Cybertech Global TLV: Over 50% Surge in Capital Raised by Israeli Cyber Companies in 2024, Despite Decline in Deal Numbers
With new data from Cybertech Global and IVC, Israel’s cyber sector shows continued growth and innovation, despite challenges. This data is shared ahead of the world-renowned Cybertech Global event in Tel Aviv, March 24–26
Amir Rapaport, Cybertech founder (photo by Cybertech)
The state of Israel’s cyber landscape: Against the backdrop of the landmark Israeli cyber deal—Alphabet's (Google) acquisition of Wiz for $32 billion—the largest transaction in the country’s history and the biggest exit for an Israeli company, Cybertech Global and IVC are releasing new data reflecting the current state of Israel’s cyber market.
The data is being published ahead of the 12th edition of Cybertech Global Tel Aviv, one of the world's largest cyber gatherings and Israel's biggest international event in 2025. The conference will take place next week (March 24–26) at Expo Tel Aviv, in collaboration with the Israel National Cyber Directorate (INCD), the Israeli Ministries of Economy and Foreign Affairs, and the Tel Aviv Municipality, and Ben-Gurion University of the Negev as an academic partner.
According to data from the Cybertech Global and IVC report, the cyber sector continues to lead Israeli high-tech. Despite the war, capital raised by Israeli cyber companies surged in 2024, reaching $3.79 billion—a 56% increase compared to 2023, when total funding amounted to $2.42 billion.
In 2024, the average capital raised per deal in Israeli cyber was $32.67 million. When examining the breakdown by funding rounds, it appears that 58 deals were made in the Seed round in 2024, representing a 9.5% increase compared to the previous year. This indicates growth in the entry of new companies into the field.
In the Series A round, 23 deals were made, reflecting an approximate 21% decrease compared to 2023. This may signal challenges or a slowdown in moving to the next funding stage. In the Series B round, only 14 deals were made, marking a significant decline of approximately 36%, indicating difficulties in securing intermediate funding. In contrast, in the Series C round, 7 deals were made, a 40% increase, indicating continued development of more established companies. In advanced funding rounds (D and beyond), 14 deals were made in 2024, also a roughly 40% increase, reflecting the maturity of older companies that continue to solidify their positions.
The total exits of Israeli cyber companies in 2024 amounted to $4.39 billion, a decrease of about 37% compared to 2023, when the total was $7.1 billion. This decline occurred despite a slight increase in the number of exits, rising from 24 to 26 exits compared to 2023. The vast majority of exits were in M&A transactions (an 8% increase compared to the previous year), with only one exit through an IPO, a slight increase from last year, when there were no IPOs at all.
546 cyber companies were registered as active in 2024 in Israel, an increase from 522 companies in 2023. Most of these companies are in the early revenue stages (300 companies), with the rest in research and development stage (115 companies), growth (with annual revenues of $10 million or more – 100 companies), and Seed (31 companies). The vast majority of cyber companies focus on the software sector (94%). The high number of small companies in the field (28% of companies, with 10 or fewer employees) reflects the entrepreneurial nature of the sector, alongside challenges in transitioning to the growth stage.
Journalist and Cybertech Founder Amir Rapaport explains: “Cyber continues to attract the majority of foreign investments in Israel and remains the true driving force of the high-tech sector. This is because it is the only field in which Israel is a true global powerhouse, rather than ‘just’ an important player. The number of cyber companies in Israel is second only to the United States.
“This strength will continue to foster leading cyber technologies in the coming years. Cybertech was launched in the right place at the right time—Tel Aviv in 2014—and as a result, it has become a central meeting point for top cybersecurity leaders in Israel and worldwide. It also serves as a platform for groundbreaking innovation at Israel’s largest international event and one of the world’s biggest cyber gatherings.”
Cybertech Global Tel Aviv 2025 will take place next week, March 24–26, at Expo Tel Aviv (Pavilion 2). Thousands of attendees from Israel and abroad are expected to participate, including delegations from 52 countries, senior executives from the local and global cyber industry, hundreds of top-tier speakers across various cybersecurity fields, leading investors from venture capital funds and central banks, prominent researchers, and key opinion leaders in the cyber world. Alongside the main conference plenary and special events, the event will feature a comprehensive exhibition showcasing leading international companies and groundbreaking startups.
A diverse lineup of speakers is set to take the main stage for cross-disciplinary discussions and lectures in the field of cybersecurity, including:
Isaac Herzog, President of the State of Israel; Nir Barkat, Minister of Economy and Industry; Gaby Portnoy, former Director General of the Israel National Cyber Directorate; Félix A. Barrio Juárez, Head of Spain’s National Cybersecurity Institute; Luigi Rebuffi, senior official at ECSO; Bob Flores, former Chief Technology Officer of the CIA; André Loesekrug-Pietri, Chairman of JEDI; Esti Peshin, General Manager of the Cyber Division at Israel Aerospace Industries (IAI); Nati Amsterdam, Country Manager of NVIDIA Israel; Nadav Zafrir, CEO of Check Point; Cristina A. Roque, Secretary of Industry and Trade of the Philippines; Hagai Itkin, former Head of Technology at the Mossad; and many others.
Founders, senior executives, and cybersecurity professionals from leading companies in the global cyber ecosystem are also expected to participate in the exhibition and main plenary sessions. These include Cisco, Splunk, Palo Alto, Exclusive Networks, Infoblox, Trellix, Nozomi Networks, ManageEngine, Akamai, Symantec, Cyera, ELNET, Oracle, Trend Micro, and more. Additionally, top investors from leading venture capital firms such as Merlin, YL, Viola, and Glilot Capital Partners will take part in various events.
As with every Cyberetch event, Cybertech Global Tel Aviv 2025 will include and showcase significant innovations and in-depth analyses of the latest and most pressing developments in the global cyber landscape. The main plenary, along with special and industry-focused events, will include discussions, panels, and lectures addressing challenges, opportunities, and solutions in the cyber domain.
A wide range of topics will be covered, including AI and cyber, quantum technology, space security, healthcare security and innovation, maritime cyber, cloud security, national and international cyber defense, cyber entrepreneurship, investments, 5G & IoT, influence warfare and reality shaping, building an international cyber ecosystem, global cooperation in the cyber era, supply chain security, crisis management, infrastructure protection, and more.
Cybertech Global is held as part of the Tel Aviv Tech Week. On Wednesday, March 26th, the third day of the event, the joint sessions of Cybertech and Sparks Innovation Summit will begin, with the latter taking place across Tel Aviv until March 28th.
