Israel is one of the key tech markets globally, consistently ranking among the top 10 countries in our semi-annual tech exits report. While the market is known for innovation in cybersecurity and business intelligence, Israeli entrepreneurs are also launching companies in other pockets of tech such as auto tech and industrial IoT.
We used CB Insights Mosaic scoring tool, which uses public data and predictive algorithms to measure the overall health and growth potential of private companies, to identify 11 early-stage companies in the seed and Series A stage with traction.
We specifically looked at business-to-business companies that have all raised funding since January 2016, but have not yet raised a Series B round.
Among the startups on our list is Indegy, a cybersecurity company that has raised roughly $18M to date, making it the most well-funded company on our list. In second place is auto tech company Oryx Vision, with $17M in funding. Following behind, two companies on this list—Otonomo, Alooma, —have raised $15M in total funding.
Cybersecurity is the most popular category, with three companies working in the field. Other categories include auto tech, ag tech, business analytics, and even one company working on restaurant tech.
Source: CB Insights