Quantum Hub
Deal Flow Report
September 2022
Dear Partners,
We are happy to share the September 2022 deal flow report
You will find 4 sections in the report - Ecosystem News, Quantum News, 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.
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
Google acquires Israeli climatech startup BreezoMeter for over $200 million
Google has acquired Israeli startup BreezoMeter. BreezoMeter aims to monitor air quality and improve people’s health by using atmospheric data that is acquired through multiple sensing stations, AI, and machine-learning algorithms that are trained to recognize and detect several different types of pollutants.
The cost of the acquisition is estimated to be between $200-250 million.
"Following up on our many years of activity in sectors such as environmental insights, Google Earth Engine, Explorer, and the Air View project, we are excited to continue and provide environmental insights to people, organizations, and policymakers across the world,” According to Google.
BreezoMeter raised a $30 million Series C funding round in June of 2021, taking its total funding to $45 million.
The round was led by Fortissimo Capital. Entrée Capital, which has backed BreezoMeter since its founding together with existing investors JumpSpeed Ventures, Launchpad Digital Health, AxessVentures, Goldacre Ventures and idinvest Partners, also participated in the round.
Mobileye closing on IPO after filing for Nasdaq listing
Intel’s Israeli self-driving unit reported first-half revenue of $854 million, a 21% jump from the year-ago period.
Mobileye unveiled its filing for a U.S. initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed.
According to a report by Bloomberg last month, Intel is expecting the IPO to value Mobileye at $30 billion, which is $20 billion less than what was reported when the initial plan to go public was announced last year.
The tech IPO market globally is in the middle of its worst drought in nearly two decades. U.S. listings have raised a little over $7 billion so far this year, according to data from Dealogic. Last year traditional IPOs, excluding special purpose acquisition companies, had raised a record $154 billion.
Mobileye's IPO, coming on the heels of Porsche's blockbuster debut in Europe, could, however, be an early sign of improving investor sentiment.
If Mobileye's debut is received well, it may embolden other big names such as Instacart, Reddit and ServiceTitan, which postponed their IPOs earlier this year until the market improves.
Quantum Hub News
Spark graduation event
This month, Spark #4 batch graduated in a festive event. This batch include 7 startups:
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Tactile Mobility - Tactile Mobility provides software that uses various sensors in the vehicle to collect and analyze information about the dynamics between the vehicle and the road, and allows vehicles to analyze the surface conditions, as well as the performance of the vehicle systems and road conditions. services.
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Skillreal - SkillReal develops accurate augmented-reality (AR) technology and products for the industrial market. SkillReal aims to help global manufacturers significantly improve their quality and productivity.
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Solcold - SolCold is developing an innovative, patented nanotechnological material designed to cool without any power consumption. The material uses sunlight for cooling. SolColds material can be used as a coating for cooling cars, buildings, containers, fabrics, airplanes, and more.
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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.
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multi B.T -The company provides protection through its voice-based biometric authentication technology, with. The company is developing biometric hardware and software solutions to identify speakers according to the different characteristics of their voices.
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ArmourSense - ArmourSense is focused on increasing safety and productivity in industrial facilities such as factories and logistics centers by identifying and predicting safety risks through the use of computer vision and artificial intelligence.
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Algolion - ALGOLiON has developed early-warning smart diagnostic software to extend the life of lithium-ion batteries and prevent safety hazards. Using patented algorithms, AlgoShield provides alerts about safety risks up to a week before they could develop into a fire.
During the graduation event, our 7 new portfolio startups pitched their PoC use cases that were built during the program, together with Quantum-hub partners.
Spotlight of the month
Industrial Carbon Capture and Residential Air Purification Solutions
Airovation Technologies provides air purification and carbon capture solutions. Based on ten years of R&D at The Hebrew University of Jerusalem, the core technology can capture and convert CO2 into valuable carbonate and bi-carbonate mineral end-products and oxygen.
Additionally, this technology can purify indoor air spaces by oxidizing dangerous microbiological threats such as viruses and bacteria while converting harmful gases into oxygen-enriched clean air.
Airovation develops solutions for indoor air treatment as well as industrial carbon capture.
Distinctiveness
> Signed MOU with ASUS to expand air purification solutions in Taiwan and China.
Company ID
Founded: 2013
Funding: A
Industries: Industry 4.0, Energy
Product: Beta
Carbon Capture Technology
Industries
IoT Data Gathering and Analysis from Urban Assets
CityShob develops an urban platform for controlling and operating city assets efficiently, reliably, and safely. Its technology provides the public and private sectors with tools for smart management of operations and informed decision making.
