“Actually, everything changed. That’s amazing. Pre-COVID and now are like two different times for Israeli high-tech. Pre-COVID, Israeli startups were geared toward mergers and acquisition by large corporates, and were limited in scale. We’re now growing mature companies. Now, there is so much money pouring into the industry, which enables a company to accelerate their innovation and accelerate their scale. Now, they aim to be independent,” Dr. Nimrod Kozlovski, partner and co-founder at cyber crisis management company Cytactic, told The Media Line.
“Israeli companies are going to NASDAQ. Israeli companies are staying as mature, independent companies. That changes the industry. We have now more than 70 Israeli companies that are unicorns and we have dozens of solid companies now that attract a lot of the activity and a lot of the attention in Israeli tech,” Kozlovski said.
Pre-COVID, Israeli startups were geared toward mergers and acquisition by large corporates, and were limited in scale. We’re now growing mature companies.
Essentially, Israel is going from startup nation to scale-up nation, and is doing so at a magnitude reminiscent of Israel’s initial startup boom.