- Top investment opportunities
- Startup of the Week: Wind Catching Systems, unleashing the power of offshore wind
- Cyfirma exposes Erbium malware-as-a-service
- Forbes: MedAware can prevent medical error
- Dandelion Energy: Underground moon shot
- UAE officials pay historic visit to Tel Aviv Stock Exchange
- OurCrowd startups chosen for COP27
- Emirates, Caribbean Airlines join Freightos air cargo booking platform
- Renault Group EV specialist to expand Connected Energy's UK reach
- Amex US Open store boosts transactions 79% with Zippin
- D-ID's new platform creates video with a single image
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Startup of the Week
Wind Catching Systems: Unleashing the power of offshore wind
The need for alternative energy sources is a top priority worldwide as the price of electricity soars, exacerbated by the war in Ukraine. Offshore wind turbines are an excellent source of renewable energy, but the real estate allotted for them is very limited. Wind Catching Systems, a Norwegian early-stage renewable energy company, is creating a massive, floating, offshore wind turbine based on new technology that cost-efficiently produces power while significantly reducing the footprint. The company's multi-rotor turbine grid increases production and allows for a larger swept area than conventional turbines. Each unit produces five times the energy of conventional wind energy in 20% of the space, translating into electricity for 80,000 European households. Wind Catching Systems is a pre-revenue company that holds patents worldwide for its disruptive technology. The company plans to build a smaller, pilot version of its full system scheduled to be completed in 2024 and tested in 2025. It forecasts commercialization by 2027. OurCrowd has an allocation in the company's Series A funding round led by GM Ventures.
Cyfirma exposes Erbium malware-as-a-service
In an effort to keep the business community one step ahead of cyberattacks, Cyfirma is pulling back the curtain on a dangerous new threat called Erbium, Bleeping Computer reports. Cyfirma's report exposes Erbium as information-stealing malware distributed as fake cracks and cheats for popular video games to steal victims' credentials and cryptocurrency wallets. The program started appearing on Russian-speaking forums in July. It is being sold to cybercriminals as malware-as-a-service (MaaS) and is growing in popularity with the price rising from $9 a week to $100 a month. Erbium infections have been detected worldwide, including in the US, France, Italy, India, Vietnam and Malaysia. OurCrowd has an allocation in Cyfirma's current funding round.
Forbes: MedAware can prevent medical error
When a relative of Michael Millenson MD, author of 'Demanding Medical Excellence', received the wrong infusion at a renowned US hospital, he became aware of how a small medication error could have catastrophic results. OurCrowd portfolio company MedAware spots medication issues that humans and conventional tools can miss, as confirmed in a 2020 article in the Joint Commission Journal. "I don't know the cost of MedAware or similar products, but I'm certain it's less than the cost of revenue-generating medical devices hospitals are routinely eager to purchase," Millenson notes in Forbes. MedAware is now funding on the OurCrowd platform.
Dandelion Energy: Underground moon shot
Sometimes, shooting below the Moon - even underground - can pay off. Alphabet's X innovation lab is home to some of the industry's biggest moon shots. That's where Kathy Hannun was working when she came across a relatively untapped opportunity in the US: drilling into the Earth's crust to access thermal energy for home use. The idea did not enthuse Alphabet, so Hannun left behind the Big Tech support that X provided and spun off Dandelion Energy in 2017. "A lot of homes are still using very dirty, expensive and outdated heating fuels," Hannun tells Protocol. "The thing that's really special about geothermal heat pumps is that, because they're thermally connected to the ground and the ground doesn't really change temperature over the course of the year, they're able to deliver heating and cooling more efficiently to the home than any other type of system."
UAE officials pay historic visit to Tel Aviv Stock Exchange
Sabah al-Binali, Executive Chairman of OurCrowd Arabia, joined a UAE delegation visiting Israel two years after the signing of the Abraham Accords that normalized relations between the countries, writes the BBC's Natalie Lisbona. Mohamed Al Khaja, Emirati Ambassador to Israel, and Ahmed Al Zaabi, Chairman of the Abu Dhabi Global Market, rang the bell at the Tel Aviv Stock Exchange in a scene unthinkable just a few years ago. "We are witnessing history in the making, seeing the steady development of a long, deep and fruitful relationship between natural Middle East neighbors," al-Binali says. "There is so much natural synergy between Israeli and Emirati business and technology skills and experience, that I expect the results of our cooperation to be even greater than the sum of the already impressive parts."
OurCrowd startups chosen for COP27
Two OurCrowd startups were chosen to participate in COP27, the world's biggest climate conference, in November, the Times of Israel reports. H2Pro and Remilk will head to Sharm el-Sheikh, Egypt, to take part in the 27th annual United Nations Climate Change Conference. They will be part of a delegation of 10 Israeli companies that will display their technologies and products at the Israel pavilion. The startups' participation was announced at the 2022 PLANETech Conference in Tel Aviv, where Liat Sverdlov, OurCrowd Investment Partner, participated in a panel that highlighted the importance of government involvement in startup funding.
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