Israel Active

The Israeli Business to Developer (B2D) sector is growing as companies develop products that automate and simplify the jobs of highly sought-after hi-tech developers. Examples include Lumigo, Orca Security, OwnBackup, Redis, Snyk and JFrog. (All but Lumigo featured here previously).

There are now 85 Israeli companies traded on the Nasdaq and NY Stock Exchange. Their combined worth is over $300 billion – up 50% since Jan 2021.

The latest World Economic Forum list of 100 Technology Pioneers includes five Israeli companies. They are CropX, MDClone, Cheq, MyndYou, and Phinergy. The WEF predicts they are “poised to have a significant impact on business and society.” All have been featured in this newsletter.

Israel’s SupPlant (see previously) grew its smart irrigation business by 1,200% in 2020. Already widely used in Mexico, South Africa, Argentina, Australia and Kenya, SupPlant aims for over 2 million smallholders in Africa and India to be utilizing its technology in 2022.

Israeli cybersecurity company Claroty (see previously) has just raised $140 million to make it Israel’s third Unicorn (billion-dollar company) in one week.

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Israel’s AppsFlyer (see previously) is recruiting 300 new employees in Israel by the end of 2021, taking its local workforce to around 1,000 people and 1,400 across the world. AppsFlyer is mainly expanding its R&D departments, developing marketing measurement software for its clients.

Israel’s NextSilicon has developed innovative technology which uses software algorithms to speed up silicon-based computing platforms. It could lead to breakthroughs in supercomputer applications. NextSilicon recently raised $120 million to value the company at $1.5 billion (Unicorn status).

Israel’s Bringg (see previously), which offers a delivery logistics platform for the enterprise market, has just raised $100 million of funding. The investment values the company at $1 billion, the financial status of a Unicorn.

Israel’s Pixellot (see previously) has signed an agreement with pay-TV sports provider Supersport to establish a high-school sports network to serve athletes, coaches, and scouts across Africa. Pixellot automatically streams games and their highlights to any device, live or on-demand.