Top Startups / May 19, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Israeli Startups To Watch in 2022

Israel is commonly seen as the blueprint for a world-leading startup ecosystem, with numerous top startups emerging each year. Currently, it is estimated that there are more than 6,000 startups in the country. This makes Israel the world-leader in startups per capita. Founders based in Israel have access to an incredibly skilled and technically gifted network of mentors that can pass down critical knowledge and advice to help Israeli founders in the early stages.

Figures for venture capital funding in Israel once again exploded in 2021 with high-tech startups in the country raising a total figure of $26.6 Billion, which far eclipses the figure of $9.5 Billion that was raised by these companies in 2020. The number of unicorns (companies worth more than $1 Billion) in Israel is also exponentially increasing, reaching even bigger heights with 48 new unicorns coming into existence in 2021.


1. BeeWise

Year Founded: 2018

HQ: Bet Haemek, Israel

Size: 101-250

Founders: Boaz Petersil, Eliyah Radzyner, Hallel Schreier, Saar Safra, Yossi Sorin

Beewise is an Israeli startup founded in 2018 and based in Bet Haemek, Israel. The company is on a mission to help with one of the biggest problems facing the planet, the decline in the bee population. The startup uses AI precision robotics to minimize human intervention. This helps to increase the yields produced by bees and limits colony loss by allowing bees to live with minimal stresses.

Since being founded, the company has gone through seven rounds of startup funding, with the most recent taking place in March 2022. These funding rounds have been supported by 14 investors, with 5 lead investors. These investors believe in the mission and the total raise of $118.7 Million reflects this.


2. NeuraLight

Year Founded: 2021

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Edmund Ben Ami, Micha Y. Breakstone

NeuraLight is an Israeli VC-backed startup on a mission to transform the lives of billions of people impacted by neurological disorders by digitizing neurological evaluation and care. Our AI-driven platform integrates multiple digital markers to accelerate and improve drug development, monitoring, and precision care for patients with neurological disorders. The technology driving the platform includes proprietary Deep Learning algorithms which automatically extract a host of digital oculometric markers from facial videos captured with a standard smartphone or webcam.

NeuraLight's founders are repeat entrepreneurs and industry veterans (including both the co-founder of Chorus.ai and the founding CTO of Flatiron health) leading a 25-strong team, supported by renowned neurologists and 2 Nobel laureates as well as a stellar Scientific Advisory Board, and have raised $30M to date.


3. Firebolt

Year Founded: 2019

HQ: Tel Aviv, Israel

Size: 101-250

Founders: Ariel Yaroshevich, Eldad Farkash, Saar Bitner

Firebolt is an Israeli startup that was founded in 2019 and is currently based in the startup-loving city of Tel Aviv. The company provides a platform for cloud data warehousing, which allows for the rapid recall and analysis of data to provide targeted insights to its customers, which allows engineers and developers to create data-based applications that are beneficial to their customers.

Since being founded, the company has gone through four rounds of startup funding, with the most recent funding round taking place in January 2022. These funding rounds have led to the company impressing nine investors enough for them to part with their money, leading to a large total raise of $264 Million for Firebolt.


4. ARMO

Year Founded: 2018

HQ: Jerusalem, Israel

Size: 11-50

Founders: Benyamin Hirschberg, Leonid Sandler, Shauli Rozen

ARMO was founded in 2018 and is currently headquartered in the holy city of Jerusalem. The company operates in the cybersecurity sector and focuses specifically on providing cybersecurity in the context of cloud solutions. Their offering helps developers to deploy secure workloads, helping them to create better product and service offerings.

Since being founded, the company has gone through three rounds of startup funding, with rounds taking place in 2018, 2021, and 2022. These funding rounds have been supported by four investors and these investors have significantly driven the business financially, providing funding worth $34.5 Million.


5. Renovai

Year Founded: 2019

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Alon Chelben, Alon Gilady, Avner Priel

Renovai is an Israeli startup that currently operates out of Tel Aviv and was founded in 2019. The company has developed various AI-based solutions that enables real -time product visualization in context. Their unique technology, Correlated Deep Tagging, hyper-personalizes the shopping experience -- making products more discoverable and improving the tagging accuracy with computer vision AI.

renovai has gone through two rounds of startup funding since it was founded, with the company going through those rounds in 2019 and 2021 respectively. These funding rounds have been supported by a group of six investors and the funding gained from these investors has brought Renovai's total raise to a figure of $3.8 Million.


