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    News Analysis
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    Most promising startups of 2024 by Globes

    "Globes" identifies Israel's top 10 promising startups for 2024, showcasing innovations in underground mapping, metabolism monitoring, autonomous tractors, and AI. The source: https://en.globes.co.il/en/article-globes-most-promising-startup-of-2024-exodigo-1001476543

    Exodigo

    Nonintrusive Subsurface Mapping Solution
    Exodigo is creating an advanced subsurface imaging platform that can generate a precise and digitally-located 3D map of hidden assets without causing any disturbance to the surface. By integrating multi-sensor fusion and artificial intelligence technologies, the platform enables faster and more accurate mapping, resulting in significant cost savings and reduced damages caused by unnecessary digging.

    The system is versatile and can identify objects of any size buried in any type of terrain, ranging from pipes and cables to soil layers, rocks, minerals, and groundwater, regardless of the environment, be it a busy urban area or a vast rural landscape.

    Exodigo's primary aim is to minimize the number of design changes due to unexpected utilities, thus reducing the risk and carbon footprint of the entire project. By eliminating needless drilling and incorrect equipment usage, the accuracy of the initial mapping is improved, and interactions with utility firms can be kept to a minimum. Furthermore, the platform's precision results in safer excavations and speedy verification of subcontractors' work performance, known as "as-made" validation.

    Locations

    Israel

    HaMasger Street 39, Tel Aviv-Yafo, Israel

    Total funding

    $146M

    Funding stage

    A

    Number of employees

    201-500

    Founded

    1/2021
    Israel Offices
    HaMasger Street 39, Tel Aviv-Yafo, Israel

    Qwak

    Machine-learning Production Platform
    Qwak is a fully managed, accessible, and reliable ML Platform, The Platform covers everything data science and data engineering teams need to build high-quality ML applications simply. Defining an efficient process for deploying and managing machine learning models in a production environment introduce a variety of challenges such as data processing, version control, reproducibility, and facilitating scalability of models. Integration complexities arise from the need to align diverse tools and technologies such as model training tools and model monitoring tools along with deployment tools and orchestration tools. Addressing these challenges necessitates establishing a robust end-to-end workflow that encompasses the entire machine learning model lifecycle. Qwak transforms the MLOps lifecycle, enabling practitioners to scale their models into production faster than ever. The end-to-end platform reliably handles data transformation, storage, pipelines, build and deploy.

    Locations

    Israel

    Derech Menachem Begin 154, Tel Aviv-Yafo, Israel

    Primary sector

    Business Software

    Total funding

    $27.4M

    Funding stage

    Acquired

    Number of employees

    51-200

    Founded

    11/2020
    Israel Offices
    Derech Menachem Begin 154, Tel Aviv-Yafo, Israel

    DOT Compliance

    Compliance and Quality Management Platform
    DOT Compliance offers a cloud-based native Salesforce platform for managing compliance and quality. Its product targets companies working in the areas of medical devices, pharmaceuticals, biotech, food and beverages, and other highly regulated industries.
    Exceptionally customizable, DOT Compliance helps companies verify their products' suitability to industry standards. Using the platform's dashboard, companies can track and assess their lifecycle management, audit history, document revisions, training plans, electronic signatures, and more.
    The company's cloud-based solution is compliant with FDA 21 CFR part 11 and is suitable for companies ranging from early-stage start-ups to enterprise-level businesses.

    Locations

    Israel

    Sayollo Media, Prof. Hillel ve-Khanan Oppenheimer St 2, Rehovot, Israel

    Offices Abroad

    2375 East Camelback Road, Phoenix, AZ, USA

    Total funding

    $50.5M

    Funding stage

    B

    Number of employees

    51-200

    Founded

    1/2007
    Israel Offices
    Sayollo Media, Prof. Hillel ve-Khanan Oppenheimer St 2, Rehovot, Israel
    Offices Abroad
    2375 East Camelback Road, Phoenix, AZ, USA

    Trullion

    AI-powered platform revolutionizing accounting and audit workflows.
    Trullion is an AI-powered accounting platform that automates financial workflows for accounting and audit teams. For accountants, Trullion ingests source data and automats the creation of financial entries for compliance. For auditors, Trullion ingests financial reports and automats audit testing workflows to ensure accuracy and compliance. By empowering both accounting and audit teams, we’re leveraging AI to unlock a new level of transparency in the financial world.

    Locations

    Israel

    Ben Avigdor St 19, Tel Aviv-Yafo, Israel

    Offices Abroad

    154 W 14th St, New York, NY 10011, USA

    Primary sector

    Business Software

    Total funding

    $33.5M

    Funding stage

    A

    Number of employees

    51-200

    Founded

    1/2019
    Israel Offices
    Ben Avigdor St 19, Tel Aviv-Yafo, Israel
    Offices Abroad
    154 W 14th St, New York, NY 10011, USA

    FundGuard

    Cloud-Native, AI-powered Investment Accounting Platform
    FundGuard is the new era investment accounting utility that is transforming legacy investment operations with our AI-powered, cloud native and multi-asset class SaaS platform for asset managers, asset owners, custodian banks and fund administrators.

    Led by an experienced team of technology innovators and industry experts, our mission is to help investors around the world to accumulate and grow their assets safely and efficiently.

