Cybersecurity hit most as tech investment plunged in 2022
Start-Up Nation Central (SNC) and IVC Research - Leumitech have summarized the sharp downward trend in startup financing rounds in Israel in 2022, especially in the second half of the year.
Newsrael News Desk 11.01.2023
SNC found that the total volume of investment in Israeli startups in 2022 plunged by almost 50% from a record $27 billion in 2021 to $15.5 billion in 2022. SNC said that this reflected a global trend with Silicon Valley based startups attracting 40% less investments in 2022 compared with 2021.
SNC data shows that Israel's cybersecurity sector was hit hardest with a decline of 60% between 2021 and 2022 in the amount raised.
Source - Globes/Twitter - Image - Shutterstock
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