About IT Services sector in Tel Aviv, Israel
The IT Services sector in Tel Aviv, Israel comprises 268 companies, including 34 funded companies having collectively raised $395M in venture capital money and private equity. Out of these, 22 are Series A+ funded.
IT Services sector in Tel Aviv, Israel has seen 14 acquisitions and 2 IPOs. This represents almost 6.0% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes services for design, development, installation, management and maintenance of IT infrastructure and software applications for enterprises.
IT Services sector is also known as IT Engineering Services or Technology Services.
Companies providing IT outsourcing services for software application development, software testing, big data, networking, security, virtualization, IT operations, data center, cloud, storage, hosting. Also includes companies distributing or reselling IT infrastructure equipment Companies providing services related to management/strategy consulting, AR/VR consulting, and Enterprise services such as HR, Marketing, Legal, Telecom, BPO etc
Top IT Services Companies in Tel Aviv, Israel
There are 268 IT Services startups in Tel Aviv, Israel which include QualiTest, Sygnia, Netformx, Natural Intelligence, Guardz. Out of these, 34 startups are funded, with 22 having secured Series A+ funding.
Over the past 10 years, an average of 14 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Tel Aviv University, Technion Israel Institute Technology and Harvard University.
Here is the list of top IT Services startups in Tel Aviv, Israel
1. QualiTest
Provider of software testing services. It offers a range of flexible engagement models tailored to meet the unique needs of its clients across various industries, including finance, government, healthcare, telecom, media, and retail. Its expertise in AI-led quality engineering, data management, and test automation.
Key facts about QualiTest
- Founded Year: 1997
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $137M
- Investors: Apax, AZMA Capital and 1 Other
- Latest Funding Round: Unattributed, Apr 07, 2021, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 1 of 962 Competitors
2. Sygnia
Sygnia is a cyber technology and services company which provides consulting and incident response support for security and responding to threats. The company works with organizations to build their cyber resilience and to respond and defeat attacks within their networks.
Key facts about Sygnia
- Founded Year: 2015
- Location: Tel Aviv (Israel)
- Stage: Acquired
- Total Funding till date: $4.3M
- Investors: Team8
- Latest Funding Round: Seed, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 4 of 1,218 Competitors
3. Netformx
Netformx offers software solutions for enterprise technology design and ICT solution design. Netformx provides collaborative requirements-to-order software solutions for enterprise technology selling to IT, networking, and communications professionals. Netformx solutions provide value to the Sales domain, including Account Managers, Inside Sales, Solution Architects, Sales Engineers, Sales Management, Sales Operations, Finance, and Procurement. Has over 2,000 service provider, systems integrator, and technology vendor customers in more than 120 countries including AT&T, Bell Canada, BT, CDW, Cisco, Dimension Data, Insight, Juniper, Orange Business Services, Sprint, and Telstra.
Key facts about Netformx
- Founded Year: 1994
- Location: Tel Aviv (Israel)
- Stage: Series C
- Total Funding till date: $27M
- Investors: Susquehanna Growth Equity, Concord Ventures and 3 Others
- Latest Funding Round: Series C, Dec 14, 2009, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 300 of 118,873 Competitors
Natural Intelligence operates in the comparison space across markets throughout North America, Europe, South America and Australia. It utilizes a polyglot software development approach to build its products. It builds comparison sites in the top 10 best format with each of the comparison sites is built so as to become the leading, authoritative resource for consumers’ online decision-making. It is listed as one of Google's top 50 advertisers worldwide.
Key facts about Natural Intelligence
- Founded Year: 2009
- Location: Tel Aviv (Israel)
- Stage: Unfunded
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 35 of 77,958 Competitors
5. Guardz
Key facts about Guardz
- Founded Year: 2022
- Location: Tel Aviv (Israel)
- Stage: Series B
- Total Funding till date: $85M
- Investors: ClearSky, Hanaco Ventures and 10 Others
- Latest Funding Round: Series B, Jun 09, 2025, $*****
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 6 of 1,421 Competitors
Companies founded year-on-year in the IT Services sector in Tel Aviv
24 IT Services startups in Tel Aviv were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | - |
2023 | 3 |
2022 | 13 |
2021 | 18 |
2020 | 22 |
2019 | 24 |
2018 | 23 |
2017 | 24 |
2016 | 14 |
Stage-wise distribution of IT Services sector companies in Tel Aviv
Out of the total 268 IT Services companies in Tel Aviv, 34 have secured funding. Among them, 22 have reached Series A or higher, and 21 to Series B or beyond.
