Category: Latest News Israel

Israel is a global center for Cybersecurity. Israel is also home to over 400 R&D centers (focused on cyber security) of prominent international companies. Annual exports of $3.5 billion, 5% of the global market share (2nd only to the U.S.).300+ Israeli Cyber Security companies. The diverse mix of sectors in Israel offers solutions for every area of cyber. Over 300 active cyber-security companies, over 150 founded since 2012. Israel is uniquely geared toward cyber security innovation a culture of entrepreneurship and innovation.  

The Israeli companies offer a range of cybersecurity solutions for all sectors. 

In the first six months of 2021, Israeli cybersecurity companies raised upwards of $2.9 billion. To put this number into a more impactful context, $2.9 billion represents 41% of total cybersecurity investment worldwide in that period. While other economic sectors have floundered, Israel’s cybersecurity industry has continued to skyrocket, with one record-breaking period chasing the other. The unique cyber ecosystem is made up of big cyber companies, global multinational firms with Israeli research-and-development arms, new startups, army training, and government support for both private and public endeavors. Together, these components have created an effective community that is bringing cybersecurity solutions needed to the market. The world has realized that in Israel there is a lot of cybersecurity potential and that is why companies are investing in cybersecurity solutions.

In this blog post, we are delighted to share some of Israel’s, most innovative Cyber companies: 

Silverfort: Silverfort provides a unified identity protection platform that consolidates security controls across corporate networks and cloud environments to block identity-based attacks.

Dig Security: Dig Security is the developer of a security threat solution that includes data detection and response, providing real-time visibility, control, and protection of data assets across any cloud.

Seemplicity: Seemplicity is working to revolutionize the way security teams drive and scale risk-reduction efforts across organizations by orchestrating, automating, and consolidating all remediation activities into one workspace.

Talon Cyber Security: Talon Cyber Security provides cybersecurity solutions for distributed workforces. Providing technology designed to protect against threats posed by distributed work and accelerated cloud usage, Talon enables workforce productivity and flexibility alongside holistic visibility and cybersecurity.

Cider Security: Cider Security has developed a platform that provides a unified view of the entire engineering ecosystem, offering security teams an in-depth understanding and comprehensive view of the technologies, systems, and processes unique to every engineering environment. Security teams are provided a highly tailored set of controls and solutions to optimize security and achieve full resilience across the entire CI/CD pipeline from code to deployment.

BOSTON, MA – May 16, 2023 – The Tomorrow Companies Inc., the world’s leading weather intelligence platform, today announced successful on-orbit operation of its first satellite, Tomorrow-R1. Launched at 11:48 pm PDT on April 14, Tomorrow-R1 is the world’s first commercially built weather-radar satellite. It is orbiting at 500 km above Earth in a polar orbit, and carrying a Ka-band radar ideally suited for detecting precipitation and critical ocean parameters. Tomorrow-R1 marks the first step in deploying the Tomorrow.io constellation of active and passive sensors, which will achieve breakthroughs in global weather forecasting and climate observation – near real-time scans of precipitation and atmospheric profiles for any point on Earth.

“Until today, only a handful of atmospheric radars have been launched to space, all built by government agencies with hefty budgets and long development times. Tomorrow.io is offering a step change in price-to-performance ratio, enabled by private innovation,” said Shimon Elkabetz, CEO and co-founder of Tomorrow.io. “Given their lofty costs, governmental missions have been limited to single satellites with revisit rates on the order of days-to-weeks. With every subsequent launch, Tomorrow.io will get closer to an era of truly proliferated weather sensing from space, closing this decades-old gap. We’re building the de facto GPS network for weather.”

At 11:48 pm PDT on April 14, Tomorrow.io’s satellite lifted off from Vandenberg Space Force Base in California on a SpaceX Falcon 9, successfully separating from the rocket and transmitting initial telemetry data shortly thereafter. After a successful commissioning process, the radar payload is now operational and providing high-fidelity global precipitation measurements, which are being ingested into Tomorrow.io’s weather intelligence platform.

