Israel continues to produce an impressive number of highly successful tech companies for a country with a population of just 9 million people. The Middle Eastern country is sometimes referred to as a “Startup Nation” thanks to the sheer number of entrepreneurs building businesses there, particularly in cities like Tel Aviv.
Israel is an entrepreneurial powerhouse and a hotbed for pioneering technologies, profitable business opportunities, and high investment returns. For these reasons, it is no surprise that the world’s leading multinational companies have all chosen Israel: Microsoft, Motorola, Google, Apple (three R&D centers), Facebook, Berkshire-Hathaway, Intel, HP, Siemens, GE, IBM, Philips, Lucent, AOL, Cisco, Applied Materials, IBM, J&J, EMC, and Toshiba are just some of the names in a long list of over 200 MNCs who realized that Israel is the ideal place for investment and growth. Furthermore, many multinational corporates such as Tata, Kodak, Citi bank, and many others have established innovation centers in Israel. Here is our selection of the most interesting companies in Israel:
1. HEALTHY
Location: Tel Aviv, ISR Israel
Total Funding: N/A
Industry: Health
Founded: 2013
Lead Investor(s): N/A
Healthy.io is the pioneer in turning the smartphone camera into a clinical grade medical device. Founded in 2013 by founder and CEO, Yonatan Adiri, it took them only three years to reach from idea to global revenues through successful clinical trials. Their first product, Dip.io, is the world’s first clinically approved home urinalysis kit. The product effectively turns the smartphone into a clinical grade urinalysis device, enabling the layperson to conduct clinically required urine testing with a simple smartphone scan. Dip.io was followed by ACR – a second urinalysis test that lets people with diabetes or high blood pressure reliably test themselves at home for kidney disease. The product achieved 99% usability success and is being rolled out for large population screening in Europe, using digital technology to change the dynamics of chronic kidney disease prevention. Their second product family – Chronic wound monitoring – is an assessment tool to analyze chronic wounds over time and facilitate better care coordination.
Estimated Revenue & Financials
- Healthy.io’s estimated annual revenue is currently $28.1M per year.
- Healthy.io’s estimated revenue per employee is $270,000
Employee Data
- Healthy.io has 104 Employees.
- Healthy.io grew their employee count by 86% last year.
2. BIOCATCH
Location: Tel Aviv, Israel
Total Funding: $46.5M
Industry: IT Security
Founded: 2011
Lead Investor(s): Maverick Ventures
BioCatch is a cybersecurity company that delivers behavioral biometrics, analyzing human-device interactions to protect users and precious data. Founded in 2011 by experts in neural science research, machine learning and cybersecurity, BioCatch is used by banks and other enterprises to reduce online fraud and protect against cyber threats, without compromising user experience. With an unparalleled patent portfolio and deployments at major companies worldwide that cover tens of millions of users to date, BioCatch has established itself as the industry leader for behavioral biometrics.
Estimated Revenue & Financials
- BioCatch’s estimated annual revenue is currently $32.2M per year.
- BioCatch received $30.0M in venture funding in March 2018.
- BioCatch’s estimated revenue per employee is $204,000
- BioCatch’s total funding is $46.5M.
Employee Data
- BioCatch has 158 Employees.
- BioCatch grew their employee count by 33% last year.
3. INSIGHTEC
Location: Tirat Carmel, Hai Israel
Total Funding: $496.9M
Industry: Medical Equip
Founded: 1999
Lead Investor(s): York Capital Management
INSIGHTEC is a global team united by a common vision to transform healthcare by making MR-guided focused ultrasound a standard of care. INSIGHTEC’s MR-guided focused ultrasound technology is a game-changing innovation that allows performing incisionless brain surgery. The company’s non-invasive therapy platform, Exablate Neuro, is proven technology based on sound clinical evidence for treating essential tremor and tremor-dominant Parkinson’s disease. INSIGHTEC was founded by individuals passionate about developing a breakthrough medical technology that would make a real impact on the lives of millions of people, globally.
Today, INSIGHTEC remains dedicated to improving patient lives by collaborating with physicians, medical institutions, academic researchers and regulatory bodies around the world.
Estimated Revenue & Financials
- INSIGHTEC’s estimated annual revenue is currently $76.1M per year.
- INSIGHTEC’s estimated revenue per employee is $251,000
- INSIGHTEC’s total funding is $496.9M.
Employee Data
- INSIGHTEC has 303 Employees.
- INSIGHTEC grew their employee count by 12% last year.
