Cybersecurity Dive July 18, 2024
Bigger rounds for more mature startups fueled a sustained period of funding growth for the sector, according to Crunchbase.
Dive Brief:
- Venture capitalists funneled $4.4 billion into cybersecurity startups during the second quarter of 2024, marking the strongest funding quarter for the sector since 2022, according to Crunchbase data released Wednesday.
- Funding in the second quarter jumped 144% year over year and 63% from the first quarter of 2024. Cyber startups raised $1.8 billion in the second quarter of 2023 and $2.7 billion in Q1 of this year.
- Dealmaking activity in the first half of 2024, totaling $7.1 billion, marked a sustained multiple-quarter period of funding growth for the sector. In the first half of last year, startups raised...
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