Tel Aviv is host to the most startup companies, per capita, in the entire world according to the 2018 Global Startup Ecosystem. The city boasts over 6,000 startups with 18 of them considered "unicorns".
The city’s tech cluster, dubbed Silicon Wadi, is home to more than 100 venture capital funds, plus hundreds of accelerators and co-working places.
“Tel Aviv is transitioning from startup nation to scale-up nation,” says Eyal Gura, Co-Founder of Zebra Medical Vision. Amit Gilon, an investor at Kaedan Capital VC fund, agrees – adding that Israel is not just about successful B2B companies anymore, such as Checkpoint, Nice and Amdocs, but also about “big B2C success stories like Playtika, Wix, Fiverr and others”.
Founded in 2015, Arbe has built a 4D ultra-high-resolution imaging radar for cars. It “can actually separate a child from a car, ‘see’ a bicycle near a track, and a motorcycle merging into the vehicle’s lane”, says CEO Kobi Marenko. Arbe has started shipping beta products to customers, and expects to be delivering to car companies by the end of 2019. Co-founders Marenko, Noam Arkind and Oz Fixman originally focused on developing radar sensors for the robotics and drone industries, but pivoted to automotive and autonomous driving. “This is where we have the biggest impact on society, as over 90 per cent of car accidents are caused by the human driver,” says Marenko. Arberobotics.com
Founded in 2017, Upstream Security promises to protect both current and future vehicles such as autonomous cars. The startup sends alerts if something seems wrong, such as a potential cyberattack.
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