According to research firm CB Insights, venture firms invested $1.2 billion in cybersecurity startups in the first half of 2015, Wall Street Journal reports. While that number is slightly less than the $1.4 billion invested in the first half of 2014, it’s a significant departure from the $771 million invested in the first half of 2013, according to the report.
Some key investments include a $10.8 million round for Keybase, a company seeking to make encryption easier to use, and $100 million for Crowdstrike, which focuses on tracing Chinese and Russian hackers, according to the report.
However, Bob Ackerman, a managing director of Allegis Capital, told Wall Street Journal that such quick investments in cybersecurity startups is a business risk for investors, as every new security technology could become obsolete with just one data breach.
More articles on cybersecurity:
For healthcare companies, data security is a critical test
5 best cybersecurity practices from a CIO roundtable
More CIOs could face legal consequences following data breaches
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