VC money flowed plentifully into the security market last year, fueling a new crop of innovative companies.
February 24, 2017
In spite of a slowdown in the overall funding activity from venture capital firms in 2016, the cybersecurity market continued to raise money at full steam. Last year saw the market break records in terms of funding deals, with Q3 tallying up to be the most active quarter for deals in cybersecurity in the last five years, according to CBInsights.
That influx of money is driving innovation in a number of areas. Particularly notable market segments targeted by these firms include security for data centers and public cloud infrastructure, security orchestration and incident response tools, and third-party risk assessment tools.
The following 20 firms are primarily early- to middle-stage startups, with a few more mature start-ups that have courted growth equity to change course or expand into a particularly hot new market segment. We believe these firms are worth watching due to several factors. On the funding front, they either managed to snag $25 million or more in funding in 2016, or garnered a notable funding round within the last three months. Many of these firms have been founded in the past three years and a number of them are notable for acting as first-movers in a particularly hot security niche. Additionally, a number of the firms are notable for their leadership by security veterans and visionaries.
In the interest of bringing some new blood to our annual spotlight on startups, we've included only companies that were not already featured in our lists in the last two years.
About the Author(s)
You May Also Like
Unleash the Power of Gen AI for Application Development, Securely
March 19, 2024The Anatomy of a Ransomware Attack, Revealed
March 20, 2024How To Optimize and Accelerate Cybersecurity Initiatives for Your Business
March 26, 2024Building a Modern Endpoint Strategy for 2024 and Beyond
March 27, 2024Building a Modern Endpoint Strategy for 2024 and Beyond
March 27, 2024