A major focal point and trend for corporations and major metropolises in the world’s developed countries today is that of so-called smart-city technologies. Smart-city tech is a term that refers to any technology consistently being used to improve municipal infrastructure. These innovations typically manifest as upgrades to existing technology and tools already in use for a myriad of daily public functions.
OurCrowd is a leading, crowd equity platform based in Jerusalem with branches in the U.S., Canada, Singapore and Australia. The firm just wrapped up its biggest investor conference, which involved an exhibition of the latest robotics, drones, medtech, AI, and mobility tech. Jon Medved, CEO of OurCrowd, made headlines with his announcement that OurCrowd raised $650 million, anticipating that they will soon break the $1 billion ceiling this year.
This year’s third quarter marks an impeccable period for fundraising deals in the Israeli tech industry. The sector raised $1.44 billion, which represents a 54 percent increase from the same quarter last year according to the latest report from the Tel Aviv law firm, Zysman Aharoni Gayer & Co., and IVC Research Center. Software companies accounted for a fourth of total market capital, which is actually a considerable decline from the two-year average of 35 percent albeit still significant.
The recent wave of terror attacks is certainly one of the most prevalent dangers that Israel is faced with at the moment. However, the threats of rockets from Gaza to the South and Hezbollah to the North is still a danger we must consider and prepare for. With rockets, Israelis may only have seconds to get to a shelter, meaning every second is important. iOref, an app developed by the IDF, wants to give Israelis every second possible to find shelter.
On February 29, two IDF soldiers accidentally drove into the Qalandiya refugee camp late at night. They were attacked by rioters with firebombs and rocks and their jeep caught on fire, causing them to flee and separate. This sparked a riot which ended with a firefight between Palestinians and IDF troops who came to rescue the two soldiers. At the end of the fight, one Palestinian was dead and others were injured. The soldiers were found and rescued, but the outcome could have been much, much worse. Why would they drive into a dangerous refugee camp?
Israel is known as the start-up nation. From Waze to StoreDot, Israeli start-ups are changing the face of the high-tech world. Start-ups like these don't just become successful. They usually need help with marketing, development, and, of course, money. They need investors and a whole lot of mentoring to get their idea off the ground. A platform that often helps aspiring start-ups is the start-up accelerator.
The Internet of Things (IoT) is quickly taking over society. From smart watches to smart home systems, the IoT is infiltrating our lives on a larger and larger scale, and for good reason. The IoT makes us use energy more efficiently, stay aware of the world around us while also using the internet, and keep track of basically anything, and that's barely scratching the surface of how much the IoT is affecting the world around us.
As much as the trucking industry is both helpful and necessary, it's also an enormous pain in the neck. Trucks, which are often empty or not filled to optimum capacity, cause traffic congestion, air pollution and can be a waste of manpower and time. Not only that, but in Europe alone, inefficiency has been estimated to have cost 160 billion Euro. What if we could change something with the trucking industry that not only lowers air pollution and traffic congestion, but also makes transporting goods more efficient and cost-effective? Well it turns out we can.
Camero, an Israeli hi-tech startup, has clients in over thirty countries around the world. Its flagship product is its line of Xaver sensors, which use micro-power pulse radar technology to create three-dimensional images of rooms behind walls of various materials.
After a number of acquisitions in Israel, Facebook announced that it plans to turn the former headquarters of Onavo, an Israeli start-up which Facebook purchased last October, into a center for development and growth around the world.