I recently led a group of 20 American tech investors to Israel in conjunction with the UJA and Israel's Ministry of Economy and Industry. We witnessed firsthand the innovation that has produced more than $22 billion of investments and acquisitions within the past year. We met with the University that produced Mobileye, with the investor that believed in its founder, and the network of every multinational company supporting the startup ecosystem. Mechatronics is blooming in the desert from the CyberTech Convention in Tel Aviv to the robotic labs at Capsula to the latest in autonomous driving inventions in the hills of Jerusalem.
Tel Aviv-based artificial intelligence chip startup Hailo Technologies Ltd. has raised $12.5 million in a series A funding round, the company announced Tuesday. Investors include Jerusalem-headquartered equity crowdfunding platform OurCrowd, as well as two venture capital funds dedicated to automotive technologies -- Maniv Mobility, and Next Gear Management Ltd. The latest round brings the company's total funding raised to $16 million.
A new, high-speed rail line connecting the Israeli cities of Jerusalem and Tel Aviv is set to be complete within the next 18 months, Reuters reported Tuesday. The project, spearheaded by the Israeli government's transportation ministry, is expected to cost some 2 billion and eventually drastically cut down the travel time between the two cities. It's expected that travel time from Tel Aviv, on the coast of the Mediterranean Sea, to the Jerusalem's Old City will be cut down to less than an hour. Jerusalem has long been a city at the center of tensions in the Middle East. Neighboring Muslim countries like Saudi Arabia have challenged Israel's claim to the holy city.
Check out what's clicking on Foxnews.com. A taxi driver in Israel got an unexpected surprise Friday when he finished his shift. Moshe Barkat found a bag containing $60,000, so he immediately set out to find its owner, the Jerusalem Post reported. "People usually forget cellphones, small change, but this sort of sum?" said Barkat, who lives south of Tel Aviv, to Israel's Channel 12. With his wife's help, he figured out which passenger likely left the bag.
JERUSALEM (AP) -- Despite the high death toll and dramatic scenes of destruction, this week's attacks in Brussels appear to have been surprisingly easy to carry out, requiring little more than some careful preparation, a handful of motivated militants and ingredients that are readily available on store shelves. Security experts say Europe's major cities -- filled with soft targets and home to hundreds of Islamic militants who have fought or trained in Syria, Iraq and Libya -- will remain vulnerable to similar attacks without changes in their security procedures. The assailants in Brussels were well-prepared for the suicide bombings in the airport and subway, which killed more than 30 people. They chose crowded, easy-to-reach targets that were poorly secured in a country whose forces have already been stretched by a string of crackdowns on suspected Islamic militants. Belgium's chief prosecutor said the investigators found 15 kilograms of TATP -- an inexpensive and hard-to-detect explosive material -- at an apartment where the attackers had stayed, but it wasn't immediately clear whether it was used in the blasts.