PB: European VC valuations unbowed
PITCHBOOK writes: European VC valuations largely survive 2023’s corrections Europe’s venture market saw many valuation corrections ...
A new generation of cybersecurity startups is scaling up to serve companies in the remote-work era as a fresh wave of sophisticated attacks spreads security fears.
Venture capital is flowing into cybersecurity companies at a torrid pace. Less than six months into the year, cybersecurity startups have raised $9.9 billion globally, 96% of the total raised in 2020, according to PitchBook data. Meanwhile, the average valuation of the companies raising funds has more than doubled, to $475 million.
The push to scale comes as digital security takes over boardroom deliberations. Ransomware attacks targeting Colonial Pipeline and beef producer JBS have shown how sophisticated hackers can bring large corporations to their knees.
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