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always It’s hard to know how a start-up category will fare in a downturn.But if you asked me a few months ago, I would have expected cybersecurity to be relatively immune to the recession, like data observability. AI and animal husbandry haven’t been spawned on my card though. — anna
Last quarter’s cybersecurity investment figures came out, and the results weren’t good, by a surprising degree.According to Crunchbase, cybersecurity startups have raised only $1.6 billion in venture capital the second quarter of this year.
Not only does this represent a quarter-over-quarter decline of 63%, but it is also the lowest amount the industry has raised in any given quarter since Q4 2019.