TEL AVIV TECH ECOSYSTEM REPORT

I am proud to present the Tel Aviv–Yafo Tech Industry Report for 2024. This year has brought with it significant challenges on the national and local stage, shaped by ongoing crises and emergencies, alongside dramatic shifts in the global technology landscape - led by the rise of artificial intelligence, which continues to redefine the limits of human capability, market structures, and the nature of work.

The data for 2024 shows that Tel Aviv’s industry continues to maintain its standing as one of the world’s leaders: companies based in the city raised $7.9 billion, including 15 mega-rounds of more than $100 million each; 14 multinational corporations established new R&D centers in Tel Aviv; and 44 funds invested in local companies for the first time. Growth-stage companies operating in the city recorded a 10% increase in their global workforce. These achievements reflect continued confidence in the capabilities of the city’s companies and entrepreneurs, in their resilience during challenging times, and in the power of the local ecosystem to keep growing. This was also a year of growth in strategic areas, led by the DefenseTech sector, which is establishing itself as an innovative and globally relevant field. At the same time, Tel Aviv–Yafo continues to lead in areas where it is already recognized as a major international player - cybersecurity, artificial intelligence, fintech, and medtech. These trends highlight the ecosystem’s remarkable adaptability, the ongoing investment in advanced technologies, and the strong ties linking industry, academia, entrepreneurship, and government. We also see a rise in cross-disciplinary collaborations that are driving innovative solutions combining technology with social, environmental, and security impact - positioning Tel Aviv–Yafo as a place where innovation meets purpose. The commitment of the Tel Aviv–Yafo Municipality to its vision of being a global innovation leader is not just a promise, but a cornerstone that ensures the continued advancement of this ecosystem as a powerful engine of growth and influence. Despite the challenges Israel has faced over the past year, we look ahead with hope and entrepreneurial spirit. This report reinforces the understanding that Tel Aviv–Yafo is not only a hub of investment and ideas, but also a driver of strong communities, deeper social impact, and meaningful connections that fuel real innovation. The Tel Aviv–Yafo tech industry remains a source of inspiration, creativity, and resilience - and continues to shine as a beacon of innovation and impact on the global stage.

Sharon Landes-Fischer CEO, Tel Aviv Global & Tourism