Israel Cybersecurity Firms Raise Record $3.4B, 41% Of Global Sector Investment

This article was first published by The Times of Israel and is re-posted with permission

In the first half of the year, Israeli cybersecurity companies raised $3.4 billion in 50 deals and seven of them became unicorns, or private companies valued at over $1 billion, the Israel National Cyber Directorate said.

The money raised in the first six months of this year exceeds the sum raised by Israeli cybersecurity startups in the whole of last year, itself a record-breaking $2.9 billion, the directorate said. The half-year figure accounts for 41% of the total funds raised by cybersecurity firms worldwide, and is three times the amount raised in the same period a year earlier, the data shows.

More than a third of worldwide cybersecurity unicorns are Israelis, the data showed, with some 13 in Israel out of 30-33 globally, the directorate said. In the first half of 2021, there were 18 acquisitions of Israeli cybersecurity firms, for a total of $2.2 billion, the data showed.

The data comes as Israeli founded cybersecurity firm SentinelOne on Wednesday held an initial public offering of shares, raising $1.2 billion at a massive $9 billion valuation, touted as the largest IPO by a cybersecurity firm.

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