‘Israeli cybersecurity will continue to a big part of the solution to our global cyber-security challenges.’
As published in Israel21C;
Israel’s role in the global cybersecurity sector has been touted many times by local and international technology experts.
Now, a new interactive map is giving interested parties an unprecedented behind-the-scenes view of the growing industry.
Israeli startup Weave released the interactive map — showing venture-backed cyber-technology startups and their ties to funds – at the 2016 International Cybertech Conference in Tel Aviv.
Hundreds of delegations from across the globe are in town for the January 26-27 event, said to be the second-largest exhibition of cyber technologies worldwide.
“The map gives the user an overview of the industry. The user can see the importance of the chief scientist, as well as the positions of other players in the industry. The map shows 173 companies backed by VCs and other major investors,” says Weave CEO Or Riegler.
Users can click on “investors” or “companies” and find out all about the startup’s history, including when it was founded, who is funding it, and the sub-sector of cybersecurity it addresses.
The map went live alongside a new report on the Israeli cyber industry released by the IVC research center that presents information about leading investors in cybersecurity, an overview of active companies by stage and annual growth rate, a case study of multinational corporations and cyber exits in the field.
The report shows that of the 430 active companies in the Israel cybersecurity industry, the vast majority are privately owned; only 19 are public companies in the cluster. The majority of companies (55 percent) are generating revenues, with 9% of companies generating more than $10 million in revenues annually.
Investments in the Israeli cyber industry are visible in early and later stages alike, the map shows.
“The Israeli investment community is focusing on ‘outside the box’ solutions, which can help turn companies into global market-leaders. The talent here is world-class and Israeli cybersecurity will continue to a big part of the solution to our global cybersecurity challenges,” says Gadi Tirosh, Managing Partner at Jerusalem Venture Partners (JVP).
The interactive cyber map shows everyone from government through accelerator programs investing in Israeli cyber solutions.
“Unlike other sectors within the Israeli high-tech industry, the cyber cluster today is packed with a wide range of players in various stages. The Israeli government through the Office of the Chief Scientist, the bilateral funds and incubators program, the venture capital funds and angels, the corporate and accelerator programs – all are actively looking for opportunities to engage with leading cyber companies,” says IVC head Koby Simana.
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