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Information Security Report

Q3 2024

Information Security Report

December 9, 2024

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Cybersecurity VC funding returns to growth 

Generative AI is lending a boost to information security VC investment—both for what AI can do for cybersecurity software and to defend the threats it poses, according to our latest Emerging Tech Research. 

Takeaways include:
 
  • Infosec VC investment is on pace to grow YoY, with $8.8 billion deployed through Q3. 
 
  • The Morningstar PitchBook Cybersecurity Unicorn Index has outperformed indexes of both global unicorns and AI unicorns since 2021. 
 
  • A loaded IPO pipeline should benefit from Rubrik: The company went public in April, and its stock is up more than 50% over the past month.  

Table of contents
Vertical update 3
Q3 2024 timeline 4
Infosec VC deal summary 5
Infosec landscape 6
Infosec VC ecosystem market map 7
VC activity 8
Innovation spotlights 16
       Exposure management 17
       Postquantum encryption 19
       Software supply chain security 20
Select company highlight 21
       Snyk 22