7 Israeli companies recognized in CNBC’s annual Disruptor list
The companies largely operate in the cyber and healthcare spaces - two areas impacted by Covid-19
Seven Israeli companies have made the ninth annual CNBC ‘Disruptor 50’ list, where the news organization highlights private companies “leading out of the pandemic with business models and growth rates aligned with a rapid pace of technological change.”Among the 50 companies, 34 of them are unicorns that have already exceeded the $1 billion dollar valuation mark, down two from last year. In total, the companies have raised over $72 billion in venture capital and have a combined valuation of more than $388 billion.
K Health is another healthcare company, only two spots lower at 11, which also uses AI and machine learning in the healthcare industry. Founded in 2016 by Allon Bloch (CEO), Ran Shaul, Israel Roth, and Adam Singolda, it has already raised $273.3 million and is one of the unicorn companies. It has jumped an impressive 26 places after being in 35th place last year.In 15th place, Snyk is helping “sniff out open-source flaws”, according to CNBC. It’s the first time that the $4.7 billion cloud computing company has appeared on the list, boosted largely by the pandemic pushing companies to do business online. Its open-source software allows companies to identify vulnerability throughout the development process, rather than outsourcing the work to another firm. It was founded by Guy Podjarny, Assaf Hefetz, and Danny Grander in 2015. At the top of the second half of companies is Neteera, coming in at 26th and appearing on the list for the second year in a row. Described as a “sixth sense in medicine” by CNBC, the Jerusalem-based company provides in-room sensors that offer contact-free, continuous monitoring of cardiovascular and respiratory vital signs. The Israeli Ministry of Defense called Neteera critical in the fight against Covid-19 and has been invaluable in Israeli and French hospitals.