
Israel's tech sector investments drop by nearly half in 2022, reflecting the slowdown in the global economy
Fox News
A report from a nonprofit group showed that investments in the tech sector of Israel dropped by almost half in 2022. The investments reached an all time high in 2021.
It cited the global economic downturn and said the trend was not unique to Israel.
Cybersecurity firms suffered the toughest hit, with a funding decline of more than 60% between 2021 and last year, SNC said. Other sectors that each suffered a decline in investment sank by about 42%, the study found.
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