Report: Record 35 Israeli-Founded Unicorns Now Headquarter in California
MIAMI, April 25, 2023 /PRNewswire/ -- California now serves as the global or U.S. headquarters for 35 Israeli-founded unicorns – privately held companies valued at $1 billion or more – according to the United States – Israel Business Alliance. Anchored by a dynamic cluster in Silicon Valley, the 35 Israeli-founded unicorns mark the most ever in a single state at one time.
- Anchored by a dynamic cluster in Silicon Valley, the 35 Israeli-founded unicorns mark the most ever in a single state at one time.
- The 35 Israeli-founded unicorn companies have combined to create some 31,985 direct jobs around the world, an average of 914 jobs per company.
- The total valuation for all 35 unicorns amounts to $115 billion.
- Palo Alto's five Israeli-founded unicorns are the second-most in California, followed by San Jose, with four.