Following a flurry of investment activity in recent months, New York is now home to 21 Israeli-founded unicorns — privately held companies valued at $1 billion or more — according to the United States – Israel Business Alliance (USIBA).
Each of these companies’ global or US headquarters is based in Manhattan, making New York the city with the second most Israeli-founded unicorns in the world, behind Tel Aviv, the USIBA said in a statement.
“The numbers we’re seeing in New York are unprecedented,” USIBA president Aaron Kaplowitz said. “Despite a year filled with challenges and uncertainty, New York remains a global hub for growth industries that Israeli entrepreneurs continue to disrupt.”
Read more at Times of Israel.