In just the past few years, Israel has solidified itself as one of the best places in the world for a new tech startup – the Startup Nation. Cybersecurity startups in Israel tripled the amount of money they raised in 2020 to nearly $9 billion in 2021. 2021 also had 57 new Israeli companies go public and raise over $4 billion – almost 3 times the $1.7 billion raised by IPOs in 2020. Some Israeli startups have since been acquired by huge companies. One such company is Primesense, one of the foremost developers for 3d sensor tech used for Face ID in iPhones was acquired by Apple in 2013 for $350 million.
Israel’s tech startups are able to succeed because of a number of factors from inside as well as outside Israel. A number of massive companies such as Google, Microsoft, and Apple all have R&D centers and offices located in Israel as well as having a vested interest in the goings-on. The Israeli government has also set up a number of programs and grants to help kickstart new startups and help them get on their feet.
Learn more about why Israel is a breeding ground for innovation and how Israel helps new startups succeed here.