Over the past several years, Israel has emerged a rising tech startup nation. Now, it is known as the startup nation. It achieved this reputation through a significant capital flow; in fact, per capita, Israel received 28 times more capital flow than the US. It is important to be aware of Israel’s growth and presence on the global stage, as it will likely have a large impact on technological development.
Israel has huge startup potential. In fact, in 2022, Israel’s technology companies made 663 deals that raised $14.95 billion. The year before, 57 companies went public in Israel and raised $4 billion. This is close to three times the amount that was raised by IPOs in 2020. More specifically, Israel’s cybersecurity startups alone raised $8.8 billion in 2021. Once again, this number is a significant increase in earnings from the previous year.
Israel hosts many R&D centers for large companies including Amazon, Samsung, FaceBook, and more. Tel Aviv is the home to several innovation centers founded by companies like Apple. In fact, Tel Aviv is the 7th largest startup ecosystem in the world.
There is no doubt that Israel is changing the technology scene. It houses growing companies and is producing vast economic boons. Being aware of its presence on the global playing field will be key in the coming years.
