Israel Has World’s Second-Highest Concentration Of Cyber-Defense Firms
This article was first published by The Times of Israel and was re-posted with permission.
Israel has the second-highest concentration of cyber-defense companies in the world after the US, a new report shows.
The report by New York data firm CB Insights lists the nine most influential sectors of cyber-security innovation in 2017, and the 30 startups that have pioneering technology and the potential to shape the future of cyber-security.
The tech companies were assessed on a number of categories, including quantum encryption, deception security, automobile security, Internet of Things security, cyber insurance, mobile security, autonomous systems, critical infrastructure security and predictive intelligence.
Three Israel-based companies are mentioned in the report.
Argus, which has raised $30 million to date, protects private and commercial vehicles from cyber-attacks, whereas Tel Aviv-based Indegy, which has raised $18 million, according to the report, has created a software that protects critical infrastructures from cyber-attacks.
Illusive Networks, specializing in cyber protection and the use of deception technology, has raised some $30 million from investors, including Microsoft Ventures and Bessemer Ventures.
The three biggest investors in cyber-defense firms in 2012-2016 were Bessemer Venture Partners, Google Ventures and Accel Partners, the report said.
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