Israeli Technology will be Used for 3D Mapping of Australian Buildings

The data from the mapping will benefit insurance companies among others.

The Israeli start-up company GEOX signed a deal with the Australian government company Geoscape that will lead to the full aerial footage-based 3D mapping of 18 million buildings around the Australian continent.

GEOX’s mapping uses artificial intelligence and patent-protected algorithms and can provide information on more than 30 building  attributes. 

This information is of great value to insurers, mortgage, banks, investors, solar energy, cellphone companies, and real estate.

The data produced by GEOX will be used hundreds of companies that deal with these fields and will spare the sending of a human surveyor in many cases.

The project will be done in stages, starting in the big cities, Syndey and Melbourne, and will then continue to the smaller towns.”

This is one of the most extensive projects in world in terms of in-depth mapping of residential buildings.

The data that is supplied by our technology gives essential information to insurance companies for future risk assessment for the sake of deciding the heights of buildings, tracking changes made to insured properties, the optimal spreading of cellular antennae, evaluation of electricity output expected from panels on roofs and more.

This is a significant step up compared to the other technology currently in use in Australia,” said Izik lavy, CEO and one of the founders of GEOX.

He added that the demand for advanced mapping of properties has risen in the past few years due to natural disasters that have caused heavy damages to property.

GEOX was founded in 2018 by Izik Lavi, Eli lavi, and Guy Atar. The company currently has 24 employees and is in the process of expanding.  

Israeli technology will be used for 3D mapping of Australian buildings – The Jerusalem Post (jpost.com)

ALD announces $50M funding following HUB Security merger

If your Australasian critical infrastructure needs securing, get in touch.

Recently merged ALD announced a 50 million USD investment round, based on a 146 million USD valuation from leading institutional investors following its merger announcement with Hub Security, LTD.(”HUB”)

Upon completion of the merger, HUB shareholders will hold 51%  of the new company (NewCo). The company’s name is expected to change from ALD to Hub Security and Eyal Moshe, CEO and co-founder of Hub Security will be appointed CEO of the newly merged company.

June 3rd 2021, Tel-Aviv, Israel – Today, ALD Advanced Logistics Development Ltd. (ALD), an Israeli publicly traded company at the Tel-aviv stock exchange, announced that it has completed raising 50 million USD from a number of Israel’s and international leading institutional investors. Since the company’s most recent merger with Tel-Aviv based cybersecurity firm Hub Security, the company has been valued at 146 million USD.

HUB Security was established in 2017 by veterans of the 81 and 8200 IDF Intelligence units by co-founders Eyal Moshe (CEO) and Andrey Iaremenko (CTO). Its shareholders include among others, AXA Ventures, the investment arm of the  leading global insurance company AXA and the private investment fund OurCrowd.

As of [date], all the preconditions have been completed, including ALD’s general assembly that has approved the company’s merger with HUB  by an overwhelming majority. Upon completion of the merger, the holding stake of Hub shareholders will be 51% and the company’s name is expected to change from ALD to HUB Security Ltd. (NewCo).

The company also announced early Tuesday that once the merger is complete, Eyal Moshe, HUB’s current CEO, will also become the CEO of NewCo. In addition, Eyal Moshe will become NewCo’s Controlling Owner, while the COO of the Company, Dotan Moshe will remain in his current position. ALD’s former CEO and Controlling Owner, Zigmund Bluvband, is set to be appointed Chairman of the Board and Mr. Andrey Iaremenko will remain as HUB CTO.

Executives at Hub Security stated that they have been following ALD’s activities for some time. As a substantiated company boasting a significant customer base both in Israel and overseas, ALD owns a well-developed sales infrastructure. HUB security sees the potential embedded within ALD as an appropriate platform for a successful merger, while working together on the basis of its well-developed customer base and excellent client relationships as fertile grounds for the next steps in the merged company’s growth in the cybersecurity market. 

ALD is an established Israeli company that has been active in the software and consultancy industry for over 36 years and boasts a customer base of leading international organizations. The company has an annual revenue cycle of 110million NIS that enjoys steady, stable growth. The group itself provides services, consults and designs software in the area of critical systems reliability and safety. 

Company clients are governmental organizations and international conglomerates that have been working with ALD for over 20 years. The company has about 600 employees and its offices are located in Israel. Among ALD’s most prominent clients are Lockheed Martin, Deutsche Bahn, Siemens, Embraer , and others.

