fits into embedded devices, enabling them to process high-resolution video and other high-throughput streams in real time using deep-learning algorithms while operating at low power consumption, size, and cost. Hailos AI processor is designed to fit into smart devices in a variety of industries and use cases including automotive, smart cities, retail, and Industry 4.0. Hailo’s mission is to enable smart edge technologies reach their full potential. The solution Hailo presents bridges the gap between existing and future AI technologies and the compute capacity needed to power these applications. The company is focused on building AI processors efficient and compact enough to compute and interpret vast amounts of data in real-time — processors that can be embedded in the edge devices themselves. Now, complicated AI applications that could previously only run on the cloud are made possible to run on the edge, and the best part – with a fraction of the power consumption. Hailo was named a cool vendor in Cool Vendors in AI Semiconductors, 2020 by the Gartner Research Group.

Israel – a hot country helping to cool the planet

There is no avoiding the issue of climate change and imperatively, the issue is being increasingly prioritized on the international agenda. In May of this year, a new study led by the Weizmann Institute of Science concluded that storms in the Southern Hemisphere have already reached intensity levels previously predicted to occur only in the year 2080. In short, the report indicated, worryingly, that the Earth’s climate is changing even faster than predicted.

Much needs to be done globally. In Israel, the climate issue has always been a consideration. Its arid climate and shortage of natural resources forced Israel to be creative in the spheres of energy and water management. Since the 1950’s solar panels have been used to heat water in close to 90% of homes while the country’s water revolution was accomplished through a combination of national water conservation campaigns, reusing water for agricultural purposes, and the construction of energy-efficient desalination plants.

As they have done in other sectors, such as water and cybersecurity, Israeli policymakers and industries collaborated, not only to tackle challenges, but also to stimulate industry sector evolution by supporting innovation, growing indigenous companies, and ultimately creating solutions for the domestic market and global export. The significant report: Israel’s State of Climate Tech 2021 by the Israel Innovation Authority and PLANETTech – a nonprofit innovation community for climate change technologies – reaffirmed this collaborative commitment. 

Today, according to Startup Nation Central, Israel is home to more than 700 companies that offer “ClimateTech” solutions that transcend many sectors such as Manufacturing, Construction, Alternative Food, Agriculture, Transport and Mobility, and Water. Among those are companies such as: 

Electriq~Global https://www.electriq.com has developed a fuel that comprises 60% water. The company’s process technology extracts hydrogen from liquid fuel, which is then harnessed to create electricity to power vehicles.

Tomorrow – https://www.tomorrow.io/space/ whose technology aims to democratize access to global weather forecasting and enable organizations to prepare for and mitigate the business impact of weather.

ECOncrete- http://www.econcretetech.com/ which produces bio-enhancing concrete technology that supports biodiversity, and carbon storage, and offers superior structural performance to any concrete marine infrastructure. 

Electreon- https://electreon.com/ is a leading provider of wireless charging solutions and end-to-end electric vehicle (EV) charging infrastructure to global partners, regional municipalities, Departments of Transportation, and fleet operators. Electron currently operates a first-of-a-kind wireless Electric Road and stationary charging station in Tel Aviv.

In addition to this, many multinational companies, such as Mercedes Benz, Asos, Hitachi, and Uber are partnering with Israeli climate-tech solutions companies, further amplifying their impact around the world. 

This type of global interaction and cooperation is essential and it can also offer economic and technological development and opportunity. To quote President Issac Herzog, who launched the Israeli Climate Forum earlier this year; “The global climate crisis is here with full force, and it is getting worse. We have a mighty mission, and we will rise to it only if we work together, in an Israeli partnership, in a Middle Eastern partnership, and a partnership of all of humanity.”

Investing in the Future of Medicine

At an estimated $6.2 billion, Israel’s healthcare technology industry is a global leader in innovations across various medical fields. With over 1,400 digital health start-ups to date, Israel ranks 5th in the world according to the World Index for Healthcare Innovation. 

