Top 10 Tech Acquisitions in Israel 2024
Despite some challenges faced by Israel in 2024, it was actually a pretty good year for high-value startup exit deals. Israeli high-tech managed to achieve an impressive $13.4 billion in IPOs and mergers and acquisitions, according to PWC, which is a significant increase from the previous year. The top 10 deals alone totaled $7.6 billion, showcasing the success and growth of the industry.
Some of the key deals that defined this groundbreaking year include Own being acquired by Salesforce for $1.9 billion. Own, a data protection platform based in Tel Aviv, offers enterprise cloud data protection, and its acquisition by Salesforce aims to strengthen data protection capabilities and integrate backup and recovery technologies. Another notable deal was Resident being acquired by Ashley Home for $1 billion. Resident is an online furniture and mattress sales company known for advanced algorithms for personalized product recommendations and virtual room design, and the acquisition by Ashley Home signals a move towards enhancing the online shopping experience for customers.
Overall, 2024 saw Israel’s high-tech industry thriving despite global economic challenges, with significant deals driving innovation and growth in the sector.
