Venture Capital Funding of Cybersecurity Firms Hit Record High in 2018

Venture Capital Funding of Cybersecurity Firms Hit Record High in 2018

Venture capital investments in cybersecurity firms hit a record high last year amid a surge in cyber crime over the last few years.

Venture capital investments in cybersecurity firms hit a record high last year amid a surge in cyber crime over the last few years, according to a report released last week by U.S.-based Strategic Cyber Ventures

Total venture capital funding in the space totaled $5.3 billion in 2018, a 20 percent increase from the $4.4 billion seen in 2017. 

"We're seeing mega-breaches happening on an extremely frequent basis," Chris Ahern, data scientist and principal at Strategic Cyber Ventures told Reuters. "I don't think that is going to stop anytime soon. Any investors are seeing that as an opportunity for investment."

Cybersecurity has become the focus for governments and corporations around the world as digital crime increase. The latest quarterly data from cybersecurity firm ThreatMatrix showed that it detected 210 million attacks in the first quarter of last year, with another 151 million seen in the second quarter. 

Compared with 2015, cyberattacks have surged more than 100 percent, illustrating an overall heightened risk landscape over the last two years. 

U.S. cybersecurity firms took the majority of the investments, accounting for 46 percent of the investments in 2018. Asian and European companies took 22.6 percent of global investment, up 12.7 percent in 2014.

"We've seen this trend in the broader tech ecosystem as well, with many large international funds and investment outside of the U.S.," the report said. "Simply put, amazing and valuable technology companies are being created, in and outside of the U.S."


About the Author

Sydny Shepard is the Executive Editor of Campus Security & Life Safety.

Featured

  • Security Today Launches 2023 Government Security Awards

    Security Today Launches 2023 Government Security Awards

    Security Today is proud to announce the launch of the 2023 Government Security Awards. The Govies honor outstanding government security products in a variety of categories. For this year’s awards program, participants can choose from 38 different categories to enter their product(s) into. Read Now

  • Back to the Basics

    Back to the Basics

    Security is a continuous evolution of practices and procedures. The developments in technology and advancements in threats make security difficult at times. Although security from one location may look different from another location, there is a common goal applied to security measures. The common goal is protection. Read Now

  • The Top Three Security Trends in 2023

    The Top Three Security Trends in 2023

    As security technology has become more widely used, the interest in new capabilities and increased security measures has increased. As we head into 2023, these three trends will shape the security landscape. Read Now

  • TSA Breaks Record Nationally and in Washington for Firearm Discoveries in 2022

    TSA Breaks Record Nationally and in Washington for Firearm Discoveries in 2022

    Transportation Security Administration (TSA) officers in Washington detected 164 firearms in travelers’ carry-on luggage in 2022, with the majority of the firearms discovered at Seattle-Tacoma International Airport’s (SEA) security checkpoints. Read Now

Featured Cybersecurity

New Products

  • HID Signo Readers

    HID Signo Readers

    HID Global has announced its HID® Signo™ Biometric Reader 25B that is designed to capture and read fingerprints in real-world applications and conditions. 3

  • Paxton10 CORE Cameras

    Paxton10 CORE Cameras

    The new CORE Series cameras feature edge processing for ultimate scalability, built-in edge storage, and plug-and-play installation. The addition of the CORE Series gives installers new hardware, better choice, and more value than ever before. 3

  • SAFR® from RealNetworks

    SAFR® from RealNetworks

    A unique feature in SAFR version 3.4 is its ability to automate alerts to security personnel when a spoofing attempt or a fraudulent attempt to gain access is detected. 3