Dun & Bradstreet, the world's largest business information company, reveals for the ninth time the ranking of the best high-tech companies. The ranking is based on extensive research conducted by Dun & Bradstreet that examined hundreds of high-tech companies and start-ups. Facebook was not ranked this year after choosing not to participate.
As part of the study, HR managers were contacted and a variety of parameters were examined. Among them: the employee's ability to influence, the technological environment, career development and employee retention, employment stability, contribution to the community, the experience of the work environment, salary conditions and diversity and inclusion policy in the company. At the same time, company employees also answered a questionnaire and their satisfaction was examined in the context of employment conditions, professional challenge, ability to influence, work-life balance, and more.
High-tech workers (illustration), photo: GettyImages
In addition, employees and HR managers were asked which in their opinion are the best high-tech companies to work for (regardless of their place of work). The findings of the comprehensive study were weighted into the final rankings.
This year as well, the ranking of the best startups to work for was split into two separate rankings: the startup ranking – up to 2 employees and the startup ranking – over 100 employees, based on the understanding that there are fundamental differences, deriving, among other things, from the different budgets companies have to invest in employees.
Ranking of high-tech companies
This year, 50 companies with more than 37,000 employees in Israel were ranked – Microsoft leads the ranking this year as well. In second place was Palo Alto Networks, which rose from third place, and in third place was ranked monday.com, which made a significant leap in the ranking and rose from eighth place. Also this year, Unity (IronSource) ranked fourth and the top five was closed by SAP R&D Center, which rose from seventh place.
The company that dropped the most was ZipRecruiter, which in the current ranking is ranked 34th compared to the previous ranking in which it was ranked 22nd.
This year, 7 new companies that were not ranked last year in the ranking of the best high-tech companies entered the ranking: Aeronautics, AlgoSec, Align Technology, Cross River, Papaya Gaming and Pluri Biotec. In addition, WSC Sports was ranked for the first time in the ranking of companies, while last year the company was ranked in the ranking of the best startups to work with over 100 employees.
Microsoft (archive), photo: Moshe Shai
Ranking of startups over 100 employees
This year, 20 startups were ranked – Silverfort leads the ranking this year as well, in second place was Pentera, which rose from fourth place, and in third place was ranked HoneyBook. In fourth place was Cymulate, which provides attack simulation and threat testing.
Rounding out the top five is Torq, which jumped from tenth place straight to fifth place.
7 new startups made the list this year:
Carbyne, which develops cloud-based end-to-end software systems for emergency call centers.
Coralogix - which has developed a system that collects and analyzes information that makes it possible to identify malfunctions caused during software development stages.
Imubit - which has developed a system for real-time control of industrial production plants.
Shield – which develops a platform for detecting manipulation and fraud in the capital market.
Vcita - which has developed a versatile tool for managing small businesses under one roof.
LSports – Provides data management products and AI-based support products in the field of sports.
Vulcan Cyber - developed a platform for managing and fixing vulnerabilities that enables security teams in organizations to solve them automatically.
Ranking of startups with under 100 employees
This year, 20 startups were ranked - first place was Theator IL, which developed a platform that records surgical procedures from which it creates short videos and helps surgeons reach the best decision using artificial intelligence. In February 2022, the company raised $15.5 million, and in July 2022, the company raised $24 million in a Series A expansion.
In second place was NoTraffic, which developed a platform based on artificial intelligence that turns the traffic light system into a digital network. In May 2023, the company raised $50 million in Series B.
In third place was Talon Cyber Security, which developed the first secure enterprise browser that safeguards organizations' digital assets. In August 2022, the company raised approximately $100 million in Series A.
In fourth place was Cynerio, which deals with the management and security of medical devices and IoT devices in hospitals. In May 2021, the company raised $30 million in Series B.
Rounding out the top five is Ibex Medical Analytics, which develops systems for detecting and diagnosing diseases using artificial intelligence. In March 2021, the company raised $38 million in Series B.
Start-up offices (illustrative), photo: Coco
Breakdown by branch of activity
In the ranking of the best high-tech companies to work for, the percentage of companies operating in the Software Development industry is the highest among the industries, standing at 34%. In second place is the cyber industry, which stands at 16%, while in third place is the ad tech industry, which stands at 8%. In fourth place is Fintech, which stands at 6%, and in fifth place is gaming, Internet, and e-commerce, which each stands at 4%.
Ranking the best startups to work for, the percentage of startups operating in the cyber industry
It is the highest among the industries, at 35%. In second place is Software Development, which stands at 18%. In third place is Fintech, which stands at 13%. In fourth place is the Internet industry, which stands at 5%, and in fifth place is gaming, which stands at 3%.
It can be seen that the cyber industry occupies a larger share in the startup ranking - 35% compared to 16% of high-tech companies. On the other hand, the Software Development industry occupies a larger share in the ranking of companies with 34% compared to 18% in the ranking of startups.
Yael Belgrai-Cohen, Director of High-Tech at Dun & Bradstreet: "The ranking of the best high-tech companies to work for is published this year for the ninth time. This year, the ranking was revealed against the background of the war. Only in the last three years, the industry has dealt with the COVID-19 crisis, the global crisis in the industry, the legal reform and now the war. We are witnessing a deepening crisis in the industry, which affects a drop in recruitments and exits and leads to a decline in the number of new startups being established. At the same time, we saw the companies' commitment to the national effort, the support for the workers, and the assistance to the home front – all of which are reflected in the ranking. We have seen that these days employees are proud of the workplace that supports them and helps the home front during the crisis.
After a decade of highs and record-breaking, starting in the second half of 2022, the high-tech industry began to change and the period was characterized by uncertainty. 2023 also continued the trend and was a year in which investments in the capital market were few and experienced a slowdown in startup fundraising. As a result of this and a global slowdown, investors demanded that companies show business results and become more efficient.
Israeli high-tech entered the war period at a low not seen in years. The crisis that preceded the war in the high-tech industry affected most companies, and as a result we saw companies that laid off employees, cut jobs, cut wages, and even in some cases, despite the cuts, companies were forced to close certain departments and some even closed in practice. In more creative cases, companies preferred to keep employees within the company and moved them between departments through specialized training that allowed them to lay off as few employees as possible. The Iron Sword War began immediately after the holidays, a time when many companies planned to continue implementing streamlining and reduce some employees, but the war postponed the layoffs. The companies were forced to deal with a new reality in which many employees were recruited for Order 8, educational frameworks were reduced and parents stayed home with their children. In addition, many employees experienced impaired mental resilience that affected their daily functioning.
IDF forces in ground operations in the Gaza StripIron Swords 2023, photo: IDF Spokesperson
It can be seen that there is concern that the strong image of Israeli high-tech will be damaged in the eyes of customers and investors around the world as a result of the war, and of the fear of an escalation in the fighting and extensive reserve mobilization for a long period of time, as well as as the result of growing anti-Semitism."
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