The cybersecurity funding bubble hasn’t burst, but it’s starting to deflate – TechCrunch


Last year was record for the cybersecurity market. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record” $29.5 billion in venture capital in 2021, more than doubling of $12 billion raised in 2020, while a record number – including Dragos and Noname Security – were minted like unicorns.

The past few months have begun to paint a different picture for the industry, which has successfully weathered the pandemic, geopolitical conflict and – so far – the looming economic storm.

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