Israeli Companies leading the AI Industry

The Israel Trade Mission to SA is an official Israeli government agency, part of the Israeli Ministry of Economy that is based in Johannesburg, South Africa.

The Trade Mission’s objectives are:

• Assisting companies with knowledge, connections and outreach in the SA and Israel markets

• Performing technology scouting researches and facilitating B2B sessions between Israeli and SA companies

• Participating with national booths and business delegations at Trade shows, conferences and exhibitions

• Accompanying and supporting the individual exporter in the marketing activity abroad.

• Initiating and applying international trade agreements and maintaining existing agreements.

• Raising investments and strategic cooperation Between Israeli and SA companies

Over the last 10 years, Israel has positioned itself as one of the leading ecosystems for Artificial Intelligence start-ups. The top companies, which are pushing the boundaries in the AI industry, are: - Lemonade was founded in 2015 by Israeli entrepreneurs Daniel Schreiber and Shai Wininger, combines behavioural economics, and artificial intelligence. Lemonade uses AI and chat bots to deliver renters and homeowner’s insurance policies in over two dozen states across US. Healthy. io was founded in 2013 by Yonatan Adiri. The Israeli medical tech start-up that developed a platform to turn smartphones into sophisticated diagnostics devices capable of analysing urine samples. Healthy.io has two FDA clearances for a Smartphonebased urine albumin test, called Dip.io that aids the diagnosis of chronic kidney disease, developed a consumer-focused UTI testing service in partnership with UK pharmacies, and recently unveiled a new digital solution in the US for the management of chronic wounds. Razor Labs is a Tel Aviv-based start-up founded in 2016 that builds tailor-made neural networks and helps mining and manufacturing companies “reap the benefits arising out of the AI revolution. “The start-up’s Data Mind platform virtualises manufacturing processes and its Visual Mind video analytics platform uses several AI applications for corporate objectives. The company also runs an eight-week educational program focused on deep learning engineering, from which it hires candidates, and builds tailored executive shorter sessions based on I.T. Razor Labs is bootstrapped and profitable and has offices in Perth, Australia and Tel Aviv.

SentinelOne was founded in 2013, the Israeli cyber security firm that developed an AI-based platform to secure endpoints including laptops, PCS, servers, cloud servers, and IoT devices. Its system analyses data in real-time to identify anomalies and provide a response to attacks. SentinelOne has offices in Mountain View, California and a development centre in Israel. ClimaCell is a US-based AI-powered weather intelligence platform company created by Israeli founders. ClimaCell automates operational decisions and action plans based on how historic, real-time, and future weather will affect businesses. It produces hyper-local weather forecasts using vast quantities of traditional and non-traditional data (IoT devices, drones, cellular signals, sat com signals, and street cameras) and targets weather-sensitive industries. I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, self-learning algorithm. The underlying technology of the algorithm based itself on Artificial Intelligence. It also based itself on machine learning and incorporating elements of artificial neural networks and genetic algorithms.

Israel AI – Accelerators, Research Programs, and Capital Venture Investments

The AI for Good 2020 accelerator program helps purposedriven ventures in Israel advance their AI solutions to create positive social transformation. The program reflects shared belief that the biggest opportunity for AI is not for AI to shape our future, but for people to shape AI to make the future we want to see. The program seeks to nurture transformative change through AI. There are many research programs in the AI industry in Israel. AI2 is bringing people closer to information, by creating and using advanced language-centred AI. As a scientific approach, they believe in combining strong linguistics-oriented foundations, state-of-the-art machine learning, and top-notch engineering, with a user-oriented design. Tel Aviv University are working on smart artificial intelligence programs. Scientists and researchers are working on several artificial intelligence and machine learning projects. AI involves developing machines that can perform tasks that are characteristic of human Intelligence. Team8 Capital, is a new venture capital fund that will focus on technology investments in data, artificial intelligence (AI) and cyber security.Team8 Capital will invest at the seed and other early rounds of funding, expanding on its model that builds new companies from scratch. Tel Aviv-based market research firm IVC Research Center published its summary report on Israeli tech and venture capital in 2018. Local tech companies raised a record $6.4 billion across 623 deals, 17% more than in 2017, according to the report. The fourth quarter of 2018, the year’s strongest, saw a total of $1.82 billion in investments in Israelilinked companies.

The number of newly founded Israeli start-ups that employ Artificial Intelligence has risen over the years and so has the capital they have raised. Israel is home to over 1,000 companies, academic research centres, and multinational research and development centres specialising in Artificial Intelligence. The start-up nation of Israel is targeting today’s hottest tech sector by deploying its expertise in cutting-edge data analysis, software and hardware engineering talent, and proven entrepreneurial skills. The Israel trade mission looks forward to connecting and building strong relationships between South Africa and Israel in the AI Industry and other sectors. ai