Despite the challenges of war, Israel’s cybersecurity sector achieved a record-breaking $4 billion in investments during 2024 according to a report issued by Glilot Capital Partners on Thursday.
The Herzliya-based venture capital fund’s annual report said this more than doubled the $1.85 billion the sector raised in 2023. The funds were secured across 57 deals, compared to 59 deals last year.
“The cybersecurity challenges are far from solved, creating immense opportunities for innovation. We’re also likely to see Israeli cyber companies pursue IPOs and continue acquiring smaller players as they scale,” Glilot Capital co-founder Eric Kleinstein said.
He predicted a sharp rise in cyber startup funding in the coming year, fueled by the ongoing evolution of GenAI.