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Quantum Hub
Deal Flow

December 2023

Welcome to Quantum's December 2023 Deal Flow report!

You will find 4 sections in the report:​
  • Discover the latest in the Israeli tech ecosystem with our Ecosystem News, highlighting events, announcements, & investments.
     
  • Stay informed about Quantum activities in our Quantum Hub News.
     
  • Explore our Spotlight section for in-depth insights into the most intriguing companies of the month.
     
  • For a comprehensive overview, dive into our Full Deal Flow Report, featuring relevant companies from our focal sectors.
     
We value your feedback, so feel free to share your thoughts and questions!
Dear Partners,

​​SaverOne Enters into Term Sheet to Acquire Assets and Operations of Micronet Ltd

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SaverOne 2014 Ltd, a technology company specializing in transportation safety solutions, announced that it has signed a term sheet for the strategic acquisition of certain operations, products and IP of Micronet Ltd., a developer of advanced telematics systems cameras and Driver Monitoring Systems (DMS). Upon closing of this acquisition, it will broaden SaverOne's product portfolio and customer base, and is expected to accelerate SaverOne's go-to-market strategy in the US market.
 

Micronet Ltd. is a publicly traded company on the Tel Aviv Stock Exchange, under the ticker MCRNT. SaverOne's management expects the acquisition of the Micronet Ltd. operations and assets that are to be acquired, will be immediately accretive to SaverOne following the closing.

The final deal terms are expected to be closed after concluding a due-diligence process. The majority of the consideration for the operations and assets will be contingent payments, related to the acquired operation's performance. In addition, SaverOne will assume all Micronet Ltd.'s prior obligations towards its customers, mainly including product warranties, customer service, returns, repairs, etc., and SaverOne will be compensated by Micronet Ltd. in the future in connection with the provision of these services.
 

The deal is expected to be signed and close in early 2024.

​​CorrActions raises $7.25 million to prevent vehicle accidents through AI-based brain activity monitoring

#1

The Israeli startup has developed AI-based software that detects abnormalities in the cognitive state of drivers and passengers.
 

An Israeli AI-based driver safety startup, has raised $7.25 million in its Series A round. The funding round was led by Volvo Cars Tech Fund, which was joined by BlackBerry, alongside prominent venture capital firms Next Gear Ventures, Mobilitech Capital, Regah Ventures, OurCrowd, NextLeap Ventures, and Stone Ventures.
 

CorrActions has developed AI-based software that detects abnormalities in the cognitive state of drivers and passengers. The software analyzes micro-muscle movements that reflect brain activity, using existing human-motion sensors in vehicles such as the steering wheel, in-cabin radars, seats, and other devices. These movements can indicate various cognitive states, including driver intoxication, fatigue, and distraction.

Ecosystem News

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Quantum Conducted a PoC in Collaboration with Tashtit and Wire Logic.

Wire Logic POC

The Technology:
Wire Logic provides autonomous early detection of wiring-based communication faults, enabling fleets full visibility for proactive and preventive mitigation and supporting the workshop technicians with guided diagnostics related to CAN BUS wiring faults.
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The Use Case:
The Lab PoC took place at Quantum-Hub Workshop located in Soreq, based on CAN-BUS system mockup with real-world faults injection, such as shorts, open circuits, ECU faults, etc., within the system, which Wire logic solution has to detect and provide the location of the fault along the wiring harness.
The next steps - further software development will focus on locating the exact location of electric cuts in the CAN-BUS.

The Hyundai Open Innovation Lounge showcases startups that specialize in enhancing vehicles, with the potential for collaboration with Hyundai for vehicle integration. 

Maradin <> OI Lounge

The Technology:
Maradin offers cutting-edge MEMS-based scanning solutions for laser sensors and displays, collaborating with prominent automotive and consumer display companies.
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The Use Case:
After we showcased Mardin's technology as part of Ecomotion 2023, the firm was chosen to be a part of the OI Lounge exhibition in Korea last November. 
To that aim, Mardin created a new and more advanced generation for the system, and Quantum took on the challenge of tastefully integrating the system and smoothed the system in an invisible way to a high level behind the front car grill.

