Israeli Cybersecurity Exit Deals Surge to $7.1 Billion in 2023, Dominating Tech Sector

Israeli Cybersecurity Exit Deals Surge to $7.1 Billion in 2023, Dominating Tech Sector

A report released on Sunday unveils a remarkable 65% surge in Israeli cybersecurity exit deals in 2023 , soaring to $7.1 billion, exceeding half of the total tech sector exit deals. The findings underscore the pivotal role of cybersecurity in Israel's flourishing high-tech industry. Despite a slight dip in overall tech sector exits, totaling $11 billion compared to $13.5 billion in 2022, cybersecurity exits witnessed a substantial increase from just $2.5 billion the previous year. This surge is attributed to Israel's growing reputation as a global leader in cybersecurity, with many of its 522 cyber firms stemming from military origins. In the first quarter of 2024 alone, there were 8 exits totaling $1 billion, signaling a robust continuation of the trend observed in 2023. Cybertech founder, Amir Rapaport, emphasized the resilience of cyber firms, serving as a cornerstone of Israeli innovation even amidst security tensions. Rapaport highlighted the escalating global cyber threats, …

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He’s the founder and publisher of Mainwaves Digital Media Group, the parent company of Capitalist Ledger, School Magazine (SCHLMAG) and Mainwaves. linkedin email youtube twitter-x

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