Thursday , May 19 2022

Alun Al Israel reaches more than 1,100 companies



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The early years of Israel's artificial information technology in Israel enjoyed "year out" in 2018, according to a report published on Monday by Start-Up Nation Central, Tund reports referring to The Times of Israel.

From 2014 to 2018, Israeli AI has grown from 512 companies to 1,150, according to the "State of the Israeli Ecosystem" report of the not-for-profit organization. These include businesses that develop core technologies and those using AI in developing products and services in areas such as healthcare, cyber-induction and autonomous driving.

Last year, AI-related companies formed 16% of all active Israeli technical companies, and benefited from 32% of all funding rounds and 37% of all capital raised. It raised a total of around $ 2.25 billion companies, a recording year and almost $ 1b. more than the total capital raised in 2017.

Salesforce became the most expensive AI acquisition in 2018, when Tel Aviv's marketing information seller was acquired by Salesforce in California for $ 850m.

Nutrition, obtained for an estimated $ 100m. by Medtronic, and BriefCam, bought for $ 90m. by Canon, among other significant acquisitions a year.

"The Israeli innovation ecosystem is in the middle of a strong period of growth," said Professor Eugene Kandel's Central Nation's Chief Executive.

"2018 was another year where we saw that this ecosystem produces great companies and innovative technologies," said Kandel. "Another notification of this is the growing presence of leading and world-leading companies in Israel. In each year over the last decade, over 20 new research and development centers opened up of international stores in Israel, many of them through acquisitions."

It was also a strong AI year for international in Israel, which was underlined by Intel's proposed $ 11b. invest in a new chip factory in Kiryat Gat, and establish a center for artificial intelligence in partnership with Haifa Technion-Israel Technology Institute.

Global technology gears of Google, IBM and Microsoft relied on their Israeli research and development centers to produce new uninhabited AI products last year.

"Many MNCs change how they work with innovation in Israel and increasingly engage in open innovation with the whole ecosystem, as well as, or rather, earn Israel's acquisitions," said Kandel.

"This is a very positive trend, as the ecosystem must have a balance between the two MNC companies and local companies."

Around 645 people who started in Israel rose around the $ 6b high tech sector. across 681 funding rings last year, breaking the $ 5.2b record. which was set only one year earlier.

It invested almost 1,500 investors from over 30 countries in Israeli companies, with most investors in Israel and America taking part in most marks. The United Kingdom, Germany, China and Japan held their rate of indecent contribution.

Although the total number of hi-tech companies continues to grow steadily every year – now more than 6,600 – an increasing layer of mature companies has formed, reflecting global trends. The median size of Series B's investment circles has increased by 75% since 2014 of $ 10m. i $ 17.5m.

The support system that underwent much of the success of the high-tech sector to grow in 2018, with 22 new centers opened during the year. Today, there are more than 220 active incubators, accelerators and co-operatives throughout the country.

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