Israel and US to forge $200m tech hub for AI and quantum science
Israel and the United States are set to establish a joint science and technology center focused on artificial intelligence and quantum science, with a total investment of $200 million.
Mapping Israel’s $20B GenAI boom: 342 startups and counting
A new report by Remagine Ventures shows that Israel’s generative AI ecosystem continues to grow rapidly, with 342 active startups, up from just 144 a year ago.
Major German–Israeli AI exit: NICE acquires Düsseldorf’s Cognigy for approx. $955M
In a landmark cross-border deal, Israel’s NICE is acquiring the German conversational AI firm Cognigy, based in Düsseldorf, for approximately $955 million.
Israel emerges as a global hub for smart mobility innovation
As detailed in the latest report by the Israel Vehicle Importers Association, Israel has emerged as a global leader in smart mobility innovation. With more than 724 active mobility startups, the country ranks fourth globally—behind...
Israel Signs Historic $35B Gas Export Agreement with Egypt
NewMed Energy and its Leviathan partners have signed Israel’s largest-ever export deal, agreeing to supply 130 billion cubic meters (BCM) of natural gas to Egypt by 2040.
Israel to Invest NIS 40 Million in National R&D Lab for Space Technology
Israel is set to invest NIS 40 million (approximately $12 million) to establish a national research and development laboratory aimed at supporting startups developing space-bound technologies.
New wave: Israeli startup turns sea power into energy at Los Angeles port and beyond
Israeli company Eco Wave Power has launched its wave-powered energy system at the Port of Los Angeles, the first onshore wave energy station in the United States.
Germany signs nearly €4 billion deal for Israel’s Arrow 3 missile defense system
Biggest-ever Israeli defense sale expected to be finalized next month, but signing Thursday kicks off manufacturing of batteries set to form top layer of European Sky Shield plan
Nine Israeli startups secure $142 million in funding from EU Horizon program
Israel ranks third in Europe in terms of the number of startups to win funding from the European Innovation Council’s accelerator program, following Germany and France
The Max Planck Society’s new office in Jerusalem began its operations with Hila Elroy as the head of office as of 1 September 2024. Elroy, who has worked closely with Ron Robin, the former President of the University of...
The rise in startups across Europe has been a steady yet sturdy inclining trend, yet Germany seems to be gaining ground in the sector, showing huge improvements in a new ranking for the best hotspots for AI startups.
