5 Promising Israeli Startups

5 Promising Israeli Startups

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The israeli ecosystem is flourishing; there are more than 6000 startups in this innovative country and choosing five remarkable ones is the equivalent of choosing five individual grains of sand on a Hawaiian beach, and yet, here we are

By Hillel Fuld

In the last decade, Israel is also known as a “Startup Nation”. A microscopic dot on the map, thousands of ventures, and a region with generations of turmoil in its history, many business leaders have and will continue to analyze the enigma called “Israeli innovation”.

Choosing five remarkable startups from the flourishing Israeli ecosystem is the equivalent of choosing five individual grains of sand on a Hawaiian beach, and yet, here we are.

High Tech in Israel

The High Tech Park in Yokneam, North of Israel

These 5 startups are not necessarily the ones making the most money, nor are they the ones with the flashiest technology, but are deeply impactful and disruptive companies, and the founders are all visionaries and pioneers:

1. Lemonade

Founded by serial entrepreneurs Daniel Schreiber and Shai Wininger, Lemonade is taking on the biggest challenge you can imagine – they are setting out to make the world of Insurance fun, engaging, and – sit down for this – sexy.

Lemonade uses cutting edge technologies and truly world class execution to offer its customers the ability to use a beautifully designed app and claim their insurance money in literally a matter of seconds.

Lemonade company has raised capital from the world’s top investors and is scaling extremely fast. It is launching in new cities every week as it takes on the world’s largest insurance companies who are quickly being left behind.

The Israeli Ecosystem is flourishing

Digital world, Innovative country

2. Epistema

This company, which I can pretty much guarantee you have never heard of, raised their initial capital from one of the world’s fastest growing companies, Slack along with one of the world’s top investors, Peter Thiel.

Epistema took one look at how decisions are made in the workplace and set out to change it. An ambitious mission, the team is using AI to analyze decision making processes in the organization and streamlining it so it is fully data driven and enables teams to reach more informed decisions faster.

startups in israel

Innovation is everywhere

3. Hibob

Another company focused on growth and less on noise – Hibob, which raised money from the likes of Bessemer and Batter Ventures to fundamentally disrupt the HR space, and more specifically the internal processes companies face with their employees and work force. The goal? Increase employee satisfaction, retention, and ultimately, performance. Companies who use Hibob see pretty much instant results and from what I have seen, it is partnering with some of the leading companies in the business sector worldwide.

4. Phantom Auto

By now, we all know that our future automobiles won’t require steering wheels because autonomous cars are around the corner. There is only one problem – when our cars are full blown computers that drive themselves, what does that mean about cyber security, hacking, and just general safety on the roads? I’m sure you don’t even want to think about the dangers.

Enter Phantom Auto, a company that developed cutting edge technology that can remotely take over for an autonomous car when the need arises.

High Tech in Israel

Israel as a Startup Nation

5. GivingWay

This company, founded by Gigi Levy Weiss, one of the world’s top investors and experts on building and scaling companies, along with his visionary co-founder, Orit Strauss Raz, essentially scales the world of volunteering.

What that means, simply put is that Gigi and Orit took a look at the process of volunteering and realized it is fundamentally broken. Agents, unnecessary fees, lack of transparency, and zero global access are just some of the issues with the way people volunteer today.

GivingWay built a marketplace in which it connects volunteers on the one hand, and organizations, often in the developing world, who are in need of those volunteers. A simple win win situation to help people do good at scale.

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