“About five billion people live outside of reliable weather radar coverage today, leading to a huge gap in the quality and availability of life-saving weather information,” said Rei Goffer, Chief Strategy Officer and Co-Founder of Tomorrow.io. “Those most impacted by climate change are the least equipped to deal with it today, and we are taking a major step to fix this. As the planet moves into an era of climate-induced weather catastrophes, food insecurity, and new levels of volatility and risk, Tomorrow.io’s constellation will power climate adaptation for generations to come.”

Tomorrow.io initially announced its space plans in February 2021. Within only two years, the team advanced from preliminary concept to a fully functional platform that marks the beginning of a new era in weather forecasting. “Our team worked tirelessly to get to this historic moment, and it’s only just the beginning,” said John Springmann, VP of Space & Sensors at Tomorrow.io. “With the initial satellite data collections complete and our integration into the Tomorrow.io platform, we are confidently moving to the next phase of operationalizing our full-scale constellation.”

Tomorrow.io has demonstrated robust demand for the future capabilities of its constellation. The company has already been awarded more than $20M in contracts from the DOD and is executing a Collaborative R&D Agreement with NOAA. “The prospects of a commercial follow-on mission to the NASA Global Precipitation Measurement Mission (GPM), but with 10 times the revisit rate, presents an incredibly exciting future to the global weather community” said Dr. J. Marshall Shepherd, Georgia Athletic Association Distinguished Professor of Geography and Atmospheric Sciences at the University of Georgia.

https://www.tomorrow.io/blog/tomorrow-ios-historic-satellite-launch-paves-way-for-groundbreaking-advancement-in-global-weather-forecasting/?utm_medium=email&_hsmi=258528273&_hsenc=p2ANqtz-8YbAo_lrH71IKEyBvQR_NCSrB5Bdx3E6MdeTv19EZuWBibmbM2TzRl6pCsymkp-CmQVUlrTFcKKSlKNHxT-vchIMBexT2fO5QZ8dcVgzK8wqoRips&utm_content=258528273&utm_source=hs_email

Logistics plays an important role in the supply chain management of goods across industry sectors. For any business, their clients always demand fast and flawless service. Efficient Logistics management plays a key role in the success of any business as it directly affects its customer relations. According to Allied Market Research, in 2017, the global logistics market was valued at $7,641.20 billion and is projected to reach $12,975.64 billion by 2027. 

Startup Nation Central’s report on this industry sector mentions Israel has more than 150 startups that are involved in various aspects of the industry, employing cutting-edge technology to help ensure that goods are delivered swiftly and efficiently. In collaboration with DSV – Global Transport and Logistics, they have created an interactive landscape detailing some of the top up-and-coming innovative companies in the field. 

Here are the profiles of some innovative Israeli companies catering to this sector:

Caja Robotics – Caja Robotics uses sophisticated software and robots to quickly implement automation technology in standard warehouses. The system is designed to improve the efficiency of eCommerce retailers who require rapid delivery.

 Caja’s solution does not require any preliminary infrastructure. The solution is based on patented bins, which enable a dynamic warehouse structure, and specialized robots.

infiniDome – infiniDome provides front-end cyber solutions that protect wireless communications from jamming attacks. The company’s GPS protection solutions are designed to defend the GPS systems at the heart of drones and other unmanned systems, vehicle fleets, critical networks, and defense applications.

 infiniDomes patented anti-jamming technology is deployed through the company’s worldwide network of partners and distributors.

Loginno – Loginno partners with shipping companies to convert container fleets into IoT-enabled fleets that mine cargo and voyage data using a patented low-cost device. Information access is granted through a cloud-based service to carriers, cargo owners, freight forwarders, insurers, customs, and other interested parties.

 In 2019, Loginno selected Log-In Logistica Intermodal as a shipping company partner to convert its entire container fleet to smart containers using Loginno’s technology.

Bringg – Bringg is a delivery logistics solution that enables enterprises to efficiently manage their complex delivery operations. Bringg offers real-time logistics capabilities for the delivery ecosystem.