6. Exberry

Year Founded: 2018

HQ: Herzliya, Israel

Size: 11-50

Founders: Dudi Krisher, Guy Melamed, Ronen Nachmias, Uzi Gabsi

Exberry is a startup in Israel that was initially founded in 2018 and is currently headquartered in Herzliya, Israel. Exberry operates at the heart of the market – helping exchange and marketplace pioneers launch, pivot, break ground and scale their own white-label exchanges. The cloud-native SaaS solution enables unrivaled matching and price discovery capabilities, reshaping what’s possible for marketplaces and exchanges.

Exberry is backed by OM2 Ventures, a Fintech focused Venture Studio. The benefits of the company's offering to the financial sector will likely see Exberry generate a large amount of funding, should the management team decide this is the right step for the company.


7. Joonko

Year Founded: 2016

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Elad Shmilovich, Guy Grinwald, Ilit Raz

Joonko is an Israeli startup that was founded in 2016 and currently has its headquarters in Tel Aviv. The company has created the next generation of recruiting software by allowing businesses to easily get applications passively from a large pool of potential candidates that have been pre-vetted by others companies. This helps them to gain access to talent that may otherwise have been invisible to them.

Since being founded, Joonko has gone through a total of six rounds of startup funding, with the most recent round taking place in August 2021. These funding rounds have convinced a total of seven investors to put their money behind the business. The total raise from these funding rounds have reached a total of $13.5 Million.


8. Bookaway

Year Founded: 2017

HQ: Tel Aviv, Israel

Size: 101-250

Founders: David Yitzhaki, Jonathan Bensaid, Noam Toister, Omer Chehmer

Bookaway is an Israeli startup that was founded in 2017 and is currently based in the city of Tel Aviv. The company aims to make it easier for people to travel across land, with a travel booking platform specifically designed for busses, ferries, and trains. This is achieved by feeding data from offline suppliers and giving them an opportunity to reach their customers digitally.

Bookaway has gone through four rounds of startup funding, with the last funding round taking place in July 2021. These funding rounds have seen the company receive investment from a total of five investors. From these investors, the business has managed to raise a figure of $81 Million to date, with the most recent funding round closing at $35 Million.


9. Sayollo

Year Founded: 2018

HQ: Rehovot, Israel

Size: 51-100

Founders: Eitan Norel, Jonathan Attias

sayollo israeli startup

Sayollo is an Israeli startup that was founded in 2018 and is currently based in Rehovot, Israel. The company's gComm solution is the first-ever purchasing platform of real-life products sold directly inside mobile games. Sayollo’s vision is to merge the virtual metaverse of gaming and the tangible reality of physical products, with gComm facilitating a seamless transition for both. This places brands directly in front of 3.2 billion Gen-Z mobile gamers worldwide, and allows game developers to monetize their content in new ways beyond those of ads and game economy.


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10. Guardio

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Amos Peled, Daniel Sirota, Michael Vainshtein

Guardio was founded in 2018 and is currently based in Tel Aviv, Israel. The company operates in the cybersecurity sector and has developed a browser extension that can easily be used to browse rapidly and with minimal threats by cleaning up your browser and utilizing technology to help with protecting your personal data, which can be stolen from your browser.

The business has gone through a single round of funding since being founded, with this round taking place in December 2022. This funding round has seen the company agree to investment deals with a total of six investors. These investors have allowed the business to raise a figure of $47 Million to prompt further growth and development.


11. Securithings

Year Founded: 2016

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Raanan Lidji, Roy Dagan

Securithings was founded in 2016 and currently maintains a headquarters in the city of Tel Aviv. The company offers solutions that increase cybersecurity for organizations using IoT devices and also increase the operational efficiency of these devices, which helps them to drive down costs for their customers. There are multiple benefits to using Securithings for its customers.