4. LIGHTRICKS
Location: Jerusalem, Israel
Total Funding: $205M
Industry:Tech Services
Founded: 2013
Lead Investor(s): Viola Ventures
Lightricks was founded in 2013 by five entrepreneurs from the Hebrew University of Jerusalem, four of them CS PhD students. Based in Israel with an office in New York, the company has grown from five founders to a team of over 100. Lightricks is fast-becoming the go-to creator of popular, award-winning image and video editing apps. Since Facetune, their flagship product, they’ve built an arsenal of powerful creativity apps, says Lightricks CEO, Zeev Farbman. The company’s first two paid products, Facetune and Enlight, are two of the world’s most successful premium creativity apps, with over 11 million paid units sold. Facetune is a fun and powerful portrait retouching application, enabling regular users to achieve results previously reserved for professionals.
Estimated Revenue & Financials
- Lightricks’s estimated annual revenue is currently $37M per year.
- Lightricks’s estimated revenue per employee is $145,000
- Lightricks’s total funding is $205M.
Employee Data
- Lightricks has 255 Employees.
- Lightricks grew their employee count by 70% last year.
5. MOOVIT
Location: Ness Ziona, ISR Israel
Total Funding: $131.5M
Industry: Transportation
Founded: 2011
Lead Investor(s): N/A
Moovit is the world’s largest urban mobility data and analytics company and the #1 transit app. Moovit simplifies your urban mobility all around the world, making getting around town via transit easier and more convenient. By combining information from public transit operators and authorities with live information from the user community, Moovit offers travelers a real-time picture, including the best route for the journey. Named Best Local App by Google in 2016 and one of Apple’s Best of 2017 apps, Moovit launched in 2012 and has now surpassed 200 million users. Moovit amasses four billion anonymous data points a day to add to the world’s largest repository of transit data. The data gathering is aided by Moovit’s network of more than 400,000 local editors called Mooviters. These passionate users help map and maintain local transit information in cities that would otherwise be unserved. Mooviters account for 65 percent of the hundreds of cities Moovit opens every year and make Moovit the Wikipedia of Transit. Moovit is an early pioneer of Mobility as a Service (MaaS). The company helps people change the way they consume mobility by fully integrating other forms of transport, such as ride-sharing, and local bicycle services, into its app. In 2017 Moovit launched its Smart Transit Suite of products to help cities, governments and transit operators improve urban mobility in their cities. Moovit is available for free on iOS, Android and the Web in more than 2,500 cities, across 82 countries, and can be used in 44 languages. More than 100 cities and global events, including Rio de Janeiro for the 2016 Olympics, have made Moovit their official transit app.
Estimated Revenue & Financials
- Moovit’s estimated annual revenue is currently $59.4M per year.
- Moovit’s estimated revenue per employee is $328,000
- Moovit’s total funding is $131.5M.
Employee Data
- Moovit has 181 Employees.
- Moovit grew their employee count by 3% last year.
6. JFROG
Location: Netanya, Israel
Total Funding: $226M
Industry: Tech Services
Founded: 2008
Lead Investor(s): Insight Venture Partners
Built on their successful Artifactory open-source version JFrog developed the Pro, SaaS and Enterprise versions of Artifactory Binary Repository manager, and then, as a giant leap forward they developed Bintray to give the world the first Universal Distribution Platform. With their additional new products, JFrog Mission Control, giving teams centralized control, management and monitoring of their global artifacts, and JFrog Xray, Universal Artifact Analysis, recursively scanning all layers of an organization’s binary packages to provide radical transparency and unparalleled insight into their software architecture. JFrog is a well-funded, software start-up, with an audience of both software developers and DevOps teams.
Estimated Revenue & Financials
- JFrog’s estimated annual revenue is currently $83.7M per year.
- JFrog received $165.0M in venture funding in October 2018.
- JFrog’s estimated revenue per employee is $145,000
- JFrog’s total funding is $226M.
Employee Data
- JFrog has 577 Employees.
- JFrog grew their employee count by 30% last year.
7. CATO NETWORKS
Location: Tel Aviv, Israel
Total Funding: $105M
Industry: Tech Services
Founded: 2015
Lead Investor(s): N/A
Cato Networks provides organizations with a cloud-based and secure global SD-WAN. Cato delivers an integrated networking and security platform that securely connects all enterprise locations, people and data. The Cato Cloud reduces MPLS connectivity costs, eliminates branch appliances, provides direct, secure Internet access everywhere, and seamlessly integrates mobile users and cloud infrastructures into the enterprise network. Based in Tel Aviv, Israel, Cato Networks was founded in 2015 by cybersecurity luminary Shlomo Kramer, who previously co founded Check Point Software Technologies and Imperva, and Gur Shatz, who previously co founded Incapsula.