 Companies from the retail, grocery, restaurant, consumer goods, logistics, healthcare, and service industries use Bringg’s technology to help streamline their logistical operations for peak efficiency and to create optimal delivery experiences for their customers.

 With Bringg, companies can establish successful, cost-effective operations that balance the needs of all of the participants in their delivery ecosystem.

 Bringg was named one of the “Cool Vendors in Food Retail: Catering to New Customer Lifestyles, 2020” by the Gartner Research Group.

Highcon Systems – Highcon Systems develops and sells digital cutting and creasing machines for the folding carton industry. Their machines are based on a proprietary technology called Digital Adhesive Rule Technology (DART), which allows for the production of high-quality, complex packaging without the need for traditional dies. This makes it possible for customers to quickly and easily produce new designs, as well as to make changes to existing designs without having to incur the high costs associated with traditional die production.

 Their machines are used by some of the world’s leading brands, including Coca-Cola, Unilever, and Procter & Gamble.

AutoFleet – AutoFleet enables fleet managers to become vehicle-as-a-service providers. Using the AutoFleet platform, fleet managers can maximize revenues and margins and increase fleet utilization by aggregating demand, controlling supply, and optimizing rides.

 AutoFleet’s platform leverages advanced machine-learning models for real-time demand prediction, automated generation and management of maintenance/servicing tasks, optimized dispatching and routing, and dynamic pricing to help existing fleets become more efficient. The robust and automated routing and dispatch engine allows immediate optimization of delivery/logistics services, passenger trips, and field service operations, all from a single platform.

Freightos – Freightos is a technology company that offers a digital marketplace for international freight shipping. They provide businesses with a platform to compare prices, transit times, and shipping options from multiple freight forwarders, and book and track shipments online. They also offer a suite of tools and services to help businesses manage their freight operations, such as automated shipping rate management, real-time tracking and analytics, and document management.

 The company aims to make global trade simpler, more transparent, and more efficient for businesses of all sizes.

The above list of companies provides only a glimpse of the various technologies offered by Israeli companies in the Logistics sector. There are many more companies in Israel in this sector.

To know more please contact your local Israeli Economic and Commercial team.

References:

https://www.alliedmarketresearch.com/logistics-market

Israeli Smart Logistics Innovation Companies Add Precious Links to the Global Supply Chain

The fintech industry is constantly evolving and improving, and 2023 is no exception. It is predicted that the fintech space will multiply and reach US $174 billion in 2023 and the key trends driving this growth will be AI & Machine Learning; Embedded finance; SaaS; Open Banking; IoT; and Blockchain. As of 2022, approx. 550 fintech startups are operating in Israel which by global standards is an extremely large number of firms given the size of Israel’s population. There are currently 20 fintech companies incorporated in Israel that are valued at over US $ 1 billion. 

These fintech companies in Israel are operating in various specialized fields like payments and settlement, in which (17%) of the companies are concentrated. Additional specialized fields include risk management (14%), data analysis (14%), insurance-related operations (12%), commerce (11%), and investments (10%). 

Let’s take a brief look at Israel’s contribution to these key global trends driving the Fintech Ecosystem.

1. AI & Machine Learning: Israeli startups develop and apply AI technology for a range of purposes, such as business analysis, applications, cybersecurity, and healthcare. More than 40% of Israeli AI companies are involved in data technology and enterprise software. The startup nation ecosystem has embraced the generative AI technology very well with startups like Astria– Ai image generator, GenieLabs-Personalized 3d content, Codium– AI-powered Interactive Code Integrity Tool; BookWrox– Transforming Books into Binge-worthy TV Shows.

• Embedded Finance: Embedded Finance industry in Israel is expected to grow by 53.4% on an annual basis to reach US$605.2 million in 2023, providing the infrastructure for companies to build, launch and scale credit products, helping companies assess the creditworthiness of their customers for use-cases including credit cards, credit line assignments and buy now, pay later (BNPL) offerings. Some notable startups in this sector are PayZen, Lama AI, and Noble.

