Quantum Hub
Deal Flow Report
November 2022
Dear Partners,
As the holiday season approaches, we at Quantum hub wanted to take a moment to thank you for your continued partnership.
We are grateful to work with you and look forward to continuing our successful collaboration in the new year, helping build a better and brighter future together.
May this holiday season brings you joy, happiness, and success!
On this November 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
Israeli startups raised over $600m in November
Israeli startups raised over $600 million in November 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 AI data platform Weka, which raised $135 million. Cybersecurity company Apiiro raised $100 million, secrets management company Akeyless raised $65 million, robot drug delivery company Bionaut raised $43.2 million, and car marketing data company Autoleadstar raised $40 million.
Conbo.ai’s billion-dollar opportunity to revolutionize maritime terminals
The Israeli company has raised $2 million to help with the sensitivities surrounding supply chains.
“Global supply chains are extremely sensitive to changes in demand, production, global economy, political interests, and whatnot,” explained Conbo.ai. “AI and big data technologies were harnessed to enable better efficiency and predictability, but they are limited by the data they process.”
According to the company, while there is wide and varied relevant data online to feed AI algorithms, key logistic hubs such as maritime terminals and train operators are struggling to digitize their operations due to traditional reasons and unique needs, making data collection a real challenge.
Quantum Hub News
SPARK #5 opening event
This month we broke several records working on batch #5 of SPARK PoC runway program:
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Over 100 startups applied to the program
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More than 52 one pagers were sent to our partners and experts for rating
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24 startups presented their technology and company at the screening committee
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9 startups were selected to participate in the program
The new SPARK #5 startups that we are initiating projects with are:
Daika Wood - gives a solution to the unutilized wood waste streams by developing a new material made of wasted wood and other natural material, offering a sustainable alternative to wood and plastics.
Autofleet - AutoFleet’s platform leverages advanced machine-learning models for real-time demand prediction, automated generation and management of maintenance/servicing tasks, optimized dispatching and routing, and dynamic pricing to help existing fleets become more efficient.
Polymertal - a developer and manufacturer of light-weight and environmentally friendly advanced material parts. The materials are a combination of substrate polymer and a durable metal plating that enable metallic features.
HydroX - HydroX is developing a patented energy storage technology for safe and inexpensive use in zero-emission, hydrogen storage technology in liquid. The liquid is charged with hydrogen and released on demand, reducing infrastructure and handling costs.
Magnus Metal - develops additive casting technology using a fully digital process that enables high-volume production of large, complex load-bearing metal parts at 30% lower cost than traditional casting.
Coreteel - a developer of unique material that is binding chemically with the metal surface, creating protective oxide layers. The material is totally eco-friendly, extremely efficient and dramatically cost saving.
ThermoSiv - develops heating fabric weaved with carbon-based conductive yarns. The technology offers far-infrared therapy heating, energy efficiency, flexible and easy integration.
V-hola - develops innovative solutions to monitor and control the electromagnetic emission in fully electric and hybrid vehicles in order to improves vehicles performances
Tortech Nanofibers - Tortech Nanofibers manufactures carbon nanotube mats for a wide range of applications. The nonwoven carbon nanotube sheet has a high resistance to mechanical stress and also possesses properties such as electrical conductivity, high EMI attenuation, black body radiation, and IR suppression.
Spotlight of the month
Portable X-ray Inspection Technologies
Vidisco designs and manufactures portable X-ray inspection systems. The company's PC-based digital radiography inspection system can fit in a single suitcase. Vidiscos systems are deployed in more than 75 countries worldwide in all types of terrain and weather conditions.
Vidisco’s high-speed Automated Defect Recognition (ADR) technology allows automotive component manufacturers to inspect every component right in the production line. Leveraging advanced algorithms, image processing, and machine learning, Vidisco provides accurate in-line scanning at a fraction of the time and cost.