Estimated Revenue & Financials
- Cato Networks’s estimated annual revenue is currently $29.6M per year.
- Cato Networks’s estimated revenue per employee is $145,000
- Cato Networks’s total funding is $105M.
Employee Data
- Cato Networks has 204 Employees.
- Cato Networks grew their employee count by 51% last year.
8. WSC SPORTS TECHNOLOGIES
Location: Givatayim, DAN Israel
Total Funding: $12M
Industry: Tech Services
Founded: N/A
Lead Investor(s): N/A
WSC Sports provides an innovative workflow automation solution for sports media-right owners, from ingestion of live content to distribution of automatically created short-form videos – tailor-made, customized and personalized for every need. WSC’s unique sets of sports video technologies based on AI and Machine-Learning analyzes sports broadcasts in real-time, identifies every component in a game and generates customized highlights of every player, team and moment to answer any imaginable demand. WSC provides the best way to extract value from sports broadcasts, enabling the creation of new content that answers the diverse demands of multiple stakeholders – broadcasters, federations, leagues, teams, sponsors and brands, while driving fan interaction, hype and interest. WSC’s platform is being used by leading sports media brands to better leverage sports content, increase fan engagement, strengthen fan loyalty, and create top notch marketing and promotional opportunities.
Estimated Revenue & Financials
- WSC Sports Technologies’s estimated annual revenue is currently $18M per year.
- WSC Sports Technologies’s estimated revenue per employee is $145,000
- WSC Sports Technologies’s total funding is $12M.
Employee Data
- WSC Sports Technologies has 124 Employees.
- WSC Sports Technologies grew their employee count by 51% last year.
9. IRON SCALES
Location: Tel Aviv, Israel
Total Funding: $8M
Industry: Tech Services
Founded: 2013
Lead Investor(s): N/A
IRONSCALES – The world’s 1st automated phishing prevention, detection and response platform IRONSCALES’ multiple award-winning anti-email phishing technologies combine human intelligence with machine learning starting at the mailbox-level to prevent, detect and respond automatically to today’s sophisticated email phishing attacks using a multi-layered and automated approach. Their suite of products ensure that employees are prepared to take an active role in protecting the integrity of their organizations, while reinforcing their efforts with technology that can automatically defend enterprises from attacks in real-time. Headquartered in Tel Aviv, Israel, IRONSCALES was incubated in the 8200 EISP, the top program for cybersecurity ventures, founded by Alumni, the Israel Defense Forces elite intelligence technology unit. The IRONSCALES team is comprised of top-tier talent from high-level business executives and management to security researchers, penetration testing and product experts, as well as specialists in the field of effective interactive training.
Estimated Revenue & Financials
- IRONSCALES’s estimated annual revenue is currently $7M per year.
- IRONSCALES’s estimated revenue per employee is $145,000
- IRONSCALES’s total funding is $8M.
Employee Data
- IRONSCALES has 48 Employees.
- IRONSCALES grew their employee count by 37% last year.
10. INTUITION ROBOTICS
Location: Ramat Gan, Israel
Total Funding: N/A
Industry: Tech Services
Founded: 2016
Lead Investor(s): N/A
Intuition Robotics is the creator of ElliQ, the proactive social robot for older adults, designed to keep them active and engaged. The company’s AI cognitive computing technology, award-winning design, and intuitive interaction models provide a natural way for older adults to reap the benefits of technology without the need to master the tools. The company was founded in 2016 and is based in Israel with offices in California. Intuition Robotics has raised over $20M in funding and is supported by renowned industry experts.
Estimated Revenue & Financials
- Intuition Robotics’s estimated annual revenue is currently $11.5M per year.
- Intuition Robotics’s estimated revenue per employee is $145,000
Employee Data
- Intuition Robotics has 79 Employees.
- Intuition Robotics grew their employee count by 49% last year.
Top 10 Hot StartUps In Israel
So how does Israel manage to stay on top of technology in a variety of sectors? Moreover, what makes it so unique that so many international players come and seek the next innovation here? Israel’s unique society and culture, strong economy, government support, and “global-first” market approach are just a few of the factors that make Israel’s innovation ecosystem one of the most successful in the world. In 2016 alone, Israeli startups raised a record $4.8 billion from investors, while high-tech and startup companies were sold for $10.02 billion through acquisitions or IPO’s. Israel is also home to the highest number of engineers per capita and has the world’s 2nd highest R&D expenditure as percent of GDP (4.3%).
Which of the above companies appealed to you the most? Do you see any company that you think should appear here? Share your thoughts with us and tell us which of these top Israeli startups you think has the most potential!
