California is now home to 17 Israeli-founded tech unicorns valued at over $1 billion
According to a new report from the United States-Israel Business Alliance (USIBA)
These unicorns have established their headquarters in California over the past twelve months, bringing the state’s total to 32 tech unicorns.
California now hosts the highest concentration of Israeli-founded unicorns of any other US state, adding six this year alone. In particular, San Francisco hosts the second most Israeli-founded unicorns among US cities with 12. New York City takes the lead with 26.
“When you tell someone there are 32 Israeli-founded companies worth a billion dollars or more, you’ll be amazed,” USIBA President Aaron Kaplowitz said. “When you point out that these 32 companies are only in California, wonder quickly turns to disbelief.”
The 32 companies are:
Exabeam; a $2.4 billion valued security automation company.
Place.AI; a $1 billion pedestrian traffic intelligence and analytics company.
Sunbit; a $1.1 billion fintech-valued payment-over-time payment solutions provider.
Fast ; which provides a $15 billion Fintech-as-a-Service platform.
Redis Labs; a $4 billion database management company.
giant panda; which provides IT software solutions valued at $1.2 billion.
Next Assurance; private insurance for small businesses worth $4 billion.
armed; whose agentless security platform provides visibility of OT/IT assets to a wide range of industry sectors valued at $3.5 billion.
Gong; a revenue intelligence firm valued at $7.25 billion.
Houzz; a $4 billion home design and interior decorating and landscaping company.
salt safety; a $1.5 billion valued API security provider.
TripActions; a $7.25 billion corporate travel management company.
As; which provides cybersecurity solutions for the cloud worth $6 billion.
Wiliot; a $1 billion IoT company.
Cloudy ; a $2 billion cloud-based media experience platform.
Drémio; a big data custodian company valued at $2 billion.
AppsFlyer; a $2 billion mobile marketing analytics company.
At the bay; a cyber insurance company valued at $1.35 billion.
Deel; a payroll and compliance firm valued at $5.5 billion.
Firebolt; a data warehousing company valued at $1.4 billion.
fund box; who developed a cash flow optimization platform valued at $1.1 billion.
Enthusiasm; who has developed an all-in-one platform that enables simple payroll, benefits and HR management worth $9.5 billion.
Halio; an AI chipmaker for edge devices valued at $1.1 billion.
Pound of honey; a workflow and bill payment platform valued at $2.4 billion.
RapidAPI; a company that provides thousands of APIs to developers worth $1 billion.
SpotOn; a restaurant and retail payment company valued at $3.2 billion.
Trax; a $3 billion cloud-based retail analytics and management company.
Viz.ai; a $1.2 billion AI smart healthcare platform designed to detect disease and optimize treatment.
Cato Networks; which is developing SASE (Secure Access Service Edge) technology valued at $2.5 billion.
Nameless security; a $1 billion API security company.