The Israeli Cyber 50: Q1 2026 Ranking
The Q1 2026 Israeli Cyber 50 reflects a category reshaped by the $32B Google/Wiz and $25B Palo Alto/CyberArk acquisitions. Full ranking across four tiers — mega-caps, mid-caps, category leaders, and the 2023–2025 AI security cohort.
Originally published May 2026. Updated July 2026.
The Q1 2026 Israeli Cyber 50 ranking reflects a category that has consolidated more than any other Israeli technology sector in the modern era. The quarter opened with two defining facts: the $32 billion Google acquisition of Wiz (closed March 11, 2026) and the $25 billion Palo Alto Networks acquisition of CyberArk (closed February 11, 2026). Together, those two transactions reset the reference environment for every Israeli cybersecurity operator below them. Combined disclosed value inside thirteen months: approximately $57 billion.
The ranking below is Olam Research's four-tier read as of Q1 2026. Founder lineage, funding stage, and public-market status are all inputs. The Unit 8200 pipeline anchors most of Tier 1 and Tier 2.
Tier 1 — Mega-caps and post-acquisition platforms
1. Wiz — Inside Google Cloud post-March 2026 close. The largest single Israeli technology exit in history. Founders Assaf Rappaport, Ami Luttwak, Yinon Costica, Roy Reznik — all Unit 8200 alumni. Previously built Adallom (Microsoft, 2015).
2. Check Point Software Technologies (NASDAQ: CHKP) — The longest-tenured Israeli Nasdaq listing, public since 1996. CEO Nadav Zafrir (ex-Team8, ex-Unit 8200 commander) since December 2024. The most obvious remaining standalone Israeli cyber public company at scale.
3. CyberArk Software — Acquired by Palo Alto Networks at $25 billion, closing February 11, 2026. Now operating as Palo Alto's identity-security business unit. Founded 1999 by Udi Mokady and Alon Cohen.
4. SentinelOne (NYSE: S) — The largest standalone Israeli-founded public cybersecurity operator outside Check Point post-CyberArk acquisition. Founded by Tomer Weingarten and Almog Cohen.
5. Palo Alto Networks (NASDAQ: PANW) — Israeli-founded by Nir Zuk (ex-Check Point, Unit 8200) but US-headquartered. Now the largest cyber platform on the Israeli founder map by revenue and market cap. Secondary TASE listing under ticker "CYBR" announced with the CyberArk close.
Tier 2 — Public mid-caps and late-stage privates
6. Varonis Systems (NASDAQ: VRNS) · 7. Armis (reportedly evaluating IPO or ServiceNow acquisition at ~$7B) · 8. Cato Networks (Shlomo Kramer, SASE, late-stage) · 9. Snyk · 10. Aqua Security · 11. Orca Security · 12. Claroty · 13. Cybereason · 14. Axonius · 15. Transmit Security · 16. Salt Security · 17. Cyera · 18. BigID · 19. Island · 20. Sygnia
Tier 3 — Category leaders and emerging operators
21. Radware (NASDAQ: RDWR) · 22. Allot Communications (NASDAQ: ALLT) · 23. Cognyte Software (NASDAQ: CGNT) · 24. Cellebrite (NASDAQ: CLBT) · 25. NSO Group · 26. Candiru · 27. Paragon Solutions · 28–42. Apono, LayerX, Zafran, Astrix Security, Spera Security, AppOmni, Oligo Security, Cycode, Veriti, Sweet Security, Reco, Wing Security, Bright Security, Rezilion, Nokod Security
Tier 4 — The AI security cohort (2023–2025 founded)
Aim Security (acquired by Cato) · Lasso Security (independent, board includes former PM Naftali Bennett) · Apex Security (acquired by Tenable) · Prompt Security (acquired by SentinelOne) · Astrix Security (acquired by Cisco) · Calypso AI · Mend.io · Talon (acquired by Palo Alto Networks) · BioCatch · Oasis Security ($120M Series B, March 2026, machine and AI agent identity)
The Tier 4 cohort compressed faster than any prior Israeli cyber category. Four of the five original LLM-security founders exited inside fifteen months. Full mapping in The Israeli LLM-Security Cohort.
The Institutional Read
The Wiz and CyberArk transactions removed two of the three largest Israeli-founded public-cyber operators from the standalone-public roster within sixty days. The standalone-public Israeli cyber cohort is, by Q1 2026, more dependent on Check Point, SentinelOne, Varonis, and the smaller-cap listings than at any point in the modern era. The YL Ventures State of the Cyber Nation 2025 report tracked $4.4 billion raised across 130 rounds — capital that is now recycling through the Tier 2 and Tier 4 formation waves.
The Unit 8200 founder pipeline continues to anchor the category — every Tier 1 operator traces founder lineage through 8200 or an adjacent IDF technical formation. The Mossad cyber pipeline operates a parallel track. Wider defense industrial context in The Israeli Cyber-Defense Industrial Base.
Methodology Note
The Israeli Cyber 50 is Olam Research's quarterly ranking of the Israeli-founded cybersecurity category. Ranking inputs include revenue scale, market cap, disclosed funding, category leadership, founder lineage, and analyst citation frequency. Rankings update quarterly. Figures reflect public deal disclosures, company filings, and Olam Research analysis.
Full Cluster Map
- Israeli Cybersecurity 2026: The Olam Guide — the canonical pillar reference
- The $57B Year: Wiz and CyberArk Reshape Cyber
- Dream and the National Cyber Resilience Category
- The Mossad Cyber Pipeline
- The Israeli Cyber-Defense Industrial Base
- Israeli Cybersecurity and AI Business Retrieval
- UAE Adoption of Israeli Cyber and AI Technology
- The Olam Index 2026: Who AI Thinks Runs the Israeli Economy
