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Israeli startup MetoMotion's greenhouse robotic worker picks and packs tomatoes. (Courtesy)
Israeli startup develops first AI robot for picking tomatoes
By Sharon Wrobel
MetoMotion says driverless machine slashes harvesting costs by 50%; startup seeks to raise $8 million to scale up production
Israel's Economy Minister Nir Barkat speaks with Cybertech’s Shir Meir at the Cybertech Global conference in Tel Aviv on February 1, 2023. (Gilad Kavalerchik)
Economy minister: Judicial shakeup plan won’t affect investments
By Sharon Wrobel
Nir Barkat tells tech leaders that contentious proposals for judiciary not mentioned by global counterparts; says as long as Israel has the best ideas, its tech sector will thrive
Verbit co-founder and CEO Tom Livne speaks to Channel 12 on January 31, 2023. (Screen capture/Channel 12)
Unicorn CEO says he’ll leave Israel, stop paying taxes to protest legal overhaul
By TOI staff
Promoted Content
A trip to the Moon via feasting and ‘Fauda’
OurCrowd Global Investor Summit on Feb. 15 showcases Israel’s startup nation for thousands of global visitors
Israeli tech company employees stage protest in Tel Aviv against judicial overhaul, January 21, 2023 (Courtesy)
Hundreds of tech workers rally against judicial shakeup plans for 2nd week in a row
By Sharon Wrobel
Protests held at 16 sites across country, including in Tel Aviv, where some demonstrators try to block traffic, clash with police; former Supreme Court head warns against plan
A stock market ticker screen in the lobby of the Tel Aviv Stock Exchange, March 9, 2020. (Avshalom Sassoni/Flash90)
Shares, government bonds slide as planned judiciary shakeup dampens investor mood
By Sharon Wrobel
Eynat Guez, co-founder and CEO of workplace management platform Papaya Global. (Courtesy)
Israel payroll platform Papaya Global says it plans to move funds out of country
By Sharon Wrobel
Israeli startup Gem Security rolls out cyber threat platform for cloud-based services. (Courtesy)
Israeli startup Gem Security nabs $11m in seed round led by Team8
By Sharon Wrobel
Tel Aviv-based company develops cloud security platform for real-time detection and fast response to threats and breaches
Women still only about a third of tech employees in Israel
By Sharon Wrobel
Women continue to be underrepresented in the Israeli tech ecosystem, accounting for about 34% of the industry's workforce, according to a 2022 report released Sunday. The startup Israeli ecosystem diversity report conducted for the second consecutive year by Power in Diversity, an initiative set up by Alan Feld, a Canadian-Israeli founder and managing... Continue Reading
Ultra-Orthodox young women in the Adva training program, which aims to teach them with tech skill (Courtesy)
A view of a construction crane in the southern Israeli city of Ashdod, on June 21, 2022. (Nati Shohat/Flash90)
Central bank urges higher residential property tax to alleviate housing crisis
By Sharon Wrobel
Bank of Israel: Increase tax on housing, and cut it on land zoned for business and commerce, to help encourage residential construction
Israeli startup GreenOnyx showcases fully-automated technological platform for growing fresh green vegetables. (Courtesy)
Agriculture 4.0: Israeli startup sets up smart urban farm for fresh green superfood
By Sharon Wrobel
GreenOnyx has developed a sterile, fully autonomous modular tech farm to grow fresh ready-to-eat duckweed-based green superfood for daily intake
Pigmentum founders Tal Lutzky and Amir Tyroler hold up lettuce used to produce animal-free milk protein. (Courtesy)
Israeli agrotech startup pulls in $6m for cow-free milk and cheese made from lettuce
By Sharon Wrobel
Apollo Power opens first-of-its-kind factory for mass production of lightweight flexible solar panels. (Ilan Safra/Courtesy)
Israel’s Apollo Power opens ‘world’s first’ factory for flexible solar film panels
By Sharon Wrobel
Israeli smart freight firm to list on Nasdaq via SPAC merger at $500m valuation
By Sharon Wrobel
