Three selected news about business, innovation and sustainability from Israel. Today the three fields are: Sustianability: Animal-free Diary, Business: Investment in 4D-Radar Technology , Innovation: Public Transport and AI.
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SUSTAINABILITY: Animal free Diary > Remilk
Remilk, a global leader in the development and production of animal-free dairy, has obtained self-affirmed GRAS (generally recognized as safe) status, in accordance with U.S. Food and Drug Administration requirements, paving the way for non-animal, real-dairy products in the U.S.
Remilk protein is identical to cow-based milk protein but produced without a single animal cell. GRAS status indicates that Remilk protein is considered safe for consumption in food and beverages, which means it can be used by manufacturers to make non-animal varieties of popular consumer products such as ice cream, yogurt, and cream cheese.
Unlike plant-based dairy alternatives, Remilk proteins are bio-equivalent to their traditional counterparts and dairy produced using them is indistinguishable in taste and function from traditional dairy. With this regulatory clearance, the company can begin selling to US CPGs, with sales anticipated to begin in the coming quarters.
INNOVATION: AI and Public Transport > Save A Train
Save A Train, the leader in digital B2B Rail ticketing worldwide and the largest global rail distributor, has secured an unsolicited amount by a strategic investor, Lars Gorschlueter, the owner of GOTEC Group, a worldwide automotive supplier.
Save A Train plans to use the proceeds of this investment to substantially increase its headcount and to further expand its presence and strength in this relatively underdeveloped but nevertheless key market of the travel & transportation industry.
During the recent pandemic Save A Train saw its global rail tickets sales shrink just like the rest of the travel industry but nevertheless saw its clients list more than doubling. Currently Save A Train has contracts with 7 out of the 10 largest travel companies worldwide.
Save A Train was founded in 2016 with Headquarters in Israel and The Netherlands. Its aim is to digitize and simplify international train travel for B2B partners. Save A Train aims to make Rail travel digital for anyone who wishes to foray into this over $200 Bn market.
Save A Train has built a solid rail technology that solves the problems that other competitors, as well as railway companies failed to solve. The Save A train system acts as the backbone of train ticketing globally, and created a solution to many of the problems this complicated and overlooked mobility vertical has.
BUSINESS: Investment in 4D-Radar Technology > Vayyar Imaging
Vayyar Imaging, a global leader in 4D imaging radar, today announced that it has finalized a USD 108 million Series E financing round led by Koch Disruptive Technologies (KDT), bringing the company’s total funding to over USD 300 million.
Founded with a vision of detecting early-stage breast cancer using RF technology, Vayyar has since expanded its business into senior care, automotive, retail, public safety and other industries. The company provides solutions powered by its leading-edge system-on-chip, proprietary software stack, and breakthrough Machine Learning algorithms.
In the automotive space, Vayyar manufactures 4D imaging radar-based platforms that transform safety across the in-cabin, ADAS and motorcycle (ARAS) domains. The company’s ARAS platform is in mass production for deployment on Piaggio Group’s motorbikes, providing exceptional safety for the world’s most at-risk road users. Vayyar has also secured supply contracts with automakers from Japan and Vietnam and is in advanced engagements with almost every other OEM and supplier for both in-cabin and ADAS.
The new round includes first-time Vayyar backers GLy Capital Management and Atreides Management LP, alongside existing investors including KDT, Battery Ventures, Bessemer Ventures, More VC, Regal Four, and Claltech. To support investor outreach in China, Vayyar engaged China International Capital Corporation Limited (CICC) as its lead financial adviser.