Quantum Hub
Deal Flow Report
August 2022
Dear Partners,
We are happy to share the August 2022 deal flow report
You will find 5 sections in 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.
Quantum Hub News shares interesting news related to Quantum activities.
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.
Ecosystem News
Hoopo raises $10 million Series A to digitize fleets
Israeli startup Hoopo announced on Friday a $10 million Series A funding round led by ZIM and theDOCK, and joined by new and existing investors TAU Ventures, HICO, and others. The funding brings Hoopo’s total amount raised to date to $17 million, including previous rounds from Chartered Group, GiTV, and private investors such as Ben Marcus, Zohar Gilon, and Ido Greenberg.
Hoopo is a provider of asset and fleet visibility solutions that helps businesses to easily and efficiently track and manage their operations, inventory, and equipment by providing real-time data and analytics. Hoopo’s solution tracks and monitors unpowered assets by leveraging power-efficient tracking technology, creating long-lasting, highly durable, and affordable tracking units suitable for any fleet size. Hoopo’s intelligent location technology can be used across complex logistic operations, including transportation, aviation, waste management, and maritime.
Israeli startups raise over $700 million in 48 hours
Mega-rounds by DriveNets, Guesty, HiBob, and Pliops brought in a massive $682 million.
DriveNets led the way with a $262 million Series C at a valuation of over $2.5 billion, Guesty raised a $170 million Series E, HiBob received $150 million in a Series C while doubling its valuation to $2.45 billion, and Pliops netted $100 million in a Series D.
Talent development platform GrowthSpace joined the party with a $25 million Series B, with real estate investment management platform Agora raising a $20 million Series A.
It is already clear that the third quarter of 2022 will be an especially lucrative one for Israeli startups.
Quantum Hub News
Champ graduation event
This month we celebrated the graduation of the 3rd cohort of our Quantum CHAMP program - an internal innovation management program for Taavura Holdings Ltd
Following 6 intense weeks, the participants shared innovation projects they plan to implement in their organizations, in a pitching session in front of the Group management and our CHAMP alumni.
Looking forward to supporting this meaningful journey and continue to push innovation with our partners.
Arrival visit at Quantum
This month, we had the privlige to host & hear a very interesting lecture from Denis Sverdlov, Founder and CEO of Arrival.
In the lecture, Dennis drill down to the company’s new approach regarding the automotive world design and assembly of electric vehicles methods.
Dennis talked about the company highly automated “microfactories” where its delivery vans and buses will be assembled by multitasking robots, and also about replacing most steel parts used in vehicles with components made from advanced composites, a mix of polypropylene, a polymer used to make plastics, and fiberglass. These parts are to be held together by structural adhesives instead of metal welds.
Quantum Hub PoC Use-Case
The Situation
Today a new car can wait in the importer storage facility between 1 day to 12 months before it is sold. In that time period, there is a need to preserve the 12V battery level of charge.
What we did
We tested the solar charger function under different sun load conditions (fully sunny/partly sunny) on flooded battery and on AGM battery as well, monitoring the positive current delivered from the charger to the battery over long time period
Results
The solar charger was able to charge both types of batteries with average of 1.8 amperes under full sun and 0.5 amperes under full shade. these currents are more than enough to maintain a good battery state of charge in new vehicles in storage
Apollo power
Apollo develops and manufactures photovoltaic (PV) technology. The company's flexible, ultra-light solar cells reach 16.85% efficiency. Apollo's patented PV technology is suitable for a wide range of energy production applications in different areas and industries. The Apollo Solar Roll is a highly durable, lightweight, cost-effective PV module designed to solve different energy challenges, either floating on bodies of water or on installed structures with load-bearing limitations.
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Spotlight of the month
Automate invoice operations
Cinch streamlining the manual processing, verification, and reconciliation of freight invoices.
Cinch’s product is a proactive freight invoice management solution that plugs into the customer ERP and automatically process invoices, and identify and resolve discrepancies and fraud in real time.
Cinch’s customers can improve their process by :
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Reducing overpayment due to erroneous billing or fraud.
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Automating manual, error-prone invoice handling processes.
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Accelerating or altogether eliminating invoicing disputes.
Distinctiveness
> Paying customer - XRT logistics
Company ID
Founded: 2022
Funding: Bootstrap
Industries: Logistics
Product: R&D
Cinch solution
Optimized last-mile delivery platform.
The company develops 3 products :
Teleport- A virtual delivery solution for home delivery logistics enables anyone from small retailers to large logistics centers to seamlessly integrate the capability to schedule and deliver items to end customers with complete scheduling flexibility.
City smart - end-to-end solution for municipalities that target the reduction of congestion, accidents, and pollution. The system drastically reduces the use of large trucks used for city deliveries.
Dispatcher-driver management mobile app that includes tracking, POD, and service quality control, enabling professional delivery vehicle operators to maximize their assets.
Distinctiveness
>Successful pilot in NYC with over 10K delivers
Company ID
Founded: 2021
Funding: Seed
Industries: Logistics
Product: MVP
FoxInGreen solution
Hash coding solution for face recognition
Face-Int has developed a unique encryption algorithm, which generates real disruption in the field of face recognition technologies, while fully protecting user privacy. The algorithm uses a hash function to turn the data into a long, encrypted sequence of numbers, from which the original biometric information can not be recovered in any way.
Company ID
Founded: 2018
Funding: Pre-Seed
Industries: Automotive
Product: MVP
Face-Int solution
Materials for Manufacturing with Natural Products
Daika developed a new material made of wasted wood and other natural materials. The company showed an initial proof of concept in industrial manufacturing processes. The resulting products retained the unique properties of wood such as warmth, sense, and acoustics and can be processed as regular wood.
Daika enables wood materials to be extruded, molded, or printed, enabling new opportunities and applications for shaping and processing wood.
Distinctiveness
> The initial technology was developed at the Hebrew University of Jerusalem by Dr. Michael Layani, currently serving as the company’s CEO, Prof. Shlomo Magdassi and Prof. Oded Shosayov – who are some of the leading researchers in this field on a global scale.
Company ID
Founded: 2020
Funding: Seed
Industries: Industry 4.0, Plastic
Product: R&D
Daika wood Technology
Bio-based PHBV Polymers
Biotic is an Israel-based start-up focused on developing a solution for the proliferation of plastic worldwide. The company has created an environmentally friendly process for producing PHBV (PHA) polymer, which can be used as a 'drop-in' fully biodegradable replacement for plastic.
The biological polymer is produced from ubiquitous and naturally grown sea algae.
Biotic is developed by Bio-Circular Ltd.
Company ID
Founded: 2020
Funding: Seed
Industries: Energy
Product: R&D
Biotic envisions a world where plastic is not a concern
