Synopsis
As struggle rages in West Asia, Israel’s high-tech sector is feeling the pinch. Specialists level out that Q3 has already witnessed the seventh consecutive decline in investments, and This autumn is ready to see a sharper decline. Would the Israeli high-tech ecosystem see a meltdown because of the battle within the days to return? An ET Prime deep dive.
As tensions escalated within the aftermath of an incursion by Hamas into Israel and the following retaliatory measures by the latter, an uncommon casualty is looming on the horizon. Israel’s high-tech sector, which was battling an financial slowdown and home political turmoil within the wake of controversial judicial reforms, might should take one other hit – as a consequence of struggle. Israeli high-tech corporations recorded a 70% fall in fundraising within the
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