A new report by the Tel Aviv Municipality and the IVC Research Center takes a look at the city's booming tech and innovation ecosystem.

The five Tel Aviv startups listed by Us business magazine Forbes showcase the impressive digital technology coming out of 'Silicon Wadi'.

The recognition for Tel Aviv comes on the heels of Israel’s ranking as the second-most innovative nation in the world by the World Economic Forum.

There are 12 global centers at the forefront of technology. Which city outside the US rounded up the top five list?