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Israel's Cybersecurity Sector Soars to $4 Billion in 2024

1/15/2025

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Summary

Story summary

Israel's cybersecurity sector raised $4 billion in 2024, a significant increase from $1.89 billion in 2023, fueled by cloud security and AI.
The sector experienced 89 funding rounds, with growth-stage investments surging over 300% to $2.9 billion.
Orchid Security secured $36 million in Seed funding to enhance its identity-first security platform, improving visibility and compliance.
The platform leverages large language models for automated identity management, tackling issues in a fragmented identity landscape.

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Story summary

Israel's cybersecurity sector raised $4 billion in 2024, a significant increase from $1.89 billion in 2023, fueled by cloud security and AI.
The sector experienced 89 funding rounds, with growth-stage investments surging over 300% to $2.9 billion.
Orchid Security secured $36 million in Seed funding to enhance its identity-first security platform, improving visibility and compliance.
The platform leverages large language models for automated identity management, tackling issues in a fragmented identity landscape.