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Israel churns out tech unicorns

Another 16 Israeli companies passed the billion-dollar valuation target in 2020.

It’s said that times of crisis are also opportunities for those who know how to find them. If we judge by the number of Israeli start-up companies that became unicorns during the pandemic — companies worth more than $1 billion — Israeli high tech has found plenty. 

No fewer than 16 Israeli companies became unicorns in 2020, about 10% of new entries globally, and in the first quarter of this year another seven companies joined them.

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