JTA NEWS
19 November 2017 - 2 Kislev 5778 - ב' כסלו ה' אלפים תשע"ח
JTA NEWS :
Business
Israel and China to open three Artificial Intelligence centres E-mail

Three Israeli-Chinese Artificial Intelligence technology centres are to be constructed in Israel and China, with an initial investment of US$10 million, according to an agreement signed on 20 March in China by the University of Haifa, the Hangzhou Wahaha Group and the Institute of Automation at the Chinese Academy of Sciences.

The Israeli centre will be located in Haifa, while its Chinese counterparts will be located in Hangzhou and Beijing. The institutes will aim to develop and industrialise cutting-edge application technologies from the University of Haifa and the Chinese Academy of Sciences, including vision tracking through mobile devices, image processing and big data for medical applications, 3D image learning, chip technologies, biometric identification and more.

The initiative will be financed by Zong Qinghou, chairman and CEO of the Hangzhou Wahaha Group, an umbrella of private companies and the largest beverage producer in China. The agreement with the University of Haifa is its first step in fostering academia and research, with construction of the institute set to be completed within the next two years.

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Israel and Vietnam sign co-operation agreements E-mail

Within the framework of Israeli President Rivlin’s state visit to Vietnam in March, a number of co-operation agreements were signed between the two countries in the fields of medicine, electricity and informal education.

The Memorandum of Understanding (MOU) signed in the field of electricity was between the Vietnamese electric company EEVN and Ormat, an international Israeli company that operates in the field of energy and electricity and deals with the establishment and operation of energy stations run by alternative energy.

The MOU was aimed at the establishment of a power station at the Bimsom factory, one of eight cement factories run by Vietnamese company VICEM. Israeli know-how in the field of renewable energy, and the need in Vietnam for development in this field against a background of strong economic growth in the country, were key to the formulation of the MOU, and represented a good example of co-operation between the two countries.

Similarly, an agreement was signed between the Israel Association of Community Centers (IACC) and Talent Pool, the largest informal education and training organisation in Vietnam.

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Israeli-designed security system protects Indian port city E-mail

A report by Indian media recently quoted Indian Navy Vice Admiral Girish Luthra as saying that the Integrated Underwater Harbor Defense and Surveillance System (IUHDSS), developed by Elta, a subsidiary of Israel Aerospace Industries, will “enhance the security of valuable naval assets against asymmetric threats.”

According to the report, “Sensors have been strategically installed around the Mumbai Naval Harbour to provide comprehensive realtime situational awareness for monitoring and analyses. Besides detecting large targets, it can also detect small targets like boats, divers and swimmers at adequate ranges.”

In November 2008, 10 Pakistani terrorists infiltrated Mumbai by sea and embarked on a killing spree in which 166 people were murdered, including six Jews at the city’s Chabad centre.

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Israeli Pavilion@ VIV Asia 2017 E-mail

Israeli businesses exhibited at the VIV Asia event at the Bangkok International Trade & Exhibition Centre in Thailand from 15 to 17 March. VIV Asia is the largest international platform for Southeast Asia’s booming animal protein production and processing industry.

The Israeli Pavilion, organised via Israel’s Economic and Trade Mission in Bangkok, provided an opportunity for industry executives to discuss Israeli know-how, co-operation and business opportunities with nine leading Israeli agricultural product companies, that specialise in livestock, poultry, feeding systems, veterinary and agricultural products, dairyfarm equipment and fisheries.

Held every two years in Bangkok, Thailand, VIV Asia has become the most important gateway to Asia’s emerging markets for professionals from throughout Asia involved in producing and processing animal proteins.

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Israeli startup Zimperium gets funding from Japan’s Softbank Print E-mail

Israeli cyber security company Zimperium Inc. has announced that it has raised US$15 million from Japan’s Softbank, according to Zimperium VP Marketing Maryvonne Tubb.

Zimperium, which provides a mobile threat-management platform to deliver continuous and real-time cyber threat protection for mobile devices and applications, raised US$25 million in Series C funding last year from Warburg Pincus, Sierra Ventures, Telstra Ventures and Lazarus Israel Opportunities Fund LLLP. With the investment from Softbank, Zimperium has raised a total of US$60 million.

Zimperium, which is headquartered in San Francisco and has offices in Tel Aviv, was founded in 2010 by CTO Zuk Avraham and CRO Elia Yehuda.

(Issue Apr 2017)

 
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