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Israeli tech firms pass $250m annual revenue

Several Israeli tech companies have reported annual revenues exceeding US$250 million as they navigate challenges in valuation, funding, and market conditions.

Moon Active leads with US$2 billion in revenue, mainly from its mobile game Coin Master.

Wiz, a cybersecurity firm, achieved US$1 billion and was recently acquired by Google for US$32 billion.

Rapyd also reached US$1 billion in revenue after acquiring PayU and securing a payment license in Israel.

VAST Data hit US$1 billion and is reportedly in talks for a sale to Nvidia.

Navan, formerly TripActions, reported US$750 million and expects to surpass US$1 billion next year.

Other firms like AppsFlyer, DriveNets, and Via reported revenues between US$250 million and US$450 million.

While many companies have seen valuation declines, they are building sustainable models and preparing for IPOs.

The industry is shifting from inflated valuations to revenue-driven growth, with some firms exploring mergers and acquisitions to streamline operations.

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