Wiz has raised more than $350 million in funding since the Tel Aviv-based company was launched just 16 months ago.

Tel Aviv currently has a total of 35,200 millionaires with 1,753 millionaires per square mile, according to a new report.

The hottest name on the Israeli IPO rumor mill is Mobileye. The driving safety technology company has reportedly filed for an IPO at company value of $5 billion. If the report is true, we might witness the biggest-ever IPO in Israel's history.

After months of speculation and reports of an offer by Apple that was rejected, it seems that Waze has found a buyer. Israeli financial magazine Calcalist reports that Facebook will pay up to $1 billion for the Israeli social GPS startup.