Why Tech Startups Have Better Potential In Israel

Israel is one of the best places for a new tech startup and has seen massive recent growth and investment in startups. In 2022, Israel’s tech companies sealed 663 deals raising nearly $15 billion. 2021 had Israeli cybersecurity startups raise more than 3 times as much they did in 2020 at a whopping $8.8 billion raised. Israel is ranked #2 in the world for R&D expenditure per capita and is in the top 3 for number of machine learning and AI startups. 57 new Israeli companies went public in 2021 and raised $4 billion – almost 3 times the amount raised by IPOs in 2020. 

There are a number of driving forces behind the success of many businesses in Israel. Venture capital firms and a number of massive corporations have offices in Israel and maintain a vested interest in the companies that spring up in Israel. Apple, Google, Amazon, and Microsoft all have R&D centers in Israel with some startups from Israel being acquired by these tech giants. Israeli companies are also oftentimes forced to look at a global market from the getgo as the local market is often very small.

Learn more about the reasons why Israel is a breeding ground for growth and success for new tech startups here. 

How Israel Has Emerged on the Tech Scene

Releated

AI Jobs Given and Taken

There have been few forces as controversial as AI. It has undeniably helped to make some resources accessible, practical, and useful. It also manages to remove the monotony a lot of humans have to work through in countless processes. Yet the fears around AI taking artists and industry jobs alike are certainly valid. So what’s […]