Israel tech companies keep selling below the $500 million mark, but experts in Tel Aviv think IPOs could heat up in 2019.
announced its $300 million-plus acquisition of Dynamic Yield, an Israeli startup that uses algorithms to personalize shopping experiences to the individual.
McDonald's isn't an obvious tech acquirer, but its recent purchase fit the Israeli exit model to a T.Fast food chains aren't known for their software-as-a-service offerings, and cheeseburgers aren't even kosher. But at $300 million, Dynamic Yield's sale fit perfectly into the Israeli tech scene's template for a successful outcome.
While founders and investors in Silicon Valley pursue $100 million venture capital rounds at billion-dollar valuations, their peers in Israel — affectionately dubbed the"51st state" — tend to eschew hypergrowth and world-domination for the security of a corporate parent company.
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