Investments in Israel’s tech sector dropped by nearly half in 2022, reflecting a global economic slowdown, a nonprofit group reported Tuesday.
Startup Nation Central, which tracks the industry in Israel, said the total value of investments in the tech sector sank from an all-time high of $27 billion in 2021 to about $15.5 billion last year. The tech industry accounts for more than half the country’s exports, according to official data.