• SaaS: SaaS sector is advancing in the right direction and will hit the $623 billion milestone in 2023 at a compound annual growth rate of 18%, using SaaS provides access to powerful tools with enhanced security protocols for data storage and management that would be difficult or expensive for individual firms to implement themselves. Some notable fintech Saas startups from Israel are Guma – Expense Management SaaS for Banks’ Corporate Clients; Firmbase– Financial Planning and Analysis Platform; Adaptive Shild– SaaS Security Posture Management Platform 

• Open Banking: Open banking is a financial technology that allows customers to securely share their financial information with third parties, offering them more control and flexibility over their finances. Some of the notable Israeli startups operating in the open banking field are ezbob – the company offers end-to-end and modular lending solutions and guides banks and financial institutions through complex digital transformation. Feezback Technologies – develops solutions for open banking, serving large financial enterprises and fintechs alike.

• Internet of Things (IoT): The implications for fintech are vast as IoT has made banking more secure, efficient, and convenient. Banks are using sensors embedded into their products to monitor customer activities and automate responses. Dynamic Yield’s AI-powered Personalization Anywhere platform delivers individualized experiences at every customer touchpoint: web, apps, email, kiosks, Internet of Things, and call centers. Nation-E develops cyber protection technology for critical infrastructure and the Industrial Internet of Things.

• Blockchain: Blockchain is one of the most exciting trends in fintech. Blockchain is a digital ledger that records and verifies different types of transactions. In addition to its security benefits, blockchain has potential implications for cost savings due to its distributed nature. dWallet Labs is a cybersecurity company specializing in blockchain technology. Fuse Labs is a people-centric open-source platform that connects everyday payments to the blockchain without compromising the user experience. 

Prime Minister Benjamin Netanyahu announced on Wednesday that an Israeli food tech startup was about to receive the green light to produce animal-free milk proteins, reports The Times of Israel.

The PM did not name which food tech company would receive Israel’s first market approval for a cellular agriculture protein in the coming days. However, Tech12 reported Remilk as the permit receiver.

Founded in 2019, Remilk has raised over $120 million since its establishment. The company leverages precision fermentation and microbes to produce milk proteins, claiming they are chemically identical to those found in cow’s milk. These microbial proteins can make animal-free dairy without lactose, cholesterol, growth hormones, and antibiotics. They will appeal to vegans, flexitarians, and climate consumers. 

Working with regulators

Last year, Remilk achieved several milestones, with regulatory approvals from Singapore and the US Food and Drug Administration regarding the safety of its animal-free whey. Remilk’s protein launched with General Mill’s bran Bold Cultr introducing a line of cream cheese in Minnesota, USA, last year (General Mills shut down Bold Cultr this February).

Remilk, as a supplier of raw materials, contracts with major food companies worldwide for production and distribution purposes. It has recently made a partnership with Terra in Israel, reports Tech12.

Aviv Wolff, CEO and co-founder of Remilk, commented after obtaining self-affirmed GRAS  in the US: “We are working diligently with regulators around the globe to be able to offer Remilk-made products to consumers in other countries.”

Leading food tech innovation

The announcement took place on Wednesday evening when the PM visited Steakholder Foods, a Rehovot-based cultivated meat company. During the visit, he explored the latest advancements in cultivated meat and 3D bio-printing and tasted 3D-printed cultivated fish and cultivated meat at the food tech company’s facility.

At the event, the Prime Minister said Israel is a global leader in alternative protein production, citing the country’s recently cultivated fish and cultivated meat production. He further stated that the government is committed to continuing its leadership in this area and that new permits and heights are expected soon.

Israel ranked second behind the US in alternative protein investments in 2022, with local startups in the field raising a total of $454 million, according to a Good Food Institute (GFI) Israel report. 

Earlier this year, the Israel Innovation Authority announced plans to build an R&D hub for fermentation technology as part of a broader effort to invest in food tech — declared one of the top five new national priorities for the next five years.

Arik Kaufman, CEO of Steakholder Foods, said: “As Israel continues to lead the way in food innovation, today’s visit by the Prime Minister of Israel is a testament to the importance of our technology and the incredible potential it holds for the future. We were honored to offer Mr. Netanyahu the opportunity to taste and witness the future of food.”

