Israel has not earned the moniker of Startup Nation for nothing. If you speak to Israelis, they will tell you that technology is the top export of the nation and they will not be wrong. With 4,800 startups in Israel it has become the hottest country for hi-tech startups and created a sort of excitement that has not been seen since the dotcom bubble burst very painfully in 2000.
Before you start leafing through all the 4,800 hi-tech startups in Israel, here is a list of the 10 most successful ones.
1. Waze
There was a rumor not very long ago that Apple was going to buy this company. However, it did not happen. Waze is perhaps the hottest hi-tech startup in Israel. It is doing very well and its co-founder, Uri Levine, has turned into an angel investor and helping other startups across Israel. Waze is a map and navigation app that is used across the globe by 30 million drivers. By using this app, drivers report the traffic problems that they are facing, allowing other drivers with the app to get real-time information related to traffic.
2. Wix
Although a 5-year old company, Wix is creating waves in the world of hi-tech startups. It offers low cost websites, sometimes even free websites, to people who are technically challenged. It allows people to create beautiful and attractive websites without having any technical knowledge. Today, this startup hosts 30 million sites.
3. BillGuard
There are some companies that can put charges onto your credit card without your knowledge or approval. This is where BillGuard comes in. It monitors your transactions and if anything is fishy, it will help you get a refund, which is free for up to three credit cards. There is a nominal annual charge of $80 to protect up to 10 cards.
4. Soluto
This hi-tech startup offers remote control software that makes it easy for people to assist their parents, children and family members with tech-related problems. The software can help train non-technical users on how to use just about everything – Windows, Internet and file sharing sites like Dropbox.
This startup studies the purchase habits of people and then helps personalize their visit to ecommerce sites. Commerce Science offers its users coupons, ability to Tweet and also check out their Facebook friends’ recommendations.
6. Conduit
This hi-tech startup has become the first billion dollar Internet company in Israel after it was evaluated for $1.3 billion in 2012. The company offers over 260,000 publishers, such as Groupon, Time Warner Cable, Fox News and Travelocity, web toolbars and a marketplace for their web apps.
7. GetTaxi
This is the most popular app to hail a taxi in Tel Aviv. It has been launched in London, where it is performing well, and has also been launched in New York, where it is expected to perform equally well. The app allows you to pay for your taxi using your smartphone.
8. PrimeSense
Do you know Microsoft Kinect? Then you definitely know PrimeSense. The 3D gesture sensing technology used in Kinect has been invented by PrimeSense. Microsoft along with many other companies are licensing this technology from PrimeSense which is being used in 20 million devices across the world.
9. Bizzabo
If you are organizing a conference, you can hire the services of Bizzabo to create a database of the attendees. This will allow you to connect with them on different social media platforms. Basically, you can change your conference contacts into social media connections using Bizzabo.
10. MyHeritage.com
This is a very popular genealogy website not just in Israel, but across the world. The website has 72 million members and hosts 27 million family trees and 70 million photographs. This tech startup has done so well that it has gone ahead and acquired other smaller genealogy websites. It has received funding from a famous Israeli angel investor, Yuval Rakavy.
These are the top 10 hi-tech startups from Israel. If you are looking to start your own technology company, Israel would be the perfect place. You will be able to find investors willing to invest in your dream project.
Moshe Kahn is the lead attorney of Moshe Kahn Advocates in Tel Aviv, Israel
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