Cybersecurity startup investments more than doubled in H1 2021
The pandemic has had a major impact on cybersecurity. Cybercrimes now cost the world nearly $600 billion each year, according to Mordor Intelligence — equivalent to nearly 0.8% of the global GDP. Meanwhile, the World Economic Forum reports that the likelihood of identifying and prosecuting the perpetrators of cyberattacks in the U.S. has fallen to a dismal 0.05%.
That’s perhaps why venture capital (VC) funding in cybersecurity more than doubled year-over-year during the first half of 2021, while the total number of mergers and acquisitions (M&A) in the sector more than quadrupled. A new report from AllegisCyber Capital, Momentum Cyber, and NightDragon finds that investors poured $11.5 billion in total VC financing in H1 2021, up from $4.7 billion in...