Israel’s high-tech arena posted confident first-quarter numbers including over 30 startups raising more than $10 million each in funding rounds from January to March 2016, according to a new Ethosia Human Resources report.
Israeli high-tech market reports announced at the end of 2015 that blue-and-white startups would be exciting commodities for investors worldwide in 2016 and those forecasts seem to be on target.
According to the new report, 33 high-tech companies raised more than $10 million each – totaling $869.3 million in investments in the first-quarter. Leading the group were cyber security analytics company Skybox Security ($96 million), network security company ForeScout Technologies ($76 million), immunotherapy startup Adicet bio ($51 million), JFrog, a developer of open source software distribution tools ($50 million), Zerto disaster recovery software solution ($50 million) and business analytics software company Sisense ($50 million).
The funding list continues with invoice financing startup BlueVine ($40 million), Elastifile flash storage solution ($35 million), V-Wave Unidirectional Shunt System ($28 million) and online financing company Ezbob ($28 million).
Other companies on the over $10 million list include Insightec ($22 million), enSilo ($21 million), AppCard ($20 million), CartiHeal ($15 million) and TravelersBox ($10 million), among others.
The Ethosia report also highlighted the top five exits in the first three months of the year: Leaba ($350 million), Altair ($200 million), Replay ($170 million), TowerSec ($75 million) and Volicon (tens of millions, full details not disclosed).
The report also showed that the highest in-demand jobs in the high-tech sector are in the cyber, web, mobile and IoT arenas.