The Times of Israel: Israeli cybersecurity firms raised record $2.9 billion in 2020 amid pandemic

Israel’s cybersecurity industry posted a 70 percent growth in funding in 2020, raising a record $2.9 billion in 100 transactions as the coronavirus pandemic triggered a global transition to online activities, the Israel National Cyber Directorate said on Thursday.

Israel’s cybersecurity industry accounted for 31% of global investments in the sector in 2020, putting the nation in second place after the US, the directorate said. Exports of cybersecurity products in 2020 totaled $6.85 billion, up from $6.5 billion in 2019.

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