Kaiima named a “20 hottest Israeli startup” by Business Insider
Kaiima named a “20 hottest Israeli startup”
by Business Insider
June 15, 2014
Israel is a 65-year-old country of about 8 million people that is home to between 4,000 and 5,000 startups. It is second only to Silicon Valley as a hub of tech innovation.
As Israel’s tech industry matures, it has, so far, produced 68 public companies traded on Nasdaq. It has also increasingly attracted investment by venture capitalists worldwide. And it’s hottest companies have been a big target of acquisitions, particularly by big U.S. tech companies.
For instance, among the 20 hottest startups we named on our 2013 list, Waze was bought by Google for $US1.1 billion, PrimeSense was bought by Apple for $US345 million, Soluto was sold to a company called Asurion for an estimated $US130 million, and Wix had a successful $US119 million IPO.
Once again we compiled this list by asking people in the Israeli tech scene to name the buzzy, hot companies they are watching. Plus we threw in a few of our own. We used CrunchBase as our source for venture funding information.
Kaiima is a bio-tech company that is earning worldwide accolades for developing non-genetically modified ways to breed more abundant crops.
It was recently named among MIT’s 50 Smartest Companies.
It’s tech is being used by companies like Bayer CropScience to create hybrid forms of rice (that’s the agriculture unit of the company that makes Bayer aspirin).
This article was originally featured in Business Insider.