Quantum Hub
Deal Flow Report
January 2023
Dear Partners,
We are happy to share the January 2023 deal flow report
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You will find 5 sections in the report - Ecosystem News, Quantum News, Quantum Hub PoC use-case, Spotlights and Full Dealflow report.
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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 Hub News shares interesting news related to Quantum activities.
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Quantum Hub PoC use-case presents 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.
Finally, we provide the full deal flow of the month, including relevant companies from our focal sectors.
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Ecosystem News
Freightos lists on Nasdaq via SPAC merger at a $500 million post money valuation
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Israeli company Freightos, a global freight booking and payment platform, will begin trading on Nasdaq on Thursday after completing its merger with special purpose acquisition company (SPAC) Gesher at a valuation of $500 million.
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Freightos has raised over $80 million in capital through the transaction, including $10 million from Qatar Airways and $60 million from M&G Investments and The Prudential Assurance Company Limited.
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A national institute for energy storage will be launched in Israel
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The Israel Energy Ministry has chosen Bar-Ilan University and Technion-Israel Institute of Technology to create a national energy storage research institute. This new institute will be guided by a joint steering committee headed by the chief scientist in the Energy Ministry.
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In the meantime, Bar-Ilan University's Energy and Sustainability Center scientific director Prof. Doron Aurbach will lead the new institute, and the Grand Technion Energy Program (GTEP) director Prof. Yoed Tsur.
Quantum Hub News
Quantum Workshop
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This month, we had the pleasure of hosting a "Working with OEMs and Tier 1" workshop as part of our #SPARK_program.
Three outstanding speakers shared their insights on building successful business collaborations based on their personal experiences.
🚗 The workshop began with Peter Mertens, an automotive authority, who shared the OEM's perspective on the right (and wrong) way to work with OEM.
🚙 Later on, we had a session with Koby Simana, a Senior Investment Manager at CRADLE Hyundai Motor Group, who shared the innovation unit's point of view and some "inside tips" on the road to success.
🚘 Last but not least, we had the pleasure of hosting SPARK's alumni, Ido Tsalka from Tactile Mobility, who shared Tactile's journey to a business collaboration with OEM.
Quantum Internal Innovation
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🌔 ״You've got to expect things are going to go wrong. And we always need to prepare ourselves for handling the unexpected״
Neil Armstrong
✨ As part of the Taavura Livant Holdings Ltd internal innovation days, initiated by our chairman Shay Livnat, we were delighted to host Ido Anteby, former CEO of SpaceIL, who sprinkled us with stardust.
🚀Ido described the Beresheet spacecraft's incredible and challenging journey and provided us with some management tips for big projects like this.
🚀 SpaceIL's Beresheet mission was the first attempt by a private company to land on the Moon and the first lunar mission by Israel. In April 2019, the mission achieved lunar orbit, but was lost during a landing attempt.
Taavura Livnat and Bazan hosted the Israeli hydrogen ecosystem forum
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With a shared vision to overcome the challenges faced in developing the hydrogen market, Taavura Livnat Group and Bazan brought together professionals and executives from all over the Israeli hydrogen industry and ecosystem.
The forum included: Ministry of Energy, Doral Energy, Sonol, Energy infrastructures LTD, the Technion institute, Ben Gurion University, H2PRO, Gencell, and more.
As a result of working together, this forum will help identify the applications for hydrogen and energy technologies and solutions that will drive growth in the industry.
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Quantum Hub PoC Use-Case
The Situation
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As the world advances towards communication between the vehicle and other road users, especially in the future of autonomous transportation, the importance of clear communication between vehicles and their surroundings becomes increasingly vital. One of the key solution is to enable the use of laser projection on the ground around the vehicle. The implementation of ground projection technology presents a set of challenges, including the ability to accurately project on uneven surfaces, preserve image quality at all angles, effectively mitigate thermal issues, and guarantee reliability in accordance with industry standards.
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What we did
We tested Maradin’s technology on over then 60 scenarios with 3 different power outputs of 20, 35, and 50 lumens, in a variety of real-world conditions, including adverse weather, diverse road surfaces, and varying lighting scenarios.
