New report shows Israel is world-class AI powerhouse
AI firms now account for 30% of the nation’s 7,000-plus startups but are bringing in 47% of all investment.
By John Jeffay | Courtesy Israel21C
Israeli startups in the artificial intelligence (AI) sector are surging ahead of their non-AI counterparts in the race to attract funding, says a new report, and are positioning the Startup Nation as a global AI leader.
AI firms now account for 30 percent of the nation’s 7,000-plus startups but are bringing in 47% of all investment.
“Israel stands at the forefront of global AI innovation, propelled by an extraordinary ecosystem of startups, academia, and multinational support,” said Avi Hasson, CEO of Startup Nation Central, the nonprofit that fosters innovation in Israeli tech and published the report, “Israel’s World-Class AI Powerhouse: Leading Through Applied Innovation.”
According to the report, Israel is rapidly establishing itself as a global leader in AI innovation especially in healthcare, climate tech and robotics, as well as cybersecurity and agrifood (agriculture and food production, processing, and distribution).
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