New York City is now home to nine Israeli-founded unicorns after four firms joined the club of private companies valued at over $1 billion this past year alone, according to a new report by the New York – Israel Business Alliance (NYIBA), an organization that promotes economic opportunities between New York state and Israel.

Last year, NYIBA released a report that identified 506 Israeli-founded companies across New York state that generated $33.8 billion in total revenue, representing 2.02 percent of the state’s GDP in 2018. These companies directly employed close to 25,000 New Yorkers.

The four companies that joined the unicorn club in 2019-2020 are Riskified, a fraud prevention company with headquarters in Tel Aviv and Manhattan that in November 2019 raised $165 million at a $1 billion valuation; Sisense, a business analytics company that in January 2020 announced a $100 million round that pushed its valuation over $1 billion; Via, the public transport tech company that raised over $200 million in March at a valuation of $2.25 billion; and VAST Data, the flash storage startup that closed a $100 million round in April based on a $1.2 billion valuation.

Source Credit: No Camels