Startup Compass Ranks Israel's Capital as One of the World's Top 50 Startup Cities
Major technology companies have already been located in Jerusalem in the distant past, but in recent years, the city has further developed its startup industry, holding onto local forces and brains. Last July, Jerusalem was listed by Startup Compass as one of the world's 50 leading startup cities. Discover how Jerusalem turned into a high-tech hive.
Tel Aviv Startups Opened Their Doors on ‘Open Startup’ Event
As part of the annual DLD Innovation Week, Tel Aviv’s most high-profile tech conference, startups throughout the city have once again opened their doors to the public this week. For the Open Startup event, people were invited to tour the offices of some of the coolest startups and work spaces. 112 startups participated in this year’s Open Startup event. NoCamels listed 10 startups that were worth visiting.
India to Buy Armed Israeli Drones in $400M Deal
The Indian government last week approved the purchase of 10 Israeli-made armed Heron drones for the sum of $400 million. Indian publication The Economic Times called the purchase of the missile-armed drones “a crucial acquisition that will enhance India’s cross-border military strike capability.” According to the report, the drones will be operated by the Indian Air Force, and will join its fleet of reconnaissance drones. The Indian Air Force also has a fleet of Harpy unmanned aerial vehicles from Israel — craft that self-destruct and are primarily used to destroy enemy radar positions.
Beverly Hills to Sign Strategic Agreement with Israel
At a time when the word agreement is mentioned in the United States primarily in the Iranian context, it was the Beverly Hills municipality that has unanimously passed a resolution to sign a strategic agreement with the Israel a few days ago. The vote on the resolution to sign the agreement, that will formalize cooperation in the fields of water conservation and cybersecurity, was accompanied by voters' cheers.
Israeli Med Tech Company Bought for Record $929 Million
A mega acquisition deal worth roughly $929 million of Israeli replacement heart valve maker Valtech Cardio by HeartWare International has Israel’s startup sector buzzing with excitement. The US-based heart technology company announced that it has entered into a definitive agreement to acquire the privately held Or Yehuda company, which employs just 40 people, and specializes in the development of devices for mitral and tricuspid valve repair and replacement.
