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Israel churns out tech unicorns Another 16 Israeli companies passed the billion-dollar valuation target in 2020. Israeli startup StoreDot founder Doron Myersdorf poses for a photo at his company headquarters in the Israeli coastal city of Herziliya on Feb. 16, 2021. - EMMANUEL DUNAND/AFP via Getty Images
April 22, 2021
It’s said that times of crisis are also opportunities for those who know how to find them. If we judge by the number of Israeli start-up companies that became unicorns during the pandemic companies worth more than $1 billion Israeli high tech has found plenty.
No fewer than 16 Israeli companies became unicorns in 2020, about 10% of new entries globally, and in the first quarter of this year another seven companies joined them.