Remilk to Receive Israel’s First Market Approval For a Cell Ag Protein

3D-printed cultivated meat company Steakholder Foods (NASDAQ: STKH), formerly MeaTech 3D, has announced the world’s first 3D bio-printed cultivated fish product. The recently developed prototype was a ready-to-cook grouper fillet, printed with customized bio-inks utilizing grouper cells provided by Umami Meats.

Backed by a grant from the Singapore-Israel Industrial R&D Foundation (SIIRD), Umami Meats and Steakholder Foods work to develop a scalable process for producing structured cultivated fish products using Steakholder Foods’ proprietary 3D bio-printing technology and customized bio-inks. This 3D fish printing represents a successful and meaningful milestone in their partnership.

Arik Kaufman, CEO of Steakholder Foods, said: “We’re excited to be working with Umami Meats to develop 3D-printed structured fish products that have the same great taste and texture as traditionally caught fish, without harming the environment.”

The world’s first cultivated fish fillet

Steakholder Foods celebrated this achievement by hosting a tasting event at its Israel facilities. At a “grouper fish chef’s table,” Israeli and Singaporean-style signature fish dishes prepared by the company’s chef, Moran Lidor, were available for tasting. 

Besides Mihir Pershad, CEO of Umami Meats, and other personalities, Israel’s Prime Minister Benjamin Netanyahu visited Steakholder Foods’ laboratory, where he witnessed the process of 3D-printing and sampled the cultivated fish, becoming the first PM to taste the product.

“We are delighted to have produced the world’s first whole fillet cultivated fish in partnership with Steakholder Foods. In this first tasting, we showcased a cultivated product that flakes, tastes and melts in your mouth exactly like excellent fish should. In the coming months, we intend to announce our plans for bringing this world-class cultivated fish to the market,” commented Mihir Pershad, CEO of Umami Meats.

Expanding collaborations

After receiving the grouper’s fish cells from Umami Meats, Steakholder Foods says its team worked to customize its bio-inks for a grouper prototype with optimized taste and texture. The Israeli food-tech claims its patent-pending technology enables it to replicate the flaky texture of cooked fish in a product after printing.

In a statement, the company said that being able to customize its bio-inks to external cell lines is a significant step towards commercializing its 3D bioprinter. It proves that its platform can produce structured hybrid and cultivated products of various species, opening the doors for collaborations with other industry players.

“Having created a customized bio-ink that works effectively with Umami’s cells and optimized the taste and texture to meet the high standards of consumers, we anticipate expanding our collaborations to a greater variety of species with additional partners,” added Kaufman.

Steakholder Foods 3D Bio-Prints the “World’s First” Whole Fillet Cultivated Fish

CropX’s irrigation planning allows users to conserve irrigation water and boost yields.

Israeli digital agronomic farm management company CropX today announced the completion of a $30 million Series C financing round led by Belgium advanced fluid management solutions company Aliaxis SA and with the participation of Edaphon, Finistere Ventures, NTT Finance Corporation, OurCrowd, Reinke Irrigation, Yair Shamir, and Victrix.

The investment will be used to develop CropX’s innovative capabilities for its agronomic farm management system and acquire companies with complementary technologies and market reach. Through this partnership, Aliaxis and CropX will continue to collaborate closely in the field of data-driven precision irrigation.

CropX’s irrigation planning allows users to conserve irrigation water and boost yields. In addition to irrigation, the CropX system also optimizes the use of energy and fertilizers, supports farmers in adopting more sustainable farming practices, and is becoming a one-stop shop for crop management. CropX now has over 100 employees in the US, the Netherlands, Israel and New Zealand and a large research and development department.

CropX CEO Tomer Tzach said, “Completing this funding is a huge endorsement from our investors of the value that we bring to our customers and shareholders, and the positive impact we are making on farms around the world. This round follows CropX’s January acquisition of California-based precision irrigation company Tule Technologies, our fourth acquisition. We are proud to be one of the consolidation leaders in ag-tech as we bring a complete, powerful and simple solution to farms and agribusinesses.”

