Israel has developed the reputation of a startup nation; what does this mean, and how did Israel develop this reputation? In 2021, Israel received 28 times more capital flow per capita than the US, marking it as a rapidly growing technological and economic nation. During this same year, 57 Israeli companies went public, raising $4 billion. Clearly, Israel is a new major world player in tech startups.
There has also been rapid growth in Israel itself. For example, cybersecurity startups in Israel raised $8.8 billion in 2021, tripling the amount raised in 2020. In 2021, Tel Aviv gained 30 new unicorns, bringing the overall total to 92 in 2022. Tel Aviv also houses startups that raised $20 billion in 2021. This is exceptional and made up 63% of the national total that year.
Additionally, Israel houses many core technology companies and their R&D centers. Some of these notable companies include FaceBook, HP, Intel, Samsung, and Amazon. Tying these companies to Israel marks it as a global player and participant in the tech scene.
Technology will continue to change and grow, and being aware of the hotspots for where this growth occurs is useful. Currently, Israel is one of these hotspots, and is not showing signs of slowing down any time soon.
