Cybersecurity News

From manufacturing to banking and software development to ride hailing — none of it can happen without the proper security in place to protect it from hackers, bad actors and other threats, both internal and external.

Welcome to Crunchbase News’ page dedicated to all things cybersecurity — bringing together cyber news concerning startups, venture capital, funding, new technologies and trends old and new. 

Latest Articles

May 23, 2024 · 4 min read

Defense Tech Funding Slows At Start Of Year

Through the middle of May, funding is less than half of what it was at the same point last year, per Crunchbase data, despite the war in Ukraine continuing into its third year and tensions in the Middle East running high. 
May 21, 2024 · 3 min read

Megadeals Explode Early In The Year As US Startups Gobble Up More $100M+ Rounds

May 20, 2024 · 2 min read

CyberArk Buys Thoma Bravo-Backed Venafi For $1.5B

May 15, 2024 · 3 min read

‘There’s A Lot Of Noise’ — VCs Trying To Find Clarity In Cluttered Cyber AI Landscape

May 15, 2024 · 3 min read

Most-Active US Investors: Sequoia, Khosla, General Catalyst Lead Strong Pack In April

May 14, 2024 · 4 min read

AI, Web3 And E-Commerce Led For New Unicorns In April 2024

May 08, 2024 · 4 min read

Deal-Making Involving VC-Backed Startups Picks Up Slightly, But Still Slow

May 08, 2024 · 3 min read

Former Unicorns Are Bouncing Back From Bankruptcy

May 07, 2024 · 2 min read

Cloud Security Firm Wiz Raises $1B At $12B Valuation

May 07, 2024 · 3 min read

Florida Startup Funding Has Stopped Shrinking

May 03, 2024 · 5 min read

The Week’s 10 Biggest Funding Rounds: CoreWeave’s $1.1B Raise Leads Huge Week

May 02, 2024 · 5 min read

The 10 Biggest Rounds Of April: Xaira And Pine Gate Lead Huge Month Of Megadeals

Apr 30, 2024 · 2 min read

Cyber Firms Island, Corelight Raise Big

Apr 26, 2024 · 4 min read

The Week’s 10 Biggest Funding Rounds: Xaira And Other AI Startups Have Huge Week

Apr 26, 2024 · 4 min read

New Funds Target Out-Of-Favor Startup Sectors

Apr 25, 2024 · 2 min read

Rubrik Shares Rise In Debut After Pricing Above Projected Range

Apr 25, 2024 · 4 min read

IPO Market Insiders ‘Cautiously Optimistic’ That Current Trickle Will Get Stronger

Apr 23, 2024 · 8 min read

The Mixed State Of Startup Funding In 2024, In 11 Charts

Apr 19, 2024 · 4 min read

The Week’s 10 Biggest Funding Rounds: Metsera And Rivos Headline A Slow Week

Apr 17, 2024 · 3 min read

The Shrinking Series E: More Senior Startups Raise Smaller Follow-On Rounds

Apr 16, 2024 · 4 min read

Cybersecurity Funding Shows Resilience In Q1

Apr 12, 2024 · 4 min read

The Week’s 10 Biggest Funding Rounds: Cyera And Monad Labs Raise Massive Rounds In Big Week

Apr 09, 2024 · 2 min read

Data Security Startup Cyera Locks Up $300M At $1.4B Valuation

Apr 02, 2024 · 5 min read

The 10 Biggest Rounds Of March: Wonder, Biotech Headline Big Month

Mar 29, 2024 · 5 min read

The Week’s 10 Biggest Funding Rounds: Celestial AI Tops List Of Large Raises

Frequently Asked Questions

What is cybersecurity?

Cybersecurity refers to the practice of protecting computers, networks and data from unauthorized access, damage or theft. It involves keeping private and sensitive information — everything from passwords to consumers’ personal information, to private company financial details and intellectual property — safe from hackers, bots, viruses and other threats. 

Overall, cybersecurity practices aim to create a secure digital environment by proactively identifying and addressing vulnerabilities, monitoring for potential threats, and responding swiftly to mitigate risks. 

What are some specific cybersecurity tools and strategies?

