Israel is home to over 200 growth stage companies. In a world thrown into chaos by the coronavirus (Covid-19) pandemic, the start-ups featured in this list are doing their best to keep the world economy on the rails, offering innovation to match the magnitude of the crisis. The logistics and e-commerce companies we selected by CTECH.
Most start-ups have witnessed a decline in supply and or demand, except for those start-ups that are engaged in the supply and, or delivery of ‘essential services’. Notwithstanding the above, glitches in the supply chain network have either way presented challenges for all start-ups. However, the Israeli start-up ecosystem has been continuously striving to adapt to the present situation as flexibly as possible, by focussing on the need to innovate and diversify their business techniques and its operations. The Covid-19 pandemic can destroy a company or give it a once in a lifetime window of opportunity
- Fabric develops robotic and artificial intelligence solutions that enable retailers to offer sustainable reliable and rapid delivery services to online customers.
- Capitolis develops an online marketplace where banks and financial institutions can manage their capital and establish collaborations to maximize their economic performance. Capitolis signed on three of the world’s largest banks as clients.
- Forter was on the verge of its big breakthrough when coronavirus hit in early 2020. Forter, which develops automated fraud detection tools for e-commerce websites, experienced a massive leap in business volume in 2019.
- Glassbox develops a service that collects data and provides companies with analytics and insights. Its system is designed to optimize web and mobile customer experiences, identify information technology (IT) performance issues, and direct real-time customer support.
- Gong.io created a system to enable sales teams to get the unfiltered truth about their customer interaction. Its technology provides sales representatives with real-time insights by analysing recorded phone calls to track keywords and topics within a conversation.
- Moovit with 775 million people using its public transit navigation app, available in 45 languages, 3,100 cities, and 102 countries. Moovit’s business model includes providing municipal authorities with user-gathered data to help improve their city’s public transportation system.
- Namogoo– One of the most miserable current blac- hat trends are customer journey hijacking, where malicious players replace ads on legitimate websites with their own. Israel-based Namogoo Technologies Ltd. seeks to protect its clients from losing business in this way.
- Riskified develops products for online retailers that utilize machine learning algorithms and user behaviour analytics to prevent account takeover, monitor payments, and detect fraudulent transactions.
- Syte develops image recognition software capable of providing shopping suggestions based on images uploaded by users. This allows shoppers to input an image of certain styles, fashion items, or furniture design they like and receive suggestions for similar-looking products.
- Papaya Global’s technological solution replaces companies’ traditional payroll assignments with a single, easy to use platform. It allows multinational companies to oversee their wage management while taking into account various regulations depending on the worker’s geographic location.
- Rapyd develops infrastructure for payment services and offers a payment service that enables the transfer of electronic funds across borders through bank transfers, digital wallets, cash, and other means of payment.
- Tipalti offers its cloud-based payment automation service to medium sized companies that need to focus on growth and require an easy to operate solution for managing suppliers.
Disruption caused to global supply chains by the Covid-19 pandemic could enable ambitious Israeli start-ups to seize new opportunities to grow, according to a leading industry expert. In the current era of E-Commerce and rapid delivery, supply chain logistics have become a critical element in business operations, capable of determining whether major corporations thrive or fail.
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