    Locations

    Israel

    Azrieli Center, Derech Menachem Begin, Tel Aviv-Yafo, Israel

    Offices Abroad

    430 Park Ave, New York, NY 10022, USA

    Primary sector

    Fintech & Insurtech

    Total funding

    $156M

    Funding stage

    C

    Number of employees

    51-200

    Founded

    4/2018
    Israel Offices
    Azrieli Center, Derech Menachem Begin, Tel Aviv-Yafo, Israel
    Offices Abroad
    430 Park Ave, New York, NY 10022, USA

    torq

    No-code Platform for Security Automation
    Torq is a no-code automation platform designed for security and operations teams. Torq enables frontline security professionals to easily create automated flows to help them respond to threats faster, remediate risks automatically, and deliver better security to their teams.

    Torq delivers the security industry’s first enterprise-grade hyperautomation platform capable of automating the most complex security infrastructures at dramatic scale. The company emancipates security teams from manually managing threat detection and remediation at scale, and ensuring all of their systems are talking to each other, and working together in concert.

    Locations

    Israel

    HaMelacha St 3, Tel Aviv-Yafo, Israel

    Offices Abroad

    411 NW Park Ave, Portland, OR 97209, USA

    Primary sector

    Cyber Security

    Total funding

    $190M

    Funding stage

    C

    Number of employees

    201-500

    Founded

    12/2019
    Israel Offices
    HaMelacha St 3, Tel Aviv-Yafo, Israel
    Offices Abroad
    411 NW Park Ave, Portland, OR 97209, USA

    env0

    Code Infrastructure Management Platform
    env0 is a SaaS platform that allows organizations to easily provision and manage their cloud native applications. env0 combines self-service environment management with organizational control and central governance.

    For DevOps, env0 aims to take infrastructure-as-code to the next level by automatically applying organizational policies for cost management, security, and compliance. Moreover, env0 enables developers, testers, support, and sales teams on the never-ending race toward increased velocity to self-manage environments through an easy-to-use UI, relieving their dependency on DevOps and removing a significant organizational bottleneck.

    Locations

    Israel

    Derech Menachem Begin 11, Ramat Gan, Israel

    Offices Abroad

    Sunnyvale, California, USA

    Primary sector

    Business Software

    Total funding

    $41.8M

    Funding stage

    A

    Number of employees

    51-200

    Founded

    12/2018
    Israel Offices
    Derech Menachem Begin 11, Ramat Gan, Israel
    Offices Abroad
    Sunnyvale, California, USA

    XTEND

    Human-guided Autonomous Systems
    XTEND provides human-guided autonomous machine systems that enable operators to perform extremely accurate makeovers and actions in any environment with minimal training. The company's patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator's abilities and reduce the need for physical confrontation, thereby minimizing casualties and injuries.

    Hundreds of XTEND's systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human–machine teaming to defense, homeland security, and security professionals worldwide.

    Locations

    Israel

    HaBarzel St 7, Tel Aviv-Yafo, Israel

    Offices Abroad

    652 Beal Pkwy NW suite g, Fort Walton Beach, FL 32547, USA

    Total funding

    $63M

    Funding stage

    B

    Number of employees

    51-200

    Founded

    7/2018
    Israel Offices
    HaBarzel St 7, Tel Aviv-Yafo, Israel
    Offices Abroad
    652 Beal Pkwy NW suite g, Fort Walton Beach, FL 32547, USA

    Lumen

    Virtual Nutritionist and Metabolism Measurement Device
    Lumen is a device that measures metabolism in real time and tells users whether they are burning fats or carbs and what they can do about it. Lumen also includes an application that acts as a virtual nutritionist, providing dietary and exercise recommendations based on the user's metabolism.

    The Lumen device uses a CO2 sensor and flow meter to determine the CO2 concentration in a single breath. This indicates the type of fuel the body is using to produce energy.
    The platform provides users with a daily personalized nutrition plan and insights into how different foods affect them. It can also assess whether users have enough available energy to work out.

    Lumen was developed by Meta Flow.

    Locations

    Israel

    HaArba'a Street 30, Tel Aviv-Yafo, Israel

    Offices Abroad

    New York, NY, USA

    Total funding

    $79M

    Funding stage

    C

    Number of employees

    201-500

    Founded

    1/2014
    Israel Offices
    HaArba'a Street 30, Tel Aviv-Yafo, Israel
    Offices Abroad
    New York, NY, USA

    Bluewhite

    Autonomous Platform for Agriculture Operations
    Bluewhite develops technology to make farms more efficient and resilient. The company's autonomous farming suite uses hardware and software to equip existing agricultural fleets with remote-control capabilities, reducing operational costs and improving productivity.

    Key to this suite is Pathfinder, which transforms regular tractors into autonomous machines. Using a mix of sensor fusion, computer vision, and AI, Pathfinder allows for autonomous tasks like spraying and mowing, even in GPS-denied environments.

    Bluewhite Compass, the software-as-a-service (SaaS) part of the solution, provides remote management and monitoring, allowing farmers to control operations from any device. Compass collects and analyzes field data, delivering real-time insights for better decision-making.

    Through these innovations, Bluewhite helps growers maximize efficiency and sustainability in their farming operations.

    Locations

    Israel

    Derech Menachem Begin 116, Tel Aviv-Yafo, Israel

    Offices Abroad

    235 Harrison St, Syracuse, NY 13202, USA
    3731 W Ashcroft Ave, Fresno, CA 93722, USA

    Total funding

    $89.7M

    Funding stage

    C

    Number of employees

    51-200

    Founded

    3/2017
    Israel Offices
    Derech Menachem Begin 116, Tel Aviv-Yafo, Israel
    Offices Abroad
    235 Harrison St, Syracuse, NY 13202, USA
    3731 W Ashcroft Ave, Fresno, CA 93722, USA