Late-stage deals drive infosec funding to $2.2B in Q3
November 13, 2020
Venture investment in information security remained strong in Q3, with 146 rounds raising a total of $2.2 billion—the majority of which came from late-stage activity. The segments that fared best when it came to dealmaking, including fraud prevention and secure networking, are those that have become increasingly important in the face of the pandemic.
After steady expansion this year, infosec will resume its double-digit growth in 2021, according to our Q3 Emerging Tech Research report on the sector. Other key takeaways include:
After steady expansion this year, infosec will resume its double-digit growth in 2021, according to our Q3 Emerging Tech Research report on the sector. Other key takeaways include:
- The information security sector, estimated to be a $134.6 billion market this year, is projected to surpass $179 billion by 2023
- Exit volume stayed low in Q3, but the IPO window reopened, with major debuts including JFrog and Sumo Logic
- With Thoma Bravo's return to infosec last quarter, all eyes are on private equity firms potentially reviving their activity in the space
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