Mobility space, Spree Acquisition Corp. 1 Limited (NYSE: SHAP) has entered into a definitive business combination agreement for a de-SPAC merger with zTrip, the largest taxi fleet operator in the U.S. The business combination agreement would result in zTrip becoming publicly listed on the NYSE and the combined company will be named WHC Worldwide, Inc. […]
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In September, the Ministry of Innovation, Science and Technology named blue tech as one of Israel’s top research and development priorities over the next five years. That came after the July launch of the National Center for Blue Economy and Innovation, which aims to build sustainable technological innovation and entrepreneurship in the maritime space. Read […]
With sustainable energy taking center stage at the COP27 climate change conference in Egypt, news has emerged that Israel, the UAE and Jordan will sign an MOU at COP 27. The deal confirms the commitment of the three countries to develop a huge solar energy project in Jordan which will supply electricity to Israel and […]
“We’re optimistic and hopeful that we will close the deal by the end of the year,” Bahraini Minister of Industry and Commerce Zayed Alzayani said during a visit to a leading Israeli venture capital firm, Jerusalem Venture Partners. Read more on Reuters.
This week, ironSource merged with Unity to become the leading end-to-end platform for mobile game developers. ironSource completed its SPAC merger and began trading on Wall Street in June 2021, with a market cap of USD 11.1 billion, the most valuable SPAC merger involving an Israeli company. It is now completing its merger at a […]
Cybersecurity company Apiiro has raised a USD100 million Series B financing round led by General Catalyst, with participation by Greylock and Kleiner Perkins. The company did not share the valuation. The total raised so far is USD 135 million, as per Crunchbase. The Tel Aviv-based company’s solution identifies risks and weaknesses in the code of […]
Delek Group Ltd.’s UK North Sea oil and gas production unit Ithaca Energy is set for its flotation on the London Stock Exchange next week. The flotation will give Ithaca a valuation of between USD2.9 billion and USD 3.6 billion, and inject USD 340 – USD 540 million cash into Delek. This will be another […]
Israel-based computer vision company, Trigo, has raised USD 100 million in a new Series D equity financing round. Trigo, which builds the infrastructure for autonomous retail stores, plans to scale its deployment of autonomous urban supermarkets across Europe and the US, enter new jurisdictions, and develop its comprehensive store and inventory management software application suite, […]
Israeli startups raised over USD 700 million in October 2022, according to Globes. The relatively low figure for October can be explained partly by the slowdown in the global tech industry and partly by the fewer number of work days in the month due to the holidays. In October, the major financing rounds that were […]
Today, Israel is one of the world’s leaders in water technologies, reusing nearly 90% of its wastewater, and producing almost 80% of its drinking water through desalination plants. For Morocco, water stress has become an increasingly alarming problem. To address the issue, Baraka emphasized the need for “hydro-diplomacy.” At the beginning of this year, the Moroccan […]
