Hightech in Israel is now responsible for 15% of all employment. Abu Dhabi is soon to plough money into the country. SoftBank released US$25 million this week. To sum up the success of the first nine months of this year, we can say that.

Israel’s tech sector once again broke capital-funding records, with firms raising a total of $17.78 billion in 575 deals since the start of 2021, almost double the total raised in all of 2020, itself a record year.

Israeli tech firms raised staggering $17.8b this year, almost double 2020 total | The Times of Israel

Earlier this week, The Calcalist (“Economist” in Hebrew) online newspaper become the latest entity to summarise the rise of the Israeli ‘Unicorn Club’. Last year, you could can the numbers with two hands. Today, the total is over 70, and counting.

How can I be so definitive?

Well just a couple of days after The Calacalist released its blog, “Israeli-founded warehouse automation logistics startup Fabric announced that it had closed a $200 million Series C funding round (which) makes the company one of Israel’s newest unicorns, a privately-held startup valued at over $1 billion.”

The good news for all Israelis is that frequently (but not always), much of the investment still ends up at Israel’s Ministry of Finance – paying for corona provisions, help for the Arab sector, and paying off political opposition parties so that the budget can pass.