Israeli cyber firm Onyx Security launches operations with $40 million funding round

Israeli cyber firm Onyx Security officially launched operations on Thursday after securing $40 million in initial funding, signalling continued investor interest in the country’s technology sector despite the ongoing U.S.-Israeli war on Iran.

The tech sector, regarded as one of the ‌largest in ⁠the world, ⁠accounts for about 20% of GDP, 15% of jobs and more than half of Israeli exports, with cybersecurity becoming a fast-growing segment.

Onyx, which ​has developed a platform to secure and control artificial-intelligence agents, has been in so-called “stealth mode” for the last year-and-a-half, ​and said it was already working ⁠with multiple ‌Fortune 500 companies.