Azerbaijan Investment Company invests in Israeli startup

Economy Minister Mikayil Jabbarov has said that Azerbaijan Investment Company OJSC (AIC) invested $670,000 in the Israeli startup project C2A Security, specializing in the development of a cybersecurity platform.

Jabbarov made the remarks on X social network account, Caliber.Az reports that 

"Within the framework of cooperation with the Israeli fund OurCrowd, Azerbaijan Investment Company OJSC has invested $670,000 in the Israeli startup project C2A Security, specializing in the development of a cybersecurity platform providing reliable security solutions to protect the internal systems of electric vehicles from cyberattacks," the publication reads.

İsrailin @OurCrowd Fondu ilə əməkdaşlıq çərçivəsində “Azərbaycan İnvestisiya Şirkəti” ASC (@AIC_OJSC) elektrik avtomobillərdə daxili sistemləri kiberhücumlardan qorumaq məqsədilə etibarlı təhlükəsizlik həlləri təmin edən #kibertəhlükəsizlik platformasının inkişafında ixtisaslaşan… pic.twitter.com/wNC7WaLg38

— Mikayil Jabbarov (@MikayilJabbarov) September 6, 2023

Improved Israel-Azerbaijani cooperation in the economic sphere has been accompanied by additional cooperation in the security sphere. It is important that the relationship with Baku is centred on building up strong commercial ties. Azerbaijan has already become an important market for Israel’s defence industry. Now is the time to cement our ties on more building blocks. Israel is an innovator in many fields, including cybersecurity, food technology and water issues.