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

28/10/2021

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.

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