Investments in cybersecurity start-ups decline for fourth consecutive quarter
This report from Crunchbase News was not good news for start-ups in the cybersecurity sector that are seeking funding.
According to an analysis of its database, Crunchbase reported that venture capital (VC) funding for companies in the sector decreased for the fourth quarter in a row. Author Chris Metinko wrote that even “one of the most resilient industries showed it is not immune to the venture capital pullback.”
The recently ended third quarter saw only $2.6 billion go to start-ups in cyber, the lowest total since the same quarter in 2020, which saw $1.6 billion invested.