By gathering IoT data from a city's assets and citizens, CityShob can provide advanced analytics and facilitate data collaboration with visualized information in order to predict, alert, and manage the city's events intelligently and safely.
Distinctiveness
> Several global paying municipalise across the world
Company ID
Founded: 2015
Funding: Revenues
Industries: Smart Cities, Infrastructure
Product: Released
CityShob’s products
Sunlight-based Water Splitting for Green Hydrogen Generation
QD-SOL develops technology that uses sunlight as a renewable energy source to split water for green hydrogen generation. Unlike many current water-splitting methods, which are energetically unfavorable and contaminating, QD-SOLs technology efficiently uses the unlimited resource of sunlight to yield a clean splitting process.
QD-SOL nanoparticles provide a stable and efficient photocatalyst, offering an innovative solution for green, low-cost, nonpolluting hydrogen production.
Distinctiveness
> Their key investor is Sound Ventures fund
Company ID
Founded: 2021
Funding: Seed
Industries: Energy
Product: R&D
QD - Sol solution
Driving Policy for Safer, Connected driving
The company develops a platform for Driving Policy - the part of automated driving that takes the sensor & perception input – where the car is, what is around it – and decides what to do next, in an optimal way both for driving efficiency and safety.
The Scenario Engines break every driving scenario down to its parts and continually predict the evolution of each element, including all interactions and dependencies between them - just like an experienced human driver, but objectively and instantaneously.
Distinctiveness
> Over 100,000 km driven on a simulated map of London
Company ID
Founded: 2021
Funding: Pre-seed
Industries: Mobility & Automotive
Product: R&D
CompactDrive solution
Cybersecurity for EV Charging Sites and Energy Storage Platforms
SaiFlow provides a modular and comprehensive cyber security solution based on 3 core engines aimed at protecting from inner and outside threats:
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Automatically maps and constructs visual of the smart-grid network to provide Posture and Risk Management
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Real-time automated Monitoring of the smart-grid network that identifies and flags attacks as well as suspicious behavior.
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Perimeter Security using firewall to prevent intrusions and unwanted or unauthorized access to any hardware or software throughout the entire network and infrastructure
Distinctiveness
> Partner with Conti USA
> Partner with Driivz & Sparkion
Company ID
Founded: 2022
Funding: Pre-seed
Industries: Mobility & Automotive
Product: MVP
SailFlow solution
Quantum Hub News
Quantum's New Partners
We are pleased to announce that BAZAN Group Oil Refineries Ltd has joined Quantum Hub as a strategic partner alongside our partners from Taavura Livnat group, TalCar group, Hyundai Motor Group and VDL Groep.
Bazan, is a significant player in Israel's energy sector and a perfect addition to the value added by each of Quantum partners.
According to Liav Ben Rubi Quantum's CEO:
“Bazan’s expertise and infrastructure will allow us to set up an innovative experimental domain in the energy field, promote collaborations with groundbreaking technology companies and create new and significant opportunities in the ecosystem.”
Malachi Alper, CEO of Bazan, commented:
“innovation in the fields of energy, transportation, recycling and more is at the core of the Bazan Group's strategy. Local and global collaborations are the key to promoting innovative solutions. Bazan, which has already established and is a partner in other innovation ventures, is happy to join and contribute its experience and enable the promotion of Quantum’s activity. We believe that the Quantum Hub is an ideal platform to create innovation and business opportunities in the Group's core areas and to build collaborations with the excellent partner companies in Quantum.”
We are delighted to have you in our family!
Partners visit at Quantum
This month we had few visits from Hyundai Motor Group: Hyundai Motor Investment Committee, Hyundai MOBIS and Hyundai Smart City. It was a great opportunity to introduce them to our POC center, our recent developments, summarizing our joint work and discuss future initiatives.
We also hosted our partners from VDL Groep: Guustaaf Savenije, Henri Koolen and Menno Kleingeld. During their visit, we had meetings with startups, explored existing and new collaborations, visited the biggest data center in Israel, MedOne and attended the PLANETech - Climate Change Technologies conference and the first global climate tech conference in Israel.
About PLANETech World 2022 was dedicated to the growing climate tech ecosystem, and brought leading stakeholders to learn about new disruptive climate technologies, join forces and build our resilience to the climate crisis.
The conference included 1,500+ attendees, 100 startups, 50 speakers, international delegations, speakers, and a wide range of climate tech content.
