While many areas of start-up investing hit "pause" with the on-set of the COVID-19 pandemic, cyber security innovation investment continued at a torrid pace. The combined impact of forced enterprise decentralization and accelerated digitization brought on by the Corona virus, make clear the importance of cyber security and highlight the attractiveness of segment for investors
"These numbers are the craziest I've ever seen in all my years of doing this," says Mike Janke, cofounder of DataTribe. In Q3, cybersecurity represented a record-high 19% of all US early venture activity, the report found. Deal size for early cybersecurity startups was up 33% in Q3 compared to Q3 2019, DataTribe found.