Massive Venture Capital Spending on Cybersecurity Continues Into 2022
Q1 2022 venture spending results shows that VC investments in cybersecurity companies are continuing at the hyper-heated levels of 2021
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As our ongoing tally of VC deals in cybersecurity shows (see below for PDF that lists all cybersecurity VC deals since 1/1/18), the massive venture capital spending in the cybersecurity arena that occurred in 2021 appears to be spilling over into 2022.
By the end of 2021, VC investments in cybersecurity reached $22.5 billion for that year, 358% higher than $6.3 billion in VC deals generated in 2020, 227% higher than the $9.9 billion in 2019, and 560% higher than all of 2018.
“I think underpinning all of this [enormous spending] is the realization that as the global economy digitizes, the entire spectrum of bad human behavior is also digitizing parallel with it. That results in cyber threats representing the existential threat to the digital economy,” Bob Ackerman, managing director of AllegisCyber Capital and the “godfather” of venture capital and cybersecurity, told Metacurity earlier this year. “The consequences of getting it wrong in a digitized economy are simply unaffordable.”
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