Number of employees in the high-tech sector in Israel 2021, by industry

High-tech is one of the most important and profitable sectors in Israel. In 2021, over 182,000 people in Israel were employed in the computer programming and consultancy industry within the high-tech sector. This industry was the largest that year in terms of employees, followed by the over 82,000 personnel in computer, electronic, and optical product manufacturing. In 2021, high-tech companies in Israel raised 25.6 billion U.S. dollars in funding.

Successful startup hub

Israel is a prominent hub for startups, especially tech companies. Most startups in the country operate in Tel Aviv and Jerusalem, the biggest cities in Israel. Both cities received high scores as leading cities for startups. In addition, Yokneam, a small city in the Northern District of Israel, houses several startups in its technology park. Israel's innovative approach helps to promote a rapid establishment of new startups. In 2020, Israel scored 94.1 points on the World Bank's ease of starting a business score.

Startup exits in Israel

In 2021, the number of exit deals for startups in Israel amounted to 42. This was a slight decrease compared to the previous year. However, the number of exits has increased significantly since 2016. In addition, in 2021, the value of exit deals for startups in Israel reached 2.75 billion U.S. dollars. Although this was a decline compared to the preceding year, the value more than doubled in six years.