Cybersecurity approaches constantly evolve to respond to new types of threats, but broadly include:

  • Network security: Implementing firewalls, intrusion detection systems (IDS), and other mechanisms to protect networks from unauthorized access and malicious activities.
  • Application security: Ensuring that software applications are designed, developed and maintained with security in mind to prevent vulnerabilities that could be exploited.
  • Data protection: Encrypting sensitive data, establishing access controls, and implementing secure backup and recovery procedures to safeguard information.
  • Identity and access management: Employing authentication and authorization mechanisms to verify users’ identities and control their access to systems and data.
  • Incident response: Developing plans and processes to detect, respond to and recover from security incidents effectively to minimize potential damages.
  • Security awareness and training: Educating users about best practices, potential risks, and how to recognize and respond to security threats.
  • Vulnerability management: Regularly scanning systems for vulnerabilities, applying security patches, and keeping software and hardware up to date.
  • Security auditing and compliance: Conducting regular audits and assessments to evaluate the effectiveness of security controls and ensure compliance with relevant regulations and standards.

 

What are the biggest cybersecurity companies?

The largest companies that offer cybersecurity services include, among others:

  • Palo Alto Networks — specializes in network security and offers firewall and intrusion prevention systems.
  • Fortinet — known for network security appliances and provides firewall, VPN, antivirus, intrusion prevention and endpoint security services.
  • CrowdStrike — a company known for its endpoint protection platform, which includes antivirus, threat intelligence and incident response technology.
  • CloudFlare — with technology that aims to help websites load faster and stay safe from online threats through services such as DDoS protection, web application firewalls and SSL/TLS encryption.
  • Cisco Systems — offers network security, cloud security and endpoint protection technologies.
  • Zscaler — provides cloud-based security services including secure web gateways, firewall as a service and data loss prevention.
  • McAfee — offers a suite of cybersecurity services including antivirus software, network security, data protection and threat intelligence.
  • Okta — operates an identity and access management platform that helps organizations manage and control user authentication, authorization and access to applications. 
  • Check Point Software Technologies — offers cybersecurity products including firewalls, network security appliances, endpoint security and threat intelligence services. 
  • Trend Micro — specializes in endpoint security, cloud security and network defense services.

What are examples of cybersecurity unicorn startups?

Cybersecurity companies on The Crunchbase Unicorn Board as of mid-2023 include:

  • Wiz — offers an automated cloud security platform to help businesses identify and remediate security vulnerabilities and misconfigurations within their cloud infrastructure.
  • Tanium — provider of endpoint security and management services for organizations.
  • Lacework — specializes in automated threat detection, compliance monitoring and anomaly detection for cloud computing environments.
  • Fireblocks — offers a digital asset custody and transfer platform designed to help organizations safeguard and manage digital assets including cryptocurrencies.
  • Netskope — makes tools to monitor and safeguard against threats to cloud services, applications and data.
  • Snyke — a platform that helps software developers identify and fix vulnerabilities in open-source code and containers.
  • 1Password — provides a password manager and digital vault for consumers and businesses to securely store, generate and manage their passwords and other sensitive information.
  • OneTrust — a privacy management platform for organizations to manage and demonstrate compliance with data privacy regulations, conduct assessments and implement data governance practices.
  • Coalition — provides risk management, insurance and incident response services for businesses to protect against cyber threats and recover from cyber incidents.
  • SonarSource — provides tools for code analysis and inspection to help software developers spot and fix vulnerabilities in computing code.

What are the biggest cybersecurity trends?

The biggest cybersecurity trends in 2022 and 2023 include technologies focused on identity and authentication, data and privacy, governance, network security, and innovations around securing financial services and cryptocurrencies. 

Expect more emphasis to be placed on security’s role in protecting data and proprietary information used in AI modeling.

How much venture funding has gone to cybersecurity?

Venture capital in cybersecurity hit a record high in 2021 — like it did in many industries — but last year saw it come back down to Earth. Funding to cybersecurity startups dropped by a third in 2022, according to Crunchbase data

While 2021 saw a record $22.8 billion roll into startups in the cybersecurity sector, that number fell to $15.3 billion last year. Still, the 2022 venture total represents a 68% increase from 2020 — which until 2021 was the high-water mark for venture funding in the industry.

What is the state of the cybersecurity jobs market?

The cybersecurity jobs market is robust. As cyber threats have proliferated, so have jobs in the cybersecurity industry.

In the private sector, that includes roles at cybersecurity startups and public companies; governments around the world have also staffed up their cyber defense units to combat cyber crime and national security threats. 

The U.S. Bureau of Labor Statistics projects that the job market for information security analysts will grow 35% between 2021 and 2031, with about 19,500 new job openings in the sector added each year — a much faster growth rate than the overall job market. Information security analysts in the U.S. earn on average $102,600 per year, according to the BLS.

Where can I read cybersecurity industry news?

All of Crunchbase News’ cybersecurity articles are added to this page as we report them.