SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Israeli Tech Firms Raise Record $4.8 Billion in 2016

JERUSALEM (Reuters) – Israeli private high-tech companies, a main driver of the country’s economy, raised an all-time high of $4.8 billion in 2016, up 11 percent from 2015, a report showed on Tuesday.

The average funding round in 2016 reached a record $7.2 million while the number of deals closed last year slipped 7 percent to 659, according to the Israel Venture Capital Research Center and law firm ZAG.

In the fourth quarter, high-tech firms raised $1.02 billion. Traditionally, many of Israel’s tech companies have sold out at an early stage to global giants like Cisco, IBM and Microsoft.

Read more here.

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x