Uri Meirovitch

4% of the Israeli #companies generate a quarter of the state's #income from #taxes - this amazing figure is the strength of the Israeli #hightechsector. But the more interesting figure concerns what is the contribution of the corporate tax and who generates most of it: only 15% of the hi-tech contribution to the country's treasury comes from #Corporatetax and the rest from #taxation on #employees' #salaries. There are many reasons for this, among them: the fact that #humancapital is the basis of the #technologicalindustry, and the high wages that its employees receive, along side the low corporate tax that countries (#Israel among them) offer to #technologycompanies in order to attract them to their territory. Will the united global taxation proposed to prevent the competing on the companies turn the tide? https://lnkd.in/ec4QgfsD (For the English version - Just use #GoogleTranslet) * The #data in the #article is based on the 'high-tech contribution to the state treasury' report made by the Israel Innovation Authority רשות החדשנות the The Chief Economist Department - אגף הכלכלן הראשי at the Israel Ministry of Finance - משרד האוצר #Technologysector #technologyIndustry #InnovationIndustry #Innovationeffect #Economy #Economy2024 #EconomyInsight #2024Insights

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CASE STORY - PART II ------- We are on with the second part of story about our implementation to Tel Aviv Medical Center - T.A.M.C Ltd. This time it's more detailed, and tells about how we moved this medical center from 6 systems to one. All-in-one is one of the basic concepts of our software. We really thing, that using multiple solutions (sometimes over 30) only make your clinic way less efficient. If you have a software mess in your medical center or chain of clinics - that one is for you 😊 https://lnkd.in/eQM-tNK8

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IVC Data and Insights report on the Israeli venture market for Q1-Q3 2024 reveals: - $7.4 billion invested in Israeli startups, surpassing the entire 2023 total of $6.9 billion. - $13 billion generated from exits, a 26% increase from 2023's $10.4 billion. - 23% surge in foreign investments year-over-year. - 67% of capital sourced from global investors, with 33% from Israeli funds. - $2.7 billion secured by early-stage startups, the second-highest figure in Israeli startup ecosystem history (after 2022's record). These figures demonstrate investors' confidence in the long-term sustainability of the Israeli startup ecosystem. Trust received, challenge accepted. We're building the future, brick by brick.

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API is a powerful technology that enables businesses to innovate faster and keep up with the demanding pace of the market. But they also come with their own set of challenges. They expand the attack surface and expose new entry points to disrupt services and gain access to data, including personally identifiable information (PII). Given the complexity of properly securing APIs, many businesses choose to work with a trusted partner. This approach has advantages, but it is important that businesses understand how to differentiate between a large number of API security offerings. To help you Josh Goldfarb, F5's Global Solutions Architect, shared 10 must-have features that all API security providers should offer. For Josh Goldfarb's full article published in Israel Defense, you can enter the link https://lnkd.in/dmxN8332 #F5 #API #security #cyber

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Have you heard? Our partner, Sasa Software, has been invited to join some of the biggest names in the #cybersecurity industry as a new member of the Israel Cyber Security Consortium, led by Israel #Aerospace Industries. Congratulations to the Sasa Software Team! GateScanner by Sasa Software leverages the power of Content Disarm and Reconstruction (CDR) Technology. Deconstructing every #file & email (including #attachments) to its base elements scans each element individually. Then, it reconstructs the file or email to ensure that only sanitized, safe files enter your #network. Explore the entire GateScanner suite here:  https://lnkd.in/ggaeVa3 #informationtechnology #informationsecurity #compliance #datasecurity #documentsecurity #documentscanning

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Israeli tech is at a crossroads On the one hand, we see a surge in tech, particularly with AI. On the other hand, we're dealing with a decrease in economic activity and a potential shift in the job market While it's true that the current situation in the country has led to a decrease in economic activity, we must also consider the impact of AI on the job market. Companies may be using the current economic climate as a cover to transition to AI-driven operations, a move that isn't typically popular… The rapid development of AI, such as OpenAI's GPT-3, suggests that we may see a big shift in the job market sooner than anticipated. While this is great for efficiency, it also raises concerns about job security, and the future of jobs Furthermore, the job market, especially in the tech sector, is becoming increasingly competitive There are fewer jobs than there are people looking for work. This issue is particularly pronounced in the Haredi community, where job opportunities are even scarcer. The community faces additional challenges, including bias and a lack of experience. Most training programs today don't offer job experience or placement, leaving individuals to navigate the job market on their own Given these circumstances, #entrepreneurship emerges as a viable path… knowing how to run a business and possessing skills that can't be easily replicated by AI can be a real advantage Along with those challenges, another major question is… is Israel a conducive environment for setting up a business?   The Israeli government's stance towards businesses, particularly #startups, plays a big role in shaping the country's economic landscape. High taxes and stringent regulations can deter entrepreneurs, pushing them to relocate their businesses to countries like the US This trend is worrying… as startups and new businesses are the key drivers of economic growth. A decrease in the number of companies not only reduces job opportunities but also hampers growth The government's role in fostering a supportive environment for businesses cannot be overstated Initiatives to ease regulations, provide tax cuts, and offer support can significantly enhance the business landscape, encouraging entrepreneurs to establish and grow their businesses in Israel While it's true that thriving businesses may not always equate to more jobs, particularly because of #AI, they do contribute to economic growth. The profits generated by these businesses can be reinvested into the economy, catalyzing further growth The next few years in this country are about striking a balance between embracing tech, entrepreneurship, and ensuring job security, as well as creating an environment conducive for building businesses What are your thoughts on this? Let me know in the Comments section below Safra-Tech Calcalist כלכליסט CTech by Calcalist #startupnation #artificialintelligence #israelunderfire

