Top 10 Deep Tech Startups in Israel in 2020

Advances in technology are already driving the world to a new next level, giving further opportunities for businesses across diverse industries to evolve more. The evolution of deep technology is the next phase of innovation in the modern technology landscape, finding its way into various industry verticals. The term typically refers to a startups ecosystem where companies develop products based on profound scientific breakthrough or engineering novelty. Deep Tech can span across a wide range of technological areas and impact different applications.

In Israel, as of January 2020, there are more than 150 Israeli high-tech companies developing products based on deep technology. Considering an IVC report, Deep Tech startups in the country have raised US$5.52 billion in 373 deals during the period of 2010-2019.

So, let’s have a look at the top 10 Israeli Deep Tech startups in 2020.

Binah.ai

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2016

Binah.ai is a provider of AI-powered, Video-based Health and Wellness Monitoring solutions. The company’s video-based monitoring solutions deliver on the promise of digital healthcare services extended to everyone, everywhere. Running on standard devices such as a smartphone, tablet, or any other camera-equipped device, solutions from Binah.ai are easy to use and easily accessible. Prior to the COVID-19 pandemic, the company was decided to shift its focus from providing big data analytics services to financial sector corporations to digital health and telemedicine. Currently, binah.ai offers technological solutions that use mobile phone signals to remotely monitor patients’ vital signs, including heart rate, respiratory rate, and blood oxygen saturation.

Infinidat

Headquarter(s): Herzliya, Tel Aviv

Founded: 2011

Infinidat helps customers empower data-driven competitive advantage. Founded by a team of storage industry experts, the company’s software-focused architecture, an evolution, and revolution in data management design over 30 years in the making solves the conflicting requirements of bigger, faster, less expensive storage. The team at Infinidat, spanning generations of storage industry experience and previous product successes, has become an industry leader by developing a better, faster way to store and protect multiple petabytes of data, with the highest possible availability, at the lowest possible cost.

Wiliot

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2017

Willot is a fabless semiconductor company developing passive SoC platforms for the IoT market. The company builds a smart sticker that can be attached to any product and involves a Bluetooth-enabled sensor that harvests energy from radio waves to turn any product into an IoT device. The sticker can transmit information including an item’s location, its surrounding temperature, and product information. With a research and development team based in Israel, operations in Germany and business development in San Diego, CA, Willot was founded by the leadership of the Gigabit Wi-Fi pioneer Wilocity, a group of wireless engineers experienced in building new products and the ecosystems required for their success.

Quantum Machines

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2018

Quantum Machines is a developer of control systems for quantum computers, which has already been adopted by several multinationals, startups, and academic labs. Recently, the startup has secured a US$17.5 million Series A funding round, led by Israeli tech entrepreneur Avigdor Willenz and Harel Insurance Investments. Quantum Machines also develops innovative software, hardware, and electronics, integrating a range of classical engineering in the field of electrical, hardware, and software engineering, with the science and technology of quantum computing. The company uses different skills such as algorithmic, digital signal processing, RF microwave engineering, machine learning, and quantum physics to push their limits.

DriveNets

Headquarter(s): Ra'anana, HaMerkaz

Founded: 2015

DriveNets, a fast-growing IP networking software company, revolutionizes Communications Service Provider (CSP) networks by disaggregating the network infrastructure from the core to edge, similar to the way hyperscalers have disaggregated the cloud. The company’s flagship solution, Network Cloud, is a software-centric routing infrastructure that can grow linearly to an unprecedented scale and can run any service, at any scale, from centralized clouds. It applies hyperscale cloud approaches to SP networks, radically simplifying their network operational model, to enable extreme growth, rapid service innovation and accelerated economic profitability.

Logz.io

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2014

Logz.io, an artificial intelligence (AI) log analysis startup, provides an intelligent and scalable machine data analytics platform built on ELK and Grafana. Designed for monitoring modern applications, the company combines cloud-native simplicity and scalability with crowdsourced AI to assist engineers to identify critical issues before they occur and empower them to monitor, troubleshoot and secure mission-critical applications using one unified platform. The startup’s last funding came with US$52 million in a Series D round in May 2019, which was led by Massachusetts-based venture capital firm General Catalyst.

Innoviz

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2016

Innoviz is a leading provider of high-performance, solid-state LiDAR sensors and perception software that enable the mass-production of autonomous vehicles. The company's solutions include InnovizPro, a solid-state LiDAR that offers outstanding performance and value for automotive and other applications; and InnovizOne, a cutting-edge, automotive-grade LiDAR sensor that provides superior 3D sensing for Level 3-Level 5 autonomous driving.

Zencity

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2015

Zencity is a startup that uses AI and big data to reinvent the way local governments make decisions. The company’s AI-powered platform assists local governments translate what people want in their cities more effectively and eliminates the guesswork from policymaking. With close to zero integration, Zencity collects and assesses millions of data points from all of the touchpoints residents have with their city, then delivers reliable, real-time insights to help local governments to better prioritize resources, track performance, and connect with their communities.

Dataloop AI

Headquarter(s): Herzliya, Tel Aviv

Founded: 2017

Dataloop AI is a one-stop shop for building and deploying powerful computer vision pipelines –  data labeling, automating data ops, customizing production pipelines and weaving the human-in-the-loop for data validation. This confiscates data challenges for companies, allowing them to focus their resources on their core business. The company’s data management and annotation platform streamlines the process of preparing visual data for machine and deep learning. DataLoop's platform generates datasets from raw visual data, including data management environment, intuitive annotation tool with semi-automation annotation capabilities, and data QA and debug tools.

Hailo

Headquarter(s): Tel Aviv, Tel Aviv

Founded: 2017

Hailo is a deep learning-based company that develops a breakthrough specialized deep learning processor that empowers intelligent devices with the performance of a data center-class computer, operating in real-time at minimal power consumption, size and cost. The company’s processors enable edge devices to go beyond handling sensors and streaming volumes of data for remote processing. Hailo’s product offerings covers various application, including automotive, smart city, smart homes, drones, smartphones, industrial, AR, VR and MR, and wearable.