Security News > 2020 > February > Israeli Venture Firm Partners With NYC to Launch Cybersecurity Accelerator
"Most of them are companies with between $5 million and $20 million in annual revenue, and are scaling up to the next level." The purpose of this new cybersecurity hub is to provide the ecosystem and help necessary for growth to $100 million or $200 million companies - and eventually perhaps to the next $1 billion cybersecurity business.
"We already have the biggest cybersecurity hub in Israel," he said, "Where we continue to invest in and help create many of the new 'ex-8200' cybersecurity startups, and we help these companies grow in the U.S. or Europe. So, we have experience in this."
In the future, he added, "We might look at an additional hub or hubs in North America, but I think one of the next major stops for us should be in the UK or Europe. For most of the companies we look at, the first priority will be the US or North America, and the second priority would be Europe. But for many of our companies, Europe is now even bigger than the US. It used to be that we would automatically help these companies reach the US, but now the European market is equally important."
Guiding and supporting these companies will be senior leaders at JVP, subject matter experts, and experienced cybersecurity executives and entrepreneurs.
"The kind of companies we backed five years ago do not make sense anymore. You need vertical expertise." New York is an excellent source of this expertise to help growing companies.