SOUTH KOREA - Samsung Buys Israeli Auto Tech

Arno Froese

A Samsung subsidiary has acquired an Israeli tech startup that developed a radar-based monitoring system to track the health and vital signs of vehicle occupants.

Harman, Samsung’s audio electronics company, said in an announcement that it bought Netanya-based startup Caaresys to expand its automotive product offerings and “offer new levels of in-vehicle safety, comfort, and well-being in its growing product line.”

The Israeli company says it has already partnered with leading automakers to integrate the sending device into the manufacturing process.

Harman, originally an American company bought by Samsung Electronics in 2016 for some $8 billion, develops connected products and services for automakers, consumers, and enterprises. 

Harman previously acquired three Israeli startups in the past 10 years: Ramat Gan-based iOnRoad, which develops augmented reality (AR) for cars; Hod Hasharon-based Red Bend Software, which enables cars to be connected to the cloud; and Kfar Saba-based TowerSec Automotive Cybersecurity.

-www.timesofisrael.com, 6 September 2022

Arno's Commentary

South Korea’s Samsung is among the world’s largest producers of electronic devices. One would think that the latest electronic technology would come from that country. Not so; Samsung’s Harman continues to acquire Israeli startups. Quite naturally, Israel will continue to produce startups, with no end in sight.

“Why Israel?” many ask. Here Proverbs 9:9 is fitting: “Give instruction to a wise man, and he will be yet wiser: teach a just man, and he will increase in learning.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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