Israel’s high-tech industry secured US$12 billion in funding and US$15.8 billion in exits in 2024, boosting its GDP by 2.2% despite an overall economic contraction, according to a report by Startup Nation Central.

Reported funding reached US$10.6 billion, a 28% increase from 2023.

When accounting for unreported rounds and undisclosed funding amounts, the total annual funding is US$12.2 billion, a 31% year-over-year surge.

Cybersecurity dominated, drawing US$3.8 billion (36% of total funding), a 90% increase from 2023, with median rounds hitting US$18 million.

Despite successes, challenges remain, including reduced startup formation, global funding declines, and regional instability.