Israel’s start-up ecosystem powers ahead, in the middle of a year of change

Israel’s start-up ecosystem powers ahead, in the middle of a year of change

But it’s been tough to argue against this position in the last 10 years, as the country powered ahead, notoriously producing ground-breaking startups like Waze, which was ultimately picked up by Google for more than $1 billion in 2013. Waze’s 100 workers received about $1.2 million on average, the largest payment to employees in Israeli […] Israel’s startups market started emerging in the late 1980s and early 1990s. While the nation has ended up being famous for its cybersecurity start-ups, AI now accounts for almost half of all financial investments into Israeli start-ups. Startup Picture found that 55% of start-ups profiled had altered (or considered changing) their product due to COVID-19. Investments in Israeli seed-stage start-ups reduced both definitely and as a portion of total investments in Israeli startups (to 6% from 11%). Another notable aspect of Israel’s startups scene is its, in some cases stopping, attempt to engage with its Arab Israeli population….

How Moovit went from chance to a $900M exit in 8 years

How Moovit went from chance to a $900M exit in 8 years

Now a personal financier, former Moovit president Omar Téllez uses an appearance inside the company’s early development method, its efforts to attain product-market fit and how rapid growth in Latin America sparked its quick ascent.

Omar Téllez is a personal financier in a number of tech companies based in LatAm and Silicon Valley., Intel believes combining Moovit’s information repository with the autonomous car solution stack for its Mobileye subsidiary will strengthen sophisticated driver-assistance systems (ADAS) and help produce a combined $230 billion total addressable market for data, MaaS and ADAS. At the time, I was part of Synchronoss Technologies’management group. Uri recommended us to”fall in love with the problem and not with the solution, “which is what we tried to do at Moovit.