Three selected news about business and innovation from Israel. Today the three fields are: OpenSource: Fight Against Antisemitism, Fintech: The Next Israeli Unicorn and Artificial Intelligence: Construction Management. Selected and brought daily to you by Naftali – doing business and searching for innovation for 40 years.
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OPENSOURCE: FIGHT AGAINST ANTISEMITISM > Global ARC
Global ARC Launches First Open-Source Digital Platform to Solve the Antisemitism Accountability Crisis on Social Media. Global ARC is taking action to combat the spread of online antisemitism by creating a first-of-its-kind open database of antisemitic social media content, democratizing the fight against antisemitism and serving as an advanced engine of transparency to drive social media accountability. The Global Antisemitism Research Center (Global ARC) is a groundbreaking non-profit tech-centered startup initiative designed to drive enforcement and improvement of community standards and hate speech policies across social media platforms. Our mission is to serve the public, initiatives against hate, and ethical tech efforts by empowering them with a centralized open-source research, monitoring, and alert center for tracking online Jew-hatred across the digital space in multiple languages. Global ARC is a registered non-profit in Israel.
FINTECH: THE NEXT ISRAELI UNICORN > UNIT
Unit has raised a $100 million Series C led by Jeff Horing of Insight Partners, at a $1.2 billion valuation. Joining Insight are existing investors Accel, Better Tomorrow Ventures, and Flourish, as well as new investors Stepstone, Moving Capital (Uber alumni syndicate), and prominent fintech angels. Unit is a simple and robust platform to empower the next generation of fintech builders. Since launch, Unit has grown to serve 140+ customers, from public companies to early-stage startups. The list includes AngelList, Invoice2Go, Homebase, HoneyBook, Roofstock, and many more. Unit’s customers have been able to take advantage of Unit’s unique approach – a modern tech stack built on a native ledger, embedded compliance, and built-in bank relationships – to launch in weeks.
ARTIFICIAL INTELLIGENCE: CONSTRUCTION MANAGEMENT > BUILDOTS
Buildots, which uses AI and computer vision to modernize construction management, today announced a $60 million Series C round mutually led by Viola Growth and Eyal Ofer’s O.G. Tech along with existing investors TLV Partners, Lightspeed Venture Partners, Future Energy Ventures and Maor Investments. Buildots will use the new funds, secured less than a year after the company’s series B raise, to expand its solution to support more workflows within construction teams.
Buildots provides a single source of truth for construction site activities. By collecting data with hardhat-mounted 360° cameras and processing this data with AI, its solution enables construction teams to keep building on schedule and flag mistakes in real time. Having facilitated better and faster construction for residential and commercial projects with major firms like Build Group, Wates and NCC, the company is currently enjoying tremendous growth and is making an impact across North America, Europe and the Middle East.