Simultaneously, many of the same companies are going through their own digital transformation, putting more processes in the cloud that need their own layers of protection.Īll of that together, along with headline-grabbing attacks such as the SolarWinds incident, have helped push significant money into a plethora of sub sectors inside cybersecurity - such as cloud security, application security, bot mitigation and cyber insurance to name just a few. With many now working from home - and doing it on their own WiFi and away from more secure company networks - employers have been forced to juggle work accessibility with security. If this level of investment continues, the industry would shatter last year’s record of $7.8 billion invested globally and see the sector hit nearly $15 billion in total venture investment.Ĭybersecurity has been a hot buzz word in tech for years, but COVID and the changes in the workforce it caused seems to have highlighted its importance even more as the attack surface for bad actors to exploit grows and as more companies move to the cloud. The first quarter of this year saw more than $3.7 billion invested globally into cybersecurity - outpacing the $2.3 billion for the first quarter last year, according to a new cybersecurity report by Crunchbase. “The market is more crazy than ever before,” laughed Luke Page, general partner at RTP Global, during an interview with Crunchbase News. Now with a possible light at the end of the COVID tunnel, investors are being bold about doubling down. ![]() Last year proved not even a pandemic could slow investors’ appetite for cybersecurity. ![]() Freelance Writers: How To Pitch Crunchbase News.
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