CHAMBER OF COMMERCE ISRAEL - UKRAINE

Israeli Іehavioral AI Startup Raised $8.2 Million Rep AI, an Israeli AI startup closed a Series A round, bringing in $8.2 million in funding led by Osage Venture Partners with participation from Flashpoint Venture Capital and Oryzn Capital. Rep AI uses behavioural AI to analyze the browsing patterns of each shopper on Shopify, helping anticipate when assistance from AI Concierge may be most needed. This system helps get a 30x ROI within the first month of implementation and drive an average of 22% higher conversions with existing customers. Rep AI will use it to develop its e-commerce sales tool, leveraging a proprietary combination of behavioural AI and large language models (LLMs) to help merchants provide personalized sales assistance at scale. Rep was founded in 2019 by Yoav Oz and Shauli Mizrahi and is used by 500 merchants worldwide. Source: https://lnkd.in/eV5kJ6BS

Check Point Acquires an Israeli Threat Intelligence Startup For $200 Million Deal Cyberint Technologies, the Israeli startup that specializes in threat intelligence, digital risk protection, and attack surface management, was acquired by Check Point Software Point. It is already the 10th Israeli company it has acquired in the last six years. According to Calcalist, the acquisition is valued at approximately $200 million, including shares and cash. Check Point plans to use Cyberint Technologies's solutions to enhance its Security Operations Center. Founded in Israel in 2010, Cyberint employs over 170 people across Israel, the USA, and Asia. To date, Cyberint has raised $65 million. Source: https://lnkd.in/d8cihfFM Photo: Yochai Corem and Shai Yatzkan, CEO and CFO of Cyberint.

Ukrainian syndicate Invests $645,000 in American Telemedicine Company Persimmon Toloka.vc, a Ukrainian venture syndicate, invested in the American company Persimmon, which develops the field of telemedicine. The investment in the company is $645,000. Waterline Ventures, Сadron Capital Partners, Plus, and several private investors participated in the round. The total size of the round is $5.2 million. The Ukrainian syndicate Toloka.vc was launched in 2023 by Oleksandr Kolba (Promodo), Ihor Shoifot (TMT Investments), and Taras Kyrychenko ("Nova Poshta"). Their first investment was around $1 million in the American medical service Forta. Persimmon, based in San Francisco, was founded in January 2022 by industry veterans Mark Hadfield and Matthew Bartlett.

Israel Company Concluded Heat as a Service (HaaS) Agreement With European Pet Giant Brenmiller Energy, an Israeli company that provides sustainable thermal energy storage solutions, concluded a 12-year Heat as a Service agreement with Partner in Pet Food Hungaria KFT (PPF), one of Europe’s leading label pet food producers. Brenmiller Energy creates electricity through rooftop solar panels, which it uses to boil water to make steam. That steam in turn heats crushed rocks. When there’s electricity demand but the sun isn’t shining, the heat can be used again to boil water. Steam from that water produces clean electricity through the use of a generator. Brenmiller will design, build, own and operate a 30 MWh bGen ZERO system for PPF’s pet food manufacturing plant in Dombovar, Hungary.  The company was founded by Avi Brenmiller in 2012. The company is traded on NASDAQ and has raised over $100m. Source: https://lnkd.in/dNNsVxGY

2 Israeli Startups Together Create AI and Robotics-Powered Model for Sustainable Agriculture Fermata, an Israeli startup that focuses on applying data science and computer-vision solutions for agriculture, and agRE.tech, an Israeli startup in the sphere of agri-photovoltaics (dual use of land for agriculture and solar-power generation) partnered to create an AI and robotics-powered model for sustainable agriculture. Fermata integrated its core product, Croptimus, with agRE.tech’s solar-powered autonomous robotic system, which fully automates the crop management process. This partnership brings a sustainable and cost-efficient method for crop screening. It addresses the shortage of skilled farmworkers who work tirelessly to check each crop and allow growers to shift their focus to mitigating threats before they worsen. Croptimus can detect a wide range of threats, sending automatic updates to growers and agRE.tech’s operating system, enabling the robots to spray the appropriate treatment to the exact problem area autonomously. - Fermata was founded in 2020 and based within the Mikveh Israel Agriculture School compound in Holon by Valeria Kogan. - AgRE.tech’s A²PV operating system leverages robotics, manipulators, sensors, controlled PV panels, and cutting-edge AI. Elad Levy is a co-founder of AgRE.tech, founded in 2022. Source: https://lnkd.in/dEpndkwW

