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New Study: US Now the World's Top Investor in Commercial Spyware

The United States has surged ahead to become the world's leading investor in the commercial spyware market, according to a new report from Ars Technica.

A study analyzing 561 entities across 46 countries from 1992 to 2024 shows the US now leads the market with 31 active investors last year.

Top Investor Rankings:
  • United States: 31 investors
  • Israel: 26 investors
  • Italy: 12 investors

Key deals underscore this trend. US capital was notably directed toward Cognyte. Another major example includes the acquisition of Paragon Solutions by AE Industrial Partners in late 2023, a deal valued at up to $900 million.