$3.7b in Israel acquisition deals since start of war

• Published date: 31 March 2024
• Author: Meytal Vaizberg
• Publication title: Globes (Rishon LeZion, Israel)

The data also show that the overall amount of mergers and acquisitions in Israel's tech sector since the start of the war totaled $3.7 billion. Among the companies acquired for large amounts were Talon Security, acquired by Palo Alto Networks for $625 million, Dig Security, also acquired by Palo Alto for $350 million, Avalor acquired by Zscaler for $350 million and Gem Security acquired by Israeli company Wiz for $350 million

Two other cybersecurity companies - Flow Security and Spera Security, were acquired for $200 million and $130 million, respectively. In the healthcare sector, there were also major acquisitions with CartiHeal, which manufactures coral implants to support damaged human cartilage, acquired for $330 million.

"After the war, I anticipate a startup baby-boom of tech companies"

The report found that since October 7, 20 new Israeli venture capital funds have been founded that have raised an overall $2 billion. Eleven of the funds were founded to provide a response to the urgent needs of startups experiencing financing difficulties because of the war. Among these funds were Iron Nation, the resilience fund set up...