Israel’s hi-tech sector, a key driver of the nation’s economy, is demonstrating resilience in the face of the ongoing conflict. Despite the challenges posed by the war in Ukraine and other geopolitical tensions, Israeli tech companies continue to attract investment and grow their businesses.
In the first half of 2023, Israeli tech companies raised a record $16.4 billion in venture capital funding. This is more than double the amount raised in the same period last year. The sector is also creating jobs at a rapid pace, with tech employment growing by 15% in the past year.
Some of the world’s leading tech companies are headquartered in Israel, including Intel, Microsoft, and IBM. These companies are investing heavily in Israel, and their presence is helping to drive innovation and growth in the sector.
The Israeli hi-tech sector is also benefiting from the country’s strong academic institutions. Israel has a world-class university system that produces a steady stream of skilled tech workers. This talent pool is a key asset for the sector, and it helps to attract investment and new businesses.
The resilience of Israel’s hi-tech sector is a testament to the strength and ingenuity of the Israeli people. Despite the challenges they face, Israelis continue to innovate and build businesses that are making a global impact.
Here are some specific examples of Israeli tech companies that are thriving despite the conflict:
Check Point Software Technologies: This cybersecurity company is one of the world’s leading providers of security solutions. Check Point has seen strong demand for its products in recent months, as businesses around the world look to protect themselves from cyber threats.
Nadav Oshri: This AI company is developing innovative solutions for the healthcare sector. Nadav Oshri has raised millions of dollars in funding and is expanding its operations internationally.
Wiliot: This IoT company is developing sensors that can be embedded in everyday objects to collect data and provide insights. Wiliot has partnered with major companies like Unilever and Procter & Gamble to deploy its technology.
These are just a few examples of the many Israeli tech companies that are thriving despite the conflict. The resilience of this sector is a source of hope for the future of Israel and the global economy.