TL;DR:
- Tel Aviv is becoming a significant AI player in the market, competing with Silicon Valley, London, and Beijing.
- Israel’s extensive university network, military and government ties, and access to American and Asian financial markets have all contributed to its success.
- Cybereason, Fabric, Sisense, Aldoc, StoreDot, Gong, Lightricks, Augury, Optibus, and Coralogix are the top 10 emerging AI startups in Israel to watch in 2023.
- These startups specialize in AI-based threat detection, logistics micro-fulfillment, business intelligence, medical imaging, nano batteries, revenue intelligence, content creation, IoT machine analytics, and SaaS solutions for public transport companies.
- Israel’s growing AI ecosystem is expected to produce more exciting startups in the future.
Main AI News:
Tel Aviv has been fast gaining traction as a leading hub for artificial intelligence (AI), rivaling global tech hotspots such as Silicon Valley, London, and Beijing. Israel’s widespread university network, robust military and government ties, and easy access to American and Asian financial markets have all helped to propel it to the forefront of the AI revolution. In light of this, here are the top 10 emerging AI startups in Israel to watch in 2023:
1. Cybereason: A leader in AI-based endpoint threat detection and response solutions, Cybereason offers a wide range of products, including Endpoint Detection and Response, Next Generation Antivirus, and Managed Detection and Response.
2. Fabric: Fabric specializes in AI-powered logistics micro-fulfillment solutions. Their automated infrastructure micro-fulfillment centers enable retailers to create custom solutions based on their inventory levels, delivery requirements, and Opex/Capex requirements.
3. Sisense: A provider of business intelligence and data analysis solutions, Sisense enables business users to connect to large databases, analyze data, and share web dashboards. Their AI-powered analysis and visualization solutions are ideal for enterprise databases and data.
4. Aldoc: Aldoc’s innovative single-screen system streamlines medical imaging for radiologists, improving workflow and efficiency.
5. StoreDot: A developer of nano and organic compound-based batteries for e-vehicles, StoreDot has combined nanostructural material with organic binders and electrolytes to create optimized Li-ion batteries for multiple sectors.
6. Gong: Gong’s revenue intelligence solutions provide call monitoring and analytics software for inside sales teams. It offers a performance-tracking platform for call center employees, enabling them to easily view calls, web meetings, and emails.
7. Lightricks: Lightricks is a startup that provides applications for content creation on mobile platforms. Its popular offerings include ‘Facetune 2’, a photo retouching application, ‘Enlight Photofox,’ an app for editing and replacing colors of backgrounds, ‘Enlight Videoleap,’ ‘Enlight Quickshot,’ ‘Enlight Pixaloop,’ which enables users to add animation to photos, and Swish.
8. Augury: Augury’s IoT and cloud-based machine analytics and predictive maintenance solutions are invaluable for businesses. Its product offerings include Halo, a wireless real-time asset monitoring solution, and a machine health management platform, a cloud-based solution that collects machine data and uses machine learning to analyze machine working conditions and machine performance and generate reports.
9. Optibus: Optibus provides SaaS solutions for public transport companies, helping municipalities and transit operators with patent-pending optimization technology to advance their scheduling and daily operations in real time.
10. Coralogix: Coralogix is a Log Analytics SaaS platform that utilizes machine learning to analyze traced data from production systems, detect production malfunctions, and actively deliver real-time solutions. It has helped businesses reduce issue resolution time, increase system uptime, and decrease maintenance costs.
These top 10 emerging AI startups in Israel represent just a fraction of the country’s growing AI ecosystem. As Israel continues to innovate and invest in AI, we can expect to see even more exciting AI startups emerge in the coming years.
Conlcusion:
The emergence of Israel as a significant player in the artificial intelligence market, and the growth of its AI startup ecosystem, highlight the country’s potential to become a major hub for technological innovation. With the increasing importance of AI in driving business growth and improving efficiency, the success of these emerging AI startups in Israel signals a significant opportunity for businesses to tap into the country’s expertise and cutting-edge technology. As Israel continues to invest in AI, the market can expect to see even more disruptive and innovative AI solutions emerging from the country.
