Israel Tech Startups and Innovations: Weekly Roundup December 14 – December 20, 2024
New Startups / VC Funding
Israeli AI-Powered Chargeback Prevention Platform Justt Fights Payment Fraud with Machine Learning
Justt is an Israeli startup developing an AI-based chargeback management to fight fraudulent chargebacks. The firm closed a $30 million Series C funding round, led by Zeev Ventures with participation from existing investors Oak HC/FT and F2 Venture Capital.
With total funding now at $100 million, Justt is advancing its mission to transform chargeback management through its proprietary… Read More Here
Decart AI: Israeli Startup Launches AI Research Lab for Enterprise Efficiency Solutions
Decart is an Israeli startup that offers an efficiency-focused AI research lab. The firm raised $32 million in a Series A funding round led by Benchmark. This raise comes just six weeks after Decart came out of stealth last month when it raised $32 million in a Series A funding round led by Benchmark, taking its total funding over the past two months to $53 million… Read More Here
Affordable Care Act Plans & AI-Powered Telehealth Services | Israel’s Antidote Health
Antidote Health is an Israeli startup that supplies AI telehealth and ACA plans. The firm closed a $22 million round of funding bringing its total funding to date to $57 million.
The Affordable Care Act (ACA) has significantly expanded access to telehealth services, aligning with the growing role of AI in healthcare. Many ACA plans… Read More Here
Promise Bio: Revolutionary Israeli Medtech Startup Redefining Immune Disease Treatment
Promise Bio is an Israeli medtech startup transforming immune-mediated disease treatment with advanced precision medicine solutions. The firm emerged from stealth with an $8.3 million seed round of funding led by Awz Ventures with funding via AION Lab’s venture seeding track from AstraZeneca and Pfizer.
Promise Bio is poised to revolutionize precision medicine. With the recent influx of funding, including a grant from the Israel Innovation Authority and… Read More Here
One Zero Bank: Israeli Digital Platform Offers Free Forex and Securities Trading Commissions
Israeli digital bank One Zero, established by Israeli businessman Amnon Shashua, has launched new initiatives designed to significantly reduce commissions for customers engaged in foreign currency and securities trading. This move targets a highly profitable sector within the banking system. One Zero estimates that banks currently generate approximately 4 billion Shekels ($1.11 billion) annually in commission income solely from these trading activities… Read More Here
Politics
Henry Jackson Society Exposes Manipulation in Gaza Death Toll Reporting
Israel has been accused of committing war crimes in Gaza due to the over-inflated numbers of civilian casualties that have been reported there since the start of the Iron Swords war against the Hamas terrorist organization based there. However, few people seem to question the validity of the reported civilian casualty rates nor do they ask who is providing the data. Well, according to a report issued by the British think tank the Henry Jackson Society, the figures not only come… Read More Here
US Urges Israel to Greenlight Emergency Military Aid for Palestinian Authority Forces
The Biden administration requested Israel’s approval for U.S. military support to Palestinian Authority (PA) security forces as they carry out a large-scale operation in the West Bank, according to Palestinian, U.S., and Israeli officials speaking to Axios.
U.S. security coordinator Gen. Mike Fenzel and U.S. Ambassador to Israel Jack Lew reportedly asked the Israelis to approve the “urgent delivery of ammunition, helmets, bulletproof vests, radios, night vision equipment, explosive disposal… Read More Here
Science/Culture
Down Syndrome Cognitive Development: New Research Shows Promise for Adult Learning and Independence | Bar-Ilan University Study
A new study challenges previous assumptions about the cognitive potential of adults with non-specific intellectual disability (NSID), particularly those with Down syndrome (DS). Researchers from Bar-Ilan University, Ariel University, and Levinsky College of Education examined 340 adolescents (16-21) and adults (22-45) to compare their crystallized intelligence (acquired knowledge) and fluid intelligence (problem-solving skills). Published in Scientific Reports, the cross-sectional study revealed encouraging findings about cognitive growth and… Read More Here
Mergers and Acquisitions
Boomi Acquires Rivery: Israeli Data Integration SaaS Platform Expands Enterprise Analytics Solutions
Rivery, an Israeli startup that offers a Software as a Service SaaS ELT platform, has been acquired by American firm Boomi, which offers intelligent data integration and automation services. Rivery’s skilled data management team will join Boomi, strengthening the company’s ability to deliver world-class solutions to customers and accelerate its trajectory as a leader in the integration and automation space. The acquisition, expected to close by the end of 2024 pending customary closing conditions… Read More Here
Chainalysis Acquires Israeli Crypto Compliance Firm Hexagate to Expand Global Blockchain Security
Chainalysis, a major company that offers cryptocurrency investigation and compliance solutions to global law enforcement agencies, regulators, and businesses, has acquired Israeli blockchain startup Hexagate. While the terms of the deal were not disclosed, Calcalist reported that it was for $60 million.
Founded in 2023, Chainalysis offers cryptocurrency investigation… Read More Here
Other Business Stories
Tel Aviv Property Market Surges: Ranked Among World’s Top 15 Strongest Markets
Tel Aviv ranks within the top 15 strongest global property markets. Research by eXp Israel has revealed that Tel Aviv ranks within the top 15 global cities when it comes to the highest rate of house price appreciation seen across the real estate market over the last year. Interestingly, no US city ranked in the top 15, with New York City coming in at number 16 on the list.
eXp Realty analyzed annual growth in property values… Read More Here
Israel Develops Breakthrough 20-Qubit Quantum Computer: A National Tech Milestone
Israel has successfully launched its first domestically developed quantum computer, driven by advanced superconducting technology. The 20-qubit system was created through a partnership led by the Israel Innovation Authority, Israel Aerospace Industries (IAI), Hebrew University, and its technology transfer arm, Yissum. This collaboration has established a robust infrastructure for a superconductor-based quantum computer, along with a comprehensive… Read More Here
Ancient Ten Commandments Stone Tablet Sells for $5 Million at Sotheby’s Auction
In a historic auction on Wednesday, a stone tablet inscribed with the Ten Commandments, deemed the oldest of its kind by Sotheby’s, fetched over $5 million. The winning bidder, who chose to remain anonymous, intends to gift this significant artifact to an Israeli institution. However, the tablet is really only of the… Read More Here
