Zohar Rozenberg, VP of Cyber Investments at Elron & RDC, spoke at Innovation Centre Denmark in Copenhagen to help stakeholders in the Danish Cyber ecosystem learn about Israel’s hi-tech cyber landscape and ecosystem.
In an event aimed at building Denmark’s Cybersecurity ecosystem and strengthening business ties between Israel and Denmark, Zohar Rozenberg mapped out the successes and environmental factors which have allowed Israel’s Ecosystem to flourish over the last number of decades. As the former head of the IDF Cyber Department and current VP of Cyber Investments at Elron Electronic Industries & RDC, Zohar holds a unique vantage point at the crossroads between cyber and business needs.
At the beginning of Israel’s startup era, the ability for Israeli firms to develop towards various industry pain points grabbed the attention of a handful of Venture Capital Firms. Today, Israel and Tel Aviv are synonymous with tech innovation and an abundance of early-stage funding. Along a strip spanning 15KM by 3KM between Tel Aviv and Herzliya, one can find 348 Investors with 140 of them investing in cyber technology. Zohar explains that this is due to three strategic factors. Increased demand, government readiness, and traditionally non-digital sectors eyeing integrated digitization.
Having experienced first hand the potential of cybersecurity, many graduates of Israel’s 8200 intelligence unit have years of practical experience in developing ironclad solutions. Many entrepreneurs recognize a specific industry need while in this special unit and continue their cybersecurity pursuit upon completing their service. “Elron & RDC have invested in many companies who focus on addressing key vulnerabilities in specific industries. Cyberattacks have been growing at an astounding rate globally. We are investing in a future that supports the entrepreneur’s in their efforts to secure our data and acknowledge the full potential of our digital age. ”Two cybersecurity initiatives in Elron & RDC’s portfolio are Kindite and Cynario. Kindite addresses the unique challenges of Data security in the cloud era faced by regulated enterprises while Cynario addresses the growing number of incidents in the healthcare field.
The success of many Israeli startups has encouraged a new generation of Israeli’s to view entrepreneurs as rockstars and begin ventures of their own. Although there are an abundance of startups and an abundance of local investors, there is still a separation between these worlds. Each has found new ways to market themselves and cut through the noise that buzzes around Israel’s abundant ecosystem. Meet and greet events along with pitch nights have helped bring the startup and VC communities together for benefits beyond funding. “Rubbing elbows with relevant insiders help all sides understand how they can continue to strengthen cyber ecosystems and better serve the growing global hi-tech community.” Said Rozenberg.