Israel continues to produce an impressive number of highly successful tech companies for a country with a population of just 9 million people.
The Middle Eastern country is sometimes referred to as “Startup Nation” thanks to the sheer number of entrepreneurs building businesses there, particularly in cities like Tel Aviv.
Multinational tech companies like Google, Apple, Facebook, and Microsoft all have research centres in Israel but some of the local companies are arguably more interesting, with many of them specialising in drones, cybersecurity, and autonomous driving technology.
Take Mobileye, for example. The company’s autonomous driving technology was so interesting that Intel paid a whopping $15.3 billion (£11.8 billion) for it in March when it acquired the company.
The tech companies have been ranked based on interviews with multiple investors on the ground in Israel and what the firms have achieved over the last year.
Founded in 2014 and backed by the likes of Salesforce billionaire Marc Benioff with $20 million (£16 million), this Tel Aviv-based company says it has taught an algorithm to identify early signs of breast cancer with the help of thousands of previous mammograms.
That constantly improving algorithm — trained using a technique known as machine learning, which is a type of AI that equips computers with the ability to learn without being explicitly programmed — is now better than radiologists using the best computer aided detection (CAD) methods for mammography, the company claims.
In December, the company launched a service that allows people to upload their medical imaging scans such as CTs and mammograms to Zebra’s platform, and receive an automated analysis for key clinical conditions.
Founded by Jon Medved, OurCrowd is an equity crowdfunding platform that allows normal people to invest in pre-vetted startups alongside trusted venture capital investors and angel investors.
The OurCrowd community has invested over $440 million (£339 million) into a range of companies, with $80 million (£62 million) going to startups operating in the healthcare sector.
OurCrowd already has thirteen exits to date, with two IPO’s and eleven acquisitions.
MyHeritage is a platform for discovering, preserving and sharing family history. The company gives its community access to search and matching technologies, a library of historical records, and a wide collection of family trees.
With over 85 million users, MyHeritage is one of the largest sites in the social networking and genealogy field.
“We believe we have a responsibility, a mission, to enable every single human being to be able to document his or her life story and safeguard it for generations to come,” Golan Levi, a user experience expert at MyHeritage, told news site Israeli21C in January.
Last year, MyHeritage launched MyHeritage DNA, which offers cheap DNA tests that reveal users’ ethnic origins and previously unknown relatives.