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Jerusalem Life

| Israel doubles number of unicorns in 2019

Janglo News    
Thursday, 26 December 10:33 AM

2019 was without doubt a year in which Israel's tech sector came of age. The best evidence of this is that nine new unicorns were created during the year bringing the total number of unicorns in the country to 20.

A unicorn is a privately held company with a valuation of at least $1 billion. A unicorn is a sign of a tech eco-system's maturity because a decade ago every Israeli startup dreamed of an exit - being acquired by a tech giant or a Wall Street IPO. But now the dream has changed into scaling-up to a growth company worth $1 billion.

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