The Tech Review 2025 by @IVC Data and Insights and @LeumiTech is now available, offering a detailed overview of a strong year for the Israeli tech ecosystem.ExitsIsraeli tech exits reached $17.7 billion (182 exits) in 2025, up from $16.5 billion (131 deals) in 2024.Four mega acquisitions, each exceeding $2 billion, accounted for more than half of the total exit value, involving @Next, @Melio, @Sapiens, and @Verint. Two of these companies, Sapiens and Verint, are publicly traded.Several mega acquisitions, including @Wiz, @CyberArk, and @Armis, remain pending and are therefore not reflected in the 2025 exit figures.Capital raisingIsraeli tech companies raised $11 billion (428 deals) in 2025, a 14% increase compared with 2024 and the highest annual total in three years.Fundraising accelerated toward year end, with $3.67 billion raised in Q4/2025, the strongest quarterly result in three years.Leading tech verticalsCyber and Generative AI led large funding rounds throughout 2025. Cyber companies raised $4.81 billion (106 deals), accounting for 43% of total capital raised.Generative AI companies raised $2.75 billion (60 deals).Capital raising by stageSeed rounds raised $1.15 billion, matching 2022, the strongest year on record for seed funding. Early-stage rounds raised $3.8 billion (309 deals), representing 35% of total capital, compared with $3.5 billion (333 deals) in 2024.Mid- and later-stage rounds totaled $7.2 billion (119 deals), up from $6.1 billion (118) in 2024.A total of 18 mega rounds above $100 million raised $3.85 billion, compared with 17 such rounds in 2024.New Israeli tech companiesAfter more than a decade of decline, IVC estimates that 750 to 800 new tech companies were established in 2025, up from around 700 in 2024.