In 2024, around 300 security startups secured over $330 million in Ministry of Defense contracts.
During 2024, approximately 300 security startups received orders totaling NIS 1.2 billion ($331.5 million) from the Ministry of Defense as part of attempts to procure urgent technological solutions for the operational needs of IDF units during the war in Gaza and Lebanon.
Most of the orders, totaling over NIS 320 million ($88.4 million), were directed to approximately 35 startups whose activities focus on developing technologies for autonomous vehicles. Over NIS 300 million ($82.9 million) were transferred to 18 companies in the cyber field, approximately NIS 240 million ($66.3 million) to companies that develop sensors and detectors, and approximately NIS 135 million ($37.3 million) financed orders from 35 companies operating in the fields of digital and artificial intelligence.
The Hamas attack on the morning of October 7 began with the systematic destruction of the technological defense systems that the IDF had deployed along the perimeter fence in Gaza. This included disabling cameras aimed at the Strip, as well as remotely controlled firing systems, and paralyzing capabilities designed to stream data in real-time from the field to commanders in nearby bases.