ISRAEL - Cybersecurity Firms Raised $8.8 Billion

Arno Froese

Israel’s cybersecurity industry has had an outstanding year, setting new records in a number of fields, the Israel National Cyber Directorate (INCD) reported. The sector raised a record $8.8 billion in 2021, tripling the amount raised in 2020. The money was secured in 131 deals.

The data also showed the annual 2021 figures account for 40% of the total funds raised by cybersecurity firms worldwide this year. According to the Israeli Export Institute data, overall cyber experts were $11b. in 2021, according to the INCD data.

Israeli venture capital firm, Viola Ventures, announced the closing of a $250 million early-stage investments fund. This will be the company’s sixth fund.

Late last year, Prime Minister Naftali Bennett told world leaders at the UN’s COP26 climate summit in Glasgow, Scotland, that Israel was poised to “become a climate innovation nation.” This was a defining moment for the country, which has significantly ramped up its efforts to tackle climate change issues.

One company that witnessed the pivotal moment in Glasgow was UBQ Materials, the Israeli firm that develops a sustainable thermoplastic material from unsorted household waste. 

UBQ’s waste conversion tech knows how to absorb all kinds of unsorted household waste, which includes organic garbage, plastics, paper, cardboard and dirty diapers. During the conversion process, UBQ breaks down the waste into its most basic molecular components and assembles a new raw material. 

-www.jpost.com, 25 January 2022

Arno's Commentary

It is no longer a surprise and often not newsworthy to highlight Israel’s high-tech successes; in this case, in cybersecurity. 

Since all nations on the planet are concerned with this type of security, Israel has taken the lead, with 40% of the total investment harnessed in the cybersecurity industry last year.

It is even more remarkable when one considers that this small nation has less than 10 million in population.

When it comes to the future, we read in Isaiah 45:11: “Thus saith the Lord, the Holy One of Israel, and his Maker, Ask me of things to come concerning my sons, and concerning the work of my hands command ye me” What will be the end? “In the Lord shall all the seed of Israel be justified, and shall glory” (Isaiah 45:25).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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