Israeli tech entrepreneurs ring opening bell at NYSE, protest judicial overhaul
Israeli tech entrepreneurs ring opening bell at NYSE, protest judicial overhaul
Guy Franklin, the founder and CEO of Israeli Mapped in NY, was the bell ringer alongside the NYSE President, Lynn Martin, and Israeli startup CEOs including Assaf Rappaport from Wiz, Adam Singolda from Taboola, Ori Goshen from AI21, Merav Bahat from Dazz, Amir Hever from UVeye, Yael Shemer from Tulu, and more
Israeli Mapped in NY, the Israeli startup platform in New York, was invited by the NYSE to open the trade as recognition for its central activity in the tech industry in New York. The platform was established to showcase Israeli success to the world and facilitate connections for Israeli entrepreneurs expanding to New York.
Guy Franklin, the founder and CEO, was the bell ringer alongside the NYSE President, Lynn Martin, and Israeli startup CEOs including Assaf Rappaport from Wiz, Adam Singolda from Taboola, Ori Goshen from AI21, Merav Bahat from Dazz, Amir Hever from UVeye, Yael Shemer from Tulu, and more.
After the ringing of the bell, the Israeli entrepreneurs and executives wore shirts with the inscription “Save Our Democracy” as part of a protest by the Israeli high-tech sector against the judicial overhaul being promoted by the government.
"Israeli startups are expanding to New York. When the situation in Israel becomes uncertain and risky, we see a rise in opportunities and growth here. Therefore, there is a significant increase in Israeli companies establishing operations in the United States," said Franklin. "The ongoing growth of Israeli startups in New York reflects the trends in Israel. Israeli entrepreneurs seek to enhance their prospects, and when they mitigate risks and uncertainties, their ability to attract investors and customers improves significantly."
Two years ago, Israeli Mapped in NY created an investment arm, primarily investing in Israeli companies in Series A rounds, including companies like Talon, Ionix, Cynerio and more.
According to Franklin, "The number of Israeli companies in New York has experienced significant growth in recent months due to market conditions. Companies that raised capital should be here, and those unable to raise funds in the current market understand that to achieve faster results, they need to expend to NY and gain significant market focus in the United States."
Additionally, "Currently, more than 400 Israeli startups operate in New York, and the number increases every month. New York has surpassed San Francisco as the top destination for Israeli companies expanding to the United States."
Merav Bahat, Co-Founder and CEO of Dazz, said: "I am a great believer in the state of Israel, its vibrant tech industry, its amazing techonlogical talent in people - but it is time to put a stop to the hate, division and destruction that's snowballing. I'm stoked to see the tech sector, which is the growth engine of the Israeli economy, stepping up and fighting for our country's future. I'm sure the current crisis can be fixed, and that it is not too late to do so."
