CyberIndustry

Cybersecurity venture funding fell in 2016

“Venture capital firms invested roughly $3.1 billion into a record 279 cybersecurity companies last year, according to research published by CB Insights on Thursday. That figure represents a $600 million drop from 2015 to 2016.

From an industry standpoint, 2016 also saw a decrease in exits — otherwise known as business events in which a company is either sold or acquired. In short, investors had fewer chances to cash in. There were fewer than 90 exits in 2016, but there were 124 in 2015.

Source: While startups cashed in, total cybersecurity venture funding fell in 2016

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