Cybersecurity Startup Funding Hits 5-Year Low, Drops 50% From 2022
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, as venture funding dipped to its lowest total since 2018. Security companies raised $8.2 billion in 692 venture capital deals last year — per Crunchbase numbers — compared to $16.3 billion in 941 deals in 2022.
