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Israel Trade & Economic Office

U.S. Midwest Region

Israel Innovation Authority Launching Tender for Second BioTech Incubator

category: Life Sciences
Due to the success of FutuRx, Israeli biotech incubator led by Takeda Ventures, Johnson & Johnson Innovation, OrbiMed Israel, and the Innovation Authority, the Israel Innovation Authority is planning to publish a tender for
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Israeli Pontifax Fund Profits from $11.9b Acquisition of US Kite Pharma

category: Life Sciences
Pharmaceutical company Gilead Sciences Inc. has announced that it will acquire US company Kite Pharma Inc., developer of personalized cancer treatment drugs, at a company value of $11.9 billion, making the deal one of the largest
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Israeli Automotive Company Oryx Vision Raises $50 Million

TechCrunch recently reported that the Israeli automotive technology company Oryx Vision has raised a $50 million Series B round. The funds will help Oryx to continue to develop and commercialize its innovative LiDAR tech, which
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Mexican firm to buy Israel drip irrigation pioneer Netafim for $1.5 billion

category: Agriculture
Mexican pipe manufacturing firm Mexichem has signed a deal to buy 80% of Netafim, Israeli pioneer in drip irrigation, valuing the company at $1.895 billion. Mexichem has committed to preserve Netafim’s activity in Israel for
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CIO.com: Hackers are Aggressively Targeting Law Firms’ Data

category: Cyber Security
A recent article from CIO.com outlines how hackers are targeting law firms’ data more and more frequently.   “Law firms are the subject of targeted attacks for one simple reason,” says John Sweeney, President of 
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CBInsights Overviews Israel’s Drone Industry Investments

category: Aerospace, Investing
In a recent article titled, “Drone Planet: The Most Well-Funded Private Drone Companies In One Map, CBInsights overviews international investment activity in the drone/uav/uas space. Israel is ranked third, with more than $37 million invested
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5 Reasons to Move your Business to the Midwest

category: Agriculture
Read Inc.’s 5 top reasons to consider taking your business to the Midwest here.
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5 Israeli Precision-Ag Companies Making Agriculture Smarter

category: Agriculture
Precision agriculture is transforming farmers and their fields, making both ‘smarter.’ The industry is pivoting towards completely autonomous solutions. Read more about 5 of the smartest Israeli precision agriculture companies here.
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Israeli Auto Tech VC Raises $40m

category: Automotive
Israel-based venture capital firm Maniv Mobile LP, which invests mostly in early-stage transportation technology startups, has raised more than $40 million, twice its goal, for its first fund. The fund will act as a bridge for
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Israeli Artificial Intelligence Ag-Tech Startup Prospera Raises $15m

category: Agriculture
Israeli startup Prospera has raised a $15 million Series B to expand the scope of its technology, which uses computer vision and artificial intelligence to help farmers analyze data gathered from their fields. Read
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