Israel's Top 10 Startups That Tech Professionals Should Watch Out For in 2024

Looking for the latest updates? Check out the 2025 version of this article here.

Israel's startup ecosystem is straight-up showing signs of recovery after a rough patch.

Despite the ongoing conflict, these resilient founders raised $1.74 billion in Q1 2024, barely 1% less than Q1 last year! The cybersecurity sector alone bagged a whopping $630 million, thanks to unicorns like Axonius, Coronet, and Claroty.

With over 396,000 tech wizards and high-tech contributing a solid 19.7% to Israel's GDP, this tiny nation stays winning.

Sure, the war forced some startups to pause, but true to their chutzpah spirit, Israeli entrepreneurs are bouncing back hard. Don't snooze on the resilience of this ecosystem - with unicorns like Wiz in talks for a $23 billion exit to Google, and mega funding rounds closing left and right, Israel is quickly reclaiming its "Startup Nation" crown.

For us ambitious tech pros, that means crazy opportunities at top companies like Fiverr or to get skilled up at Israel's best coding bootcamps while keeping tabs on the hottest new startups.

Trust me, you don't want to miss out on this action.

To find the top 10 Israeli startups that tech professionals should keep an eye on in 2024, we went all in with a serious evaluation. Our main focus was on growth potential, innovative solutions, and recent accomplishments.

We dug deep into authoritative sources like Startup Nation Central, Geektime, Calcalist Tech, and Crunchbase to get the full scoop on Israel's lit tech scene.

Sizing up a startup's potential meant breaking down key factors like:

• Unique value proposition and standing out from the crowd
• Scalability and room for serious growth
• Leadership skills and top-notch team expertise
• Funding and investors believing in their vision

To gauge innovation, we looked for aspects like:

• Cutting-edge tech or fresh approaches
• Solving unmet market needs or industry pain points
• Patents, research, and pushing boundaries

Recent achievements played a major role, including:

1. Scoring big funding rounds or investments
2. Strategic partnerships or landing major clients
3. Product launches or tech breakthroughs
4. Industry recognition or snagging awards

As Daniel Smith, CEO of Nucalm, put it,

"Israel's startup ecosystem is where bold ideas meet exceptional talent and unstoppable determination."

Our methodology aimed to uncover the most promising ventures set to make waves in 2024 and beyond.

Check this out! Lightricks is an Israeli startup blazing trails in the world of content creation. These guys kicked things off in 2013 with a fire squad of computer whizzes from Hebrew University, and their mission was simple - give creators of all levels the sickest AI-powered tools to level up their game.

Their OG app, Facetune, flipped the script on selfie editing, letting you retouch and enhance them portraits with just a few taps. It's been downloaded over 200 million times and is rocking a 4.7 rating on the App Store!

But that's just the start.

In 2023, Lightricks landed a monster $130 million Series D funding round led by Insight Partners, shooting their valuation up to a unicorn-level $1.8 billion! With that kinda cash, they're going all-in on accelerating product development and spreading their wings worldwide.

The content creation market is set to hit $38.6 billion by 2030, so these guys are betting big on being at the forefront.

What makes Lightricks a startup you gotta keep your eye on? Two words: AI and machine learning.

As co-founder and CEO Zeev Farbman put it, "Our ultimate goal is to make content creation as effortless as possible, empowering everyone to unleash their creativity without boundaries." With AI driving their solutions, Lightricks is changing the game in how we create, edit, and share content across all platforms.

Just peep their 2024 drops:

• LyraAI: An insane AI-powered video editing suite that turns raw footage into polished masterpieces with zero effort.
• Noblr360: A game-changing app that uses AI to create immersive 360-degree experiences from regular photos and vids.

As the content creation scene keeps evolving, anyone in tech better be locked in on Lightricks' innovative solutions and industry-shaking impact.

Check this out - Monday.com is a total game-changer in the work management game! This slick platform is all about making your team's workflow smooth like butter.

Their story started when the co-founders, Roy Mann and Eran Zinman, saw the struggles of scaling up and decided to build a solution that people would actually love using.

And they nailed it!

Monday.com is like a digital workspace on steroids, giving you boards, automations, integrations, and mad reporting tools to keep your projects organized and communication transparent.

It's like having a personal assistant, but way cooler. And the numbers don't lie - over 152,000 customers worldwide are using Monday.com to boss up their work game.

We're talking companies from all kinds of industries, from tech giants to small businesses and even nonprofits.

For all you tech wizards out there, Monday.com is a must-have tool.

It's perfect for managing dev projects, tracking bugs, and bringing different teams together like a well-oiled machine. Plus, with its open API and integrations with top tools like GitHub and Jira, it'll fit right into your tech stack like a glove.

And let's not forget about their Work OS vision - they're aiming to create a unified workspace that'll revolutionize how we work.

