2022-07-18Despite market turmoil and fears of a recession, investors backed cybersecurity startups in the first half of 2022.
Virtually every type of cybersecurity startup is benefiting from the huge demand for security products that are well positioned to respond to hackers' increasingly unscrupulous cyberattacks and other malicious behavior.
While exact funding numbers for the second quarter have yet to be released, nearly $6 billion was raised in the cybersecurity space in the first quarter, a 50% increase from the same period in 2021, according to Crunchbase.
However, according to Crunchbase data, there are signs that the market is cooling, for example, the amount of financing in the first quarter of 2022 will be significantly lower than that in the fourth quarter of 2021.
Some investors also pointed to a recent decline in risk valuations amid signs of a weak IPO market and concerns about a possible economic downturn.
But there's no denying that it's still a good source of funding for many young cybersecurity startups.
Let's take a look at the 10 hottest cybersecurity companies so far in 2022:
* Tailscale
* Mosyle
* Abnormal Security
* Island
* Talon Cyber Security
* Fortress Information Security
* BlueVoyant
* Coro
* Grip Security
* StackHawk
