Israel’s cybersecurity industry has had an outstanding year, setting new records in a number of fields, the Israel National Cyber Directorate (INCD) reported last week. The sector raised a record $8.8 billion in 2021, tripling the amount raised in 2020. The money was secured in 131 deals.
Records were also set in cyber exports, acquisition deals and the number of cybersecurity firms that became unicorns after raising funds. Eleven of the companies that raised money in the past year became unicorns or privately-held companies at over $1 billion, the directorate said, JPOST (Jerusalem Post) reports.
According to the data, one out of every three cybersecurity unicorns in the world is an Israeli company.
The data also showed the annual 2021 figures account for 40% of the total funds raised by cybersecurity firms worldwide this year. According to the Israeli Export Institute data, overall cyber experts were $11b. in 2021, according to the INCD data.
