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A new map of the Israeli cybersecurity ecosystem is just the latest confirmation that the country has become a dominant player in this increasingly critical industry.
YL Ventures, an Israeli seed-focused venture fund, today released its first CyberMap. The interactive dataset is an attempt to quantify — on an ongoing basis — the surging startup scene in the region.
A quick scan of the dataset, which lists 166 startups, shows that 16 of those have each raised more than $50 million in venture capital and another 18 have raised more than $30 million.
The map was released to coincide with the Cyber Week conference being held this week in Tel Aviv. While the map is a new tool, YL Ventures has been tracking various sectors of the Israeli startup scene for years.
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Earlier this year, the firm reported that Israeli had a staggering 2017, with exits bringing in a total of $1.3 billion. Deals included Symantec buying up Fireglass and Skycure; Hexadite being acquired by Microsoft; and LightCyber selling to Palo Alto Networks. In addition, ForeScout held an $800 million IPO.
With cybersecurity attacks exploding, and the world facing a drought in cybersecurity talent, Israel will likely continue to be targeted by international investors and buyers who want to tap into its vast talent pool.
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