There are five significant Tel Aviv startups to watch in 2018, according to US business magazine Forbes, which recently came out with an article highlighting the Israeli companies.
Forbes named autonomous drones startup Airobotics, medical imaging startup Zebra Medical Vision, online shopping game site Boom25, deep learning cybersecurity Deep Instinct, and project management tool Monday.com as the five startups.
Airobotics was recognized for the autonomous drones being created that can be used for surveillance and other industrial uses. The company was founded in 2014 by Meir Kliner and Ran Krauss and has raised $71 million to date, including a $32.5 million Series C round in September 2017.
Zebra Medical Vision was recognized for its AI platform that reads medical scans to provide accurate medical image diagnoses and its partnership with Google to provide algorithms on Google Cloud at $1 per scan. The third company, Boom25, is “disrupting the popular cashback scene by gamifying online shopping,” according to Forbes.
With its nontraditional cashback opportunities, Boom25 offers the 25th customer a full refund on his purchase for shopping through the site and almost 700 retailers have joined the site.
Deep Instinct has applied deep learning to cybersecurity to develop a solution with predictive capabilities and claims its the first company to do so. The company was named a Technology Pioneer by the World Economic Forum. Monday.com, formerly DaPulse, has created a project management tool that transforms the team collaboration experience for teams of any size. It has raised $34.1million in funding so far and works with companies like McDonalds, Adidas, and Wix.
The article also mentions Tel Aviv’s strong tech scene and startup ecosystem as a whole with access to angel investors, VCs, R&D, and even some tax benefits for digital businesses. Tel Aviv has a plethora of accelerators and incubators including 500 Startups and Samurai Incubate Israel.
Tel Aviv has also gained the attention of digital publications like Forbes and the US-based tech news publisher TechCrunch, who announced last month that it will host a one-day conference focused on mobility in Tel Aviv this summer. Forbes announced in January that its international Forbes Under 30 Summit Global in Tel Aviv and Jerusalem in May.
Eight hundred people from the US, Asia, Europe, the Middle East, and Africa are expected to be at this event.