Israel’s Startup Scene Is Booming
Israel may be a small country, but it has a thriving startup scene, with more startups per capita than any other country in the world. Its startup scene is booming.
Israeli startups raised a record $25.4 billion in 2021, according to Start-Up Nation Central data cited by Bloomberg. That beat their previous record of $10.8 billion in 2020. SoftBank and Blackstone are opening local offices in Israel, according to Bloomberg.
57 Israeli companies went public in 2021, according to the Times of Israel. Prominent Israeli companies that went public in 2021 include work management platform Monday.com, web analytics firm SimilarWeb, cybersecurity platform SentinelOne, digital ad company Taboola, and mobile game company Playtika. Other publicly traded Israeli companies include Wix, the website builder; Check Point Software, a cybersecurity company; and SolarEdge, a solar power company.
There are 79 Israeli-founded unicorns, or private tech companies worth more than $1 billion, around the world, according to a TechAviv list cited by the Times of Israel. Israeli unicorns based in Israel include eToro, a social investing platform; Moon Active, a mobile gaming company; DriveNets, a networking infrastructure company; and Lightricks, an app developer.
There were 33 new unicorns in Israel in 2021 alone, and there are 54 total unicorns in Israel, according to Start-Up Nation Central. You can view a full list of Israel’s tech startups on Start-Up Nation Central’s website here.
At Alariss Global, we work with a number of Israeli companies, including Vanti Analytics, an AI company for manufacturing; IXDen, a cybersecurity company; and OurCrowd, a venture capital firm.
At Alariss Global, we match top US sales and business development talent with international tech companies, including tech companies based in Israel, and act as the Employer of Record (EOR) to take care of payroll and legal compliance. If your company is built in Israel and made for the world, book a call with us today.