Israeli Tech Sector Resilient Amid Ongoing Conflict
Cybersecurity and AI drive growth despite challenges from the war with Hamas.
- Israeli startups, particularly in cybersecurity and AI, continue to attract significant investment.
- Private funding in Israel increased by 31% in the first half of 2024, totaling $5.1 billion.
- Cyber-attacks have tripled since the conflict began, costing Israel over $3 billion.
- Programs like Fast Track and the Israel Resilience Fund support early-stage startups.
- Major acquisitions include Nvidia's purchases of Run.AI and Desi, and Blackstone's acquisition of Priority.