New York City home to 30 Israel-founded tech unicorns, report says

US-Israel Business Alliance says companies worth at least $1 billion each have created over 14,700 jobs worldwide, are worth a combined $67.5 billion

Luke Tress is a JTA reporter and a former editor and reporter in New York for The Times of Israel.

Illustrative image of New York City, NY, USA. (TomasSereda; iStock by Getty Images)
Illustrative image of New York City, NY, USA. (TomasSereda; iStock by Getty Images)

NEW YORK — There are 30 Israeli-founded companies worth at least $1 billion headquartered in New York City, a record number, according to a Monday report.

That figure makes New York the city with the highest number of Israeli so-called “unicorn” firms, or privately held companies that have reached the $1 billion valuation, outside of Tel Aviv, the United States-Israel Business Alliance said in the report.

The number of Israeli unicorns in New York has been growing steadily in recent years. In 2019, there were only five firms with their global or US headquarters in New York, the annual report said.

Some of the firms to reach the landmark valuation in 2022 were the capital tech company Capitolis; the market security company Cheq; Optibus, a mass transit operations platform; and the network security company Perimeter 81.

The most recent addition was the Liquidity Group, a late-stage financing company, which hit the valuation in February.

The combined total valuation for the 30 companies is around $67.5 billion, with an average value of $2.25 billion. The three largest are Wiz, valued at $10 billion, Fireblocks, at $8 billion and Melio, at $4 billion.

The business alliance estimated that the companies have altogether created over 14,717 jobs worldwide, led by Via, Verbit and Wiz.

“The impressive valuations only tell part of the story,” said Aaron Kaplowitz, the president of the US-Israel Business Alliance. “When we talk about Israeli-founded unicorns, we’re talking about economic dynamos that contribute to local innovation ecosystems, create jobs, and drive revenue.”

The companies operate in a variety of fields including cybersecurity, telemedicine, finance, facial recognition, online community engagement, business analytics, delivery, and e-commerce marketing.

Previous tech unicorns founded by Israelis that have gone public in New York are Kaltura, Monday.com, Outbrain, Payoneer, Riskified, Similarweb, Taboola, Talkspace and WeWork.

Statewide, California has the most Israeli-founded unicorns in the US with 35, followed by New York (where all are located in New York City), then Massachusetts, with 10. There are a total of 88 in the US.

The United States-Israel Business Alliance is a US-based nonprofit focused on fostering economic ties between the two countries.

The group based the report on open data resources, publicly available information, and talks with company executives and industry analysts.

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