Israel Cyber Industry Seen Moving Into Critical Stage of Growth

Israel’s cyber security industry numbered nearly 430 companies at the end of 2015, with more than half generating revenue and one-in-11 posting annual sales exceeding $10 million, according to IVC Research Center Ltd., which monitors and analyzes Israel’s high-tech industry.

“We are at a critical point in the evolution of the cyber industry in Israel,” said Gadi Tirosh, managing partner in Jerusalem Venture Partners, which runs an incubator for cyber security start-ups in Beersheba. “If the last three or four years were very much about seeding and identifying technology and entrepreneurs, and creating a huge wave of new companies, our challenge and opportunity now is to move these companies from initial revenue stage to significant revenue-generation engines.”