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Israel cybersecurity firms raise record $3.4b, 41% of global sector investment timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.
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. ....
Israeli cybersecurity investments jump 70% due to Covid-19 Israel’s cybersecurity industry accounted for 31% of global investments in the sector in the last year, second only to the United States. Photo by Philipp Katzenberger on Unsplash The novel coronavirus has prompted unprecedented cybersecurity threats in all parts of the economy, says Roi Yarom, head of industry empowerment at the Israel National Cyber Directorate. Israel’s cybersecurity startups have jumped to the challenge – and in tandem posted a 70 percent growth in funding for 2020, raising a record $2.9 billion in 100 transactions. Israel’s cybersecurity industry accounted for 31% of global investments in the sector in the last year, second only to the United States. ....
Industry accounts for 31% of global investments in cybersecurity sector, second in world, National Cyber Directorate says; Israel has 33% of global sector unicorns ....