Founded - 268
Funded - 34
Series A+ - 22
Series B+ - 21
Series C+ - 17
Company Stage | No. of companies |
|---|---|
Founded | 268 |
Funded | 34 |
Series A+ | 22 |
Series B+ | 21 |
Series C+ | 17 |
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Funding Trends in the IT Services sector in Tel Aviv
Total funding year-on-year in the IT Services sector in Tel Aviv
The IT Services sector in Tel Aviv saw a total funding of more than $326M in the last 10 years. The most amount of funding was in 2019 at more than $136M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $58.5M |
2024 | $17.5M |
2023 | $34.5M |
2022 | $23.8M |
2021 | $29.4M |
2020 | $3.2M |
2019 | $136M |
2018 | $20M |
Recent Funding Rounds in IT Services in Tel Aviv
In the year 2025, till June 2025, IT Services companies in Tel Aviv have raised $58.5M in equity funding across 2 rounds.
Here are some recent, important funding rounds in IT Services companies in Tel Aviv:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 2323 | Jun 09, 2025 | ||
Seed | 5986 | Apr 21, 2025 | ||
Series A | 9629 | Dec 11, 2024 | ||
Series A | 2393 | Dec 13, 2023 | ||
Seed | 3484 | Nov 20, 2023 | and 1 more |
Top Investors in IT Services in Tel Aviv
Norwest Venture Partners is the top investor in IT Services companies in Tel Aviv based on number of companies invested.
Here are some top investors in IT Services companies in Tel Aviv:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | - | |
Boston (United States) | - | |
Hong Kong (China) | ||
Haidian (China) | - | |
San Jose (United States) | - |
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M&A activity in IT Services sector in Tel Aviv
In the year 2025, till January 2025, 1 acquisition happened in IT Services sector in Tel Aviv. Last year, in 2024, a total of 2 acquisitions happened in IT Services sector in Tel Aviv.
Here are some recent, important acquisitions in IT Services sector in Tel Aviv:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 07, 2025 | ||
Business Acquisition | Apr 04, 2024 | ||
Business Acquisition | Feb 29, 2024 | ||
Business Acquisition | Nov 01, 2023 | ||
Business Acquisition | Jan 23, 2023 |
Acquisition trends in IT Services sector in Tel Aviv
Here are the acquisition trends in IT Services sector in Tel Aviv:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 2 |
2023 | 2 |
2022 | 1 |
2021 | 2 |
2020 | - |
2019 | 2 |
2018 | 1 |
2017 | - |
2016 | 3 |
IPOs in IT Services in Tel Aviv
In the year 2023, till January 2023, 1 IPO happened in IT Services sector in Tel Aviv.
Here are some recent, important IPOs in IT Services sector in Tel Aviv:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 26, 2023 | Tel Aviv Stock Exchange (TLV) | |
Aug 03, 2017 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jul 26, 2005 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most IT Services companies in Tel Aviv
Companies founded by alumni from top colleges in the IT Services in Tel Aviv
Most number of IT Services startups in Tel Aviv have been founded by alumni from Tel Aviv University, Technion Israel Institute Technology and Harvard University.
College | No. of companies |
|---|---|
Tel Aviv University | 14 |
Technion Israel Institute Technology | 7 |
Harvard University | 2 |
Ben-Gurion University of The Negev | 1 |
Imperial College London | 1 |
Yale School of Management | 1 |
Total funding in IT Services companies founded by alumni from top colleges in Tel Aviv
In the last 10 years, Tel Aviv University graduates' IT Services companies in Tel Aviv have raised the most funding among top colleges. Technion Israel Institute Technology alumni are second, and Yale School of Management alumni are third.
College | Total Funding |
|---|---|
Tel Aviv University | $173M |
Technion Israel Institute Technology | $2.32M |
Yale School of Management | $2.3M |
Ben-Gurion University of The Negev | - |
Harvard University | - |
Imperial College London | - |
Top News in IT Services in Tel Aviv
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Sygnia Uncovers Active Chinese Nexus Threat Actor Targeting Critical InfrastructureBusiness Wire•Jul 24, 2025•Sygnia
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South Africa’s Sygnia Launches Bitcoin Fund Tied to Blackrock’s IBITBitcoin•Jul 12, 2025•Sygnia, BlackRock
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Qualitest Recognized at The Economic Times Future Skills Awards 2025Business Wire•Jun 26, 2025•QualiTest
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Nexar & Flywheel Modernize Taxis with Connected Vehicle TechPR Newswire•Jun 12, 2025•Nexar, Flywheel
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Qualitest recognized as 'UK Partner of the Year' at Tricentis Partner Awards 2025Business Wire•Apr 02, 2025•QualiTest
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Wireside Communications® Selected as Global Agency of Record by SygniaBusiness Wire•Feb 11, 2025•Wireside, Sygnia
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Wiz Selects Sygnia as an Inaugural MDR Partner for Newly Unveiled Wiz DefendBusiness Wire•Dec 03, 2024•Wiz, Sygnia
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