Israeli high-tech companies have been increasingly successful despite the ongoing coronavirus pandemic, setting records for investment for the second year in a row.

According to a survey released by NGO Start-Up Nation Central on Monday, Israeli technology companies raised $25.4 billion in 2021—a 136 percent jump from 2020.

The three largest sectors that received funding included FinTech, enterprise IT and data infrastructure, and security.

According to the survey, 33 high-tech companies joined the billion-dollar club in 2021, making it a total of 54.

“Two years into the COVID-19 pandemic, the Israeli tech ecosystem is stronger than ever. In a world in which digital has become the default, the Israeli tech ecosystem is a world-class source of solutions to global challenges,” said Start-Up Nation Central CEO Avi Hasson.

However, he added that “some of the challenges are reaching critical levels. Companies are struggling to find sufficient employees, with the Israeli tech sector suffering a chronic shortage of tens of thousands of skilled employees.”


Jewish News Syndicate

With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.

Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.

If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.

We appreciate your support.