What are the eight multi-billion dollar exits by Israeli start-ups?
Israeli start-ups continue to be sold for staggering sums, with electronic parts manufacturer Orbotech being sold to KLA-Tencor on Monday for $3.4 billion.
However, Orbotech’s buy out might only be the fifth largest in Israeli startup history. Here are some of the other big buys:
1) $15.3b. in 2017: Autonomous driving firm Mobileye was acquired by Intel. That’s the largest exit ever by an Israeli start-up. As agreed, Mobileye’s operations have remained in Jerusalem.
2) $5b. in 2012: Video software unit NDS was acquired by Cisco. (Cisco is now said to be seeking a buyer for the unit.)
3) $4.7b. in 2000: At the height of the hi-tech bubble, optics network company Chromatis was bought up by Lucent. (After the bubble burst the following year, Lucent laid off all of Chromatis’s employees.)
4) $4.4b. in 2016: Social media gaming platform Playtika was bought by Giant Interactive.
5) $3.4b. in 2018: Orbotech was acquired by KLA Tencor on Monday.
6) $1.25b. in 2015: Financial-tech company Fundtech was bought by DH Corporation.
7) For $1.2b. in 2013: Waze, the driving navigation app, was scooped up by Google.
8) For $1.1b. in 2017: Neuro-Derm, which develops pharmaceuticals for treating nervous system disorders, was bought by Mitsubishi Tanabe.
Israeli start-ups in 2017 sold in 112 deals for a whopping total of $23b., a 19% jump from 2016, according to the IVC Research Center.