Investors have taken notice of such success. According to a recent survey conducted by McKinsey & Company group of Israeli venture capital funds and investment bodies, 60 percent of investors said they expect to invest more in digital health in 2022, with only 4 percent expecting to invest less than in 2021. These findings are particularly significant due to record-breaking fundraising throughout 2021.

One particularly notable example of such investment is the recent announcement by Israeli medical investment firm Peregrine Ventures. Together with partners Bristol Myers Squibb, Shaarei Tzedek Medical Hospital, Tel Aviv University, and more, Peregrine recently announced over 300 million NIS (90 million USD) in investment for the development of medical therapeutics, devices, and pharmaceuticals. The fund will also focus on advanced diagnostics for identification, monitoring, and personalized medicine. 

As stated by Eyal Lifschitz, Managing Partner and Co-Founder of Peregrine Ventures, “The establishment of this consortium will enrich and diversify our ability to lead young life sciences ventures, support them financially in every phase of their lifecycle including follow-on investments in their growth stages, and lead them to success in the global market. This is an integrated, global, and elite team that has the confidence in the ability of Israeli entrepreneurs to develop the next generation of successful medical companies.”

Peregrine Ventures‘ startup incubator, Incentive Technology Incubator, already has an impressive track record. 34 of the 60 companies established in Incentive remain active, and the graduated companies have reached a combined $5 billion. Valtech Cardio, a particularly successful graduate, was sold to Edwards Lifesciences for $690 million in 2017.

The recent investment announcement by Peregrine Ventures and partners will further cement Israel as a global center for medical innovation. Below is a list of successful Israeli medical startups who have benefited from Peregrine Ventures’ Incentive Technology Incubator:

Valtech Cardio specializes in the development of devices for mitral valve repair and replacement. The company’s Cardinal facilitates implantation and suturing that is very similar to that of regular annuloplasty rings, performed through the left atrium. The Cardinal’s ring is attached to a patented, ergonomically designed, flexible handle, which enables the surgeon to control the ring size.

CartiHeal develops proprietary implants for the treatment of cartilage and osteochondral defects in traumatic and osteoarthritic joints. CartiHeal’s cell-free, off-the-shelf implant, Agili-C, is CE marked for use in cartilage and osteochondral defects. Agili-C is a rigid, biphasic, biodegradable implant. The bone phase of the implant is composed of calcium carbonate in aragonite crystalline form, a well-known biomaterial that enhances bone formation. The cartilage phase is a composite of modified aragonite and hyaluronic acid.

Cardiovalve is developing cardiovascular replacement devices for minimally invasive surgery. Its flagship system is designed to replace the mitral valve using a transfemoral system. Cardiovalve is designed from the bottom up for transfemoral/transseptal delivery with femoral venous access. This approach offers significant benefits including a short profile for minimal protrusion to the left ventricle, minimizing interference in the cardiac blood flow, and increased safety.

Eximo Medical is developing hybrid catheter technology for tissue resection in vascular and gastrointestinal endoluminal applications. The company’s proprietary single-use hybrid catheter, Auryon, combines optical fibers that deliver short laser pulses and a blunt mechanical knife.

Digma Medical is a clinical-stage medical device company developing a novel endoscopic treatment for metabolic disease designed to complement standard medical management. The Digma System ablates the duodenum to interrupt metabolic signaling pathways, reducing insulin resistance and improving glycemic control.

Curesign is a medical device company aiming to disrupt the way oncologists treat patients with cancer. The company’s solution is based on the integration of sensors with advanced signal processing and big data tools. Curesign’s product, which is in the advanced stages of development, is designed to allow clinical teams to tailor a patient-specific treatment for each cancer patient.

