VC funding for cybersecurity companies in Israel on pace to nearly double this year


With cybersecurity investment spiking to never before seen levels, it is easy to become singularly focused on the large amounts of money U.S.-based companies are seeing.

While it is true U.S.-based security firms have received unprecedented levels of funding, Israel—the second-largest cyber startup market in the world—likely also will nearly double total venture dollars raised this year.

Cyber companies in that country have raised about $1.6 billion to date this year, according to Crunchbase data, smashing last year’s record of $1 billion thanks to some huge funding rounds.