A popular new pastime in Israel’s tech scene is hunting unicorns. No, not the mythical horse-like creatures with one horn, but startups valued at $1 billion or more.
The unicorn craze started in 2013, when Google bought Israeli GPS-based geographical navigation app Waze for just over $1 billon. Other Israeli startup unicorns include marketing platforms Taboola and Outbrain, software delivery system IronSource, and app developers Como. Public tech companies worth $1 billion or more (which aren’t technically called unicorns, as they aren’t privately held) include collision-avoidance tech provider Mobileye, enterprise security firm CyberArk, and web development platform Wix, to name a few.
Read more on NoCamels here.