https://techcrunch.com/2024/01/03/yl-ventures-details-the-challenges-and-opportunities-facing-israeli-cybersecurity-startups/

The Israeli cybersecurity industry, much like the global one, has been undergoing an evolution that seemed to peak in 2021 with soaring funding rounds, overwhelming valuations, and multiple newly minted unicorns, only to cool down dramatically amidst the market slowdown of 2022 with steep declines and frozen growth rounds. The breakneck speed of these fluctuations led to ramifications that reverberated across the industry throughout 2023, as Israeli cybersecurity startups had to adapt and find their footing in this new post-bonanza funding reality.

Each year, YL Ventures monitors, analyzes, and publishes data on funding and acquisitions in the Israeli cybersecurity market, with insights from industry luminaries to illuminate the trends and shifts in this fiercely competitive and relentlessly trailblazing industry. In 2023, despite declines in fundraising overall, we can identify trends indicating a positive trajectory for the industry, including an increase in exits. These trends are evident in continued investment in promising cybersecurity startups and in the determination of skilled, experienced entrepreneurs to find and address the most acute and urgent security problems ailing the business world today.