Report: Israel tech sector still among world’s strongest
Judicial fallout and layoffs have not hurt the industry's world standing, according to a report from Dealroom.co and Tel Aviv Tech.
Israel’s tech sector continues to grow, despite significant layoffs in the past year and amid the judicial reform controversy in the country, according to a report released this week.
The Amsterdam-based Dealroom.co data firm and Tel Aviv Tech, an initiative from the Tel Aviv mayor’s office, released a report on Tuesday about the tech ecosystem in Tel Aviv and the surrounding areas. According to the report, Tel Aviv ranked third in the Europe-Middle East-Africa (EMEA) region for venture capital investment in 2022 with $6.9 billion. This was behind London with $20.5 billion and Paris with $11.1 billion. Dubai came in ninth with $1.9 billion.