Distinctiveness
> IDF Special Forces engineering unit using a Vidisco portable X-Ray system in the field, to identify and properly dispose of old bombs and explosives that were abandoned during wars that took place 55 years ago.
Company ID
Founded: 2001
Funding: Pre-seed
Industries: Industry 4.0
Product: MVP
In-line 3D X-Ray Automated Defect Recognition
Vidisco Solutions
Semi-transparent Solar Panels for Agriculture
Red Solar Flower (RSF) is focused on increasing both clean energy solutions and food security in the era of climate change. The company develops a semi-transparent, non-silicon solar panel that provides a synergetic and profitable dual-use solution.
RSF’s patented Perovskite-based solar panel transfers only the wavelengths required for photosynthesis while utilizing the rest of the spectrum for power generation, thereby enabling 100% coverage of the growing area while maintaining the light conditions required for plant growth.
Distinctiveness
> Signed MOU with The Hebrew University
> Won first prize in the Energy-Tech Challenge / Climate Solutions Prize held by Startup Nation Central and led by SolarEdge (Oct. 22)
Company ID
Founded: 2015
Funding: Pre-seed
Industries: Agritech
Product: R&D
RSF Perovskite-based, Solar Cell
API Platform for the Insurance Industry
The company system identifies and predicts subtle patterns of risk exposure by looking at hundreds of data points and running thousands of calculations per second. the system continuously evaluating streams of data (telematics, claims etc.) and generating insights that are helping our customers to lower their risk exposure, forecast their insurance cost, and save money.
Distinctiveness
> The winner of the KPMG Private Enterprise Tech Innovator for 2022.
Company ID
Founded: 2020
Funding: Seed
Industries: Mobility & Automotive
Product: Released
Real-time Data-Driven Dashboard
Turns aluminum into a water-reactive fuel
Found Energy is a clean energy company producing a carbon-free fuel that is lower-cost and more energy-dense than fossil fuels. This will enable to decarbonize the most challenging and carbon-intensive industries which are unaddressed by existing technology portfolios.
Their technology uses metallic aluminum as the carbon-free fuel to produce hydrogen on-demand for less than $0.50 per kilogram and at five times the volumetric energy density of liquid hydrogen.
The company now scaling and translating the hydrogen generation technology to both commercial and humanitarian applications, taking on both the causes and effects of climate change.
Distinctiveness
> Patented technology from MIT
Company ID
Founded: 2020
Funding: Pre-seed
Industries: Energy
Product: R&D
Aluminum as a Renewable Energy Carrier
The technology works with aluminum waste
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Quantum Hub PoC Use-Case
The Situation
Today the solutions for monitoring the tires condition and weight load on the vehicles are mainly expensive hardware solutions.
In order to maximize the safety, efficiency, and driving experience, it is crucial to monitor the tire conditions/health and weight of the vehicle using software only in real-time.
What we did
Evaluate Tactile’s software performance and accuracy on different road surfaces and driving conditions in three different tests- Tire grip estimation, weight estimation, and tire tread depth.
We conducted over 30 scenarios on Kia Niro EV and Kia K2500, supplied with signals from the vehicle such as: power unit output torque, wheels speeds, multi accelerations, tires pressures, steering angle and more axis.
Expected Results
Grip estimation - The technology was be able to estimate the grip of the vehicle and sense transitions between surfaces, in real-time with an accuracy of ±0.2 mu which is suitable according to the predefined KPIs.
Tire tread depth - The software was able to identify the “bad” tire location and indicate the level of its tread depth of -3.2 mm with an accuracy of error < ± 1.5 [mm] according to the predefined KPIs
Weight estimation - The software was able to estimate the weight load of the vehicle with accuracy of 85%.These results are suitable according to the predefined KPIs
Tactile Mobility
Tactile Mobility’s platform allows OEMs to benefit from the new industry standard in vehicle data. Through the company’s software licensing and data services, OEMs can leverage an innovative system empowering them to give smart and autonomous vehicles the tactile capacity to augment visual and auditory sensing.