Published by Globes, Israel business news – en.globes.co.il – on April 19, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

Please get in touch with us to connect with the CropX Australia team.

Israeli cybersecurity is renowned for being well-positioned to be a solution that businesses and governmental organizations around the world look to for support. Israel is at the centre of the global cybersecurity ecosystem; therefore, Israeli businesses play a significant role in the current global cybersecurity environment.

Start-Up Nation Central (SNC) has reported that the total amount of investment in Israeli cybersecurity companies reached $27 billion in 2021 and $15.5 billion in 2022, which should help to clarify the significance and scope of Israeli cybersecurity. These figures demonstrate the depth of Israeli businesses’ advancements in cyber security as well as the fact that Israel serves as a breeding ground for new businesses in the field.

In this article, we will focus on Israeli cybersecurity firms that cater to the banks & financial institutions industry, especially with ongoing digital transformation in the global banking and finance sector. Where it is not unexpected that the majority of these institutions ask Israel’s cybersecurity institutes for further collaboration. This rise in the sector makes Israel one of the world’s largest hotbeds of cybersecurity innovation.

ThetaRay: Governments face serious issues as a result of the widespread use of money laundering techniques which can cause these nations to fail to meet the international standards in various published annual index reports. That could lead some nations to restrict the kinds of financial activities they can engage in. But with a SaaS-based AI transaction monitoring system, ThetaRay is revolutionizing how financial institutions and payment service providers (PSPs) use data to their advantage. Banks and payment service providers (PSPs) must implement sophisticated solutions to identify financial crimes such as money laundering, fraud, and terrorism funding due to the increasing number of international money transfers, including online and app-based payments. Their full-stack solution makes use of big data experience, proprietary algorithm science, and the unbiased application of rules to give the best machine learning results while maximizing efficiency to discover anomalies with almost no false positives. As a result, banks and PSPs can reduce risk and expand high-value business while also optimizing transaction monitoring processes for both domestic and international payments and achieving regulatory AML compliance.

CyberArk: The industry pioneer in identity security is CyberArk, a company focused on managing privileged access. Offers the most complete security solution for any identity, whether it be human or automated, spanning business apps, remote workforces, hybrid cloud workloads, and the entire DevOps lifecycle. The top enterprises in the world rely on CyberArk to help secure their most important assets. For more than ten years, CyberArk has been an industry leader in protecting businesses from cyberattacks that hide behind insider access and target vital corporate assets. Today, only CyberArk is offering a brand-new class of targeted security solutions that assist leaders in stopping attack escalation before irreparable business damage is done, allowing them to stop responding to cyber threats and get ahead of them instead. Most of the 20 major banks in the world and nearly half of the Fortune 100 employ CyberArk’s privileged-account security solutions. Using data accessed by authorized privileged users on-premise, off-premise, or in the cloud, its award-winning software “locks up” vital IT infrastructure while monitoring and documenting every action. CyberArk which is currently listed on the NASDAQ was established in Petah Tikva in 1999 and has offices all over the world.

Check Point: With its headquarters in Tel Aviv, Check Point is a globally well-known cybersecurity business that has been creating flexible protection software since 1993. Checkpoint is now a pioneer in cybersecurity development and research, offering a larger range of products and services, such as cloud security, covering migration, compliance, and threat hunting. IoT protection, data centre security, and zero trust are a few examples of network security. protection against attacks like phishing and ransomware, endpoint security, and more. The organization has also been addressing a variety of industries, including healthcare, retail, and education. Additionally, as they develop their infrastructures using cloud technologies and add more endpoints that need to be protected from cyberattacks, it has been assisting organizations of all kinds to strengthen their security. As a result, Checkpoint offers a range of solutions that address every aspect of a modern company’s architecture and shield both internal users and external clients from the effects of potential catastrophic cyber events like ransomware.

To preserve its lead over the rest of the world in cybersecurity, Israeli cybersecurity companies are still improving their capabilities to keep up with the global digital transformation that is occurring in all industries.

