Israel is second only to the United States as the largest exporter of cyber products.
- Israeli companies exported some $6 billion (USD) in cyber-related products and services last year, a peak figure which surpasses the amount of Israeli defense contracts signed in 2014, according to the Cybersecurity Review, which is published by Delta Business Media in London. The latest data from Israel’s National Cyber Bureau (NCB) shows a surge in cyber exports from $3 billion (USD) in 2013 to $6 billion last year. According to NCB, that constitutes about 10 percent of the global cyber market.
- Globes Online, an Israeli business news media property, reported that figures collected by the Israel Export and International Cooperation Institute show that over 200 cyber security companies are operating in Israel in a field that is growing at 8 percent a year. Their main market is the U.S., and most of the technologies exported there are designed to protect government, military, and financial infrastructure, in addition to protection of strategic facilities.
- Eviatar Matania, Head of the Israeli National Cyber Bureau in the Prime Minister office of Israel, was at the U.S. Chamber of Commerce speaking to The Wall Street Journal about the future of cyber security, where he said investors have poured $500 million into Israeli cyber security startups in the past few years.
- “The Israeli cybersecurity market is a very exciting and dynamic market with hundreds of cybersecurity startups—and new ones crop up every quarter” says Nancy Shapira-Aronovic, Business Development Manager with Gartner Israel, which works with startups in different stages from seed to IPO and connects them with Gartner security analysts – to help them gain exposure to the global security market, and to get input on their go-to-market and product strategies.
There were 8 Israeli Security Vendors recognized as “Cool Vendors” by Gartner
- There were 16 Israeli companies listed on the Q2 2015 Cybersecurity 500 list of the world’s hottest and most innovative cybersecurity companies, which is published by Cybersecurity Ventures. More are expected to be added in Q3 and Q4 2015.
- In a recent VentureBeat article, Jerusalem Venture Partners (JVP) stated that the last couple of years have demonstrated that significant public companies are being created in the cyber-security space in Israel, from Imperva to Varonis to the most successful Israeli IPO of 2014 – CyberArk.
- Glilot Capital Partners, an Israel-based venture capital fund investing in early-stage cybersecurity and enterprise software start-ups, recently announced the successful closing of a $77 million fund. “The fund places a strong focus on “rule-breaking” companies in the cyber-security and enterprise software spaces, with a lean expense structure and a rapid time-to-market.
- “Based on our research, more than 150 cyber security companies were founded in Israel since 2012,” stated Yoav Leitersdorf, Managing Partner at YL Ventures, a San Francisco-based venture capital firm that is focused on cyber security and invests primarily in Israeli companies, in a press release from The California Israel Chamber of Commerce (CICC).
- “The increased activity in the M&A of Israeli cyber security companies has shown the technological competitiveness of Israel in the hyper growth security market. We believe this is only the beginning and we will see large substantial cyber security companies emerge out of Israel” stated Ronen Nir, General Partner at Carmel Ventures, in a press release from CICC.
- Microsoft? ?(Redmond, Wash.)? ?has signed a letter of intent to acquire Israeli cloud security firm Adallom for $320 million cash, according to The Wall Street Journal?.
- The California Israel Chamber of Commerce (CICC) announced that more than 40 cyber security companies from the Israeli high-tech hotbed – a record number of companies from Israel – were showcasing their technology at the RSA Conference 2015, held earlier this year in San Francisco.
- Cyberweek (held last month) and CyberTech (Jan 26-27, 2016) are the nation’s two major cybersecurity events held annually which have significant international participation, according to Nancy Shapira-Aronovic, Business Development Manager with Gartner Israel.
Edited by Stefania Viscusi