Key Takeaways from Startup Nation Central’s Industry 4.0 Report

Startup Nation Central – an independent non-profit organization that connects Israeli technology innovation with global companies around the world- published a comprehensive report of the Industry 4.0 sector.

Background

According to the report, the global market for Industry 4.0 solutions grew to almost $90B in annual revenues in 2018 with an expected 20% annual growth over the next five years. 

With this is mind, the market for Industry 4.0 involves various solutions and different financial trends. We’ve listed our key highlights from this report: 

Israel acts as the main hub for Industry 4.0 innovation 

According to the report, Israel has core technology hub for industry 4.0, with increasing attention from global players, and 230 industry 4.0 related companies. As far as venture investments, total funding jumped from $253M in 2017 to $365M in 2018, a 44% increase. 

See figure below:

Source: Startup Nation Central

Operation Optimization is the major subsector

Operation Optimization, defined as “Solutions that increase yield, decrease the consumption of raw materials or energy, and enable a faster time to market” consists of 58 companies. It  attracted the largest amount of investments, with eight rounds in 2018.

Seebo is a key player in the Israeli Industry 4.0 ecosystem

Seebo, specializing in Industrial IoT, enables process manufacturers to predict and prevent unexpected process inefficiencies that damage production yield and quality. Seebo is among a respectful number of Industry 4.0 companies in Israel, a number that has increased by almost 60% since 2014. Yet, Seebo is one of the top 5 searched IIoT companies (among 200+ others) and is a key player in the global Industry 4.0 ecosystem.

To learn more, download the full report here.