The symbol of Israel’s brief flirtation with automotive manufacturing during the 1960s and 1970s was considered a delicacy by the country’s camels. 

While the story of hungry camels gnawing on cars was just a rumour, the first “blue and white” carmaker shuttered its manufacturing operations in 1981. Today, the modest Israeli vehicle manufacturing industry serves primarily military purposes.  

With more than 500 transportation start-ups; innovation hubs established by many of the world’s leading automobile manufacturers; and soaring investment, Israel has truly secured its place as a veritable driving force of automotive innovation.

Israel’s automotive pioneering spirit, Intel’s acquisition of Jerusalem-based vision Technology start-up Mobileye for $15.3 billion in 2017 demonstrated the country’s potential to succeed. 

Several automakers like Ford, Renault, Nissan, and General Motors have chosen Israel for their Research Centre, making the small market a Tech hotbed for Automotive Technology.

Vehicle manufacturers like BMW and Hyundai and Auto component makers like BOSCH and Lear have opened their R&D centres. Several global technology companies including Facebook, Microsoft, Google, and Samsung too came forward. They invested in Israeli companies that are directly or indirectly working in the automotive space, especially autonomous driving or connected car technology.

 Israel has the highest density of tech startups in the world for more than half a decade. The small country is the home of more than 6000 plus technology startups and second to Silicon Valley when it comes to Tech Innovation.

 List of a few Israeli Companies into Automotive solutions:

VIA – powering the World’s Most Advanced Public Mobility Systems. Via has developed innovative solutions for on-demand and pre-scheduled transit, powered by the world’s most advanced technology. Via acquires CityMapper to expand its end-to-end TransitTech solution. Via Closes $3.5 B valuation raising $110M to expand TransitTech Portfolio.

 Hailo – Hailo’s breakthrough 8-edge with the unprecedented performance of up to 26 Teraflops, the AI processor is designed specifically for running embedded AI applications efficiently on edge devices Operations per Second (TOPS). The chip uses a novel architecture that uses the fundamental properties of neural networks, enabling the cost-effective deployment of ADAS today, as well as paving the path for the development of autonomous vehicles in the future.

Innoviz – a leading manufacturer of high-performance, solid-state LiDAR (Laser imaging detection and ranging) sensors and perception software that are capable of bringing vision to virtually any environment

Ride Vision – a Rider Assistance System explicitly designed for motorbikes and their riders. As part of the system, two small cameras are mounted on the front and rear of the vehicle, as well as a computer system that monitors the road throughout the ride using a patented algorithm to detect possible collision threats and alert the rider in real time without disturbing the rider’s concentration while riding.

GoToGlobal – a multimodal shared-mobility company, offering shared cars, vans, mopeds, kick scooters, and E-bikes to private and business customers. The company has its own proprietary technology and sustainably operates its fleet.

AutoFleet – fleet operators and logistics providers have access to the only comprehensive solution for optimizing existing operations and launching new on-demand passenger and logistics services. With the help of AutoFleet, fleets can maximize their utilization and revenues as well as reduce fleet downtime and create new mobility services. 

Argus – specializes in cybersecurity for the automotive industry. A modern vehicle contains dozens, if not hundreds, of computers controlling many different aspects of the vehicle, including the steering system and the infotainment system. As a result of the increased number of connectivity options available in vehicles, such as cellular antennas and Bluetooth transmitters, these computers are susceptible to a wide variety of attacks. 

Autolead Star – specializes in providing digital marketing solutions for the automotive industry that allows dealers to market and sell by one-to-one targeting, online, and at scale. With AutoLeadStar’s technology, highly accurate, one-to-one matches between car buyers and sellers can be made at scale, speed, and specificity. By providing information on each car, assessing each customer, and making a match, AutoLeadStar is able to produce an average of four and a half times more quality leads in a market worth over 1.5 trillion dollars.

