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According to Israel-based investment firm Greenfield Partners, which published a review of Israeli Tech Ecosystem, during the first quarter of 2022 Israeli start-ups raised $5.95 billion in funding.
A total of 10 companies joined the ranks of Israeli unicorns with AI leader BigPanda, fintech company Capitolis, data warehouse Firebolt, cybersecurity company Island, cybersecurity companies Pentera, Placer.ai, RapidAPI, battery technology startup StoreDot, gaming startup Tripledot Studios and building tech firm Veev securing more than $100 million each.
Israel together with the UAE is considered a Middle start-up haven driving the IT, fintech and cybersecurity industries in the region. In 2021 Israeli tech companies raised astonishing $25,4 billion proving its national slogan of “the start-up nation”.
A total of 132 firms secured funding during the first quarter of 2022 that marks a slight increase compared to the corresponding period in 2021 ($5.90 billion). Cybersecurity companies got 29% of all the investment followed by Data/AI/ML firms that got almost 16%. Next come Fintech/Insurtech startups that secured 12,7 of $5,95 billion raised.
The Israeli tech scene is now rivaled by quickly growing Emirati, Saudi and Egyptian start-up ecosystems.
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