Israel

Tel Aviv

Attraction Phase

Tel Aviv’s startup ecosystem is one of the most highly developed in the world. Israel has more startups per capita than any other country and its startups collectively raised $6.47 billion in 2018.

Uzi Scheffer
CEO of SOSA

Sub-sector Strengths

AI, Big Data & Analytics

Tel Aviv ranks #3 globally in the number of AI startups. In March 2018, Google set up a new startup accelerator focused on artificial intelligence and machine learning, it's first outside the U.S. Later in October, Nvidia opened up a research center in the city to focus on AI. In 2018, AI chip developer Habana Labs raised $75 million in Series B funding with Intel Capital as the lead investor. Retail giant Walmart acquired Aspectiva in early 2019 for an undisclosed amount.

Cybersecurity

Israel exports $6.5 billion in cybersecurity products per year. It was the first country to offer a Cybersecurity PhD and is home to six university Cybersecurity research centers. Cybersecurity exits in Israel totalled $2.81 billion in 2018 including Sygnia, which was acquired by Temasek for $250 million. Other local startup success stories include KELA Group, an advanced cyber intelligence software startup, that announced a $50 million investment in 2018.

Why you should invest in Tel Aviv

SOFTWARE STARTUP OUTPUT
2.8 k-3.7 k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$30 bn
GLOBAL AVG.
$5 bn
#2 Global Ecosystem
Cybersecurity
#3 Global Ecosystem
Artificial Intelligence
4
Exit Growth
INDEX
9
Output Growth
INDEX
6
Funding Growth
INDEX

Reasons to move your startup to Tel Aviv

EARLY-STAGE FUNDING PER STARTUP
$538 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$1,900 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$74.3 k
GLOBAL AVG.
$58.3 k

Density of Startups and R&D Hubs

Tel Aviv has the highest number of startups per capita in the world after Silicon Valley and houses over 73 R&D centers from companies including Visa, Bosch, and Google.

National Pre-Seed Fund

The TNUFA National Pre-Seed Fund offers grants of up to 85 percent of approved expenses.

Startup Community

Startup Genome
Partners & Members

Startup Nation Central
Geektime
SOSA
Microsoft Ventures
Microsoft for Startups
Tel Aviv Global
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