Please reach out to Jeremy Ungar to learn more about Automotive Technologies. Check out the upcoming event on EcoMotion and Smart Mobility Events in Tel Aviv.

eToro, the world’s leading social trading platform, has recently made stocks listed on the Australian Stock Exchange (ASX) available for users to trade with  0% commission – opening up a whole new raft of opportunities for those wanting to dive into the Australian market.

To take advantage of a stock market that is growing in popularity with investors, eToro has made 77 ASX shares available for the public to trade, including some of the country’s largest companies like Qantas (ASX: QAN), Commonwealth Bank (ASX: CBA) and Fortescue Metals (ASX: FMG). 

Much like trading US stocks and other assets, the ASX lets traders buy or sell a share in a publicly traded company.

For those familiar with eToro, the trading process is virtually the same as any other asset on the platform. The difference with ASX is the diversity of the exchange’s landscape of major companies.

Many eToro users might already have a well-rounded portfolio comprising global stocks and other assets like cryptocurrencies and ETFs, so why consider trading ASX stocks?

According to eToro market analyst Josh Gilbert, access to the ASX opens trader portfolios up to greater diversification – particularly those wanting to look outside of the tech-heavy US indices.

“Australian companies are leaders in energy and commodities, with raw resources and favourable trade relationships making it an attractive investment destination for investors,” Gilbert said. 

“The Australian economy has also demonstrated a high level of resilience compared to most other economies during economic crises.”

Looking at the ASX 200 – an index that tracks the movements of the largest 200 companies on the ASX – supports Gilbert’s comments. Of the 200, nearly one third of the companies are those in the financial sector (like Commonwealth Bank (ASX: CBA) and National Australia Bank (ASX: NAB)), while the mining and resources sector is the second largest and includes companies such as BHP Group (ASX: BHP) and Andrew ‘Twiggy’ Forrest-founded mining giant Fortescue Metals Group (ASX: FMG).

According to Gilbert, the Australian market is also well-established as being one that pays dividends.

“Dividends have contributed 53 per cent of returns over the 121 years to 2021 compared to just 42 per cent in the US and the ASX is one of the highest yielding major indices globally. On top of this, the ASX200 has a large weighting towards finance and materials, making up over 50 per cent of the index,” Gilbert said.

“This is vastly different from the S&P500, where these two sectors only account for 13 per cent of the index.”

Further, the ASX may provide advantages over US stocks during the current bear market conditions, considering the large amount of ‘recession proof’ stocks in sectors like consumer staples, healthcare and gold – for example, Coles (ASX: COL), CSL (ASX: CSL) and Newcrest Mining (ASX: NCM).

For those unfamiliar with the ASX, the list of companies that sit in the ASX 100 is a good place to start to find out the heavy hitters in the Australian market. However, eToro users should do research before trading – be it via reading financial news publications or monitoring the price movement via eToro’s website and app platforms.

eToro provides various research tools to help investors when analysing investments – for example, investors can see each stock’s price action via charts, revenues and margins, plus dividend yield.

And for those who want to diversify without the hassle of learning about individual companies, eToro has also launched a new AussieEconomy Smart Portfolio which bundles a bunch of ASX listed stocks into one managed package.

This includes stocks in a range of sectors, including mining, oil & gas, financials, healthcare, software and chemicals. Holdings include BHP Billiton (ASX: BHP), National Australia Bank (ASX: NAB), Woodside Energy Group (ASX: WDS) and more.

“We know that Aussie investors have a strong home bias, with 65% currently invested or planning to invest in Australian equities. This new portfolio provides an accessible way for Australian retail investors to get exposure to their leading, home-grown companies,” Gilbert said.

eToro’s Smart Portfolios offer investors exposure to various market themes. Bundling together several assets under a defined methodology and employing a passive investment approach, eToro’s Smart Portfolios are long-term investment solutions that offer diversification with no management fees.

Get started with investing in ASX today with 0% commission.

As seen first on Business News Australia

eToro is the world’s leading social trading platform, which offers both investing in stocks and cryptocurrencies, as well as trading CFD with different underlying assets.

eToro – the worlds leading social trading and investing platform now launching commission-free stock offerings for Australia