Ashdod Port invests in five start-ups featuring crane safety and cyber security tech

Ashdod Port has announced an investment of NIS3.6m in five start-ups covering areas such as crane safety and cyber security, as it looks to boost its competitiveness ahead of privatisation.

Selected from a list of 10 companies, the investment is predicted to deliver future revenues of NIS1m over the next two years, through a royalty agreement.

Among the start-ups are Greazly, with its grease monitoring system to prevent malfunctions and the closure of cranes, and Captain’s Eye, which uses the port’s cameras to identify and alert in real-time regarding safety incidents including contamination.