Israel Fourth In The World For AI Startups, Says Study

Israel has the fourth highest number of AI startups in the world, according to a recently published study.

The country’s 402 AI-based startups have received a total of $11 billion of private investment over the past decade. 

First place went to the United States, which remains at the forefront of AI investment with $250 billion invested in 4,643 startups. It is followed by China ($95 billion invested in 1,337 startups) and the United Kingdom ($18 billion invested in 630 startups).

The study, conducted by infographic publishing company Visual Capitalist, also found that the AI-led industries that were most highly invested in included healthcare ($6.1 billion in 2022), data management and processing ($5.9 billion) and cybersecurity and data protection ($5.4 billion).

In Israel, such startups included:

Noname Security, which protects businesses from data leaks and corruption and has raised a total of $220 million;

TytoCare, developer of a handheld remote examination device that has raised a total of $205 million; and

Dataloop AI, which has created a data management and annotation platform, and has raised $49 million. 

The rest of the countries ranked highest in terms of AI investment were Canada ($9 billion invested in 341 startups), France ($7 billion invested in 338 startups), India ($8 billion invested in 296 startups), Japan ($4 billion invested in 294 startups), Germany ($7 billion invested in 245 startups) and Singapore ($5 billion invested in 165 startups).