New York is home to a record-breaking 30 Israeli-founded unicorns
New York is home to a record-breaking 30 Israeli-founded unicorns
The 30 companies have created a combined 14,717 jobs worldwide.
A record number of Israeli-founded unicorns are today calling New York their home, according to the United States - Israel Business Alliance. According to the alliance, 30 companies founded by Israelis use the Big Apple as their global or U.S-based headquarters, meaning it remains the city with the most Israeli-founded tech unicorns outside of Israel’s Tel Aviv.
"New York remains a financial and international hub that offers Israeli entrepreneurs a concentration of resources to build global companies," USIBA president Aaron Kaplowitz said. “In recent years, the growing number of Israeli-founded unicorns in New York has further convinced many early-stage Israeli founders that the Empire State is the ideal gateway to the United States.”
The number of Israeli-founded unicorns in New York has steadily increased, up from 26 in 2022. In 2019, that number was only five, meaning there has been a six-fold increase in only four years, despite external challenges such as the Covid-19 pandemic and a hardened economic climate.
In total. The 30 companies have created 14,717 direct jobs around the world with the three largest companies being Via (1,200), Verbit (1,000), and Wiz (833). The valuations of these 30 companies total $67.5 billion, with the most valuable being listed as Wiz ($10 billion), Fireblocks ($8 million), and Melio ($4 billion).
Other notable companies include Hibob, BigID, OpenWeb, and Minute Media, which was this year named Israel’s most diverse tech company at Calcalist’s Power in Diversity event and named by Calcalist as Israel’s Most Promising Startup in 2021.
The number of Israeli-founded unicorns in the Empire State still trails behind Califonia, which this year has cited 35 Israeli-founded unicorns. In third place is Massachusetts with 10, and Illinois and New Jersey both follow with three each. In September 2022, the city of New York welcomed its 400th Israeli-founded company at an event hosted by Mapped in NY, a crowdsourced map showing Israeli startup companies that established a base in New York City, whether by founding or relocation.
The companies’ valuations and direct jobs created figures were provided by the United States – Israel Business Alliance and are estimates based on data resources, publicly available information online, and conversations with executives and industry players. The estimates may not reflect current values.
