Israeli cybersecurity company Onyx Security officially commenced operations on Thursday, following the completion of a $40 million first funding round. This development indicates that investor interest in the country's technology sector remains strong, despite ongoing conflict between the U.S., Israel, and Iran. The Israeli technology sector is considered one of the largest globally, accounting for approximately 20% of the nation's GDP, 15% of employment, and over half of Israel's total exports. Cybersecurity is a rapidly growing segment within this sector. Onyx has developed a platform designed to secure and manage AI agents. The company operated in a so-called "stealth development mode" for the past year and a half and has stated it is already collaborating with several Fortune 500 companies. Maxim Bar-Kogan, Onyx's co-founder and CEO, who previously served in the Israeli 8200 military intelligence unit, commented, "Every company is becoming an agent operator—whether they intend to or not." "Agents are granted access to a company's most critical systems, but how do we ensure they don't make serious mistakes or get compromised?" he said. "Securely deploying AI agents requires both protecting against attacks and ensuring the agents do not make critical errors." Onyx reported that this funding round was led by venture capital firms Conviction Partners and Cyberstarts, along with a group of angel investors. The capital will be used to expand the product and engineering teams and to develop new artificial intelligence models. In a related development, Alphabet's Google finalized the acquisition of Israeli cybersecurity company Wiz for $32 billion on Wednesday. Despite the conflict in Gaza, Israeli tech startups raised approximately $16 billion in 2025, an increase from the $12.2 billion raised in 2024.