The Edge of TechWho are the 5 most promising Israeli startups of 2024?
The Edge of Tech
Who are the 5 most promising Israeli startups of 2024?
CTech's AI-native show reveals which companies were ranked in the top five of the annual list
Welcome to a special edition of CTech's annual 50 Most Promising Israeli Startups List! In 2024, Calcalist and CTech journalists marked their 16th consecutive year of ranking the most promising private technology companies in "Startup Nation".
Despite facing one of its toughest years in recent decades, 2024 has seen the Israeli high-tech sector continue to lead the economy, acting as a beacon of achievement, innovation, and excellence.
From microchips to artificial intelligence, software solutions to insurance innovations - these are the 5 most promising Israeli startups on our list for 2024.
1. Faye
Sector: Insurtech | Established: 2019 | Founders: Elad Schaffer and Daniel Green | Employees: 60, in Israel and the United States | Funding: $20 million from Viola, F2, and Munich Re
2. Trullion
Sector: Enterprise Software | Established: 2019 | Founders: Isaac Heller and Amir Boldo | Employees: 85, in Israel and the United States | Funding: $35 million from Aleph, Third Point Ventures, Greycroft, StepStone Group
3. Exodigo
Sector: Underground mapping using AI | Established: 2021 | Founders: Jeremy Suard and Ido Gonen | Employees: 216 in Israel, the U.S., and the UK | Funding: $118 million from Greenfield Partners, Zeev Ventures, Square Peg, 10D, JIBE, National Grid Partners, Waxman Govrin Geva, Tidhar, and Israel-Canada
4. Chain Reaction
Sector: Chips | Established: 2019 | Founders: Alon Webman and Oren Yokev | Employees: 100, 90% in Israel and the rest in the USA | Funding: $115 million from JVP, Hanaco, Morgan Creek Digital, KCK Capital, Exor, Atreides Management and BlueRun Ventures
5. Pinecone
Sector: AI | Established: 2019 | Founder: Edo Liberty | Employees: 150 in Israel, Europe, and the USA | Funding: $140 million from Andreessen Horowitz, ICONIQ Growth, Menlo Ventures, and Wing Ventures Capital
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