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ICI Fund was ranked among the Most Active Foreign VC Funds investing in Israel! 🎉🍾 ICI Fund strongly believes in the #Israeli #startup ecosystem and will continue to invest in incredible Israeli #entrepreneurs with #AI solutions that are #securing our #future. In 2024, ICI Fund invested in: 1. Feminai, led by Karny Ilan, MD, Shani Klein and Gal Yanuka; 2. Rangers.ai, led by Ayelet Biger-Levin; 3. Reborn Medical, led by Shir Kashi 4. UrbanMix, led by Sharon Yavo Ayalon and Daphna Levine 5. Stay tuned! In process 💪 ICI Fund is planning to invest in at least two additional companies by the end of 2024. We focus on #preseed stage #investments. If your vision includes transforming a critical industry, securing our future, and improving the world—and you possess the unwavering determination to make it happen—we'd love to connect with you. Let's meet! #BringThemHomeNOW!

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2023 was a tough year for Israeli startups. After a few slow quarters, the Israeli startup ecosystem is starting to show signs of recovery and stability. According to the latest tech review for Q1 2024 (by LeumiTech and IVC Data and Insights): - Israeli startups raised $1.74 billion in Q1 2024, just 1% below Q1 2023 - Q1 2024 had more seed rounds than each of the 3 previous quarters in 2023 - Cyber dominated in M&A and large rounds Link to the my post (and the report) in the first comment 👇

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WhatsApp Business and ChatGPT: A Dynamic Duo Transforming Customer Communication! 🌟 I'm thrilled to share an insightful new blog post from Commbox that delves into the revolutionary integration of WhatsApp Business and ChatGPT. This dynamic duo will transform customer service across industries, offering unparalleled efficiency and personalisation. In today's digital-first world, businesses must leverage cutting-edge technology to meet the high expectations of modern consumers. The integration of WhatsApp Business with ChatGPT is not just a technological upgrade; it's a paradigm shift in how we engage and support our customers. From healthcare to retail and education to municipal services, this powerful combination enhances customer interactions like never before. Explore the future implications of AI in customer communications and learn how to navigate the challenges and opportunities ahead. Take advantage of this must-read post that uncovers the potential of AI-driven customer service! Read the full blog 🔗https://bit.ly/3wVntfb #CustomerService #AI #WhatsAppBusiness #ChatGPT #DigitalTransformation #Innovation #CustomerExperience #FutureOfWork #Commbox CommBox

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The Israeli Conference of AI, Cyber, and IT in Health Systems is just a few days ahead! Will you be there ????? I am more than honored to chair the conference, and will be thrilled to meet you! https://lnkd.in/dgRrezwW #AI #MD #SaMD #HealthSystems

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In a recent interview with Walla, I discussed the crucial topic of safeguarding business data, emphasizing the significant impact of even minor errors by employees on an entire organization. I highlighted key aspects of data security and drew parallels to the largest data breach in history, underscoring its profound implications. #DataSecurity #BusinessProtection #CyberSecurity

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Is it shopping season for Israeli technology? The recent surge in M&A activity in Israel is the most significant sign of hope and optimism I’ve seen since October 7th. It demonstrates the potential of Israeli tech and the faith placed in it by top global companies. When technology leaders choose to further expand into Israel and acquire local teams, you know financial outlooks are positive. In cybersecurity - often the poster-child of Israeli tech - we’ve seen five acquisitions in quick succession totaling more than $1Bn. Flow Security by CrowdStrike (~$200M), Avalor Security, a Zscaler Company ($350M), Gem Security (acquired by Wiz) ($350M), Silk Security by Armis ($150M) and Entitle by BeyondTrust (~150M). All are led by exceptional individuals, well done! Perhaps more telling is the emerging AI industry. Last week NVIDIA announced its acquisition of two companies for a combined value of $1Bn. Congratulations RunAI ($700M) and Deci AI ($300M). Mainstream media is so focused on the voices of a racist minority calling for boycotts and divestments that they fail to capture actual news. Antisemites might yell the loudest, but the actions of multinational corporations speak louder than words. I am optimistic about the future. Are you?

