According to data compiled by Crunchbase, more than $14 billion has been invested in cybersecurity through the first three quarters of CY21, an amount that far outpaces the then record-breaking $7.8 billion raised by security companies last year. The organization noted that Q3’s total funding was the second highest on record, but deal flow seemed to greatly slow. “The 123 funding deals announced in the quarter is the lowest amount of deals closed in seven years in a quarter,” the report said. “However, what this quarter lacked in quantity it seemed to make up for in quality as valuations continue to be off the chart for cybersecurity companies.”
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