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The 25 coolest tech companies in Israel

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Israel continues to produce an impressive number of highly successful tech companies for a country with a population of just 9 million people. 

The Middle Eastern country is sometimes referred to as "Startup Nation" thanks to the sheer number of entrepreneurs building businesses there, particularly in cities like Tel Aviv. 

Multinational tech companies like Google, Apple, Facebook, and Microsoft all have research centres in Israel but some of the local companies are arguably more interesting, with many of them specialising in drones, cybersecurity, and autonomous driving technology. 

Take Mobileye, for example. The company's autonomous driving technology was so interesting that Intel paid a whopping $15.3 billion (£11.8 billion) for it in March when it acquired the company. 

The tech companies have been ranked based on interviews with multiple investors on the ground in Israel and what the firms have achieved over the last year.

25. Zebra — medical diagnostics company

Founded in 2014 and backed by the likes of Salesforce billionaire Marc Benioff with $20 million (£16 million), this Tel Aviv-based company says it has taught an algorithm to identify early signs of breast cancer with the help of thousands of previous mammograms.

That constantly improving algorithm — trained using a technique known as machine learning, which is a type of AI that equips computers with the ability to learn without being explicitly programmed — is now better than radiologists using the best computer aided detection (CAD) methods for mammography, the company claims. 

In December, the company launched a service that allows people to upload their medical imaging scans such as CTs and mammograms to Zebra's platform, and receive an automated analysis for key clinical conditions.

 



24. Mobli — social media firm

Mobli is a social media company headed by serial entrepreneur and investor Moshe Hogeg. The startup, which downsized considerably last year, sold a geofilter patent to Snap for $7.7 million (£5.9 million) in March, according to TechCrunch.

Hogeg also has a mobile phone company called Sirin, which has raised $97 million (£77 million) to build a new $16,000 smartphone called Solarin. The phone launched at a party in London last year that was attended by the likes of Leonardo DiCaprio and Tom Hardy but the company laid off a third of its staff in March, suggesting sales have been poor.

Before becoming an entrepreneur, Hogeg, was an officer and company commander in the Israeli Defense Force where he led 150 soldiers in an "elite unit."

He's also the entrepreneur behind the Yo! app. Its sole function was to send the user's friends the word "Yo" as a text and audio notification.



23. OurCrowd — crowdfunding platform

Founded by Jon Medved, OurCrowd is an equity crowdfunding platform that allows accredited investors to invest in pre-vetted startups alongside trusted venture capital investors and angel investors.

The OurCrowd community has invested over $440 million (£339 million) into a range of companies, with $80 million (£62 million) going to startups operating in the healthcare sector.

OurCrowd already has thirteen exits to date, with two IPO's and eleven acquisitions.



See the rest of the story at Business Insider

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