2018 was an incredible year full of funding activities for startups in Tel Aviv. One of the largest cities in Israel, Tel Aviv boasts of a young and vibrant workforce which has made it easier for entrepreneurs move here without having to worry about finding the right team for running their business and hence, helping the startup scenario flourish.
The tech sector in the ecosystem is soaring and finds ample support from the various ecosystem partners in the city. The national military forces in Tel Aviv are an important partner in this regard.? This year, close to 200 startups participated in funding, with some of them even breaking their own records. These companies are leaving no stone unturned to ensure that the investments are optimized and have become the top Tel Aviv startups for 2019.
Founded in 2014 by Amos Haggiag, Eitan Yanovsky, and Gady Shlasky, Optibus is a top startup in Tel Aviv in the SaaS segment. The company is helping create better mass transportation systems by leveraging AI and optimization algorithms. The startup?s notable growth of over 400% in the recent years and the fresh funds received has made it one of the top Tel Aviv startups for 2019.? This year the company completed its Series B round of funding securing $40 million from lead investor Insight Venture Partners and the support of four more investors. The Tel Aviv based startup has impressed some of the top transport operators globally in over 300 cities.
Tel Aviv based startup infiBond is a pioneer Empathetic AI platform that is machine learning driven and based on deep psychology. The company is an Avante Garde top startup in Tel Aviv that has created breakthroughs in enabling machines to replicate human emotions and thought processes.2018 began with a bang for this top startup in Tel Aviv as it raised $40 million in venture capital. This has been the only funding round in which infiBond has participated in since its inception. The cutting-edge startup was founded by Yaron Coriat and Yoram Kraus in 2013.
Tel Aviv based startup Endor is a leading software platform that offers answers for a range of predictive questions asked by its users. The company was founded by Alex Pentland, Doron Alter, Stav Grinshpon, and Yaniv Altshuler in 2014 and today is one of the top Tel Aviv startups for 2019 that stands out for its innovation. Till date, Endor has raised $50 million from two funding rounds and is supported largely by lead investors Innovation Endeavors and Marker. Endor is a spin-off startup from MIT and is the first completely automated predictive intelligence platform.
Visual software testing startup, Applitools, is the next fast-growing company on our list of top Tel Aviv startups for 2019. The company is the first one to develop a software testing tool that is cloud-based. The most recent round of funding for the trailblazing startup was in April 2018. The Tel Aviv based startup raised $31 million from OpenView (lead investor), Sierra Ventures, Magma Venture Partners, and La Maison Compagnie d?Investissement. Applitools has developed a technology that is capable of mimicking the human eye function and test all the visual aspects of applications quickly and without errors. This top startup in Tel Aviv was co-founded by Adam Carmi, Gil Sever, and Moshe Milman in 2013.
Tel Aviv based startup Nexar is an automated driving safety application company co-founded by Eran Shir and Bruno Fernandez Ruiz in 2015. The company has picked investments of $44.5 million from three rounds of funding till date. The most recent round of funding for this top startup in Tel Aviv was in January 2018 in which it secured $30 million from Ibex Ventures (lead investor) with the support of seven other investors. Nexar?s range of solutions for city planners and insurance companies are helping make cities safer and claims processes easier. One of the top Tel Aviv startups for 2019, Nexar plans to accelerate the expansion of the AI-driven inter-vehicle network to more cities in the US.
The next company on our list of top Tel Aviv startups for 2019 is BioCatch, an innovative behavioral biometrics company that is helping enterprises protect their data and their users from any breach. It has recently completed its Series B round of funding that has helped it achieve a place among the top Tel Aviv startups for 2019. BioCatch raised $30 million in venture capital in this round. Maverick Ventures Israel led this round and was supported by seven more investors. Total investments for the Tel Aviv based startup stand at $46.1 million as of date from three rounds of funding. BioCatch was founded by neural science, cybersecurity, and machine learning experts Avi Turgeman, Benny Rosenbaum, and Uri Rivner in 2011.
AnyVision is a top Tel Aviv based startup in the AI segment. The company is a developing recognition software company that was founded in 2015 by Eylon Etshtein and Neil Robertson. It rose to join the ranks of top Tel Aviv startups for 2019 after the completion of its Series A round in mid-2018. This is the only round of funding the company has participated in so far. The Tel Aviv based startup picked investments of $28 million from Bosch in this round to accelerate the development of its facial, body, and object recognition technology.
Softwheel is one of the top Tel Aviv startups for 2019 poised for a notable growth in the coming year owing to the funding the company raised recently. In August 2018, the Musashi Seimitsu Industry led the Series C round for the Tel Aviv based startup and invested $25 million in it. Softwheels is novel startup offering advanced in-wheel suspension technology solutions for use in wheelchairs, cycles and other automotive applications. This top contender among the top Tel Aviv startups for 2019 was founded in 2011 by Gilad Wolf and Daniel Barel.
Taranis completed its Series B round in this year securing $20 million from Viola Ventures and 9 participating investors. The Tel Aviv based startup is making farming more viable and efficient by providing important warning and forecasts from its field scouting app.? This year has been quite eventful for the startup in terms of financial activities that makes it one of the top Tel Aviv startups for 2019 poised for spectacular growth. Taranis was co-founded by Ayal Karmi,? Eli Bukchin, and Ofir Schlam in 2014 and is making a notable impact in the Tel Aviv?s agtech sector.
Tel Aviv based startup Orbs is a pioneer blockchain company that was co-founded by Tal Kol and Uriel Peled in 2017. The company has already raised $133.4 million in funding and is one of the youngest top Tel Aviv startups for 2019. Orbs is the first company to offer blockchain-as-a-service offering centralized solutions in the most secure manner. The cutting-edge startup has participated in two funding rounds till date and both of them were held in 2018 itself. Kakao Investments led one of the rounds while the investors in the other round have not been disclosed yet.
Tel Aviv has been an important city that has helped Israel the title of startup nation. These top startups for 2019 have created the much-needed investment traction in the city’s ecosystem and have also piqued the interest of international investors and entrepreneurs.
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