Israel’s cyber ecosystem starts with conscripts in specialist military units. Picture Israel Defense Force
Israel s cybersecurity sector continues to thrive, with investments pouring in and exports increasing, according to the Israel National Cyber Directorate, the government agency responsible for advancing the county’s cyber capabilities and ensuring national cyber defense.
The directorate reports that pre-IPO investments in domestic cybersecurity firms totaled $2.9 billion in 2020, up 70% from the previous year. Plus, there were more than 20 acquisitions of Israeli cybersecurity companies last year with a total value of $4.7 billion.
Meanwhile, Israeli exports of cybersecurity products and services hit $6.85 billion in 2020, up from $6.5 billion in 2019, according to the directorate.