š š®š± This week in IsraelTech:
1.
@Olympus_Corp Agrees to Acquire BioProtect for $270M
BioProtect developed a biodegradable balloon spacer system used during prostate cancer radiation therapy to help protect healthy tissue and preserve patient quality of life.
Founded in 2004 and led by CEO Itay Barnea, the Israeli medtech company generated approximately $14.5M in revenue in 2025. Since launching commercially in 2023, its Balloon Spacer has been used in more than 11,000 procedures worldwide as Olympus expands deeper into urology and oncology.
2.
@ElbitSystemsLtd's FUSE Acquires
@bluewhiteag built AI-powered autonomous systems for off-road and defense applications, including its Pathfinder autonomy kit and Compass fleet operations platform.
Led by CEO Ben Alfi, the Tel Aviv-based company brings more than 100,000 cumulative autonomous operating hours into Elbit Systemsā growing robotics and unmanned systems ecosystem under FUSE CEO Eyal Dahan.
3.
@Amdocs Acquires AI Startup Yess
Amdocs is accelerating its push into agentic AI through the acquisition of Yess, an Israeli startup focused on autonomous AI agents for enterprise workflows.
Founded by former AWS Israel executives Jonathan Bregman, Ido Perlson, Matan Zutta, and David Feldstein, the entire Yess team is joining Amdocsā Generative AI and Data division led by Ilan Sade.
4.
@phytolon Raises $23.6M to Replace Artificial Food Dyes
Israeli foodtech company Phytolon uses precision fermentation and bakerās yeast to produce natural alternatives to petroleum-based synthetic food dyes like Red 40.
Led by co-founders Halim Jubran and Tal Zeltzer, the company recently received FDA approval for its fermentation-derived beetroot red dye and raised $23.6M with participation from Millennium Foodtech, NextGen Nutrition, Colorcon Ventures, and Yossi Ackerman.
5.
@BIRDFoundation1 Energy Opens Applications for New U.S.-Israel Energy Innovation Grants
The BIRD Foundation, together with the U.S. Department of Energy (
@ENERGY), Israelās Ministry of Energy and Infrastructure, and the
@ILInnovationAut, opened applications for joint U.S.-Israel energy R&D grants of up to $1.5M per project.
Priority areas include AI-integrated data centers, grid optimization, cybersecurity for energy infrastructure, and water-energy technologies, continuing the long-running collaboration between the U.S. and Israeli innovation ecosystems.
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