Israel is among the key tech markets globally. It ranks ninth (tied with the Netherlands) among the top countries in the number of tech exits in 2015 and has sprouted dozens of prominent startups and attracted global investors
As momentum increases in the “startup nation,” we used CB Insights data to highlight 11 early-stage Israeli tech companies to keep an eye on, all of them focused on business-to-business markets. These are companies that have all raised funding in October 2015 or later, but have not yet raised a Series B round.
We used CB Insights Mosaic algorithm, which tracks the health of private companies, to identify some early-stage companies in the seed and Series A stage with traction. (Mosaic has three components, which gauge a company’s health in terms of financing, industry category, and overall momentum.)
Startups here are addressing cybersecurity, digital health, IoT, and more.
Among the startups on our list is AppDome, a cybersecurity company that has raised roughly $22.6M to date, making it the most well-funded company on our list.
Two companies on this list — Cato Networks and mPrest — have raised $20M Series A rounds. Five companies are addressing issues in cybersecurity, while MedyMatch Technology is using data analytics and artificial intelligence to predict strokes.
Check out the list below.
|Company||Total Disclosed Funding||Description||Select Investors|
|AppDome||$22.6||Cybersecurity software||Draper Nexus Ventures, Jerusalem Venture Partners, Menlo Ventures, and OurCrowd.com|
|enSilo||$21||Cybersecurity software||Carmel Ventures, Lightspeed Venture Partners and Rembrandt Venture Partners|
|Cato Networks||$20||Cybersecurity software||Aspect Ventures and US Venture Partners|
|mPrest||$20||IoT software||OurCrowd and GE Ventures|
|Alooma||$15||Data Analytics||Lightspeed Venture Partners and Sequoia Capital Israel|
|Cymmetria||$11||Cybersecurity software||Sherpa Capital, Felicis Ventures, Seedcamp, and Y Combinator|
|Logz.io||$9||Log analytics||83North and Giza Venture Capital|
|Seebo||$9||IoT platform||Carmel Ventures and TPY Capital|
|Morphisec||$7||Cybersecurity software||Deutsche Telekom Capital Partners, GE Ventures, Jerusalem Venture Partners, OurCrowd.com, and Portage Advisors|
|Civalue||$2||Cusomer analytics and personalization||Deutsche Telekom, Mac Fund, and Nielsen Innovate|
|MedyMatch Technology||$2||Digital health||Exigent Alternative Capital and Genesis Capital Advisors|
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This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity