In 2025, a year of war and geopolitical uncertainty, the Israeli tech market for “exits” — mergers and acquisitions as well as initial public offerings of shares — is on track to record one of its best years over the past decade.

The value of Israeli tech exits, including M&As and IPOs, this year jumped by a whopping 340 percent to $58.8 billion, up from $13.4 billion in 2024, according to the 2025 exit report by consultants PwC Israel released on Monday. The big surge was driven by Google’s $32 billion acquisition of cybersecurity unicorn Wiz, the largest deal involving an Israeli-founded company. Excluding the Wiz deal, the value of M&A deals and IPOs doubled to $26.8 billion compared to 2024.

In the second-biggest exit in Israeli history, Palo Alto Networks, a Santa Clara, California-based cybersecurity firm founded by American-Israeli entrepreneur Nir Zuk, in July announced the acquisition of Israeli firm CyberArk in a deal valued at $25 billion.

“Both the Wiz and Cyberark deals set a new upper threshold for our position on the global exit map and prove that Israel holds a special place in setting the conventions for the future of global cybersecurity,” said Yaron Weizenbluth, partner at PwC Israel. “Conversely, in the past year, while the number of deals grew significantly compared to the previous year, their value, excluding the mega-deals, has decreased.”

There were another two acquisitions above $1 billion this year, including local fintech........

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