The Technion’s story has been intertwined with Israel’s for more than a century, from laying the foundations for a new nation to shaping its future.
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This is the 16th year that Calcalist has ranked the 50 most promising private technology companies in Israel (opens in a new tab). To compile the list, we consulted a number of prominent investors, consultants, and entrepreneurs active in the Israeli market. We asked participants to identify the fastest-growing startups with the greatest potential to make significant business moves in the coming year, with an emphasis on companies not yet included in rating agency portfolios. After weighing the data and the range of expert opinions, Calcalist’s high-tech reporters and editors—well-versed in the inner workings of the tech sector—compiled this year’s list of the 50 most promising private technology companies.
At Calcalist’s Tech Independence event, held on Sunday in collaboration with Bank Leumi and Playtika and hosted by songwriter and composer Doron Medalie, the most promising startups in Israel were celebrated. The list could easily have been dominated by cyber companies—long considered Israel’s most globally renowned tech sector—but taking the top spot is Decart, a startup aiming to revolutionize the field of artificial intelligence.
Decart CEO Dean Leitersdorf and Quantum Machines Co-founder and Chief Engineer Nissim Ofek are both Technion alumni. Six other companies on Calcalist’s list were founded or are led by Technion alumni: ForSight Robotics, OX.Security, Qodo, DoorLoop, LightSolver and PhaseV.