Ashdod Port invests in five startups

Ashdod Port - credit National Photographic

Ashdod Port has announced an investment of NIS3.6 million ($1.026 million) in five startups ahead of privatisation.

This investment adds to the NIS4.5 million ($1.28 million) the port has contributed to four businesses in September.

Ashdod Port Chairwoman of the Board, Orna Hausman-Bechor said:The Ashdod Port’s board of directors has a clear vision, namely, to make the port competitive and ready for privatisation; and the only way to do so, is through a massive investment in the various technologies and startups that are already active in fields related to the port.

“The present agreement is expected to reap a profit of millions in the years 2023 and 2024, due to the royalty agreements that we have signed.”

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The startups include: Greazly, which uses a special grease monitoring system to prevent malfunctions and the closure of cranes. 

ACiiST, which offers an effective communications network capable of surviving during physical or cyber-attacks. 

Enigmatos, which offers protection against cyber-attacks on car fleets. 

Salvador, a cyber company that enables a quick 30-second recovery period from cyber attacks and malfunctions

It also includes Captain’s Eye, which uses the port’s cameras to identify and notify people in real time about safety incidents, including contamination. 

The port’s business incubator has helped more than 70 firms in a variety of industries since its founding in 2021.

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