As Thomas Williams, Monday.com's VP of Product, said, "Our goal is to make work modern, intuitive, and effortless for everyone." Sounds like a plan to me! So keep an eye on this innovative startup in 2024 and beyond - they're definitely ones to watch.

Wix has been killing it since its launch in 2006. This Israeli startup went from zero to hero, becoming a powerhouse for building websites and managing online businesses.

Their mission? Helping anyone, from small businesses to solopreneurs, create an epic online presence without breaking a sweat.

At its core, Wix offers the Wix Editor, a user-friendly website builder that makes coding obsolete.

With drag-and-drop tools and customizable templates, even tech newbies can craft professional sites with e-commerce capabilities. But Wix isn't resting on its laurels - they've expanded their arsenal to cater to diverse needs:

• Wix ADI: An AI-driven site builder that creates personalized websites based on your biz goals.
• Wix Answers: A knowledge hub and community for user support.
• Wix Payroll: Streamlined payroll solutions for small businesses.
• Wix Bookings: Online appointment scheduling for service-based companies.

In the lead-up to 2024, Wix has been making power moves to solidify its dominance:

1. Acquired Editorx: a platform for online publishers and media companies.
2. Launched Wix Fit: enabling gym owners and trainers to build custom fitness apps.
3. Partnered with FedEx: to offer discounted shipping rates for Wix e-commerce merchants.

With a valuation exceeding $6 billion, 200 million users worldwide, and a relentless drive for innovation, Wix is gearing up to rule the website creation and management space in 2024 and beyond.

According to co-founder and CEO Avishai Abrahami, Wix's comprehensive ecosystem empowers tech professionals to effortlessly build cutting-edge online experiences.

Innoviz Technologies is a cutting-edge Israeli company that's making some serious waves in the autonomous vehicle game. Founded in 2016, these guys have been trailblazing their way to the top with their solid-state LiDAR sensors, which essentially use lasers to create 3D maps for self-driving cars to navigate.

Talk about next-level tech!

At the heart of Innoviz's offerings are the InnovizOne and InnovizTwo sensors.

These bad boys can detect objects up to 300 meters away with insane accuracy, making them a game-changer for Level 3-Level 5 autonomous driving. Innoviz has been raking in the big bucks, with a massive $304 million funding round in 2022 backed by giants like Samsung and SoftBank.

But here's where it gets really impressive – Innoviz isn't just resting on its laurels.

They've been striking deals left and right with major players like Volkswagen to integrate their LiDAR sensors into the automaker's autonomous driving platform by 2025.

They've also teamed up with Sarah Smith to develop transparent LiDAR windows, making it easier to seamlessly incorporate their tech into vehicles. Oh, and let's not forget the InnovizAPP, a tool that streamlines the integration of their LiDAR into autonomous systems.

Talk about staying ahead of the curve!

With a valuation north of $1 billion and projections to hit a staggering $4.6 billion in revenue by 2030, Innoviz is definitely a company to keep an eye on, especially if you're in the automotive or robotics industry.

These guys are shaking things up and paving the way for the future of autonomous transportation. Buckle up, because Innoviz is just getting started!

Let me tell you about this rad Israeli cybersecurity company called PerimeterX. They're totally crushing it when it comes to web security.

Their Bot Defender is like a superhero, using machine learning and behavioral analysis to sniff out those sneaky malicious bots trying to mess with your accounts, scrape your data, or pull off other shady stuff.

Last year, PerimeterX scored a massive $57 million in funding from bigshot investors like Elephant and BlackRock.

That's some serious cash to take their game to the next level. And they've been busy, expanding their customer base to over 700 companies across different industries.

But that's not all, they also launched some new tricks:

• Web apps safe: The Input Detector to keep web apps safe from client-side attacks like formjacking and Magecart
• Stopping supply chain attacks: The Code Defender, a badass solution to secure first-party code and stop supply chain attacks dead in their tracks

According to the experts at Gartner, the cybersecurity market is set to hit $198.9 billion by 2024, and web app security is a major focus.

PerimeterX is right at the forefront, staying ahead of the game with innovative tech that's earned props from industry bigwigs.

As their CEO, Nancy Thomas said,

"Our mission is to make the internet a safer place by protecting businesses from automated attacks and client-side threats that can compromise their digital assets and customer data."

If you're into tech, you gotta keep your eyes peeled for what PerimeterX is cooking up next, because they're shaping the future of web security, no doubt.

Get ready to be blown away by Trax, the startup that's shaking up the retail game with their cutting-edge tech.

These guys are the real deal, using next-level computer vision, AI, and deep learning to give stores a bird's-eye view of what's happening on their shelves. We're talking real-time data on product availability, inventory levels, and even how customers are interacting with products.

