Venture investors are clamoring to back cybersecurity startups after record hacking last year and calls by U.S. President Donald Trump and other global leaders to do more to protect against digital attacks.
VC firms invested $3.1 billion in a record 279 cybersecurity startups in 2016, according to research firm CB Insights. That compares to $3.7 billion in 272 startups the year before and $833 million in 117 in 2010.
Specialized cybersecurity VC funds have sprouted, suggesting this area of the startup world will stay busy. The latest example is Trident Capital Cybersecurity, which said Wednesday it closed a $300 million ...
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