The first two quarters of 2017 have been the most active ever in five years from a cybersecurity investment standpoint. Here's how the third quarter has shaped up.
September 20, 2017
Statistics maintained by CB Insights show that 2017 is on track to be a record-setting year for cybersecurity funding activity.
There were a total of 291 funding deals involving private cybersecurity companies in the first two quarters of this year alone, making them the busiest from an investment standpoint in the last five years.
CB Insight's research shows that investors poured some $1.6 billion into private cybersecurity firms in Q2 2017: the most ever in a single quarter. Six companies — Cybereason, Data4 Group, CrowdStrike, Netskope, Tanium, and Illumio — had mega $100 million-plus funding rounds in the second quarter of this year. No other quarter has had this many $100 million funding rounds before, according to CB Insights.
Malware outbreaks like the WannaCry pandemic and breaches like the one at Equifax has heightened demand for a variety of security technologies and made cybersecurity vendors a hot commodity in investment circles. The surging demand for security tools and services also has generated considerable startup activity in the security space. Gartner estimates worldwide information spending will top $86 billion this year.
Q3 also has been quite active funding-wise. [After this posting Digital Shadows announced it has raised $26 million in a Series C funding round led by Octopus Ventures, with participation from World Innovation Lab, Industry Ventures, and existing investors.]
Here, in descending order of investment size, is a sampling of some of the cybersecurity funding activity for this period.
About the Author(s)
You May Also Like
Guarding the Cloud: Top 5 Cloud Security Hacks and How You Can Avoid Them
April 4, 2024Cybersecurity Strategies for Small and Med Sized Businesses
April 11, 2024Defending Against Today's Threat Landscape with MDR
April 18, 2024Securing Code in the Age of AI
April 24, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024Black Hat Asia - April 16-19 - Learn More
April 16, 2024