Freightos, a Jerusalem-based smart freight booking and payment platform, will start trading on Nasdaq on Thursday through a merger with a special purpose acquisition company (SPAC) at a valuation of $500 million. The firm is listing on Nasdaq after closing its merger with Gesher I Acquisition Corp., a publicly traded SPAC. The combined... Continue Reading
Freightos' online marketplace for international air and ocean freight services. (Courtesy)
Israeli tech company employees stage a one-hour protest in Tel Aviv against judicial overhaul, January 24, 2023 (Courtesy)
Employees of legal civil service warn of potential strike
Hundreds of tech workers strike, block Tel Aviv road to protest judicial overhaul
By Sharon Wrobel
Demonstrators against controversial plan warn of threat to foreign investments, impact on economy; NY-based investor in local startups says it supports action
Tens of thousands of Israelis protest against the government's planned judicial overhaul, in Tel Aviv, January 21, 2023. (Avshalom Sassoni/Flash90)
Top Bank of Israel official quits, says he can’t remain ‘while democracy in danger’
By TOI staff
Sanofi extends cooperation with Israel’s CytoReason for bowel disease drug discovery
By Sharon Wrobel
Sanofi extended its cooperation with CytoReason, a developer of computational disease models for drug discovery, to help the French drugmaker in its pursuit of new treatments for patients with inflammatory bowel disease (IBD). Under the terms of the expanded agreement, Sanofi will pay CytoReason an undisclosed multimillion dollar amount to use its computational... Continue Reading
CytoReason co-founders from right to left: David Harel, CEO; Prof. Shai Shen-Orr, chief scientist; Elina Starosvetsky, VP Biology; Renaud Gaujoux, principal scientist and data science architect. (Fabian Koldorff)
Founders of Israel-based startup Iguazio (from left to right) Yaron Haviv, Yaron Segev, Orit Nissan-Messing, and Asaf Somekh (Credit: Yanai Yehcieli/Courtesy)
McKinsey buys Israeli AI startup Iguazio, its first acquisition in the country
By Sharon Wrobel
Global management consultancy firm says Israel has vibrant startup ecosystem, seeks further partnerships, acquisitions
A man stands at a cash machine of the Israel Discount Bank in Jerusalem, on July 1, 2013. (Nati Shohat/Flash 90)
Finance minister requires Israel Discount Bank to spin off its credit card business
By Sharon Wrobel
Israel’s fourth-largest bank needs to sell CAL as part of government policy to boost competition in the consumer credit market, Smotrich says
A combination of photos showing former Bank of Israel governors Karnit Flug (L) and Jacob Frenkel. (Yonatan Sindel and Yossi Zeliger/Flash90)
Ex-Bank of Israel chiefs warn judicial overhaul ‘could deal severe blow’ to economy
By TOI staff and Sharon Wrobel
Jacob Frenkel, Karnit Flug say ‘strength of judicial system a central factor determining Israeli economy’s status in world’; dozens of companies plan strike Tuesday
VC warns: If Israel democracy is harmed, tech firms will need to flourish elsewhere
By Sharon Wrobel
CEO warns judicial overhaul plan threatens Israel’s position as a business hub
By Sharon Wrobel
Mellanox founder says investors are raising questions about incoming government
By Sharon Wrobel
Outgoing Interior Minister Ayelet Shaked seen in the Knesset plenum in Jerusalem on December 26, 2022. (Olivier Fitoussi/ Flash90)
Former minister Ayelet Shaked to serve as chairman of Kardan Real Estate
By Sharon Wrobel
Appointment subject to approval of the firm’s remuneration committee, board of directors and shareholders
Israeli appointed CEO of US chip manufacturer Texas Instruments
By TOI staff
Texas Instruments on Thursday announced the appointment of Israeli-American Haviv Ilan as the US chip company's new CEO. He will replace the semiconductor manufacturer's longtime executive Rich Templeton in April after the latter held the post for 18 years. Ilan, 54, joined the Dallas-based firm in 1999 when it purchased his Israeli tech startup... Continue Reading
Texas Instruments CEO Haviv Ilan. (Texas Instruments)
Israeli startup Verobotics develops autonomous AI-powered robots used to clean and inspect the facades of high-rise buildings. (Courtesy)
Meet the Israeli robot spiderman that will clean skyscraper facades in Hong Kong
By Sharon Wrobel
