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Afternoon Tea in Jerusalem Blog

In addition to my work as a business coach, one of my interests is blogging about life in Israel. This is a country full of contrasts – over eight million citizens living in an area the size of Wales. You can see snow and the lowest place on the globe in the same day. Although surrounded by geopolitical extremes, Israel has achieved a decade of high economic growth. My work brings me in contact with an array of new companies, exciting technologies and dynamic characters. Sitting back with a relaxing cup of strong tea (with milk), you realise just how much there is to appreciate in the Holyland. Large or small operations, private sector or non profit, my clients provide experiences from which others can learn and benefit.

What’s hot in Israeli hightech?

22 August 2021
1 Comment
Categories: Afternoon Tea in Jerusalem, Business, Israel, Jerusalem

Connect the dots of these headlines from the Israeli press over the past few months

  • In early April this year, “Ha’aretz predicted that “20 to 40 Israeli tech companies will go public in New York, with an average valuation of $3 billion.”
  • Two months on, “The Calacalist” noted that “the market cap of blue-and-white companies on Wall Street has surged by $100 billion since the start of the year.”
  • In the last week of June, four Israeli tech companies raised US$26 billion through IPOs in New York,

What’s hot in Israeli tech? Just about everything.

“Wired Magazine” jumped in one the act and released its 10 Tel Aviv crazy start ups. And no, the list was not just another set of cybertech wanna-to-bees. It was led by edutech. agritech, community focus, and a payments’ system for small businesses.

If there is one downer in all of this it pertains to the “Big 5 of Global Tech“. Their reps in the Holy Land soak up much of the available as they have the resources to pay what the market demands. The situation is so desperate that last week, the Minister of Science, Mrs. Farkash-Hacohen, asked the Israeli Tax Authority to develop a plan that would allow non-Israeli tech workers to get quick and easy authorizations to work in the country.  

Meanwhile, the new giants of Israeli hightech are pushing ahead. Look at Monday.com, Still losing money, it is nevertheless valued at over US$15 billion.

Since monday.com’s IPO in June, the share price has more than doubled from $155 to $356 as the company has leapfrogged the value of other veteran Israeli companies like Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) and Amdocs Ltd. (Nasdaq: DOX).

And the Israeli stock market does not appear to be retrenching. obvious why?

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