10 In Israel, cybersecurity is unmatched: Tel Aviv 2nd globally Noam at DLA adds: “Israel’s tech ecosystem is more mature than Canada’s and that has historically been the sector where Canadian investors have shown interest. A number of the larger investors are Canadian financial institutions who invest to use the technology themselves. For pension funds and other institutional investors Israeli has certain cutting-edge technology like cybersecurity which is not matched anywhere else.” According to the StartupBlink report 2024 - Tel Aviv excels in cybersecurity, where it ranks 2nd in the world for the second year in a row, while Israel remains prominent in AI start-ups, with Tel Aviv ranking 7th and Jerusalem 25th worldwide in this industry. Tzahi at OurCrowd: “Israel is a global leader in cybersecurity technologies and solutions, many cybersecurity companies were acquired since the beginning of 2024 with great returns for investors. In Q1 2024, the Israeli cybersecurity sector raised $846 million in private funding, accounting for nearly 50% of the total ecosystem funding and half of the top six exits. Israel also has a strong ecosystem of AI startups focusing on applications in various sectors such as healthcare, finance, and autonomous systems. The AI sector continues to thrive and even one company of OurCrowd AI portfolio D-ID was names as one of the most promising AI startups in Israel. D-ID’s main business today is “the humanization of bots”, the human digital market is huge and is estimated by the company at half a trillion dollars.” Canada: promising opportunities and a stable market For Israeli businesspeople looking to expand into Canada, there are a number of industries and sectors that offer promising opportunities. Tzahi at OurCrowd tells us of Canada’s emergence as a global leader in AI research and development, particularly in cities like Toronto, Montreal, and Vancouver. “Israeli tech companies specializing in AI algorithms, machine learning, and data analytics could find fertile ground for partnerships and market entry.”
RkJQdWJsaXNoZXIy MjgzNzA=