Verobotics inks $5.4 million deal for its AI-powered ‘human-like’ vertical robots to clean and inspect the exterior of high-rise buildings in Hong Kong
The new Tel Aviv University robot, with smell capabilities that use a locust's antenna (YouTube screen grab/Tel Aviv University)
Israeli robot fitted with locust antenna gains scent superpowers
By Nathan Jeffay
AI21 founders (from right to left): Prof. Yoav Shoham, Ori Goshen, and Prof. Amnon Shashua. (Roei Shor Photography)
AI21 Labs, co-founded by Amnon Shashua, rolls out AI feature to spice up writing
By Sharon Wrobel
NLP startup says Wordtune Spices is a generative AI toolbox to help students and professionals enrich their writing with statistical facts, analogies, and jokes
Passengers wait for a bus at the entrance to Jerusalem on August 1, 2022. (Olivier Fitoussi/Flash90)
Israel’s inflation at 5.3% in 2022, its highest level since 2008
By Sharon Wrobel
Consumer price index rose 0.3% in December, led by gains in housing, food, transportation, and telecommunications prices, according to Central Bureau of Statistics
An illustrative photo of newly completed high-rise residential buildings in the 1200 neighborhood of Hod Hasharon, in central Israel on September 14, 2022. (Michael Giladi/Flash90)
Rise in housing prices slows but still up almost 19% from 2021
By Danielle Nagler
Illustrative image of economic downturn, recession, and crashing stock markets (SARINYAPINNGAM; iStock by Getty Images)
World’s chief executives most pessimistic in over a decade about global growth
By Sharon Wrobel
New Finance Minister Bezalel Smotrich, left, shakes hands with outgoing minister Avigdor Liberman at a handover ceremony at the Finance Ministry in Jerusalem, January 1, 2023. (Yonatan Sindel/FLASH90)
For first time in 35 years, Israel posts budget surplus driven by higher tax revenue
By Sharon Wrobel
Finance Ministry says last 12 months saw ‘exceptionally high increase in state revenues’ and ‘impressive recovery’ by economy from pandemic crisis
FILE - Activists participate in a climate march calling on the government to take action to reduce greenhouse gas emissions to limit the impact of climate change in Tel Aviv, Oct. 28, 2022. (AP Photo/Oded Balilty, File)
Israel raises $2 billion in its first-ever issuance of 10-year green bonds
By Sharon Wrobel
Illustrative view of high-tech office buildings in Herzliya Pituach, Israel, December 12, 2015. (Nati Shohat/Flash 90)
Inside story
Year of the reset: As era of cheap money ends, how will Israeli tech fare in 2023?
By Sharon Wrobel
Israeli tech firms brace for more cost savings, downsizing to get through global slowdown as the strong get stronger and the weak get weaker
Israeli startup MetoMotion's greenhouse robotic worker picks and packs tomatoes. (Courtesy)
February 2, 2023, 6:15 pm
Israeli startup develops first AI robot for picking tomatoes
MetoMotion says driverless machine slashes harvesting costs by 50%; startup seeks to raise $8 million to scale up production
By Sharon Wrobel
Israel's Economy Minister Nir Barkat speaks with Cybertech’s Shir Meir at the Cybertech Global conference in Tel Aviv on February 1, 2023. (Gilad Kavalerchik)
February 1, 2023, 7:58 pm
Economy minister: Judicial shakeup plan won’t affect investments
Nir Barkat tells tech leaders that contentious proposals for judiciary not mentioned by global counterparts; says as long as Israel has the best ideas, its tech sector will thrive
By Sharon Wrobel
Israeli startup Gem Security rolls out cyber threat platform for cloud-based services. (Courtesy)
February 1, 2023, 7:29 pm
Israeli startup Gem Security nabs $11m in seed round led by Team8
Tel Aviv-based company develops cloud security platform for real-time detection and fast response to threats and breaches
By Sharon Wrobel
Verbit co-founder and CEO Tom Livne speaks to Channel 12 on January 31, 2023. (Screen capture/Channel 12)
February 1, 2023, 1:38 am
Unicorn CEO says he’ll leave Israel, stop paying taxes to protest legal overhaul
Tom Livne, whose Verbit transcription firm is valued at $2 billion, urges other tech executives to emigrate, argues it’s the only way to get government to listen to concerns
By TOI staff
Israeli startup UpStay develops fully automated platform for personalized upgrades of hotel rooms. (Courtesy)
