As of October 10, this year, Israel has emerged as one of the globe's largest technology centres, drawing in more than $3.3 billion in venture investments, according to data sourced from PitchBook. Additionally, PitchBook's report ranks the city of Tel Aviv, located on the Mediterranean coast, at the 20th position in terms of the most advanced technology ecosystems across the world.

The open letter, dated Oct.12, highlighted the importance of Israel in global innovation.

"The nation's contribution to the world in terms of technology, research, and entrepreneurship is invaluable, and we hold deep respect for its unwavering commitment to progress," the letter said.

"In the spirit of peace and unity, we encourage the global venture community to support and engage with Israeli startups, entrepreneurs, and investors as they navigate through these challenging times," it continued.

As of last Friday (Oct 13), a total of 582 venture firms had signed the letter, predominantly hailing from the United States. However, notable Asian investors, such as Singapore's Chartered Group, were also among the signatories.

Chartered High Tech, the technology venture investment branch of Chartered Group, is the most active Asian investor in Israel, with a total of 37 investments made since 2010, as reported by PitchBook. Hong Kong's Horizons Ventures closely follows with 32 investments in Israeli ventures during the same period.

The combined support of US and Asian venture capital has played a significant role in establishing the emerging Middle East technology hub. According to PitchBook data, Israeli startups secured $9.3 billion in funding in 2022, surpassing the total investments in any other Asian country except for China and India.

Samsung's venture investment arm is also an active investor in Israel, with 19 deals since 2010.