Hi, Agen. Just two years ago venture funding to cybersecurity was on fire, with more than $23 billion flooding the sector. In 2023, cyber startups saw only about a third of that, dipping to its lowest total since 2018. We look at the state of cybersecurity funding — traditionally one of the most robust sectors for venture investment — at the start of 2024 and what the decline means for the rest of the startup ecosystem. Plus, why JPMorgan Chase just led a huge funding round for a quantum computing startup. Cybersecurity companies raised just $8.2 billion in 692 venture capital deals last year, compared to $16.3 billion in 941 deals in 2022. What does that tell us about the state of startup funding — and valuations — overall? Related Crunchbase Pro list: Cybersecurity Funding JPMorgan Chase has led a fresh $300 million funding round for quantum computing startup Quantinuum at a pre-money valuation of $5 billion. Quantum computing was one of the few startup industries to see an increase in funding last year, with venture investors putting more than $1.2 billion into the sector in 2023. Related Crunchbase Pro list: Quantum Computing Funding Almost no investors are backing fresh rounds for startups creating the next generation of virtual worlds, Crunchbase data shows. Investment around metaverse, virtual worlds and augmented reality themes hit a multiyear low in 2023, driven by declining support for consumer-focused startups. Related Crunchbase Pro list: Metaverse, Virtual Reality, And Augmented Reality Funding, 2023 Fintech — once the startup sector that drew more money than any other — is no longer the No. 1 investor favorite, but still drew billions of dollars in capital in 2023. We look at what happened with the sector in 2023 and hear from investors about what to expect this year. Related Crunchbase Pro list: Funding To Financial Services Companies In 2023 |
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