Israeli Cybersecurity Firms Secure $4 Billion in 2024 Driven by Cloud and AI Demands

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Israeli cybersecurity companies raised $4 billion in 2024, doubling the previous year's total, as they focus on cloud and AI security solutions, according to YL Ventures. The sector has rapidly become a vital part of Israel's economy, contributing significantly to jobs and exports. Despite geopolitical tensions, the report predicts that Israeli cybersecurity startups will gain prominent global recognition, with increased funding activity anticipated in the coming years.

Source: YAHOO

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