Israeli startups will remain an essential part of the magic of technological development this year, but get to know 10 Israeli startups that have aroused the interest of men, businesses, companies, and significant investors worldwide this year 2020.
As it is every year, Israeli startups have continued research and development in the high-tech scene. Of all the happy stories that happened this year, learn about 10 Israeli startups that have garnered massive foreign investment.
10 Israeli startups – fast shipping
Israeli company CommonSense is developing technology that combines robotics and artificial intelligence to enable retailers to deliver shipments within an hour on-demand to grocery customers while maintaining profitability. The company is striving to set up small order fulfillment centers, which will combine the advantages of a local (rather than out of town) warehouse and automation, to support and enable retailers to meet the growing demand for on-demand shipments.
10 Israeli startups – saving money at the supermarket
Israeli startup Wasteless helps supermarkets reduce the amount of food they cannot sell on time through a dynamic pricing system. The solution enables consumer products to be priced according to their expiration dates so that the product whose shelf life is closer – will cost less. In this way, consumers can decide whether the “expiration date” is sufficient for them or whether they prefer to pay more for a product with a longer shelf life.
To continue developing the product, the company has raised nearly $ 2 million in investment this year, led by the Dutch fund Slingshot Ventures.
10 Israeli startups – the real estate sector
RealX, which has since changed its name to Home Hero and raised an additional $ 4.5 million), has developed a real estate platform to lower brokerage fees. The platform connects real estate sellers with buyers and assists in locating the right property until the deal’s close. The company checks and approves the assets, photocopies, and uploads them to the company’s platform. If an agreement is executed, the company charges a commission of around one percent. This is a relatively low down payment compared to real estate agents who typically charge a 2% “brokerage” fee – sometimes on either side of the transaction.
10 Israeli startups – electronic chips
Last July, a new Israeli startup called Toka was revealed to help countries create advanced electronic arrays. He has recruited a team of exciting names from the cybersecurity space and has also completed an impressive $ 12.5 Million investment round. The company’s investors include the Andreessen Horowitz Fund, Entrée Capital, Dell’s investment division, and Launch Capital.
Image processing
Jerusalem startup Lightricks, which has signed up to some of the most successful image processing applications on the AppStore, has announced a $ 60 million investment drive led by the INSIGHT VENTURES PARTNERS Fund partnership with Claltech. However, unlike most fundraisers, most of the money isn’t earmarked for development or sales efforts, and $ 45 million in the round is reserved for stock purchases from the company’s current shareholders – founders and employees.
The company is behind the professional photo-processing apps Facetune and Enlight, which have generated more than 100 million downloads worldwide, including 1 million paid subscriptions.
The 3D simulation
The Visual Estate platform enables converting any flat plan in a PDF file into a concrete visualization within minutes. To further develop the idea, I raised about $ 750,000 from Spanish Multigalaxy, SLJ, and F2capital.
The company platform Vizit does not require AutoCAD files from architects or designers; it also settles a PDF file with the apartment layout to convert it into a virtual simulation. Thus, it enables real estate companies to save time and money by working with 3D companies and dramatically increases the conversion rate in selling projects “on paper.”
Controlling the diet
The Israeli project Lumen has developed a small device that helps you know exactly what and when to eat. The company decided to use the Indigogo platform to make the vision a reality, and in less than 4 hours, it was able to raise the target amount of the required investment of $ 50,000. At the end of the campaign, they raised an investment of $ 1.89 million.
A Car Rental Revolution
The Israeli startup Weelz offers a car-sharing social platform that allows anyone to rent a car. This innovation can benefit the environment, help vehicle owners reduce costs, and allow other drivers to rent vehicles at lower prices.
Eespresso
The Israeli startup Genie wants to let you prepare nutritious, delicious dishes with only natural ingredients at the touch of a button, just as Nespresso did for coffee. Last April, the company announced that it had raised about $ 10 million for the purpose, led by Karl Marx Securities and private investors.
Proof of identity
Quietly, the startup Pipl has been operating from its Petah Tikva office since 2005, and until the last hiring process, it was working in the form of self-financing. The company has developed a search engine that allows anyone to get information about a specific person by entering their email address / full name/phone number or alias on social media.
Its clients, such as the BBC, Twitter, and Microsoft, use its services for various uses, including identity verification, data enrichment, employment, political security, e-commerce, and financial services.
