June 25, 2020

Over the past year, four private Israeli-founded companies based in New York surpassed the billion-dollar valuation milestone, bringing the state’s total number of Israeli unicorns to nine, according to the New York – Israel Business Alliance (NYIBA).

Riskified, Sisense, VAST Data and Via joined Compass, Lemonade, Payoneer, Taboola and The We Company in the prestigious club of privately held Israeli companies valued at $1 billion or more.

“It’s remarkable that the number of Israeli-founded unicorns based in New York has nearly doubled over the past year,” NYIBA president Aaron Kaplowitz said. “As Israel transforms from the Start-Up Nation to the Scale-Up Nation, New York is becoming more and more indispensable to Israel’s innovation ecosystem.”

In November, Riskified, a provider of ecommerce fraud prevention headquartered in Tel Aviv and Manhattan, raised $165 million at a $1 billion valuation. In January, Sisense, a business analytics company, announced a $100 million round that pushed its valuation over $1 billion.

In March, ride-sharing service Via secured a $200 million investment that catapulted its valuation to $2.25 billion. And in April, data storage company VAST Data closed a $100 million round based on a $1.2 billion valuation.

Online freelancer platform Fiverr attained unicorn status in 2019 before going public last June. In October, Outbrain — already approaching the billion-dollar threshold — merged with fellow Israeli company Taboola, unifying the digital ad companies’ place in the group.

An NYIBA report released in 2019 identified 506 Israeli-founded companies across New York State that cumulatively generated $33.8 billion in total revenue, representing 2.02% of the state’s gross domestic product in 2018.

“As we contend with a global pandemic, I expect to see more collaborations in life sciences, bolstered by the three medical partnerships Gov. Cuomo announced in Jerusalem last year,” Kaplowitz said. “Still, I think the areas even more ripe for bilateral growth are AI and drones, sectors that offer audacious long-term solutions to challenges created by the coronavirus.”

Fighting for Israel's truth

We cover what makes life in Israel so special — it's people. A non-profit organization, ISRAEL21c's team of journalists are committed to telling stories that humanize Israelis and show their positive impact on our world. You can bring these stories to life by making a donation of $6/month. 

Jason Harris

Jason Harris

Executive Director

More on Fiverr