Israel churns out tech unicorns
Another 16 Israeli companies passed the billion-dollar valuation target in 2020.
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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.