HUB Security was founded in 2017 by former IDF intelligence corps personnel (including 8200 and 81 veterans). Among them is Eyal Moshe, now CEO, and Andrey Yarmenko, now CTO. Equity holders include AXA international insurance group, Venture Investor Ourcrowd and others. 

The company specializes in cybersecurity technology that works to protect sensitive data that belongs to enterprise companies and organizations. It is also proprietor of an advanced cryptography based computation solution which prevents hostile infiltration and protects sensitive commercial information. HUB Security has 25 employees in offices in both Tel Aviv and New York.

HUB Security provides cybersecurity solutions for a variety of fields including AI, Data, Fintech and infrastructure. HUB Security’s cybersecurity platform is planned and manufactured by the company in Israel and provides organizations with military-grade security. The company’s working premise is that the systems it is protecting have already been hacked or infiltrated, and therefore the highest possible standard of protection must be made available to protect the most sensitive information.

Over the past year, HUB Security has signed several key partnership agreements, among them with the Israel Electric Corporation’s Cyber unit, with storage giant Seagate, Lloyd’s, and a collaboration agreement with Kudelski Security.

ALD (Advanced Logistics Development) is a long-standing, well-established Israeli company active in the field of software and security consulting for 36 years with a leading global customer base. The company has an annual turnover of approximately NIS 110 million, which has increased steadily over the years. The group is engaged in providing services, consultancy, and software in the field of critical systems reliability and safety. The company’s customers are government bodies and Fortune 500 companies which worked with ALD for over 20 years. The company offices are located in Or Yehuda, Israel.

Hub Security views ALD’s broad and steadfast client base as an immense advantage and together with the trust HUB has from Institutional investors, they see the merger as grounds for leveraging the company towards more deals and raising the merged company’s value. A first deal by the merged entity has already been published recently, as the two companies reported a joint memorandum of understanding toward supplying cyber protection solutions to global insurance companies Arch and Marsh, at a volume that holds significant potential for the results of the merged company in 2021. 

ALD announces $50M funding following merger | HUB Security

Israeli Technology Advancements To Combat Global Climate Change

2020’s record heatwaves and storms confirm what scientists have long predicted: climate change is well underway and threatens unparalleled destruction.

The scarcity of water being a foremost concern for the future, it is vital we have affordable technology solutions for clean drinking water as well as means of removing pollutants from existing water sources. The Israeli CleanTech scene holds solutions and promise; H2Pro, Watergen, and Aqwise to name only a few.

Moreover, the burning of fossil fuels including coal and gas to generate electricity is the primary contributor and most “forcing” factor behind climate change. Suffice to say, cost-effective alternatives to burning fossil fuels are long overdue.

Enter Hydrogen.

When Hydrogen is burned and converted into electricity using a fuel cell, the only by-product of the process is water. There are no destructive Co2 emissions, and one kilogram of hydrogen has as much energy as a gallon of gasoline. This makes hydrogen the ideal replacement for fossil fuels and combatting climate change.

Despite hydrogen being abundant in most elements on earth, almost all hydrogen is located in molecules where it is often inaccessible, predominantly as water and other organic compounds. The most common way to extract hydrogen is from natural gas, however, this process results in the release of large amounts of carbon dioxide. The lesser polluting approach is to split the water into oxygen and hydrogen using electrolysis, however, this method is not energy efficient.

An Israeli technology company, H2Pro, has a better idea. Backed by Bill Gates’s Breakthrough Energy Venture (BEV). H2Pro’s E-TAC (electrochemical-thermally activated chemical) system generates hydrogen and oxygen in two separate processes that reduce both costs and pollution significantly, playing a game-changing role in the reduction of polluting vehicle emissions and the clean production of materials and chemicals, heating and storage of renewable energy.

“Clean hydrogen is a game-changer,” U.S. Energy Secretary Jennifer Granholm said in a statement. “It will help decarbonize high-polluting heavy-duty and industrial sectors while delivering good-paying clean energy jobs and realizing a net-zero economy by 2050.”

The company announced a USD 22million funding round, led by BEV, set up by Microsoft founder and renowned philanthropist to invest in key energy transition technologies, as well as Sumitomo Corporation. It was also named by Royal Dutch Shell as the “Best Company In the Scale-Up Track” in its New Energy Challenge competition.

Unlike other technologies, H2Pro’s E-TAC system uses electricity to split water into hydrogen and oxygen. This removes the need for an expensive membrane, allows for simple construction, and significantly lowers the needed power consumption for conversation, compared to electrolysis.

