Startup accelerator 8200 EISP, established by veterans of the IDF's elite 8200 intelligence unit, is planning an event for Monday, June 21, to celebrate its 11th anniversary and showcase the many accomplishments the company has achieved since its inception, including fundraising in excess of $1 billion.
Follow Israel Hayom on Facebook and Twitter
"The long-term investments from previous years have borne fruit in recent months, with extraordinary successes, including the exits by Zeekit and Rise.ai and notable fundraisers by TailorMed and Explorium, bringing the total fundraised amount over $1 billion," said CEO of 8200 EISP Yarden Abarbanel.
She also pointed out the latest worrisome decline in the number of new startups, which makes the accelerator's work that much more critical.
"This decrease calls for even more encouragement, mentoring and assistance to entrepreneurs who are just starting out, so that we can continue to achieve new high-tech records in the years to come and preserve the growth engine of Israel's economy and employment," she said.
The company's program this year was attended by several prominent entrepreneurs, including Ohad Bobrov and Gil Hirsch, who came to share their experience in the field.
As part of the event, entrepreneurs will present new startups operating in a variety of fields − cybertechnology, web and app development, management, medicine, artificial intelligence and more.
Subscribe to Israel Hayom's daily newsletter and never miss our top stories!
