Security News
Jay Fitzgerald
July 04, 2022, 10:00 AM EDT
Despite economic concerns, the funds keep flowing to promising young security firms.
Despite market upheavals and fears of a recession, investors continued to show their strong support for cybersecurity startups during the first half of 2022.
All types of cybersecurity startups are benefiting from the huge demand for security products to counter increasingly brazen cyberattacks and other malicious antics by hackers.
Exact funding numbers for the second quarter are not in yet, but the first quarter saw nearly $6 billion in cybersecurity funding, up 50 percent from the same quarter in 2021, according to Crunchbase.
There are signs of a cooling market, such as the fact that 1Q 2022 funding was significantly lower than 4Q 2021 funding, according to Crunchbase.
A number of investment players also note that venture valuations have been falling lately, due to the drying up of the IPO market and worrying signs of a possible economic downturn.
Still, there’s no denying it was a good funding spring for a lot of young cybersecurity startups.
The following are 10 of the hottest cybersecurity companies so far in 2022. Click through our slideshow to see the details of each startup.
* Tailscale
* Mosyle
* Abnormal Security
* Island
* Talon Cyber Security
* Fortress Information Security
* BlueVoyant
* Coro
* Grip Security
* StackHawk
Source: https://www.crn.com/news/security/the-10-hottest-cybersecurity-startups-in-2022-so-far-