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 consulting firm for the security industry, shows that cybersecurity startups raised a “record” $29.5 billion in venture funding in 2021. , double the $12 billion raised in 2020, while a record number – including Dragos and Noname Security – molded into a unicorn.

The past few months have begun to paint a different picture for this industry, which has managed to successfully navigate the pandemic, geopolitical conflict and – so far – the economic storm that is lurking.

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