Amid an uncertain and seemingly hopeless fight against climate change, we can take a small amount of comfort in knowing that technologies working to salvage our planet do exist. The adoption of such technologies appears to be a long and rough road ahead. However, the Israeli CleanTech scene continues to grow and innovate.

Israel’s CleanTech and GreenTech start-up ecosystem is using pioneering technologies to promote and advance environmentally friendly and ecologically responsible decisions and processes for manufacturing.

With close to $10 billion invested in privately-held Israeli tech firms in 2020, an increase of 27% from 2019, experts in the field such as Guy Holtzman the CEO of IVC Research Center, say Israeli CleanTech companies “will continue to be a source of attraction for leading international, financial, and strategic players.”

While H2Pro leads the way for hydrogen energy, there are many other Israeli companies to watch in the CleanTech space.

With 97% of the world’s water supplies being saltwater, and the majority of the remaining 3% of freshwater being trapped in ice caps and frozen glaciers, a freshwater shortage is impending.

Israeli company, Aqwise has developed a ground-breaking way to clear water of pollutants. Their technology works by treating the water with bacteria that feed on those pollutants, in doing this they create a complementary relationship. The bacteria is exposing to the pollutants water and “eats” them, while simultaneously removing any impurities from the water.

Additionally, WaterGen’s technology creates clean drinking water out of thin air. Watergen was initially a start-up conceived to provide easily accessible and safe water to militaries worldwide. Since then, Watergen has gone on to tackle a diverse range of water scarcity problems, in developing countries and following natural disasters. They currently do work with both Ford Motors and World Vision.

The continued growth and rapid industrialization of the global economy, coupled with the need to supply energy to fuel both our lives and the economy – places us at a crossroads. The burning of fossil fuels, polluting the air with carbon emissions, is the primary contributor to climate change, rising sea levels, and a growing number of natural disasters.

People have long been looking into developing and integrating into society, advanced technological solutions to maintain our way of life whilst protecting the air we breathe, and water we drink.

With its advanced economy based on competitive research & development together with Israel’s culture of innovation – the Israeli technology industry is at the forefront of change and provides a glimpse towards a better, more sustainable future.

Five Israeli Startups make it to the World Economic Forum Tech Pioneers List

The World Economic Forum have selected five Israeli companies for its 2021 list of 100 Technology Pioneers  from six continents that are “poised to have a significant impact on business and society.”[1] The Israeli early growth stage companies represented are involved in diverse fields including AI, cleantech, cyber security, digital health and agriculture. CropX, MDClone, Cheq, MyndYou and Phinergy are among the 100 prestigious global companies. Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum, in a statement said, “These companies show great potential to not only shake up their industries but offer real solutions to global problems. They’ll bring great value to the World Economic Forum’s mission of improving the state of the world with their participation in the Technology Pioneers community.”[2]

“The Technology Pioneer community was first launched in 2000 by the World Economic Forum. Past recipients have included now-household names such as Airbnb, Google, Kickstarter, Mozilla, Spotify, Twitter, and Wikimedia. The “pioneers” are selected by a committee of technology and innovation experts, academics, venture capitalists, and entrepreneurs.”[3] Previous Israeli companies selected by the Forum in include Optibus, Innoviz, Utilis, Watergen and Aleph Farms. Below are summaries of the current cohort of companies and their respective solutions:

CropX Technologies is an ag-analytics company that allows farmers to manage their operations on their smart phone using real time soil date using AI and sensors. CropX has developed the world’s most advanced adaptive irrigation service, which automatically optimizes irrigation, thereby delivering dramatic crop yield increase and water and energy cost savings to farms.

MDClone offers an innovative, self-service data analytics environment powering exploration, discovery, and collaboration throughout healthcare ecosystems, cross-institutionally, and globally. The platform allows users to overcome common barriers in healthcare in order to organize, access, and protect the privacy of patient data while accelerating research, improving operations, quality, and driving innovation to deliver better patient outcomes.

CHEQ is a military-grade cyber-security company with expertise in bot mitigation and user authentication. The company’s technological core is based on extensive knowledge and experience from the Israeli military’s leading intelligence and cyber-warfare division, “Unit 8200”. The company’s R&D teams are made up of leading cyber-security researchers, machine learning experts and experienced, military trained developers.

