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7 Israeli Firms On Fast Company's 'World's Most Innovative' Technology News

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Seven Israeli and Israeli-founded companies were among over 400 firms featured by US business magazine Fast Company on its annual "World's Most Innovative Companies" for 2019. The monthly publication's editors and writers said they sought out groundbreaking businesses across 35 industries in every world region, listing the top 10 in 41 categories such as AI, Biotech, Branding, Health, Robotics, Food, Security, and Middle East, for a total of 410 organizations. Fast Company also released its annual "50 Most Innovative Companies" but no Israeli firms made that list. In 2018, Israeli-founded navigational app Waze was featured in the top 50 alongside giants such as Apple, Amazon, Netflix, and Spotify, and Israel had its own category with 10 top startups. An additional 5 Israeli companies and startups were featured in other categories.


Biotech AI startup Sight Diagnostics gets $27.8M to speed up blood tests

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Sight Diagnostics, an Israeli medical devices startup that's using AI technology to speed up blood testing, has closed a $27.8 million Series C funding round. The company has built a desktop machine, called OLO, that analyzes cartridges manually loaded with drops of the patient's blood -- performing blood counts in situ. The new funding is led by VC firm Longliv Ventures, also based in Israel, and a member of the multinational conglomerate CK Hutchison Group. Sight Diagnostics said it was after strategic investment for the Series C -- specifically investors that could contribute to its technological and commercial expansion. And on that front CK Hutchison Group's portfolio includes more than 14,500 health and beauty stores across Europe and Asia, providing a clear go-to-market route for the company's OLO blood testing device.