(Worthy News) - Artificial Intelligence technologies in Israel saw significant growth in 2018, in the number of companies raising funding, the amounts invested, as well as new products released, a new report by Start-Up Nation Central shows.
Israel is home to a vibrant AI ecosystem that grew from 512 companies in 2014 to 1,150 by the end of 2018 (120% increase in 4 years). These include companies that develop core AI technologies as well as companies that utilize AI-technologies for their vertical-related products and services, such as healthcare, cyber security, autonomous driving, among others.
Start-Up Nation Central’s report shows that in 2018, AI-related companies accounted for 17% of the total number of 6,673 active Israeli tech companies in Israel tracked by Start-Up Nation Finder, SNC's innovation discovery platform. Strikingly, 32% of all funding rounds and 37% of the total capital raised went to AI-related companies, representing a 94% increase from the number of funding rounds raised by AI-related companies in 2014, and an 85% increase in the amount of capital raised. The total capital raised by AI companies in 2018 ($2.25B) more than tripled from the amount raised in 2014 ($516M) ----a peak year in terms of capital raised by Israeli AI companies. [ Source: Forbes (Read More...) ]