Israel secured the second-largest number of cybersecurity deals worldwide from 2013-17, according to a new report.
The report, compiled by New York data firm CB Insights, shows that with 7% cybersecurity global deal share, Israel was only behind the United States, which accounted for 69% of the pie.
United Kingdom was ranked third in the index with 6% global deal share while Canada and China claimed 3% and 2% shares respectively, Times of Israel reported.
The CB Insights report selected 26 companies from various categories, including those which monitor fraudulent activities, cloud security, human-factor security, and manufacturers of infrastructure defence systems.
Those selected are “high-momentum companies pioneering technology with the potential to transform cybersecurity,” the report says.
With 7% cybersecurity global deal share, Israel was only behind the United States, which accounted for 69% of the pie
Six firms mentioned in the report, including BioCatch, Aqua Security, IRONSCALES, D-ID, Minerva Labs and Cylus, are Israel-based. BioCatch is a startup that uses behavioral biometrics for fraud prevention and detection. Aqua Security, is a firm which helps the enterprises secure their virtual container environments from development to production.
IRONSCALES is one of the global leaders in advanced anti-phishing technologies. D-ID is a start-up that develops tools to prevent facial recognition algorithms from identifying images and videos.
Minerva Labs is Cybersecurity Company that makes the products designed to block evasive malware from bypassing defenses of private and public enterprises.
Cylus is a company which protects country’s railway and metro systems from cyber threats.
U.S houses the headquarters of 62% of the 26 companies selected by CB Insights for its 2018 cyber defender report.
Three companies from the UK and one each from Netherlands and Sweden have also been listed down in the report.
CB Insights had listed three Israeli companies in its 2017 annual cyber-security report.