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Versa Networks, Apiiro Show VCs Still Focused on Cybersecurity
A pair of recent $100 million funding rounds show that venture capital is still flowing into cybersecurity startups despite economic headwinds and rising interest rates. Versa Networks announced a funding round for $120 million last week, while Apiiro followed this week with a $100 million funding round. The two are addressing major issues like sprawling […]
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NetSPI Lands $410 Million in Funding – And Other Notable Cybersecurity Deals
NetSPI, a top penetration testing and vulnerability management company, recently announced a $410 million funding round, a huge amount in a year in which $100+ million rounds have become a rarity. The investor was KKR, one of the world’s largest alternative asset firms. KKR previously invested $90 million in NetSPI in May 2021, so NetSPI […]
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Web3 Cybersecurity: Are Things Getting Out of Control?
In a BNB Chain blog post in early October, the authors announced that about two million BNB crypto tokens were stolen. The value? It was over a whopping $560 million. At the time, the BNB Chain had $5.45 billion in DeFi (decentralized finance) assets. The platform is a part of Binance, the world’s largest cryptocurrency. […]
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Where VCs Are Investing in Cybersecurity
Between a plunging stock market, rising interest rates and a slumping economy, raising venture capital has not been easy this year. This has even been the case for high-priority categories like cybersecurity. According to data from PitchBook, venture capital investments have reached about $13.66 billion so far this year, down significantly from $26.52 billion in […]
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Some Cybersecurity Startups Still Attract Funding Despite Headwinds
With the plunge in tech stocks and the freeze in the IPO market, the funding environment for cybersecurity startups has come under pressure. According to Pitchbook, the amount of venture capital investment in the first quarter was off by 35.8% to $5.1 billion on a quarter-over-quarter basis. The median late-stage valuation fell by 26.1%. VCs […]
