Israeli high-tech raised USD2.43 billion in Q3
Israeli startups have shown remarkable resilience, raising USD 7.22 billion in the first nine months of 2024, a 32% increase from the same period in 2023, according to IVC-LeumiTech’s quarterly survey.
This achievement is particularly noteworthy given the ongoing war, indicating a robust investor confidence in the tech sector despite the challenges faced by the country.
A significant factor in this surge is the involvement of Safe Superintelligence (SSI), a company founded by former Israelis. SSI’s recent funding round raised USD1 billion, which was categorized as part of the Israeli startup ecosystem due to its plans for a Tel Aviv branch.
In Q3 alone, Israeli startups attracted USD2.43 billion, with the AI sector particularly leading the way in funding.
Read more in Globes.
