Israel signed the second-largest number of cybersecurity deals internationally, according to a report by New York data firm CB Insights.
By: JNS and United with Israel Staff
Israel, the country with the world’s 100th-largest population, signed the second-largest number of cybersecurity deals internationally, according to a report by New York data firm CB Insights.
First place went to the United States, with a massive 69 percent of all global deals between 2013 to 2017.
Israel managed to grab second place with 7 percent, ahead of the United Kingdom with 6 percent, Canada with 3 percent and China with 2 percent, according to the report.
The report selected 29 cybersecurity startup companies considered “high-momentum companies pioneering technology with the potential to transform cybersecurity,” with six of them coming from Israel.
The Israeli firms are:
BioCatch, a startup using behavioral and physiological parameters to detect and prevent fraud;
Aqua Security, which secures virtual container environments, and helps overlap DevOps and IT security;
IRONSCALES, a maker of anti-phishing technologies;
D-ID, which protects users’ faces from unauthorized, automated face-recognition technologies;
Minerva Labs, which fights malware;
Cylus, which helps railway companies detect and prevent cyber-attacks in their operational network.
Last year, only three Israeli companies were mentioned in the CB insights cybersecurity report.
This year’s list did not include tech companies that have not raised funding since 2016.
Israel has developed advanced security protocols, as cyber attacks on Israel have risen exponentially in the past four years, reaching up to two million attacks against crucial Israeli infrastructure on a daily basis.
Israel is considered to be a leading cyber-security powerhouse. Its rise as one of the world’s leaders in cyber security has been boosted by cooperation between the military, government, education, and private sectors, a level of partnership unmatched in the Western world.
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