Quantum Hub
Deal Flow Report
December 2021
Dear Partners,
We are happy to share the December deal flow report in its new form for the new year!
You will find 4 sections to the report - Ecosystem News, Quantum Hub PoC use-case, Spotlight and Dealflow. As always, we would appreciate any feedback and questions on the focus areas, the reviewed companies, or the report’s structure.
Ecosystem News gives a glimpse of interesting events/ announcements/ investments information related to the Israeli tech ecosystem.
Quantum Hub PoC use-case shows you 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.
IVC research center collaborate with MEITAR law offices and released the Israeli tech report for 2021:
- Local start-ups raised $25.6b during 2021, a leap of almost 150% from 2020, in 773 financing rounds.
Q4/2021 saw investment amounts of $8b in 206 deals, an impressive closure to the year
-IPOs appear to have become the new default for many startups this year, with 75 IPOs, 23 on Wall Street.
-In 2021 there were 163 M&As deals totaling $12b, perhaps the most active year ever for Israeli exits.
-2021 saw 33 privately held technology companies join the billion-dollar club, reaching a total of 53 Israeli unicorns.
Ecosystem News
Quantum Hub PoC Use-Case
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The Situation
Kia cars imported to Israel come with an Android-based IVI provided by Motrex. The system supports an outdated Android OS version (KitKat 4.4), due to IVI hardware limitations.
As a result, the IVI is unable to support newer versions of the apps or new apps.
What we did
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Talcar provided a Motrex IVI box to OVO as well as a list of APKs they wish to test the OVO solution on.
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OVO ported its Android client software to the Motrex IVI box and tested the OVO service on target APKs.
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The OVO client APK will be installed on several Kia cars so the OVO solution can be tested on target APKs in real vehicles on the go.
Expected results
Localize the in-car customer experience by offering local israeli apps (e.g. Waze, Online Radio apps, the Talcar CRM app,) on the infotainment screen and allowing these apps to be upgraded freely with no limitations.
OVO
OVO Automotive is a cloud-based app delivery platform for connected vehicles. With OVO, apps run in the cloud and are displayed on the vehicle's screen in a secure and transparent way, providing drivers and passengers with voice-activated, context-driven connected car experience.
Spotlight of the month
Fast charging for Electric Vehicle
EEXION invented a disruptive energy storage technology “Energize-N’-Go” cells that overcome limitations of charging time for rechargeable batteries. The technology uses a high capacity of carbon electrodes based on a chemically manipulated super-capacitor.
Distinctiveness
> Made over 1000 laboratory tests in the university.
Company ID
Founded: 2018
Team: 4
Funding: Pre Seed
Industries: Automotive
Product: R&D
Company’s product
Mapless Autonomous Driving
Imagry is an Autonomous Vehicle software provider that has created a mapless driving system. Imagry’s bio-inspired technology combines real-time vision-based perception network, and imitation-learning AI for driving decision-making network.
The software stack enables the autonomous vehicle to understand the road as it goes and reacts to dynamic context and environments. Imagry delivers L4 autonomy with adjustability to new roads and adaptability to unforeseen events.
Distinctiveness
> 3 Driving vehicles in 3 different cities : Frankfurt, Haifa and Arizona.
Company ID
Founded: 2018
Team: 4
Funding: Pre Seed
Industries: Automotive
Product: Beta
Company’s products
Nanomaterial-based Additives
Nemo Nanomaterials develops, manufactures and distributes industrial nanomaterial-based additives. The additive concentrates are introduced into existing manufacturing processes and enhance the performance of a wide range of industrial materials and products by improving their physical and mechanical properties.
Distinctiveness
> 10 Global running projects
Company ID
Founded: 2018
Team: 15
Funding: Seed
Industries: Industry 4.0, Automotive, Energy
Product: Released
Company’s products
Mapping technology
What3words developed a technology that divided the world into a grid of 3m x 3m squares, each with a unique address made from 3 words. The app lets people refer to any precise location – a delivery entrance, a picnic spot, or a drone landing point – using three words.
Distinctiveness
> Working with big companies around the world such as: Daimler, Subaru, Kakao map , Saic, DB and more
Company ID
Founded: 2015
Team: 150
Funding: 100 M$
Industries: Automotive, Logistics
Product: Released
Intro video
NFTD Imaging for crowded open spaces
Xeye developed a near field threat detection (NFTD) system that scans people in real-time — without hindering the flow of foot traffic. Using nftd sensors, electromagnetic imaging and AI the system takes up to 90 pictures per minute and can detect in real time threats such as guns, knives and more.
Distinctiveness
> Live project with Israel railways with 80% of detection
Company ID
Founded: 2015
Team: 5
Funding: Seed
Industries: Logistics, Security
Product: Beta
Company’s product
Hydrogen energy storage
HydroX has developed a green hydrogen storage technology based on a mix of water and a material similar to baking soda-aqueous liquid. HydroX core technology is in both the catalyst and the process.
The catalyst material is made of supported palladium (or equivalent) i.e. palladium on substrate; the catalyst’s manufacturing process is HydroX proprietary knowhow.
The process of chemical charging of hydrogen on potassium bicarbonate (a baking soda-like material), converts it into a solution containing water and formate.
Distinctiveness
> Key investors and partners : CLP , Other Source Energy Group
Company ID
Founded: 2016
Team: 12
Funding: Seed
Industries: Energy
Product: R&D
Company’s product
