Israel is one of the key tech markets globally, consistently ranking among the top 10 countries in our semi-annual tech exits report. While the market is known for innovation in cybersecurity and business intelligence, Israeli entrepreneurs are also launching companies in other pockets of tech such as auto tech and industrial IoT.
We used CB Insights Mosaic scoring tool, which uses public data and predictive algorithms to measure the overall health and growth potential of private companies, to identify 11 early-stage companies in the seed and Series A stage with traction.
We specifically looked at business-to-business companies that have all raised funding since January 2016, but have not yet raised a Series B round.
Among the startups on our list is Indegy, a cybersecurity company that has raised roughly $18M to date, making it the most well-funded company on our list. In second place is auto tech company Oryx Vision, with $17M in funding. Following behind, two companies on this list—Otonomo, Alooma, —have raised $15M in total funding.
Cybersecurity is the most popular category, with three companies working in the field. Other categories include auto tech, ag tech, business analytics, and even one company working on restaurant tech.
Check out the list below.
|Company||Total Disclosed Funding ($M)||Description||Select Investors|
|Indegy||$18||IoT cybersecurity||The Nielsen Company, The NPD Group, and TIC Group|
|Oryx Vision||$17||Auto-tech||Bessemer Venture Partners, Maniv Mobility, and Trucks VC|
|Otonomo||$15||Auto-tech||Bessemer Venture Partners and StageOne Ventures|
|Alooma||$15||Big Data||Lightspeed Venture Partners and Sequoia Capital Israel|
|Aqua Security||$13||Cybersecurity||Microsoft Ventures and TLV Partners|
|IntSights||$9||Cybersecurity||Blackstone Group, Blumberg Capital, Glilot Capital Partners, and Wipro Ventures|
|Prospera||$7||Agriculture technology||Bessemer Venture Partners and Hishtil|
|Oribi||$5||Business intelligence and analytics||Sequoia Capital Israel and TLV Partners|
|Revuze||$4||Artificial Intelligence||Nielsen Innovate, The NPD Group, and TIC Group|
|SimpleOrder||$4||Restaurant technology||Lazarus Israel Opportunities Fund, Cyrus Angel Fund, and Foodlab Capital|
|Kwik||$3||Industrial IoT Software||Norwest Ventures Partners, iAngels, NFX Guild, and Plug and Play Accelerator|
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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