Ukrainian University Developed Fire-Resistant Glass Technology The team of Professor Serhiy Varvarenko, Institute of Chemistry and Chemical Technologies of the Lviv Polytechnic National University developed fire resistance glass technology. The liquid-filling composition fills the interglacial space of the double-glazed unit. As soon as the temperature rises to 150–250⁰C, this layer changes its properties and turns into protective material, which allows the glass structure to maintain its integrity without holes or cracks, as well as its thermal insulation ability. Ukrainian manufacturers who produce special-purpose double-glazed windows could freely implement it. In comparison with foreign technology, this glass has a beneficial price.  This project received grant support from the National Research Fund of Ukraine. Source: https://lnkd.in/dUBkyDe7

Israeli Startup Receives FDA Approval for Its Cardiac Ultrasound Software Platform AISAP, an Israeli medtech startup, received clearance from the U.S. Food and Drug Administration (FDA) for its AI-powered Point-of-Care Assisted Diagnosis (POCAD) solution. AISAP CARDIO is indicated to provide diagnostic assessment and measurements of several key cardiac structural-functional parameters, including the presence of valvular pathology, and measurements of left ventricle ejection fraction, right and left ventricular dimensions, right ventricular fractional area change, atrial areas, ascending aorta diameter, and inferior vena cava diameter. AISAP, which is developed in cooperation with Sheba Medical Center's ARC Innovation Center, raised $13 million in Seed funding in May of this year. The round was led by Harel Insurance Investments & Financial Services Ltd., and Shoni Top Ventures, L.P. The company was founded by Adiel Am-Shalom, Ehud Raanani, Robert Klempfner, MD, and Ehud Schwammenthal. Source: https://lnkd.in/dgHQ_45w

Johnson & Johnson Acquires Israeli Medical Device Maker For up to $1.7 Billion V-Wave, an Israeli startup that develops innovative treatment options for patients with heart failure, is to be acquired by Johnson & Johnson for up to $1.7 billion. V-Wave's device is implanted in the heart through a minimally invasive procedure to help reduce heart failure and other events. V-Wave’s cardiovascular implant technology specifically targets heart failure with reduced ejection fraction (HFrEF). In HFrEF, a patient’s heart muscle has insufficient ability to pump blood containing oxygen and nutrients to the body. V-Wave will join Johnson & Johnson as part of Johnson & Johnson MedTech. V-Wave was established in 2009 and has offices in Israel and the USA. Source: https://lnkd.in/dDes3qqU

Israeli Startup Raised $6 Million for AI Assistant for DevOps Teams Kubiya.ai, an Israeli startup, raised $6 million and took its Seed funding to $12 million after initially raising $6 million in October 2022. Heavybit led the current financing, with Hyperwise Ventures participating. The company launched its new platform, AI Teammates, that enables the delegation of complex tasks to digital colleagues through organic, human-like conversations. "If fully automating a process was as simple as asking a colleague to take on a task, delegating with trust that it would be completed in a predictable, controllable, and auditable manner, then almost anything could be automated," said Kubiya co-founder and CEO Amit Eyal Govrin.  Kubiya is co-founded by CEO Amit Eyal Govrin and CTO Shaked Askayo in 2022. Source: https://lnkd.in/dxcdvPRe

Representatives of the Odesa Region Administration Take an International Course In Haifa By invitation from the Israeli Embassy in Ukraine, the representatives of the Odesa region administration take part in the international course "Innovative Approaches to Local Disaster Management" at MASHAV Carmel Training Center. Israel's Agency for International Development Cooperation at MFA Center in Haifa. Ukrainian participants were among other participants from 8 different countries: Eswatini, Ethiopia, Georgia, Ghana, Malawi, Philippines, Vietnam, and Zambia. 17 participants will engage in intensive training sessions, learn about Israel's best practices in disaster management at the local level, and share their unique experiences and strategies. The course will cover community resilience, emergency preparedness, and innovative response techniques. Participants will have the opportunity to visit key sites, interact with local experts, and engage in hands-on activities designed to enhance their understanding and skills. This initiative is held in cooperation with the @International Resilience Center of Sderot (ICRS). Michael Brodsky MASHAV, Aid From Israel