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.”
