FalkorDB has been recognized as HackerNoon's "Startup of the Year 2024" for Tel Aviv, surpassing over 14,000 Israeli startups based on community impact, technical advancements, and real-world application. As an open-source property-graph database, FalkorDB's engineering team has introduced significant features such as sparse-matrix storage, AVX-powered query execution, and multi-tenant clustering, maintaining a sub-10 ms P99 latency on graphs with billions of relationships. These innovations have been embraced by developers for applications like fraud analytics, security mapping, and knowledge-graph retrieval without necessitating changes to existing application logic. CEO Guy Korland emphasizes a benchmark-first approach to development, ensuring high performance and reliability. HackerNoon's annual awards, which attracted over 400,000 developer votes globally, have previously honored startups like PostHog, Supabase, and Temporal.