Quantum Hub
Deal Flow Report
February 2022
Dear Partners,
We are happy to share the February 2022 deal flow report
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You will find 5 sections to the report - Ecosystem News, Quantum News, Quantum Hub PoC use-case, Spotlights and Full Dealflow report.
As always, we would appreciate any feedback and questions on the focus areas and reviewed companies.
Ecosystem News gives a glimpse of interesting events/ announcements/ investments information related to the Israeli tech ecosystem.
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Quantum News gives a glimpse of interesting events/ announcements/ investments information related to Quantum activities
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Quantum Hub PoC use-case share one example of many PoC's we execute with our partners.
Our Spotlight section highlights, and provides more information on companies we found most interesting in the past month.
We believe each of these companies has a specific spike - distinctive team, unique technology, impressive case studies, and clients or a combination - which make them stand out from the crowd.
Finally, we provide the full deal flow of the month, including relevant companies from our focal sectors.
Ecosystem News
Israeli startups raised $1.4b in February
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The Israeli startup ecosystem continue its fund raising boost
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Israeli startups raised nearly $1.4 billion in February 2022, according to press releases seen by "Globes." The figure may be more as some companies prefer to remain in stealth and sometimes do not publicize the investments they have received.
the major financing rounds that were completed were led by cybersecurity company Cheq, which raised $150 million, while another cybersecurity company Salt Security raised $140 million. AI sports highlights company WSC Sports raised $100 million, digital image and video delivery company Cloudinary raised $100 million in a secondary offering, and cybersecurity company Island also raised $100 million. Other major financing rounds were completed by AI predictive analytics company Pecan, which raised $66 million, fintech company Sharegain, which raised $64 million, and smart glass and light control company Gauzy, which raised $60 million. Digital blood test company Scopio Labs raised $50 million, SaaS management company Torii raised $50 million, and fintech company Pontera raised $45 million.
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Quantum Hub News
Spark Auto - 4 new portfolio startups!
This month we finished our SparkAuto batch which included 4 shining startups with the focus on the automotive & mobility world.
The startups that participated are:
NemoData - predictive maintenance for fleets.
The company leverages businesses' data to find the best time to send trucks into maintenance and automatically creates an optimized fleet schedule.
Actasys - sensor cleaning technology.
The company developed the ActaJet™ technology, a cost-effective electronically controlled system of small actuators that locally generates strong jets of air at the sensor location.
Evco - high-performance Shock Absorbers.
The company has developed an independent shock absorber capable of providing a high-quality, comfortable ride while maintaining exceptional stability, performance, and grip.
Make My Day - Location-based App for Route Optimization.
The company develop a software application, API and Mobile App for drive planning, route optimization,decision making and calendar connection stop planner with additional solutions for EV and charging.
In the graduation event, our 4 new portfolio startups
pitched their PoC use cases together with our partners.
Our keynote speaker was Gregory Bartoff, VP Autonomous Vehicles System Development Center at Hyundai MOBIS who shared great insights about the future of autonomous driving.
For those who missed our event, please find the recording link below.
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NemoData pitch Actasys pitch
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Evco pitch Make My Day pitch
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Quantum Hub PoC Use-Case
The Situation
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Fleets
Low supply of drivers is leading to careless and costly behavior of the drivers causing more accidents, high fuel consumption and high maintenance of the trucks.
Drivers
All the management tools monitor drivers with negative feedback and low recognition on there hard work.
What we did
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PoCs with Galil Maarvi for a time period of 6 months that was divided into 2 stages:
Stage one - connect to the telematics of the fleet and define the parameters that need to be tested such as :
Acceleration, emergency breaks, sharp turns and futility ignition.
Stage two - divide the fleet into two teams for the comparison:
Team one with SafeMode app:
120 drivers
Team, two without SafeMode app:
80 drivers
Results
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The results of the pilots were as follow :
- Total saving of 2.5% in fuel consumption
- Average of 63% app usage
-Average of 25% less on driving events such as acceleration, emergency breaks, sharp turns and futility ignition.
-Average of 28% less in accidents
SafeMode
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SafeMode’s cloud-based solution enhances fleets’ safety and efficiency by shifting the focus to the driver. With a unique behavioral AI platform, it enables fleets and mobility services to provide fundamental values to their drivers, leading to proactive modification of their driving behavior
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Spotlight of the month
High-power Laser Design and Production
Civan's Dynamic Beam Lasers are particularly useful for challenges such as welding Aluminum, Copper, and crack-sensitive materials, delivering flexibility in materials processing that automotive manufacturers cannot achieve with traditional laser technology.
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Distinctiveness
> The company collaborates with Laser experts at the Technical University Wien in Vienna on dynamic beam laser welding simulation.
Company ID
Founded: 2008
Team: 200
Funding: Revenues
Industries: Industry 4.0
Product: Released
Civan's technology
Speech Recognition Technology
VoicEncode's algorithm maps the spectrogram of the voice signal and extracts its meaningful features while eliminating non-relevant data in the process. It extracts the pitch, formants and other acoustic cues and phonetic information that are being created by all humans, therefore enabling the system to learn any language.
The algorithm performs compression along the time dimension and encodes the speech into a consistent representation, which enables easier and more powerful integration with machine learning tools.
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Distinctiveness
> PoC proposal to Samsung R&D
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Company ID
Founded: 2012
Team: 7
Funding: Seed
Industries: Health tech
Product: Customer development
VoicEncode technology patent
Integrate VoicEncode API+ with current
recognition flow through a 3-stage process:
Controlling Airborne Pollutants
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DriftSense creates multilayered solutions for detecting, analyzing, and reducing pesticides and other hazardous substances that drift into residential areas, with the goal of helping to control previously unmonitored airborne pollutants.
The DriftSense solution is based on unique data from its specialized continuous online sensors, alongside multiple environmental key sets which are processed through a modeling system for impact analysis
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Distinctiveness
> Won a grant from the Israel Innovation Authority
> PoC with 'Emek hamaayanot' research and development farm in Beit She'an - Israel.
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Company ID
Founded: 2019
Team: 5
Funding: Pre-seed
Industries: Agritech
Product: Beta
The Problem - Inaccurate spraying of
pesticides & chemicals
Dynamic EV platform
MIA Dynamics researches and develops technology of tiny electric vehicles that combine the size and dynamics of two-wheeled vehicles with the benefits of four-wheeled vehicles.
The company's platform is intended to serve as the basis for various miniature and electric vehicles that include scooters, motorcycles and two-seater vehicles, all based on a four-wheeled platform.
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Distinctiveness
> Their platform allows for a very unique and much safer ride flexibility than the existing solutions on the market.
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> Local Israeli manufacturing that allows full control of production.
Company ID
Founded: 2020
Team: 15
Funding: Seed
Industries: Mobility & Automotive
Product: MVP
Quad wheel platform tailored to the future urban smart mobility landscape
