In 2024 Israeli cybersecurity companies raised investments, which totaled $4 billion and more than doubled the figure recorded in 2023.
The mentioned information was published on Tuesday, January 7, by global venture capital firm YL Ventures.
Cybersecurity has become a fast-growing segment of Israel’s high-tech sector, which is one of the main drivers of the country’s economic growth. The mentioned sector accounts for 20% of economic activity, 16% of jobs, and more than half of exports.
In its State of the Cyber Nation Report, YL stated that it, despite the geopolitical instability, predicts the expansion of Israel’s influence in the cybersecurity area from a hotbed of exceptional security solutions to widespread recognition of the country’s cybersecurity startups as dominant global market leaders.
Last year, 89 funding rounds were held in Israel, 50 of which were seed or early stage.
It is worth noting that against the background of the active development of technologies, including artificial intelligence, the issue of cybersecurity is becoming increasingly relevant. For example, fraudsters have access to AI tools, which is why their activities are sophisticated. To counteract the corresponding threat in the cyber environment, personal awareness of users is important. For example, a query in an Internet search engine, such as how to know if my camera is hacked will allow anyone to receive information about signs of unauthorized access to the device. Digital literacy is an effective tool for combating cybercrime.
