Passion, ingenuity and hard work: The cybersecurity startup story of Israel
According to Start-Up Nation Central (SNC), there are currently 400 cybersecurity start-ups operating in Israel. In 2018, they raised over $1.2 billion in 96 rounds of funding. That is more money raised than any other vertical market in the Israeli economy. However, as many as 80% of these companies fail to progress from the early stage to mature, high growth companies.