Report: Cybersecurity sector sees VC growth for 1st time since last year

The cybersecurity sector saw growth in venture capital funding during the second quarter of 2018 after three consecutive quarter of declining investment, according to a joint report by PwC and CB Insights.

Cybersecurity startups cinched nearly $1.7 billion in funding across 65 VC deals for the quarter, up from $557 million in funding across 60 VC deals during the first quarter of 2018. The report attributed the spike in funding to four mega-rounds — or funding rounds that earned more than $100 million — during the second quarter. The previous three quarters saw two mega-rounds in total.

Here are five cybersecurity startups that received the most VC funding during the second quarter of 2018:

1. CrowdStrike, a Sunnyvale, Calif.-based internet software and services company: $200 million

2. Tanium, an Emeryville, Calif.-based security software company: $175 million

3. Cylance, an Irvine, Calif.-based security software company: $120 million

4. Signifyd, a San Jose, Calif.-based internet software and services company: $100 million

5. IronNet Cybersecurity, a Fulton, Md.-based IT services company: $78 million

To access PwC and CB Insights' report, click here.

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