Tag Archive for Israel high-tech

| March 28, 2019
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McDonald’s set to acquire Israel’s Dynamic Yield for $300 million

America’s mega fast-food giant will use Israel’s Dynamic Yield’s technology to change drive-thru menu displays to show trending menu items and food based on time of day, current restaurant traffic and even the weather.
• McDonald’s plans to roll out the technology in the U.S. in 2019.

By Reuters and Israel Hayom Staff

 

McDonald’s Corp. said on Monday it would buy Israel’s Dynamic Yield, whose technology helps marketers personalize customer interactions, to boost its online marketing efforts.

McDonald’s will pay more than $300 million, a person familiar with the matter said.

McDonald’s DRIVE- THRU Sign in Harlem, NY. – Photo: Wikimedia,Sam Smith

McDonald’s said it would use Dynamic Yield’s technology to change its digital drive-thru menu displays to show food based on the time of day, weather, current restaurant traffic and trending menu items. Continue Reading »

Category: Israel News | Tags: , ,
| March 11, 2019
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US processing giant Nvidia acquires Israel’s Mellanox for $6.9 Billion

“We share the same vision for accelerated computing as Nvidia,” said Israel’s Mellanox CEO, Eyal Waldman. “This combination will foster the creation of powerful technology and fantastic opportunities for our people.”

By EYTAN HALON

 

American technology giant Nvidia will acquire Israeli chipmaker Mellanox in a deal worth $6.9 billion, the companies announced on Monday.

The Yokne’am-based company, founded in 1999 and listed on the Nasdaq Stock Market, supplies end-to-end interconnect solutions and services for data center servers and storage systems.

Nvidia’s purchase of the company, acquiring all issued and outstanding common shares for $125 per share in cash, puts an end to months of reported takeover attempts by some of the world’s biggest hi-tech firms, including Intel, Microsoft and Xilinx. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , , , ,
| May 3, 2018
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US based Tyson Foods invests $2.2M in Israeli biotech that grows meat in labs

Tyson Foods, the largest US meat processor, invests $2.2 million in Jerusalem-based biotech firm, Future Meat Technologies,  one of several companies working on technology to supply increased demand for meat without depleting the planet’s resources.

By Reuters and Israel Hayom Staff

 

Tyson Foods, the largest U.S. meat processor, has invested in an Israeli biotech company developing a way to grow affordable meat in a laboratory that takes live animals out of the equation.

Future Meat Technologies focuses on producing fat and muscle cells that are the core building blocks of meat, and is one of several firms working on technology to meet the world’s rising demand for meat without adding more pressure on land from livestock. Continue Reading »

Category: Israel News | Tags: , , ,
| February 15, 2018
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Israeli firm’s “firewall” neutralizes facial recognition algorithms on uploaded photos

In a bold move to secure personal privacy, D-ID’s “firewall”, planned to be launched in May, will foil facial recognition algorithms by subtly altering uploaded images to protect identities, undercutting automatic social media facial recognition capabilities.
• Firm’s CEO, “Our photos must be protected because unlike passwords, you cannot change your face.”

By Reuters & Israel Hayom Staff

 

Big brother is watching. But in the future, he may no longer be so all-knowing.

Riding the wave of a global push to comply with new privacy standards, a small Israeli company believes it can help you, and your face, stay anonymous in a hyper-connected world. Continue Reading »

Category: Israel News | Tags: , , ,
| July 21, 2017
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Intel Israel boon to local techies with added recruitment of 1,500 employees by 12/ 2018

Intel Israel CEO, Yaniv Garty says along with the expected recruitment of 1,500 new employees, currently 6,900 development workers and 3,300 production workers are employed.

By Tzahi Sade

 

Speaking at a tour of the technology company Intel’s factory in Kiryat Gat on Thursday, Intel Israel CEO Yaniv Garty noted that production of Intel’s newest generation of chips is scheduled to start by the beginning of 2018 and possibly earlier, and that by the end of 2018 about 1,500 new employees will be recruited.