MyndYou is a data-driven platform that provides tools for maintaining cognitive abilities. The technology is based on passive monitoring approach, novel cognitive assessment method, and AI-generated, actionable insights. The company’s main focus is the usage of their platform for the benefit of more than 150 million older adults living with cognitive impairment (such as Alzheimer’s and other types of Dementia) so that they can maintain their cognitive abilities and independence for as long as possible while keeping safe.

Phinergy develops metal–air technology, turning metals – namely aluminum and zinc – into a new way to store, transport, and generate clean and safe energy. Phinergy’s aluminum-air technology releases the abundant energy contained in aluminum, resulting in a clean, safe, cost-efficient, and fully recyclable energy source. Phinergy’s aluminum-air technology provides on-demand, clean energy for a variety of applications including energy backup for critical sites, on-demand distributed generation for microgrids, and range extenders for electric vehicles.


[1] https://www.israel21c.org/5-israeli-firms-named-world-economic-forum-tech-pioneers/

[2] https://www.timesofisrael.com/five-israeli-startups-make-world-economic-forum-tech-pioneers-list/

[3] https://nocamels.com/2021/06/5-israeli-companies-technology-pioneers-world-economic-forum/

  • Summary information from the companies were collected from LinkedIn and official websites

Israeli Company Telling Porkies – Is It Kosher?

Cell-Cultured Pork Next on the Menu for Israel’s MeaTech 3D

Israeli cell-cultured startup MeaTech 3D Ltd. has revealed plans to develop cultivated pork. The first cell-cultured meat company to be publicly listed has expanded R&D activities to focus on cell lines and technologies for future mass production of slaughter-free pork, alongside its current lines of beef and chicken. 

“Our goal is to lead the upcoming agricultural revolution by making tomorrow’s meat safe, plentiful and sustainable”

After recently submitting a patent application in the US for its 3D bioprinting technology, MeaTech 3D is pursuing porcine cellular agriculture as pork is currently the most consumed meat across the globe. The pork meat market is estimated to be worth $20 billion annually in the US alone. Initial R&D activities will focus on developing stable porcine cell lines which will have the potential to initiate cultivated pork biomass production capabilities.

MeaTech aims to develop the technology to produce end-products, as well as licensing its technologies to customers along the meat and alt protein supply chain, such as value-added food processors and premier food brands. MeaTech listed on the TASE in 2019 and the company also listed on Nasdaq in March 2021. The company also recently announced its plans to establish a pilot plant in 2022 to produce cultured chicken fat for industry collaborations. 

“Our goal is to lead the upcoming agricultural revolution by making tomorrow’s meat safe, plentiful and sustainable. MeaTech is developing a broad range of cultured meat technologies, developing potential alternatives to conventional factory farming of beef, chicken and now, pork,” stated MeaTech CEO Sharon Fima.

“We believe that offering additional cultivated meat product lines can widen our addressable markets, generating additional revenue potential. Our goal is to be similar in all respects to livestock-farmed pork, while offering a significantly more sustainable and slaughter-free production method,” Fima added.

Cell-Cultured Pork Next on the Menu for Israel’s MeaTech 3D – vegconomist – the vegan business magazine

Cybint, Academy IT Announce Partnership to Offer Cybersecurity Bootcamp Options in Australia

Through this partnership, Cybint and Academy IT will provide in-person and online cybersecurity training for workforce development to students through Australia.

ADELAIDE SA, Australia, June 27, 2021 /PRNewswire/ — Cybint, a global cyber education training company, partners with Academy IT, a technical training provider in South Australia, to offer the Cybint Cybersecurity Bootcamp online and in-person beginning September 2021, to usher in a new era of cyber education in Australia. In addition to the bootcamps, corporate training discussions will be available for B2B solutions.

Australia’s cyber network has experienced a growth in intrusions since the onset of the pandemic. There were over 60,000 reports from individuals and businesses reporting instances of cybercrimes in 2020. In 2021, an average of 164 cyber crimes were reported by Australians every day, according to the Australian Cyber Security Centre. The cybercrimes come at a cost to Australia’s economy. There are estimates that cyber-related attacks could cost the economy about $29 billion per year, or 1.9 per cent of the nation’s GDP. Tensions are running high, and there is a dire need for over 27,200 cybersecurity professionals in Australia to fill available job positions.

