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Autonomous farming co Blue White Robotics raises $37m
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Blue White Robotics Announces $37M Series B Led by Insight Partners to Revolutionize Autonomous Farming
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REE Automotive in negotiations for a $3-4 billion Nasdaq SPAC merger. The Israeli developer of modular platforms for electric vehicles has been negotiating the move for more than three months and the deal could be completed in January. Read more
Pfizer, AstraZeneca, Merck, and Teva win tender for new Israeli Innovation Lab. The lab, which is set to research digital health and computational biology, has a government budget of $9.9 million. Read more
HR Post Covid | Compassion is “more important than ever” during Covid-19, says Pecan HR head. Understanding what your employees need as they work from home can save your company culture, not hinder it, says Pecan’s HR and Operations Manager. Read more
Israeli Companies Break Fundraising Record as COVID-19 Rages On
Sputnik International
https://sputniknews.com/business/202012241081556125-israeli-companies-break-fundraising-record-as-covid-19-rages-on/
The reason for this success, believes an Israeli researcher, is the ability of Israel to adapt and adjust to its changing reality and offer solutions that would go hand in hand with the demands of the market.
Israeli companies raised more than $10 billion in 2020, an increase of over 20 percent compared to the previous year, says a report by Start-Up Nation Central (SNC), an independent non-profit organisation that builds bridges into Israel s innovation.
According to that report, the cash raised was the highest in the past six years and provided a stark contrast with companies in the US and Europe that saw only a five percent and a one percent increase, respectively.