Intel’s factory in Kiryat Gat – Photo: Globes.co.il

Garty also said that “Intel Israel employs 6,900 development workers and 3,300 production workers and that the company “exports $ 3.35 billion annually. Continue Reading »

Category: Israel News | Tags: ,
| June 23, 2017
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7 years running: Israel leads North Africa & Western Asia category in global innovation

 

Israel continues to lead the UN’s Global Innovation Index in North Africa and Western Asia category for 7th consecutive yea, ranking 17th overall in the high-income countries group.
• Ranking reflects results in human capital & research, market & business sophistication, and of course, technology production.

By Yair Altman and Israel Hayom Staff

 

Israel continues to cement its status as a leader of global innovation, the U.N.’s Global Innovation Index for 2017 has found.

The Global Innovation Index surveys 130 economies, gauging standards from patent filings to education spending, with aim of providing policy makers with a comprehensive view of innovative activity that increasingly drives economic and social growth. Continue Reading »

Category: Israel News | Tags: , , , ,
| June 9, 2017
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Israel tech company displays its drone/UAV interception technology

ORAD’s DROM system is the “most capable and cost-effective” system to counter the threat posed by taking control over device’s piloting from hostile UAV operator.

By ANNA AHRONHEIM

 

With weaponized drones bringing a whole new assortment of security threats, several companies at the Israel Defense Exhibition in Tel Aviv this week, showcased the latest technology in neutralization and interception of the devices.

ORAD, an Israeli company based in Holon, presented the latest version of its DROM Drone Defense System, which it says can detect approaching drones at more than 3.5 kilometers away and take over the unmanned aerial vehicle, or UAV’s, piloting abilities, neutralize them and land them far from the operator. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , , , ,
| June 4, 2017
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Porsche invests 10’s of million$ in Israel to acquire AI technology for its vehicles

 

Porsche is looking to Israel to bring it into the future of transportation, seen by its investment of eight figures in its effort to integrate artificial intelligence technology.

By ARIANE MANDELL

 

Porsche is establishing an “innovation office” in Israel, and investing eight figures in the effort, the German sports car manufacturer said in a statement released Thursday.

“Porsche is a company that draws on innovation,” the statement read. “And now it is establishing an ‘innovation office’ in Israel.”

Tel Aviv – Photo: PORSCHE

Lutz Meschke, Deputy Chairmain of Porsche’s Executive Board and Member of its Executive Board for Finance and IT, said “Israel is a key market for IT experts and engineers. Continue Reading »

Category: Israel News | Tags: , , ,
| June 2, 2017
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Israel Police unveils first 3-D printed manufactured vehicle

 

Introduced at Israel’s annual defense technology conference, the Israel Police force unveiled the 1st-ever 3-D printed new jeep-style police vehicle that incorporated steering and motor components taken from existing police vehicles, including a police helicopter.

By Itsik Saban

 

Design. Save. Print. The Israel Police force has unveiled the first-ever 3-D printed police vehicle.

The new jeep-style vehicle is still not operational, but has already won praise from top technological minds in the security and intelligence community.

The Israel Police’s newest technological venture – Photo- Israel Police

The vehicle features a steering wheel taken from a Citroen Berlingo, a power steering system transplanted from a police helicopter, and a motor from an electric scooter.

Continue Reading »
Category: Israel News | Tags: , , ,
| April 8, 2017
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Google uncovers ‘Israeli’ spy app made to track & hack smartphones

 

Google discovers what it fears to be the most dangerous android spyware to date, suspected of being created by an Israeli company, that can copy internal memory, messages, call logs, internet history as well as spy on people by remotely activating the smartphones’ camera and microphone.

By Sagi Cohen

 

Security researchers at Google and Lookout have discovered an extremely sophisticated Android app capable of spying on users by hacking their smartphones’ camera and microphone, as well as track calls, messages, internet history and more.

