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…
