Efi Arazi is widely considered to be the father of Israel's high-tech industry for his role with Scitex. In the late 1960s, Arazi also worked with NASA while studying at MIT, developing the camera used to broadcast the Apollo 11 moon landing in 1969. Upon returning to Israel in 1968, Arazi founded the Scitex Corporation, which developed the first digital prepress computer and CCD scanner in the world.

Arazi served as chairman, president, and CEO of Electronics for Imaging (EFI) from 1988 until 1994, guiding the business from modest beginnings. Under his leadership and technical guidance, EFI launched Fiery®, the printing industry's first color server, in 1991.

He was also involved in a number of other start-ups, and was a big influencer in the development of technology in Israel. He received the 1997 Edwin H. Land Medal "for his new and original computer controlled data processing procedures and equipment in the fields of image motion stabilization, textile design and manufacture, and prepress operations of the printing industry."

Arazi died on his 76^th birthday in 2013.