Over $25 billion was raised by Israeli startups in 2021, an almost unimaginable magnitude of investments. Just three years earlier in 2018, investments reached $6.5 billion in what was at the time considered to be a record year. The incredible influx of funds into local high-tech correlated with the dramatic entrance of venture capital giants like Insight Partners, Tiger Global and SoftBank and resulted in dozens of new Israeli unicorns (companies valued at over $1 billion) in 2021.
Last year’s list included numerous excellent companies, but also young companies that had only been around for 2-3 years, had annual revenue of several millions at best but had already raised hundreds of millions at ludicrous valuations. Companies that had…