Israel high-tech sector thrives amid war and political instability

View profile for Prof. Gil Avnimelech, Ph.D.

Co-head of the specialization of Strategy, Innovation and Entrepreneurship at the MBA program at Ono Academic College

It's truly remarkable how resilient and robust the Israeli high-tech sector has proven to be. Despite enduring nine months of war and political instability, it continues to thrive. According to the IVC report, by the end of Q2/2024, the sector has adjusted to extreme conditions and shown significant growth.

View organization page for IVC Data and Insights

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By the end of Q2/2024, Israeli high-tech seemed to have adjusted to the extreme conditions and grew. Q2/2024 was the first quarter since the beginning of 2022, in which there was no decrease compared to the corresponding quarter of the previous year. While IVC Data and Insights and LeumiTech are preparing the Israeli Tech Review Q2/2024, we’re excited to share key findings: •       Israeli tech companies raised $1.94, a 19% increase compared to the previous quarter (excluding Wiz’s $965m round). •       The number of first-timers and new foreign investors in Israeli tech increased in the second quarter. •       Six large deals (over 100 million dollars each) captured 62% of Q2/2024 total. Most mega deals were in cyber companies (Wiz, Semperis, Island and Cyera). •       The number of deals in Q2/2024 was similar to the first quarter of 2024. IVC and Lumitech Israeli Tech Review Q2/2024 is due to be published by mid-July. IVC Data and Insights, LeumiTech #israelitechecosystem #techinvestments #Israelistartups

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