Since being founded, the company has gone through five rounds of startup funding. These funding rounds have seen the company agree to deals for investment with a total of four investors and the funding generated from these investors has reached $18 Million at the time of writing.


12. Staircase

Year Founded: 2021

HQ: Tel Aviv, Israel

Size: 1-10

Founders: Lior Harel, Ori Entis

Staircase is an Israeli startup that was founded in 2021 and currently maintains its headquarters in LA, California. The company has created an AI-based platform that collects data from thousands of interactions that customers have with a brand and provide actionable insights to help these businesses to improve their relationships with their customers in a targeted and organic way.

The business has gone through a single round of startup funding since being founded, with this funding round taking place in October 2021. This funding round has seen the company receive support from a pair of investors. The total funding achieved from these investments has reached a figure of $4 Million.


13. Mesh Payments

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 51-100

Founders: Eran Katoni, Oded Zehavi

Mesh Payments was set up in 2018 and is currently based in the city of New York, USA. The company helps finance professionals within companies to bring better efficiency to their payments by introducing cardless payments made possible through SaaS. This allows for analysis of spending and helps to reduce unneeded costs and increase the speed of operations.

Since being founded, this company has gone through two rounds of funding, with both of these rounds taking place in 2021. The company's funding rounds have been supported by a group of nine investors. These investors have collectively invested a total of $63 Million into the startup.


14. Port

Year Founded: 2022

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Zohar Einy, Yonatan Boguslavski

Port is an Israeli startup that was founded in 2022 and is currently based in Tel Aviv, Israel. The company aims to help developers across the world through the creation and design of a developer portal that brings everything together and allows for assets to be worked on and cataloged in an efficient manner. Some of these assets include cloud resources, developer tools, configurations, SaaS, and more.


15. Immunai

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 101-250

Founders: Ansuman Satpathy, Dan Littman, Danny Wells, Luis F Voloch, Noam Solomon

Immunai is an Israeli biotechnology startup that was founded in 2018 and currently has a headquarters in Tel Aviv. The company has developed a method to blend machine learning algorithms with practices of single-cell genomics, which helps researchers to create a highly detailed profile of the immune systems in individuals that they study and they can see how cells respond to changing environments.

Since being founded, the company has gone through three rounds of startup funding, with the most recent funding round taking place in October 2021. These funding rounds have been fiscally sponsored by a group of eleven inventors and the efforts of these investors have allowed the company to raise a figure of $295 Million.


16. Run:AI

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Omri Geller, Ronen Dar

Run:AI was founded in 2018 and is currently headquartered in Tel Aviv, Israel. The business has created a computer management solution specifically for AI. This provides data scientists with the opportunity to get visibility and control over AI resource prioritization and simplify workflows whilst minimizing the hassle involved in the infrastructure itself.

Since being founded, the company has gone through four rounds of startup funding, with the most recent taking place in March 2022. From these funding rounds, the startup has managed to secure deals with four investors. The total raise from these deals has reached a figure of $118 Million.


17. Talon Cyber Security

Year Founded: 2021

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Ofer Ben Noon, Ohad Bobrov

Talon Cyber Security was founded in 2021 and is currently based in the startup hub of Tel Aviv in the country. The company has identified potential cybersecurity risks coming as a result of the increase in the distributed workforce, away from offices and provides solutions for businesses to combat these risks and maintain their security with a distributed workforce.

Since being founded, the company has gone through two rounds of startup funding, with the rounds taking place in 2021 and 2022 respectively. These funding rounds have led to deals with a group of eleven investors that have contributed variously to the startup's funding efforts. From these investments, the company has raised a figure of $43 Million.


18. Cyberpion

Year Founded: 2016

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Nethanel Gelernter, Ori Engelberg, Ran Nahmias

CyberPion was founded in 2016 and is based in the world-renowned ecosystem in Tel Aviv. The company helps businesses to understand how their connected online assets can present cybersecurity risks and how critical these potential attacks can be to the company's internal infrastructure. Consistent monitoring and assessment of threats and risks help businesses to stop the problem before it emerges from outside the traditional security perimeter.

