Israel cyber firms raise $4 billion in 2024 on surge of cloud, AI security needs

Israeli cybersecurity firms raised $4 billion in 2024, more than double the previous year, driven by cloud security and AI growth, according to YL Ventures. Despite geopolitical challenges, Israel's cybersecurity sector is expanding, with global VCs increasing early-stage and growth round investments. Military service disruptions due to the October 2023 Hamas attack influenced the sector's adaptability.