Base44, an Israeli startup, was acquired by Wix for $80 million just six months after its inception, exemplifying the new era of accessible entrepreneurship driven by no-code and AI technologies.

Information on the Target

Base44 is an innovative Israeli startup that has astoundingly built a multi-million dollar enterprise within just six months. Founded by 31-year-old Maor Shlomo, Base44 diverged entirely from traditional Silicon Valley norms. It achieved remarkable milestones, including generating $3.5 million in revenue and $189,000 in profit, all without external investment or a sizable team. The company ultimately attracted the attention of Wix, a global leader in website creation, and was acquired for an impressive $80 million, reflecting a remarkable 23x revenue multiple.

Base44's core offering enables anyone, regardless of coding experience, to convert their ideas into digital products. This innovative approach aligns with contemporary technological advancements, particularly in artificial intelligence and the emerging tools that facilitate no-code and low-code development practices.

Industry Overview in Israel

Israel's tech industry is a cornerstone of its economy, often referred to as the “Startup Nation.” With a vibrant ecosystem supporting innovation, the country boasts one of the highest numbers of startups per capita globally. The rapid adva