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Investors flock to cyber security start-ups
From: InfoSec News <alerts () infosecnews org>
Date: Thu, 13 Mar 2014 05:46:14 +0000 (UTC)
By Hannah Kuchler in San Francisco
March 12, 2014
Cyber security start-ups have become the latest fascination for Silicon
Valley investors, who have flooded the sector with venture capital
investment as they seek to back the latest technology to combat criminals
Early-stage funding for the sector soared by almost 60 per cent last year
to $244m worldwide, according to data from research group PrivCo. The
number of deals rose even faster, up more than 100 per cent year-on-year
to more than one a week. The figures imply multibillion-dollar valuations
in total for these young companies, which often only have a small number
The investment boom in cyber security companies comes as cyber crime is on
the rise and recent high-profile attacks, such as the data breach at US
retailer Target and the theft of customer details at Adobe, the software
company, have highlighted the extent of the threat.
Ted Schlein, a partner at Kleiner Perkins Caufield Byers, the Silicon
Valley venture capital firm, says there has been a "huge mental shift" in
companies and they are increasingly willing to spend on cyber security.
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- Investors flock to cyber security start-ups InfoSec News (Mar 13)