Quantum News

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Eco-friendly Solid-state Battery Manufacturing Technology

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Asset Management Platform for the Renewable Energy Sector

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Environmental Intelligence Platform

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Algae-derived Biofibers and Dyes

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LiDAR Vision for Autonomous Vehicles

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Spotlight

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W Cycle

Food Containers Made From Sugar Cane Bagasse

Developing and selling food containers made from sugar cane bagasse, able to hold food for 24 hours and microwave oven safe. Free from coatings and PFAS.
Book a meeting
Deck

Talksense

Streamline CRM Updates with Voice

A solution designed to increase productivity by enabling employees to replace manual reporting with simply talking to the TalkSense app. The technology processes and analyzes the intuitively entered speech and then applies it to the appropriate areas of the data store and back office system.
Book a meeting
Deck

Data Pond

AI Technology for Real-time Water Contamination Detection

DataPond offers an affordable, real-time bio-contamination monitoring system for water safety assurance. The company’s solution is based on proprietary data-driven AI technology developed at Tel Aviv University.
Book a meeting
Deck

EnSights

Asset Management Platform for the Renewable Energy Sector

an asset management platform and operating system built to aggregate, centralize, and integrate data and operations by providing energy insights through artificial intelligence and machine learning.
Book a meeting
Deck

Sunshine Robotics

Autonomous Robots for Solar Panel Cleaning

Sunshine is developing autonomous robots that can fly and drive to clean the dust from solar panels in the residential, commercial, and utility sectors.
Book a meeting
Deck

Albo Climate

Environmental Intelligence Platform

Albo Climate is a startup that specializes in the advancement of artificial intelligence and satellite-powered technology. The company's primary focus is on monitoring carbon removal through nature-based climate solutions.
Book a meeting
Deck

NovoBatt

Eco-friendly Solid-state Battery Manufacturing Technology

Innovating battery manufacturing, aiming to bring Solid-State Batteries to the market in a manner that is cost-effective, flexible, and environmentally friendly, utilizing technology developed at Tel Aviv University.
Book a meeting
Deck

Elsight

Hybrid Connectivity Solutions

Elsight's Halo is specially designed to meet the connectivity requirements of a wide range of unmanned aerial and ground platforms, combining up to four datalinks from different providers into one secure pipeline.
Book a meeting
Deck

Brzr

Car Cooling System for emergency

Temp sensor in the car. Weight sensor under the baby's chair. The system starts working only after the key is released from the switch. A trigger is used to activate the air conditioning of the vehicle without starting the engine of the vehicle - can operate for 10 hours. The system alerts security forces and vehicle owners via SMS.
Book a meeting
Deck

LucoDrive

An Innovating Slewing Drive

Motor of robotic arms. Dual use gear allows to create compact ring shaped gearbox with high transmission ratio and output torque.
Book a meeting
Deck

Deci AI

Deep-learning Acceleration Platform

Deci AI is focused on enabling deep learning to live up to its true potential by using artificial intelligence to build better artificial intellgience. The company’s end-to-end deep-learning acceleration platform allows AI developers to build, optimize, and deploy faster, more accurate models for any environment, including cloud, edge, or mobile.
Book a meeting
Deck

algaeing

Algae-derived Biofibers and Dyes

Algaeing creates fully biodegradable formulations for dyeing, printing, and manufacturing fibers with zero waste. Algaeings portfolio of products harnesses the power of renewable algae, offering innovative solutions designed to make a real, planet-positive impact.
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Deck

Smart Resilin

Elastic Biomaterials for Manufacturing

An elastomeric protein found in the cuticle of most insects that exhibits high resilience and fatigue resistance. The biomaterials can be implemented in a wide range of processes and products such as restructuring materials to ensure long-term elasticity, reformulating strong and elastic adhesives.
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Deck

Tyrec

Recycled Rubber Powder to Enhances Plastic Product Sustainability

A novel use for End of Life Tires, by producing fine rubber powder, with controlled particle size and coatings, suitable as a filler and additive to the plastic industry. The fine rubber powder can replace 10%- 30% of the polymer in plastic products in a truly circular economy.
Book a meeting
Deck

monogoto

Secure Cellular Connectivity for IoT and Private Networks

A cloud-based cellular network provider offering API-driven infrastructure as a service designed to enable cellular connectivity with existing enterprise IT infrastructure.
Book a meeting
Deck

eBBack Inventory

Marketplace for Excess Inventory

Develops a circular economy marketplace for excess inventory and will support environmental sustainability by allowing its users to buy and sell excess items at market price, avoiding unnecessary waste and eliminating the need for new production.
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Deck

Full Deal Flow  

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