In an increasingly digital world, startups, small businesses, and large corporations have at least one problem in common: ensuring the security of the data they store. We also know that security is top of mind for VCs, too—but likely more for the returns than the actual protection.
According to Scale Venture Partners’s 2018 cyber report, venture dollars invested in cybersecurity startups reached $5.4 billion last year, doubling from 2016 totals. The market also saw a number of exits in the space last year including Cisco’s $2.35 billion acquisition of Duo Security, and public debuts for Carbon Black, Okta, and Zscaler.
That investment activity has continued into Q1 2019, according to Crunchbase data. Bishop Fox’s funding announcement is among those included in this write-up by Crunchbase News.