Wednesday, 17 January 2024

Cybersecurity funding hits 5-year low

Plus, quantum startup hits $5B valuation

January 17, 2024

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 funding hits 5-year low

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

💰 Quantum computing startup hits $5B valuation with new raise

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

🏃 Startup investors flee the metaverse

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

💸 Which fintech sectors are VCs bullish about in 2024?

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

Crunchbase ROI Calculator
See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.
Calculate

Recent Investments

Quantinuum

$300M / Funding Round

Quantinuum accelerates quantum computing and the development of applications across chemistry, cybersecurity, finance, and optimization.

Categories:

Cyber Security • Quantum Computing • Software Engineering

Founders:

Ilyas Khan

Investors:

JP Morgan Chase (Lead), Mitsui & Co (Lead), Amgen + 1 more

Pliant

100M EUR / Debt Financing

Pliant helps companies in issuing adaptable physical and virtual credit cards tailored to their unique business requirements and processes.

Categories:

Credit Cards • Finance • Financial Services • FinTech

Founders:

Fabian Terner, Malte Rau

Pliant

8.0M EUR / Series A

Pliant helps companies in issuing adaptable physical and virtual credit cards tailored to their unique business requirements and processes.

Categories:

Credit Cards • Finance • Financial Services • FinTech

Founders:

Fabian Terner, Malte Rau

Investors:

ALSTIN Capital, Molten Ventures, Motive Ventures + 1 more

More Fundings

Company Amount / Round Lead Investor
Electra 304M EUR / Series B PGGM Investments
Soly 30M EUR / Series B ArcTern Ventures
Xyte $20M / Series A Intel Capital
Xyte $10M / Debt Financing BlackRock
0xScope $5.0M / Seed Round HashKey Capital
KisanKonnect 310M INR / Seed Round Green Frontier Capital
All Recent Funding Activity

Recent Acquisitions

ABF Décisions

Pending acquisition by Warrant Hub for Unknown

More Acquisitions

Company Acquired By Amount
Life Quotes Keystone Agency Partners Unknown
All Recent Acquisition Activity

Upcoming Tech Events

LEAP and DeepFest

March 4 - 7, 2024 in Maham

LEAP and DeepFest stand out as the world's most widely attended technology events.

Accelerator Deadlines

Date Accelerator Location
Jan 19, 2024 Alchemist Accelerator San Francisco
Jan 20, 2024 Peachscore Los Angeles
More Upcoming Deadlines
Don’t see your event? Reach out to us at events@crunchbase.com.

Discover innovative companies and the people behind them.

Follow Us on Crunchbase View Jobs on LinkedIn Follow Us on Twitter Like Us on Facebook

564 Market St, San Francisco, CA 94104
© 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service

Unsubscribe from Crunchbase Daily.

No comments:

Post a Comment