In 2017, venture capitalists invested more than $7.6 billion into cybersecurity startups, helping flood the marketplace with an assortment of new software built to prevent malicious attacks before they happen – or fix them once they do.
Although CryptoMove was one of those cybersecurity startups that got funded last year, Mike Burshteyn, its CEO, doesn’t consider his firm to just be part of the pack. CryptoMove’s technology is superior to that of other cybersecurity companies and could change the way cybersecurity is done forever, he said.
“It’s certainly a crowded space,” Burshteyn said. “I don’t think there’s any question that security is overfunded. But we have no control over the timing of our invention.”