Over the past year, four private Israeli-founded companies based in New York surpassed the billion-dollar valuation milestone, bringing the state's total number of Israeli unicorns to nine, the New York – Israel Business Alliance announced on Tuesday.
Riskified, Sisense, VAST Data, and Via joined Compass, Lemonade, Payoneer, Taboola, and The We Company in the coveted club.
"It's remarkable that the number of Israeli-founded unicorns based in New York has nearly doubled over the past year," NYIBA president Aaron Kaplowitz said. "As Israel transforms from the Start-Up Nation to the Scale-Up Nation, New York is becoming more and more indispensable to Israel's innovation ecosystem."
In November, Riskified, a provider of ecommerce fraud prevention with headquarters in Tel Aviv and Manhattan, raised $165 million at a $1 billion valuation. In January, Sisense, a business analytics company, announced a $100 million round that pushed its valuation over $1 billion. In March, ride-sharing service Via secured a $200 million investment that catapulted its valuation to $2.25 billion. And in April, VAST Data, a data storage company, closed a $100 million round based on a $1.2 billion valuation.
Fiverr, the online platform for freelancers, attained unicorn status in 2019 before going public last June. In October, Outbrain, which, according to NYIBA, had been approaching the billion-dollar threshold, announced its intention to merge with Taboola, a move which would unify the digital ad companies' place in the group.
Prior to organizing Gov. Cuomo's economic development mission to Israel in 2019, NYIBA released the findings from its inaugural New York – Israel Economic Impact Report. In addition to tracking unicorns, the study identified 506 Israeli-founded companies across New York State that generated $33.8 billion in total revenue, representing 2.02% of the state's Gross Domestic Product, in 2018. These companies directly employed 24,850 New Yorkers.
The report also classified industries well-positioned for growth: agriculture, AI, cybersecurity, drones, life sciences, and renewable energy.