Twenty-six Israeli-founded unicorns – privately-held firms with over $1 billion valuations — are headquartered in New York, according to a new report by the United States-Israel Business Alliance (USIBA).
Each company is based in Manhattan. This makes New York City the city with the highest concentration of Israeli-founded tech unicorns in the world, second to Tel Aviv, USIBA said.
“New York supplies strategic resources that no single city can truly match,” said USIBA president Aaron Kaplowitz. “It offers access to seemingly endless sources of capital, a well-traveled path to the rest of America and global markets, a highly sophisticated workforce, cultural synergies – the list goes on.”
“But in interviews we conducted with Israeli founders over the past year, many expressed deep frustrations trying to navigate the global travel disruptions that have arisen during the pandemic,” added Kaplowitz. “The New York metropolitan area is the only place in the country with two airports that offer direct flights daily to Tel Aviv, so from the perspective of the executive who needs to travel back and forth frequently, New York has even more appeal.”
According to the report, New York-based venture capital firms Insight Partners and Tiger Global Partners were found to be the most active investors in Israeli technology in 2021, with 49 and 16 investments, respectively.
“When we started tracking Israeli-founded unicorns in 2018, New York had five and we thought that was a tremendous number,” Kaplowitz said. “Now that we’re at 26 we’ve had to recalibrate our thinking on Israelis’ contributions to the local economy and all the jobs these massive companies are creating.”
The 26 Israeli-founded unicorns headquartered in New York City are:
Augury; a machine health diagnostics company valued at $1 billion
Axonius; a cybersecurity asset management firm valued at $2.6 billion
BigID; a data privacy and protection company valued at $1.25 billion.
Capitolis; a tech provider for global capital markets valued at $1.6 billion
Cheq; a go-to-market cybersecurity solutions provider valued at $1 billion
Claroty; an industrial cybersecurity firm valued at $1.95 billion
Fabric; a developer of micro-fulfillment technologies valued at $1 billion
Fireblocks; a digital assets platform valued at $8 billion
Forter; a retailer-oriented fraud detection platform valued at $3 billion
Gett; a ride-hailing and transportation management company valued at $1.1 billion
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Hibob; an HR technologies developer valued at $1.65 billion
Immunai; a biotech company specializing in high resolution profiling of immune systems valued at $1 billion
K Health; a telemedicine company valued at $1.5 billion.
Melio; a fintech company and developer of Accounts Payable tool valued at $4 billion
Oosto; a facial recognition platform valued at $1 billion
OpenWeb; an online community engagement company valued at $1.1 billion
OrCam; an assistive device developed for the visually impaired valued at $1 billion
Pagaya; a provider of AI underwriting solutions valued at $8.5 billion.
Papaya Global; a workforce management platform valued at $3.7 billion
Selina; a hospitality firm valued at $1.2 billion
Sisense; a business analytics company valued at $1 billion
Vast Data; a storage software firm valued at $3.7 billion
Veho; a last-mile delivery company valued at $1.5 billion.
Verbit; an advanced transcription and captioning platform valued at $2 billion.
Via; an on-demand transit and software company valued at $3.3 billion.
Yotpo; an e-commerce marketing firm valued at $1.4 billion.