Companies and governments are leaning on cybersecurity to help fight disinformation, deepfakes and data breaches as a busy year for global elections presents heightened threats.
Investors poured more than $9.6 billion into information security startups across 693 deals in 2023, according to PitchBook’s latest report on the sector. Cybersecurity unicorns outperformed many of their emerging tech peers in valuation growth last year.
Top-performing companies continue to command high prices despite a VC pullback. Wiz hit a $10 billion valuation in February after raising a $300 million Series D. Keyfactor notched a $1.3 billion valuation in November, and Prove Identity surpassed a $1 billion valuation in October.
Here are the 10 most active VC investors in cybersecurity startups globally since 2017, according to PitchBook data.
Methodology: Lists of most-active investors are based on a tally of relevant deal types as defined by PitchBook. These deal types align with existing PitchBook report methodologies, which can be found here. This list is limited to VC investors and excludes angel groups, accelerators, incubators and growth investors, among other investor types.
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