In 2021, the Israeli cyber security business continued its upward trend, breaking records in every field.
According to data acquired and analyzed by the Israel National Cyber Directorate (INCD), the number of funds raised by Israel’s cyber security business more than tripled between 2010 and 2020, reaching a record high of around $8.8 billion.
According to the data, the Israeli cyber business raised $8.8 billion in 2021 through more than 100 distinct transactions, more than double the amount raised the previous year.
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Additionally, four Israeli cyber security IPOs occurred in 2021, as did 11 new Israeli members of the coveted Unicorn club, defined as companies valued at more than $1 billion.
According to the findings, Israel is home to one of every three cyber security unicorns in the world.
Israel’s investment is increasing in comparison to the rest of the world: 2021 saw over 40 acquisitions of Israeli enterprises by domestic and foreign corporations worth an estimated $3.5 billion.
Israel accounts for over 40% of private global investment in cyber security fundraising rounds. According to the Israeli Export Institute, total cyber exports are expected to reach $11 billion in 2021.
“The Israeli cyber sector ended up another record-breaking year in which it demonstrated that it is not just a powerful economic engine in Israel, but also a pillar of the worldwide cyber security innovation ecosystem,” said Roi Yarom, INCD Director for Economy and Growth.