Cybersecurity startups raised nearly $1.9 billion through 153 deals announced in Q3, a 12% increase from the $1.7 billion raised in 181 deals the previous quarter. Eight companies joined our Unicorn Board in September, adding more than $15 billion in value, while two unicorns finally galloped off onto the public markets. At least 20 global companies made debuts on the Nasdaq and NYSE in 2021 at initial valuations above $10 billion. Since then, some buzzy names have posted some of the largest post-peak declines. Showing you where you can park your car is an increasingly big business with global annual revenue from the industry projected to exceed $10 billion by 2030. Perhaps the only thing rising faster than the valuations of certain generative AI companies is the talk of regulation around the technology. We look at what SEC Chair Gary Gensler has to say about it. There is only one way to describe this week — incredibly slow. For the first time in a while, there wasn't a round that hit nine figures. Crunchbase, Inc. |
Saturday 21 October 2023
Cyber Funding Stays Subdued, And Unicorn Board Gains 8 As It Graduates 2
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