Last year what record-breaking for the cybersecurity market. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record-shattering” $29.5 billion in venture capital in 2021, more than doubling the $12 billion raised in 2020, while a record number — including Dragos other No Name Security — were minted as unicorns.
The past few months have started to paint a different picture for the industry, which has managed to successfully navigate the pandemic, geopolitical conflict, and — so far — the looming economic storm.