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Reactions to the Russian invasion of Ukraine run the gamut, from inducing debilitating anxiety to inspiring activism to barely registering. Whatever mode you find yourself in, there are ways to take care of yourself and be helpful during these turbulent times. For our part, we're looking at the recent growth in cybersecurity investments that are sure to continue as war goes digital. According to Forbes, "immediately after the conflict broke out, suspected Russian-sourced cyberattacks were observed over a 48-hour period at an increase of over 800%."
Lo and behold, even before this conflict erupted, cybersecurity was one of the top industry keywords for private company funding. Our data reveal that the keyword experienced a 129% year-over-year increase in 2021. This year, cybersecurity start-ups are off to an even bigger start, raising $3.2BN in February alone.
Major deals include the $1BN funding round for Texas-based Securonix. New York-based Scope Security raised $20MM to stop ransomware in healthcare, and Ardrive raised $17.5MM to store invaluable digital assets securely.
For more deals, search fundings using the keyword "cyber security."
Numbers Don't Lie
Investors are losing optimism for companies that have taken the SPAC route.
[WSJ]
Sonos vs. Big Tech
Sonos went up against Google for patent infringement. And won.
[The Verge]
Since last week, PrivCo has added: 964 Companies | 271 Funding Activities | 175 M&A Deals