Innovations & technologies

Full steam ahead as Israel powers fourth industrial revolution

The State of Israel didn't exist during the first and second industrial revolutions, and was just a nascent entity as the third revolution ushered in a new age of information.
Given Israel's modest size, it was never destined to become a global manufacturing power. Yet its technological innovation has turned it into a prominent driver of the fourth industrial revolution, known as Industry 4.0, which is digitizing global production and supply chains.

Israeli start-ups were the third leading recipient of venture capital investments in Industry 4.0 technologies last year, surpassed only by the United States and China. Since 2014, annual investments in the sector have soared from $112 million to $650m., according to data published this week by Tel Aviv-based nonprofit Start-Up Nation Central. Approximately 260 Israeli start-ups are currently active in the field.