Health Tech

Israeli Health Tech Top 100 of 2024

Health Tech

January 12, 2025

The Israeli Health Tech Top 100 of 2024 highlights Israel’s pivotal role in transforming global healthcare through innovation. This map and accompanying lists, with data and insights by Startup Nation Central’s Finder business platform, celebrates the most impactful companies, investors, and exits across biopharma, digital health, and medical devices.

Even in a year marked by economic and geopolitical uncertainty, Israel’s health tech ecosystem demonstrates resilience and ingenuity, reshaping healthcare with a bold and determined approach to technology that we call Impatient Innovation.

Key Highlights from the Israeli Health Tech Map

  • Funding Trends: Private health tech funding in 2024 reached $1.2 billion. Although a decline from $1.6 billion in 2023, the average deal size surged to $4.6 million, reflecting a shift towards larger, more strategic investments.
  • Leading Sectors: Digital health attracted the largest share of funding with $545 million, followed by medical devices ($380 million) and pharma/biotech ($262 million).
israeli health tech

Spotlight on Growth Companies and Deal

1. Major Growth Stories

  • Insightec (Medical Devices) secured $150 million for its MRI-guided focused ultrasound technology.
  • VI Labs (Digital Health) raised $111 million to scale its AI-powered SaaS platform for healthcare providers.
  • Magenta Medical closed a $105 million round for its minimally invasive heart failure treatments.
  • Exsilio Therapeutics broke records with an $82 million Series A round for genomic medicine innovation.

2. Early-Stage Startups to Watch

Israeli health tech thrives on fostering the next generation of game-changers:

  • AISAP (Digital Health) raised $13 million for an AI-powered ultrasound platform.
  • Promise Bio (Pharma) secured $8.3 million for epi-proteomics research.

The Power of AI in Israeli Health Tech

AI continues to be a cornerstone of Israeli health tech:

  • Use Cases in Digital Health: AI-enabled startups accounted for a third of digital health funding, focusing on provider support, R&D enablement, and revenue cycle management.
  • Notable Innovations: Companies like Aidoc and Biobeat are leveraging AI to enhance diagnostics and patient monitoring, reducing provider burnout and improving outcomes.

Key Investors Driving Innovation

Investors are vital to the sector’s growth, with firms like Peregrine leading the charge with 15 deals this year. Other notable contributors include eHealth Ventures, which focuses on early-stage ventures, and Iron Nation, a non-profit fostering global health solutions.

Exit Activity and MNC Collaborations

Mergers and acquisitions continue to shape the industry, with standout deals including:

  • BELKIN Vision was acquired by Alcon for advancing glaucoma treatment.
  • C2i Genomics was acquired by Veracyte for its pioneering cancer diagnostics.

Additionally, multinational corporations are fueling growth through investments and collaborations. CytoReason, backed by NVIDIA and Pfizer, exemplifies how global giants are integrating Israeli innovation into their strategies.


The Road Ahead: Resilience in Challenging Times

The Israeli health tech sector’s ability to innovate under pressure is a testament to its resilience. From larger funding rounds to pioneering AI and early-stage innovation, the ecosystem is prepared to tackle global health challenges head-on.

Explore the Israeli Health Tech Map and Innovate

Go to Finder to explore the Top 100 Map and discover the companies and solutions shaping healthcare in 2025. Whether you’re an investor, MNC representative, or entrepreneur, the future of health tech starts here and now.