The test included installation of the lasers on 3 areas on the vehicle: rocker panel, headlight and side mirror
and a team of 15 people rating the results between 0-5 of each scenario according to 3 parameters:
-Projecting brightness.
-Image distortion (Aspect Ratio)
-Image clearance
Results
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Results conclusions :
1)Both response parameters (quality and intensity perception) are statistically the same
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2) Higher laser power improves both image quality and intensity perception
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3) Different surfaces (besides wet asphalt) had negligible effect on quality and intensity perception
4) Light conditions effect is as expected. Less light, better results.
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5) Weather simulation was noticeable only with rain. Increasing laser power will improve the performance on wet asphalt
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6) Best performances observed on the door step use case. Image size (thus brightness) has a major impact on perception
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7) Image content has significant effect on quality and brightness perception.
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Maradin
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Maradin provides an advanced MEMS-based scanning solution that serves as the core component of many laser-based sensors and displays worldwide. The company is currently evaluating its scanners with tier-one automotive companies using HUD and LiDAR technology and its proof of concept with companies developing consumer displays (augmented and virtual reality) and other industrial equipment.
Spotlight of the month
On-site Resource Processing for Space Exploration and Sustainable Iron Production on Earth
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Helios produce iron from iron ore, requiring only thermal energy, and emitting only oxygen.
HELIOS does not require steelmakers to dramatically alter their existing processes. Instead, the module is directly integrated into Direct Reduction of Iron (DRI) furnaces, which reduces cost and facilitates faster adoption.
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Distinctiveness
> Multiple partners - ISA (Israel Space Agency), Anglo American, Extra Terrestrial Power and Eta Space.
> Investors - At One Ventures, Doral, Metaplanet, and Rhodium.
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Company ID
Founded: 2018
Funding: Seed
Industries: Industry 4.0 and Energy
Product: R&D
Helior's Solution
Commerce Platform for Retailers and Brands
ByondXR develops immersive commerce solutions designed to increase engagement, conversion, and return on investment.
The company's platform develops solutions in the field of digital showrooms for retailers and wholesalers. In addition to creating new visual stores for merchandising and selling, Byond works with retailers and brands.
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Distinctiveness
> Customers - Mitsubishi, P&G, Calvin Klein, NARS, Armani, YSL, Lancome, Estee Lauder, Unilever, Coca-Cola, Target, etc.
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Company ID
Founded: 2015
Funding: Round A
Industries: Software Development
Product: Released
ByondXR's Solution
Plastic Waste to Concrete
RecyWalk 3D upcycles plastic waste into a cost-effective, net-zero alternative to concrete sidewalks. The technology can be utilized for additional low to medium-load construction projects, such as bike lanes, acoustic walls, exterior wall surfaces, and more.
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Distinctiveness
> The company has been accepted into the IIA TNUFA
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Company ID
Founded: 2022
Funding: Bootstrap
Industries: Industry 4.0, Infrastructure and Energy
Product: R&D
RecyWalk 3D's Solution
Silicon Anodes for High-capacity Lithium-ion Batteries
Silib is developing nano-structured silicon anodes by using a novel, low-cost, and high-mass loading process without the use of catalysts, graphite, or binders. SiliB's increased anode capacity enables a reduction of the battery size for the same energy content or higher capacity.
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Distinctiveness
> Leading investors - Mobilion Ventures and Capital Nature.
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Company ID
Founded: 2019
Funding: Seed
Industries: Automotive and Energy
Product: R&D
SiliB's Solution
Digital Marketing for the Automotive Industry
AutoLeadStar develops digital marketing solutions for the automotive industry. AutoLeadStar enables dealers to market and sell with one-to-one targeting, online and at scale. With one simple platform, auto dealerships across the US get customer-centric, AI-driven automation.
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Distinctiveness
> Customers - Colonial Auto Group, Eide Chrysler, Nelson Mazda Murfreesboro, Walser Automotive Group, David Dodge, etc.
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> Won the award for best CDP/Map Technology at the AWA Awards
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Company ID
Founded: 2015
Funding: Round C
Industries: Automotive & Mobility
Product: Released
AutoLeadStar's Solution
