Wednesday, 17 July 2024

Cybersecurity funding continues climb

Plus, another semiconductor startup dreams big

July 17, 2024

Hi, Agen. Venture funding continues to show signs of bouncing back after a slowdown of several quarters. Cybersecurity is the latest sector to put up strong numbers — registering its best quarter in more than two years with $4.4 billion rolling to VC-backed companies. We run down all the specifics in our cyber quarterly report. Also, another semiconductor startup has big dreams as DreamBig Semiconductor locks up a $75 million equity round.

💰 Cyber funding continues bounce back

Funding to cybersecurity startups had its best quarter in more than two years, with $4.4 billion pouring into VC-backed companies. The dollar figure is a 63% increase from Q1 — which saw $2.7 billion raised.

💪 Semiconductor startups roll of big rounds continue

DreamBig Semiconductor became the second chip startup this week to raise big — locking up a $75 million equity round, which included an investment from the Samsung Catalyst Fund. The semiconductor industry continues to ride the current AI wave, as the market looks for specialized generative AI chips that are more cost-effective and energy-efficient, but also faster.

📊 Latin American startup funding rebounds

Funding to Latin American startups rose in the second quarter, led by a resurgence in late-stage dealmaking and a pickup in venture investment in Mexico.

🛡️ Cybersecurity unicorn Wiz in talks with Google — report

Alphabet, the parent company of Google, is reportedly in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion. The potential deal would essentially double Wiz’s valuation from just two months ago.

🌏 European venture funding bounced back a little in Q2

Funding to that region’s startups saw a nice 31% uptick quarter to quarter and 17% year to year, based on an analysis of Crunchbase data. Perhaps most noteworthy was for the first time in a decade, quarterly funding to European startups was higher than to Asian startups.

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