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In Startup Nation Central's Q1 2024 Israeli Tech Ecosystem Report, five Health Tech companies stood out as the most watched among Finder users: TytoCare Lumen CytoReason Nucleai Sweetch Here’s what our Health Tech Sector Lead, Iris Adler, MD, had to say about this stellar bunch of startups: “The health tech companies that garnered the most attention from investors in Q1 2024 are all highly promising, targeting a large range of customers and spanning rounds A through D. Each company has a robust AI core technology component, whether from digital health or medical devices sub-sectors. The top companies range from diagnostic tools and remote care to decision support and digital therapeutics.” Click here to access the full list of #HealthTech companies that raised funds during Q1 2024 👉 https://okt.to/t6ZIUe

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Glad to be included on this list by Startup Nation Central. What is it that investors and customers get about CytoReason? - that quality of data matters (see comment below 👇 for recent announcement about our CCF collaboration) - that robust science matters (see our list of scientists who published in top publications) - that groundbreaking tech matters to customers, so long as you're not developing your own pipeline (see below)

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This episode with Yotam Segev CEO Cyera is 🔥🔥🔥 A quick highlight of the many topics we discussed Link to the full episode in the comments.

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"If any industry is built to handle extreme situations like war, it’s Israeli high-tech." - Amit Pilowsky In a recent CTech by Calcalist piece, top VC Partners including Amit, Rona Segev (TLV Partners), Kobi Samboursky (Glilot Capital Partners), and Michal Kissos Hertzog (Poalim Tech) share their takeaways on the challenges and opportunities facing Israeli entrepreneurs in these turbulent times. Some key points include: → Israeli high-tech shows remarkable resilience → Investor confidence remains strong despite (understandable) global caution → Cybersecurity and defense tech sectors have seen greatly increased activity As we approach the Calcalist כלכליסט Roadshow+ event, where promising Pre-seed to Series A startups will pitch to these industry leaders and more, these insights underscore the unique value proposition of Israeli entrepreneurs. 👉 Read the full article: https://lnkd.in/d-c2Pqd7 👉 Hebrew version: https://lnkd.in/dtjZ3Yp2 👉 Are you an early-stage founder ready to showcase your innovation? Apply now for Roadshow+: https://lnkd.in/dsj7hMhj #nomatterwhat

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The rise of AI, with tools like Google’s NotebookLM, is driving an incredible shift in how companies create and execute strategies. AI is no longer just about efficiency; it’s reshaping creativity, automating processes, and pushing boundaries in content creation and distribution. Imagine a world where AI handles your entire marketing plan—this is the future unfolding today.

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I was recently included in the list of the 1,000 most active angel investors in Israel https://lnkd.in/erPY8utD (I invest in Israel, the US, and Europe) The authors (Joey Faur and Oz Hassine from Flashpoint Venture Capital) gave some great tips on reaching out to angel investors. Since the article is in Hebrew, I am providing the translation below for your convenience. ''When crafting your pitch, keep the message short and focused, and make sure to include several key elements: 1. Opening: Briefly introduce yourself and your startup. 2. Value Proposition: Highlight what sets your startup apart and why it’s an excellent investment opportunity. 3. Achievements: Emphasize significant accomplishments, such as winning competitions or participating in accelerators. 4. Meeting Request: Clearly state your intention to discuss a potential investment. 5. Attachments: Include relevant materials, like an investor pitch deck, but avoid overloading with unnecessary information. 6. It's important to maintain conciseness—a message that’s too long won’t get read. When an angel investor shows interest, you need to be fully prepared for the meeting. Have a deep understanding of all the details related to your idea—financial data, forecasts, key performance indicators, competitors, and anticipated challenges. Your pitch should focus on the investor’s areas of interest and address potential questions even before the angel asks them. Even if you don’t secure an immediate investment, continue to nurture the relationship with the angel investor you met. Regular updates on your startup’s progress can keep the door open for future investment opportunities. Avoid Common Mistakes Now, let’s discuss two common mistakes you should avoid: 1. Failing to Do Research: Research investors before reaching out to prevent unnecessary misunderstandings. 2. Understanding Angel Risks: Acknowledge the risks angels face, such as dilution of equity and later-stage investments. Showing angels that you understand their perspective can increase their trust in your ability to make good use of their money.'' ---- Interested in investing in VCs & startups? let's connect.

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NeuReality Raises $20 Million From European Innovation Council Fund NeuReality, an Israeli startup, raised $20 million from the European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech and OurCrowd to make AI data centers faster and cheaper. NeuReality developed an AI-centric system architecture that enables companies to run generative AI applications and large language models (LLMs) without overinvesting in scarce and underutilized graphics processing units (GPUs). The investment from the side of the EIC Fund, the venture arm of the European Commission’s EIC Accelerator program, addresses the 2 important industries for Europe, that are expected to be major drivers of economic growth in the coming years – advanced semiconductors and AI. NeuReality was co-founded by CEO Moshe Tanach, VP Operations Tzvika Shmueli, and VP VLSI Yossi Kasus. Source: https://lnkd.in/gbJbdjTr

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