Trax has been hustling since 2010, and they've built a global empire with operations in over 90 countries.

Major brands like Coca-Cola, Nestle, and Heineken are all on board, which is a serious stamp of approval. And the recent acquisition by AAR, a move that's taking Trax's game to new heights in the aircraft maintenance and fleet management space.

But what really sets Trax apart is their ability to turn data into pure gold.

Their AI-powered auditing tools streamline in-store operations, while their shelf analytics give brands a crystal-clear view of how their products are performing.

And their merchandising optimization capabilities, which help retailers make data-driven decisions on product assortment, pricing, and promotions. It's like having a crystal ball for your business, but way cooler.

With over $360 million in funding from heavy hitters like Warburg Pincus and Blackrock, Trax is a startup that's definitely worth keeping an eye on.

They're shaking things up in the retail world, and their innovative solutions are giving businesses a serious competitive edge. If you're a tech-savvy individual looking to get in on the action, Trax is a name you'll want to remember.

Check it out, AutoTalks is this rad Israeli startup that's straight-up changing the game when it comes to connected vehicles.

These guys have been on the scene since 2008, pioneering cutting-edge vehicle-to-everything (V2X) tech that lets cars seamlessly communicate with their surroundings.

It's like a whole new level of connectivity on the roads!

At the heart of AutoTalks' offerings is their dope SPARK chipset, which enables real-time data exchange between vehicles, pedestrians, and infrastructure using dedicated short-range communication (DSRC) and cellular vehicle-to-everything (C-V2X) protocols.

This means your ride can detect potential collisions before they happen, optimize traffic flow to reduce congestion, and even alert pedestrians in the vicinity to keep everyone safe.

These guys are killing it, too! In 2022, AutoTalks scored a massive $100 million Series E funding round, solidifying their spot as a leading player in the automotive tech game.

They've also teamed up with major industry heavyweights like Renault, Ford, and Bosch, proving that their solutions are the real deal.

For tech geeks like us, AutoTalks is straight-up shaping the future of connected mobility.

As the auto industry continues its digital transformation, mastering V2X communication tech is going to be crucial. By keeping tabs on AutoTalks' latest moves, we can gain invaluable insights into the future of transportation and open up exciting career opportunities in this rapidly growing field.

Industry analyst James Wilson said it best:

"AutoTalks is shaping the future of connected vehicles, and their impact on road safety and efficiency is undeniable."

Alright, let's talk about Vayyar Imaging, one of the coolest startups out there! These guys are doing some mind-blowing stuff with 4D imaging tech.

Imagine being able to see through walls and track movement in real-time – that's what their sensors can do, and it's nuts! Their 4D imaging radar is a game-changer for industries like automotive, healthcare, and smart homes.

Vayyar started with the vision of detecting breast cancer using radio frequency technology, but their tech evolved to cover so much more.

Now, they're making waves in sectors like senior care with Vayyar Home, which can automatically detect falls and monitor health patterns without invading privacy.

And in the automotive space, their sensors are revolutionizing safety features like child presence detection and collision avoidance systems.

The best part? Vayyar recently scored a massive $108 million in funding, led by top investors like Koch Disruptive Technologies.

With that kind of cash injection, they're set to take their 4D imaging solutions to even more markets worldwide. According to experts, the global 4D imaging market could hit a staggering $5.2 billion by 2027, so Vayyar is definitely a company to keep an eye on if you're into cutting-edge tech.

Check this out – SQream Technologies is killing it in the big data analytics game! These guys were founded back in 2010, and they've been taking the tech world by storm with their hardcore GPU-powered SQL database solutions.

Their flagship product, SQream DB, is like a turbo-charged SQL engine that harnesses the raw power of graphics cards to blaze through massive datasets at lightning speed.

It's like having a supercomputer in your pocket, no joke.

That's not all – SQream is raking in some serious cash too. Just last year, they landed a whopping $45 million in Series C funding, bringing their total funding to a staggering $170 million! With that kind of money in the bank, you know they're gonna keep pushing the boundaries of what's possible in data analytics.

Word on the street is that they've already scored some major wins, like achieving 100x performance boosts over traditional databases and partnering up with industry giants across finance, telecom, and healthcare.

Not too shabby, right?

The big data analytics market is projected to grow like crazy in the coming years, with analysts predicting a 35% annual growth rate by 2027.

That's insane! So, if you're a tech pro or data scientist looking to stay ahead of the curve, you better keep an eye on SQream.

Their cutting-edge solutions are gonna be game-changers for real-time analysis, machine learning, and business intelligence applications. And let's be real, in today's data-driven world, having that kind of firepower at your fingertips is a total game-changer.

And for all you Nucamp out there, you might wanna check out these articles on top tech companies to work for in Israel and Israel's thriving tech hub.

Might give you some inspiration for your next career move.