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Launch of new VC club strengthens Israel-UK business relations
Backed by the British Embassy, the new Israel-UK investor Hub will facilitate information sharing between VCs from both countries, and lead to more investments for Israeli startups Dor Schwartz / 11 May 2021 • 3 min read
Israel has long been a global resource for innovation, though over the past year, Israeli tech and talent demand has skyrocketed to new levels; multinational corporations establishing R&D presence and cloud region in the country, the chip wars, and you can’t forget the massive amounts of funding flowing into the Israeli startup ecosystem. All of this activity has highlighted a need for strong business networking in the “Scale-Up Nation”.
Imagine a future where traffic and car accidents are things of the past, where road infrastructure seamlessly communicates with traffic lights and vehicles. Each in their own way, three visionary Israeli startups are using AI, data and analytics to improve mobility, reduce accidents and digitize the physical world for smarter city management.
While Valerann, NoTraffic and Nexar each offer unique hardware solutions to gather road user data, the real treasure is in the data itself and the AI-driven software that detects, classifies and communicates the trove of information. “Every bottleneck begins with a single car,” said Michael Vardi, Co-founder and CBO of Valerann. “One car slows down and it creates a shockwave, causing massive congestion. By the time road operators realize what’s happening, it’s too late.”