HLS & Cyber sector in Israel
Israeli Cybersecurity Market
The Equifax breach, WannaCry, NotPetya, the NSA leak, and many more cyber incidents – 2017 was certainly a busy year for hackers, illustrating yet again just how vital innovative cybersecurity solutions are in the fight against cyber threats.
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Second only to the U.S., in terms of cybersecurity investment 2017 was another excellent year for Israeli cybersecurity startups, with dozens of companies being formed, breaking fundraising records and producing solid exits.
The 2017 data also suggest that the Israeli cybersecurity industry is maturing, as we see a shift in funding towards later stage companies
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The global cybersecurity incursions of 2017 illuminate the continuing role that innovation plays in information security and defense.
Looking forward to 2018, we believe Israeli startups will continue to leverage the immense pool of local talent to build comprehensive solutions addressing global markets.
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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.*
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Israeli HLS Market
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Israel is a well-developed and sophisticated market for homeland security (HLS) equipment and services. High level of security-awareness and preparedness are the driving forces for the development of the country’s cutting edge security industry, which results in making it one of Israel’s high-growth export industries.
Israel has about 600 exporters of security technologies and services, including many integrators and service providers. The HLS industry's annual sales of equipment and services are estimated at $1.5 billion, with exports exceeding 70 % of this amount.
Some of the HLS industry solutions are considered part of the defense sector.
In 2016, military exports totaled $6.5 billion, an increase of $800 million (which is 14 %) over 2015.
Worth to notice thet 8 % of total defense exports consisted of cyber systems and intelligence and information systems.
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The continued maturation and evolution of the Israeli HLS and cybersecurity startup ecosystem will soon be on full display at 5th Israel HLS & Cyber Conference, taking place in Tel Aviv, November 12-15, 2018.
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Feel free to contact the Warsaw Commercial Department of the Embassy of Israel in Poland in order to learn more about possibilities of participation in the event:
katarzyna.dzidt@israeltrade.gov.il
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*source: www.YLVentures.com
YL Ventures is a global venture capital fund with offices in San Francisco and Tel-Aviv, focused on seed-stage, B2B companies mainly around cyber security, autonomous vehicle technologies, and enterprise software in general.
We have seed-invested in such winners as ClickTale (exited), Seculert (acquired), BlazeMeter (acquired), FireLayers (acquired), Hexadite (acquired), Twistlock, Karamba Security, Axonius and Medigate, all leaders in their fields.
YL Ventures accelerates the evolution of portfolio companies via strategic advice and US-based operational execution.
