Three selected news about business and innovation from Israel. This time from the fields: Bio-Engineering, Artificial Intelligence and Physics. Selected and brought daily to you by Naftali – doing business and searching for innovation for 40 years.
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BIO-ENGINEERING > BioGenCell&Marius Nacht
The Israeli biotechnology company BioGenCell (Netanya), founded by Dr. Yael Porat and Prof. Michael Belkin, is developer of unique technology for using stem cells from the patient’s own blood to treat microvascular diseases. BioGenCell has completed a $16 million seed round, led by Marius Nacht, Israel’s largest private biotech investor. BioGenCell’s innovative, accessible and painless medical platform focuses on the needs of patients and physicians. The current product treats severe limb-threatening ischemia (CLI) typically found in patients with diabetes and heavy smokers.
ARTIFICIAL INTELLIGENCE > Priority introduces AI
Priority Software Ltd. (Tel Aviv) is a leading global provider of business management solutions and announced the release of its latest ERP platform version, V22.0, to 75.000 Priority’s customers in 40 countries. V22.0 Release introduces new AI-Based Features. V22.0 offers new and advanced AI-based customization, personalization, and automation features, alongside many enhancements to the financials and logistics modules, extended abilities for multi-company organizations, new localization, and more.
PHYSICS > Technion and Breaking Waves
The study was conducted by Technion (Haifa) Professor Dan Liberzon, Ph.D. student (in the Inter-Faculty Program for Marine Engineering) Sagi Knoblerand, Ph.D. student Ewelina Winiarska, in collaboration with Professor Alexander Babaninof the University of Melbourne, Australia. One of the currently accepted paradigms of waves study is that a wave breaks when it reaches a threshold steepness – a steepness at which the wave can no longer maintain its form and collapses. But the findings by the Technion and the University of Melbourne researchers show that this approach is wrong, and that there is no absolute threshold steepness beyond which any wave is doomed to break.
Out of the box > Philosophy and AI