Sources: Israel HayomCalcalistechFreoppUSA International Trade AdministrationIsrael HayomNoCamels 

CHECK POINT LAUNCHES ‘PREVENTION-FIRST APPROACH’ SECURITY OPERATIONS SOLUTION

Check Point Software Technologies has announced the launch of Check Point Horizon, a prevention-focused suite of security operations solutions and services that combines proactive management solutions for managed prevention and response (MDR/MPR), extended prevention and response (XDR/XPR) and events.

The new Check Point Horizon platform for XDR, MDR and events leverages Check Point Soft prevention-first approach to improve defences across the network, cloud and endpoints, and prevent future cyber attacks.

Many of the existing MDR solutions in the market today simply deal with detection and management of cyber incidents, according to Craig Robinson, research vice president for security services at IDC, who argues that actually preventing incidents has largely been missing in the MDR arena, until now.

“Check Point Horizon’s strategy of going prevention-first is a game-changing feature addition in the crowded MDR market,” says Robinson.

Data from Check Point’s mid-year report recently revealed a 42 per cent global increase in cyber attacks and ransomware is now the number one threat to businesses.

Attacks are increasing all the time as security teams struggle to shut down breaches before damage spreads due to the distraction of endless alerts and false positives across multiple siloed tools and a narrow attack vector view that lacks context. According to Check Point researchers, the problem is made worse by a lack of cyber experience and the ongoing skills shortage.

Against this backdrop, there is now a critical need for all organisations to have a security operations centre (SOC), with 24/7 monitoring, response, and threat hunting capabilities.

Running this kind of operation is too complex and expensive for the majority. The Check Point researchers further explained that the SOC provision up to now, does not match the scale of the challenge as the industry is only focused on detecting and responding to attacks rather than preventing them.

Israel Declares Food Tech & Alt Protein as National Priority; GFI Implores EU to Follow Suit

The Israeli Government this week declared “Food tech, with an emphasis on alternative proteins” as one of five national priorities.

The decision was made in consultation with the nonprofit GFI Israel, which plays a key role in the region in promoting the advantage of alternative proteins as a solution to global climate and food crises. 

Alla Voldman-Rentzer, vice president at the GFI Israel, commented: “The decision to select food tech with an emphasis on alternative proteins as one of Israel’s five national focus areas, positions the field as a key growth engine for Israel, especially in light of global trends such as the climate and global food crises, and will be a global strategic asset as well.” 

Annually, the Ministry of Innovation and Science allocates NIS180M for research grants and national plans from which the alternative proteins field will now benefit. 

EU must follow Israel’s example

After Israel’s decision, the GFI Europe is now calling on the EU and member states to follow Israel’s example or risk falling behind. Acacia Smith, senior policy manager at the Good Food Institute Europe added:

“This announcement is a hugely significant step, demonstrating Israel’s commitment to sustainable proteins as a key pillar of its climate and food security plans. Europe has been a pioneer in this field. With serious investment in open-access research, we could lead the world in plant-based and cultivated meat. But as countries like Israel make sustainable proteins a priority, we’re at serious risk of falling behind”, she concluded.

Israel is already considered a world-leading food tech innovator that leverages technologies to make meat and dairy animal-free products using cellular agriculture, precision fermentation, and biomass fermentation.

According to a recently published GFI report, the alternative protein sector in Israel grew by 160% in 2022. The numbers result from comparing 2022’s first half of the year to 2021’s same period. Additional data ranks Israel first in the world with 22% of global investments in plant-based protein and second in the world (after the USA) with 38% of global investments in fermentation-derived proteins.

“However, to maintain its advantage, Israel needs to build the appropriate infrastructure and fund further research in the field. The importance of alternative proteins stems from the need to produce a global food industry that can respond to humanity’s great challenges, which include: the expected increase in the world’s population, the climate crisis, the global food crisis, and the prevention of the environmental damage caused by industrial farming”, commented  Alla Voldman-Rentzer on the government’s decision. 

The other areas chosen by the ministry were: bio-convergence, aquaculture, renewable energy and energy storage, and space.