CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2025-01-07 18:30:33

Israeli cyber firms secured $4 billion in 2024 driven by cloud and AI security demand

Israeli cybersecurity companies raised $4 billion last year, doubling the previous year’s total with companies that offer cloud security needs and AI growth, as per YL Ventures. This was a big jump in overall global venture capital investments and put Israel at the forefront of cybersecurity innovation. Cybersecurity is at the center of it all. According to Reuter’s report , the Israeli cybersecurity sector contributed 20% to the economy, 16% to jobs, and over half of its exports for the year. YL Ventures’ “State of the Cyber Nation Report,” published on Wednesday, indicated that Israel is becoming influential, and even if it faces geopolitical challenges, its startups will move from being strong contenders to becoming global leaders. Israel’s growth stage rounds raised $2.9 billion in 2024 Israel recorded 89 funding rounds in 2024, including 50 early-stage rounds of fundraising, of which $400 million were raised. Dramatic increases were seen in growth stage rounds (Series C and beyond), with 16 rounds raising $2.9 billion, three times the 2023 total of $888 million raised by 68 rounds. By comparison, 2023’s total funding for cyber firms was $1.89 billion. Also, in the statement, YL Ventures partner Andy Ellis noted that global VCs are ready to invest in much earlier rounds, enabling seed rounds to continue in force and increasing growth-stage investments. He anticipates that Series A, B, and C rounds will be picked up in 2025. According to Ofer Schreiber, head of YL’s Israel office, the practical, entrepreneurial culture is credited in part to Israel’s elite military intelligence units. Still, he said that challenges remain after the October 7, 2023 Hamas attack. He said, “Founders needed to rally to ensure business and operational continuity in uncertain economic conditions and with a concerned customer base” without the usual contingent of tech professionals being called to military service. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.