The state of Israel’s cybersecurity market
Summary
This is Israel’s fourth consecutive year of increasing round sizes at the seed stage – a trend that we are observing and contributing to as we write larger checks to invest in great cybersecurity entrepreneurs.Medical device protection is a newly emerged category this year, and we have seen several startups, including Medigate , that are focused on helping healthcare organizations secure themselves from the growing number of targeted attacks.While 2017 certainly saw a healthy M&A exit market, it also worth mentioning that ForeScout went public at over $800 million, a meaningful evidence of the Israeli ecosystem’s ability to produce large standalone cybersecurity companies.As the local industry matures, we anticipate that recent trends will continue in 2018, with fewer startups forming, while large amounts of capital pour into later rounds to fuel growth and expansion.The continued maturation and evolution of the Israeli cybersecurity startup ecosystem will soon be on full display at Cybertech Israel , the largest annual conference of cyber technologies outside the United States, taking place this January in Tel Aviv.
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