Called Chrysaor, the spyware seems to be linked to Pegasus, a notorious program that was found to be targeting iPhone users in 2016 and is suspected of having been created by Israeli firm NSO Group Technologies. Continue Reading »

Category: The Diaspora | Tags: , , , ,
| March 28, 2017
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Israeli firm first to be granted license to fly a fully automated drone

Manufactored by an Israeli drone maker, the 7.5 kg quadcopter, called Optimus, is capable of carrying a one kilogram payload at a speed of 36 kilometres per hour for 30 minutes with no human operator.

BY REUTERS

 

The sky’s the limit for an Israeli drone maker that says it has recently been granted the first certificate in the world to fly a fully automated drone, with no human operator.

“We just made history…It flies itself, it’s completely automatic and the best metaphor I can give is if tomorrow somebody gets that same certification to operate an autonomous car with no driver…it’s huge,” Airobotics co-founder and CEO Ran Krauss, told Reuters. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , , ,
| March 13, 2017
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Israel’s record tech deal: Intel buys Mobileye for $15.3 billion

 

In what will be the Jewish State’s largest-ever high-tech acquisition deal to date, the world’s leading maker of computer chips, Intel, announced it is set to purchase Israel’s Mobileye for $15.3 billion.

By i24NEWS

 

American computer chip giant Intel is set to purchase Israel’s Mobileye for $15.3 billion, the companies announced in a statement on Monday, in what will be Israel’s largest-ever high-tech acquisition deal.

“The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles,” the statement said.

MobilEye screen-capture

“Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030.”

Continue Reading »
Category: Israel News | Tags: , ,
| February 20, 2017
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Apple acquires 4th start-up from Israel: RealFace, biometric facial recognition

Aimed at making passwords redundant, Apple makes its fourth Israeli acquisition, a Tel Aviv-based company that offers its users secure biometric logins, bought for an estimated $2 million.

News Agencies & Israel Hayom Staff

 

Multinational technology company Apple Inc. has bought Israeli startup RealFace Technology for an estimated $2 million, Israeli media reported Sunday.

Founded in 2014 by Adi Eckhouse Barzilai and Aviv Mader, the Tel Aviv-based startup is a leading developer of facial recognition technology. Its software offers users a smart biometric login, with the aim of making passwords redundant when accessing mobile devices or personal computers.

According to the Jewish Business News, RealFace has 10 employees, and it had raised $1 million prior to Apple’s acquisition. Continue Reading »

Category: Israel News | Tags: , ,
| November 15, 2016
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Netanyahu inaugurated $6 billion Intel production line in Southern Israel

 

PM Netanyahu went to Kiryat Gat to visit Israel’s new Intel production line that created 1,000 new jobs. “This is where the vision of the future comes true in the present,” Netanyahu said.

By Gadi Golan

 

Prime Minister Benjamin Netanyahu on Monday inaugurated the new Intel production line in Kiryat Gat, in southern Israel, where the American technology giant maintains a semiconductor fabrication plant.

The new, $6 billion production line, was set up with a $300 million government grant, creating 1,000 new jobs.

Prime Minister Benjamin Netanyahu at the new Intel production line in Kiryat Gat, Monday - Photo: Kobi Gideon, Israel's GPO

Prime Minister Benjamin Netanyahu at the new Intel production line in Kiryat Gat, Monday – Photo: Kobi Gideon, Israel’s GPO

“The national revolution is to eliminate the [notion of a] periphery called Kiryat Gat, Beersheba, Afula and Yokneam,” Netanyahu said during his tour of the facility. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , ,
| November 12, 2016
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New Israeli invention instantly grades clarity of polished diamonds

 

The new Israeli device, will instantly grade the clarity of polished diamonds, completely eliminating the subjectivity or veracity of less than professional appraisers.

By AP

 

An Israeli company has invented a machine that it says can instantly grade the clarity of polished diamonds—a development the company said Thursday will bring new standards to a painstaking process that has long been susceptible to the subjectivity of appraisers.

Sarine Technologies Ltd. said its system, currently in advanced large-scale testing in India and expected to be marketed toward mid-2017, will revolutionize the global diamond industry by enhancing consumer trust in each diamond’s valuation. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: ,
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