In an effort to meet this need and close this gap, Academy IT, which is both a Microsoft Certified Partner – Learning, and a Nationally Accredited Registered Training Organisation (RTO), will offer the Cybint Bootcamp to students across Australia. Graduates of the Cybint Bootcamp will have the training needed to land entry-level positions in cybersecurity, and ensure they can protect themselves and their organizations from emerging cyber threats. Students who choose to participate in the corporate training discussions for B2B solutions will gain further insight into the role every team member plays in protecting their organization against a potential cyber attack.

“This is the beginning of great progress in the cybersecurity space across all regions of Australia,” says Roy Zur, Founder and CEO of Cybint. “Our mission aligns with Academy IT, and together we will ensure that good cybersecurity practices become widespread as the cyber gap is filled.”

“We pride ourselves in providing the best personalised face-to-face and online technical training in South Australia,” says Brian Peel, CEO and Managing Director of Academy IT. “We are pleased to expand our offering through this partnership with Cybint, which will ultimately create real impact both for the students, and for the local businesses and government of Australia as graduates pursue their respective careers.”

For more information, and to enroll in the Cybint Bootcamp in Academy IT, please visit: https://www.academyit.com.au/cybersecurity-bootcamp/

About Cybint
Cybint is a global cyber education company with a commitment to reskilling the workforce and upskilling the industry in cybersecurity. With innovative and leading-edge education and training solutions, Cybint tackles cybersecurity’s two greatest threats: the talent shortage and the skills gap. The Cybint team is comprised of military cyber experts, industry professionals, and educators united under the vision of creating a safer digital world through education, training, and collaboration. For more information, visit www.cybintsolutions.com

About Academy IT
Academy IT is a proud South Australian owned and operated business supporting local business and government since July 2007. As a Nationally Accredited ‘Registered Training Organisation’, Academy IT provides accredited training at Certificate & Diploma Levels and operates under strict compliance and quality assurance guidelines. With strong process driven training practices, students receive personalised in-person and live-online training that ensures the outcomes they are looking to achieve are met.

Cybint, Academy IT announce partnership to offer cybersecurity bootcamp options in Australia (yahoo.com)

Voiceable | Real-Time Customer Assistance for Online Businesses

Voiceable helps online retailers recreate the in-store experience using voice and video, providing customers with tailored guidance directly from the retailer website. This close customer engagement increases conversion rates, user experience and loyalty.

Website: http://www.voiceable.co/

Contact Jeremy to learn more or connect with Voiceable

Cyber Reinsurance Rates Rocket at July Renewals

Ransom laws are murky from country to country. Before considering if you would pay, or not, sign up to Cyber Week 2021 and see the best-of-the-best Israeli cyber tech that could work for your business.

Cyber Week 2021 (b2b-wizard.com)

LONDON, July 1 (Reuters) – Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity.

A ransomware attack on Colonial Pipeline in May shut the largest fuel pipeline network in the United States for several days, crippling fuel delivery to most of the U.S. East Coast. read more

The average ransom payment made by a business to restore data after a cyber attack was $220,000 in the first quarter, up 43% from the last quarter of 2020, according to cyber security firm Coveware.

In addition to the ransom payments, cyber insurance and reinsurance policies can cover the cost of restoring the network, business interruption losses and even the hiring of a PR agency to address reputational damage.

“Reinsurers that have been writing cyber are looking at considerably worse results than a few years ago,” said James Vickers, chair of reinsurance broker Willis Re International.

“I don’t think people had really imagined the extent of the ransomware attacks going on.”

Reinsurers insure the insurers, and a rise in reinsurance rates feeds through into higher insurance costs.

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc (8630.T) told the Reuters Future of Insurance USA conference last week. read more

Insurers and reinsurers are cutting the amount of cyber coverage they provide after being hit with large claims, industry sources say.

Vickers said some countries such as France were debating whether cyber insurers should be making ransomware payments.

“Those discussions are beginning to happen,” he said.

FBI Director Chris Wray last week pleaded with public companies and other hacking victims to avoid paying ransom, saying he feared it would only embolden cyber criminals to ramp up future attacks. read more

Cyber reinsurance rates rocket at July renewals -Willis Re | Reuters

AiDock

AiDock uses innovative AI technology to streamline the supply chain process in the shipping industry. AiDock uses intuitive artificial intelligence to empower teams to dramatically increase accuracy, speed and capacity of paperwork such as data entry and HS Codes classifications, by having digital assistants. By applying a big data intelligent learning algorithm, AiDock adapts highly detail-orientated information to different markets and regulatory changes with an immensely high level of precision.

For more information please contact Rochelle Ives rochelle.ives@israeltrade.gov.il