January 31, 2023, 9:14 pm
Canadian traveltech firm buys Israeli hotel upgrade startup UpStay, opens R&D center
Upstay’s system uses AI algorithms to send hotel guests personalized offers for upgrades; Canada’s Plusgrade says it plans to hire an additional 30 people for Israeli R&D center
By Sharon Wrobel
Israeli tech company employees stage protest in Tel Aviv against judicial overhaul, January 21, 2023 (Courtesy)
January 31, 2023, 5:12 pm
Hundreds of tech workers rally against judicial shakeup plans for 2nd week in a row
Protests held at 16 sites across country, including in Tel Aviv, where some demonstrators try to block traffic, clash with police; former Supreme Court head warns against plan
By Sharon Wrobel
A view of a construction crane in the southern Israeli city of Ashdod, on June 21, 2022. (Nati Shohat/Flash90)
January 30, 2023, 9:47 pm
Central bank urges higher residential property tax to alleviate housing crisis
Bank of Israel: Increase tax on housing, and cut it on land zoned for business and commerce, to help encourage residential construction
By Sharon Wrobel
Ultra-Orthodox young women in the Adva training program, which aims to teach them with tech skill (Courtesy)
January 30, 2023, 3:09 pm
Women still only about a third of tech employees in Israel
New report by Power in Diversity also shows Arab and ultra-Orthodox participation rates in the tech workforce remain low
By Sharon Wrobel
A stock market ticker screen in the lobby of the Tel Aviv Stock Exchange, March 9, 2020. (Avshalom Sassoni/Flash90)
January 29, 2023, 7:55 pm
Shares, government bonds slide as planned judiciary shakeup dampens investor mood
Concern over changes to the judicial system and investors pulling money out Israel puts focus on a potential weakening of the shekel, says Goldman Sachs
By Sharon Wrobel
A magnified image of the new 'nano needles' invented by scientists at Ben Gurion University in a bid to overcome antibotic resistance. (Courtesy/Ariel Kushmaro)
January 27, 2023, 11:18 am
Israeli find shown to combat antibiotic resistance by ‘pricking bacteria to death’
Ben Gurion University scientists develop substance containing ‘nano needles’ that lab tests indicate can overpower 90% of superbugs by physically destroying the pathogen
By Nathan Jeffay
Israeli startup GreenOnyx showcases fully-automated technological platform for growing fresh green vegetables. (Courtesy)
January 26, 2023, 10:31 pm
Agriculture 4.0: Israeli startup sets up smart urban farm for fresh green superfood
GreenOnyx has developed a sterile, fully autonomous modular tech farm to grow fresh ready-to-eat duckweed-based green superfood for daily intake
By Sharon Wrobel
Eynat Guez, co-founder and CEO of workplace management platform Papaya Global. (Courtesy)
January 26, 2023, 4:29 pm
Israel payroll platform Papaya Global says it plans to move funds out of country
CEO Eynat Guez says planned judicial changes threaten democracy, hurt economy; VC fund Disruptive AI says foreign investors worry, ask for funds to be held in banks outside Israel
By Sharon Wrobel
Freightos' online marketplace for international air and ocean freight services. (Courtesy)
January 26, 2023, 11:35 am
Israeli smart freight firm to list on Nasdaq via SPAC merger at $500m valuation
Jerusalem-based Freightos’s online booking and payment marketplace allows businesses to compare, book and manage air and ocean freight services
By Sharon Wrobel
Apollo Power opens first-of-its-kind factory for mass production of lightweight flexible solar panels. (Ilan Safra/Courtesy)
January 25, 2023, 8:47 pm
Israel’s Apollo Power opens ‘world’s first’ factory for flexible solar film panels
Amazon, Volkswagen and Audi are among a number of companies deploying the company’s technology for use on cars, roofs and aircraft
By Sharon Wrobel
Pigmentum founders Tal Lutzky and Amir Tyroler hold up lettuce used to produce animal-free milk protein. (Courtesy)
January 25, 2023, 4:09 pm
Israeli agrotech startup pulls in $6m for cow-free milk and cheese made from lettuce
Investors in Pigmentum’s seed round include Kibbutz Yotvata, Tnuva, Tempo, Arkin Holdings, and OurCrowd
By Sharon Wrobel
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