Since being founded, Cyberpion has gone through two rounds of startup funding, with one in 2020 and another in 2022. These funding rounds have seen the company receive support from three investors. The efforts of these three investors have allowed the company to raise a figure of $35.3 Million.


19. Akeyless

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 51-100

Founders: Oded Hareven, Refael Angel, Shai Onn

Akeyless was founded in 2018 and is currently based in Tel Aviv. The company provides a SaaS security solution for businesses that blends multiple important use cases, such as secret management, access through zero trust protocols, encryption, and KMS. This creates an effective security solution that can be used for most of a business's security needs.

Since the company was founded, it has gone through two rounds of startup funding, with the most recent round being completed in April 2021. These funding rounds have seen the company sign agreements with two investors, bringing the total raised to a figure of $14 Million.


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20. Eleos Health

Year Founded: 2019

HQ: Cambridge, Massachusetts, USA

Size: 11-50

Founders: Alon Joffe, Alon Rabinovich, Dror Zaide, Shiri Sharvit

Eleos Health was founded in 2019 and currently has its headquarters in Cambridge, Massachusetts. The company helps mental health patients to get access to faster and better care by enabling doctors to make faster decisions, through a speech-to-insight platform that reduces operational time-wasting, and that time can then be dedicated to patients.

Since being founded, the company has gone through four rounds of startup funding. These funding rounds have seen the startup agree to deals with 11 investors for funding. The total raised from these investments reached $28 Million at the time of writing.


21. Navina

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Ronen Lavi, Shay Perera

Navina is an Israeli startup that was founded in 2018 and is currently based in Tel Aviv, Israel. The company has developed an AI-based healthcare solution that aggregates and restructures the data of patients to make it easier for medical professionals to make quick diagnoses, which allows them to get patients the care they need, as soon as they need it, improving overall patient outcomes.

Since being founded, the company has gone through two rounds of startup funding, with one in 2020 and another in 2021 respectively. These funding rounds have seen Navina receive funding from a group of three investors. The total money raised from these investors has reached a figure of $22 Million.


22. Nym

Year Founded: 2018

HQ: Tel Aviv, Israel

Size: 51-100

Founders: Adam Rimon, Amihai Neiderman

Nym is another Israeli startup that was founded in 2018 and is also currently headquartered in Tel Aviv. The company helps healthcare providers with a fintech solution that manages the revenue cycle and helps to reduce costs and increase the overall efficiency of the involved processes. Medical coding of clinical charts is processed automatically and any charts that can't be processed are automatically sent back for human coding, providing an auditing trail on why certain costs have been applied.

Since being founded, the company has gone through four rounds of startup funding, with the most recent round taking place in July 2021. The company has agreed to deals with 11 investors, some with incredibly high profiles during these rounds. The total funding raised from the four rounds reached a figure of $47.5 Million.

Since being founded, the startup has gone through a pair of startup funding rounds, with the most recent round taking place in February 2021. The total raised from these funding rounds has reached $7.5 Million so far.


23. Zesty

Year Founded: 2019

HQ: Tel Aviv, Israel

Size: 51-100

Founders: Alexey Baikov, Maxim Melamedov

Zesty was founded in 2019 and is currently based in the Tel Aviv area. The company has developed a real-time cloud management solution that adjusts cloud infrastructure on the fly, based on the requirements of the user. This is managed seamlessly and with minimal operational impacts.

Since being founded, the company has gone through three rounds of startup funding, with the most recent round taking place in November 2021. These funding rounds have seen the company agree to deals with five investors. The support of these investors has allowed the company to raise a figure of $42.2 Million.


FAQs

What Is The Average Investment In Israel?

Israel has one of the strongest global startup ecosystems, with the average Seed Round in Tel Aviv being worth $1.5 Million and the average Series A is worth $5.8 Million, both far above the global averages.

What Are The Strongest Sectors in Israel?

All startup-heavy sectors in Israel are incredibly strong, but the country has a particular affinity for creating strong and innovative AI and cybersecurity startups.

How Many Startups Are There in Israel?

Current statistics show that there are more than 6000 startups currently operating in Israel, with a total population of just over nine million people.

Top Israeli Startups To Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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