Walmart invests in several Israeli technology companies, including Team8, and has acquired several other companies in the past 5 years.

In light of the ongoing war in Gaza, Walmart Foundation has taken a strong stance in supporting humanitarian efforts, pledging $1 million to Magen David Adom (the Israeli ambulance service) to support the organization and its efforts to save lives.

The company announced this step in a statement sent on Friday to Walmart partners. The statement read: "As you all know, throughout these horrific and inhumane attacks perpetrated by Hamas, Magen David Adom (the Israeli ambulance service) has played a crucial role in providing medical assistance to the victims. To show support for all those affected by these tragedies in the region, the Walmart Foundation is committed to providing $1 million to fund the Israeli ambulance service’s emergency efforts to save lives."

Walmart's commitment to helping those in need extends beyond its contribution to support Magen David Adom (the Israeli ambulance service). Last week, the Walmart Foundation pledged an additional $1 million grant to the United States Holocaust Museum, demonstrating the company's dedication to supporting initiatives that promote understanding and commemorate historical atrocities.

In addition to these donations, Walmart always encourages its employees to participate in humanitarian efforts by encouraging colleagues to contribute to charitable causes. Walmart will match employee donations, with the potential to contribute up to $3 million in the U.S., providing vital support to organizations involved in humanitarian relief.

Walmart has several business relationships with Israel through its Walmart Global Tech branch located in Israel. Regarding its employees working in Israel, Walmart has provided additional support by offering access to counseling services and providing meal allowances. Additionally, colleagues are encouraged to work from home as needed, ensuring their safety and comfort during the ongoing conflict.

Walmart: We are part of the Israeli technological innovation system

The statement read: "These attacks have directly and tragically affected us, our friends, and our families. But Walmart Global Tech Israel is not alone. We are part of the cohesive Israeli technological innovation system that remains strong and proud during these difficult times, and we are part of the global Walmart family that shares the same values and dedication to our customers, members, and each other. It is these qualities that uplift us, even in times of great difficulty."

The statement added: "In these days filled with pain and uncertainty, I am grateful and proud of our teams in Israel who, despite everything, continue to support each other as one Walmart family. This is who we are, and this is how we will prevail," the statement concluded, "Our hearts are with the colleagues, partners, and communities we serve and live in."

It is worth mentioning that Walmart invests in several Israeli technology companies, including Team8, and has made additional acquisitions in the past five years.