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Israeli Tech Forges New Frontiers at Florida ‘Pitch Day’

March 5, 2024

FIBA’s newest initiative, its cyber program, aims to further cement the collaborative ties between Florida and Israel in the realm of cybersecurity.

Big Wins

Expansion

StemRad, ECOncrete, Nucleon, Gilinnovations, UC-Care, Uniper, Milagro AI, and Aura Air established presence in Florida following their participation in the FIBA program; hired locally and/or relocated leadership with families to the Tampa Bay area. Envonics, Cecilia.ai, OurLove, Tabit, Xtend Robotics and Docola have offices and staff in Florida

Distinctions

ECOncrete was nominated for the European Investor Award 2022. They were recognized as one of Bloomberg’s 2021 New Energy Pioneers, as one of the most innovative companies in 2019 by Forbes and Fast Company and as an awardee of the United Nations WE Empower SDG Challenge.

Funding

72 FIBA companies have raised more than a total of $915 million from investors around the world.

4 companies went public: Safe-T is listed on the NY Stock Exchange, Fluence is listed on the Australian Stock Exchange, and  XRHealth is listed on the Tel-Aviv Stock Exchange.

Pilots

MilagroAI started pilots with Tampa General Hospital and HCA Healthcare to pilot its Analytics Platform and Hospital Acquired Infections Surveillance Module. 

The Hillsborough County Sheriff’s Office tested GlobeKeeper’s secured communication solution to enhance security at a concert in Raymond James Stadium.

The City of St. Petersburg is working with ECOncrete to build an ecological seawall that will support sea life growth while strengthening infrastructure.

A multi-specialty clinic in Florida tested Agamon’s solution to analyze its radiology data.

Deals

Tampa General Hospital’s air ambulance company, Aeromed, purchased QinFlow’ mobile units to enable transfusion of warm fluids during transfer to the hospital and save lives.

NASA is testing StemRad’s AstroRad vest in space to find ways to protect astronauts from deep space radiation.

The US Defense Threat Reduction Agency & US SOCOM contracted with Xtend to deploy dozens of their counter UAS systems for field testing.

AAA, Humana and the US Department of Veterans Affairs deployed Uniper’s telehealth & social engagement services.

Acquisitions

In 2023 AuraAir was acquired by Molekule.

In 2022, Physimax was acquired by DarioHealth. In 2021, COMSovereign Holding Corp. acquired Sky Sapience, a global leader in tethered drones, and Alabama-based Help Lightning purchased Fieldbit, an augmented reality-enabled platform that helps field service technicians. In 2018, Anheuser-Busch InBev, the largest brewer in the world, bought beer and beverage analytics startup  WeissBeerger.