January 30, 2018
In 2017 the Israeli cybersecurity sector solidified its position as a global player, raising $814.5 million in venture capital and private equity investment –a record-breaking amount for the third year in a row, exceeding 2016 investments by 28 percent, according to new data released by Start-Up Nation Central, which tracks the Israeli tech ecosystem.
Israel’s cybersecurity industry comes second only to the US, and accounts for some 16% of overall cybersecurity investments worldwide, slightly increasing its share from 2016, when its share was 15%, the nonprofit organization said in a report released at the start of the Cybertech Conference, which runs Monday through Wednesday in Tel Aviv.
Last year also saw a growth in the activity of foreign investors, who participated in two of every three funding rounds of Israeli cybersecurity companies in 2017. There were 14 exits totaling more than $1.4 billion in 2017, exceeding the number and value of exits by Israeli cybersecurity companies in 2016.
In 2017, the Israeli cybersecurity industry continued to be attractive to multinational companies, 30 of whom have cybersecurity-related R&D centers in Israel in a variety of areas including automotive systems, financial security and internet.