As threats to a company's digital assets evolve, these startups provide solutions for identifying vulnerabilities, thwarting attacks, and educating the workforce.
The growing number and diversity of cyberthreats, ranging from malware to denial of service to ransomware, present an opportunity for cybersecurity startups.
Companies disclosed 3,800 data breaches in H1’19 — a 54% increase year-over-year — according to cybersecurity company Symantec.
This increase in the number of breaches corresponds with greater investment in cybersecurity startups, which received roughly $9.9B in funding across 760+ deals in 2019, surpassing the previous funding record of $8.8B set in 2017.
Using the CB Insights platform, we examined the extensive ecosystem of cybersecurity startups, defined as tech-enabled companies that offer products and services aimed at protecting digital assets from unauthorized access and malicious use by cyber criminals. We identified 60 companies that have raised funding since 2019 and categorized these startups by their primary focus area into 11 different segments.