May 24, 2023 – The pandemic drove investment in the cybersecurity sector: Most companies and workers were hunkered down in their ersatz bunkers, spending freely on technology while riding out the lockdown. Post-pandemic, market forces are toning down investment enthusiasm, as rising interest rates, inflation, and stock market volatility have replaced the pandemic as top-of-mind concerns.

This Impact Report is an in-depth look at pre/post-pandemic capital investment in cybersecurity using a five-year period (FY 2019 to April 2023) to understand how the economic uncertainty surrounding the COVID-19 pandemic affects cybersecurity vendors’ ability to raise new capital to sustain and grow their businesses. This report is a must-read for founders of cybersecurity vendors seeking investment and VC and PE firms seeking to invest in the sector; it answers many questions about raising capital from a fact-based historical investment perspective.

Clients of Aite-Novarica Group’s Cybersecurity service can download this report.

This report mentions 1Password, 6Clicks, Accel, Acrew Capital, AirEye, Aqua Security, ARK Investment Management, Artic Wolf, At-Bay, AttackIQ, Battery Ventures, Bessemer Ventures, Cato Networks, Cloudflare, Cybereason, Dazz, Deep Instinct, Dell Technology Capital, Devo, Energy Impact Partners, Exabeam, Expel, ForgePoint Capital, FORT Robotics, Georgian Partners, Glasswing Ventures, GoFundMe, Google Ventures, Guardz Inc., Hunters, Illumio, Index Ventures, Indiegogo, Insight Partners, Kasada, Kickstarter, Lacework, Lightspeed Venture Partners, Lupovis, M12, Mesh Security, Netography, Paladin Capital Group, Securities and Exchange Commission, SecurityScorecard, Sequoia, Softbank Vision Fund, Swimlane, Ten Eleven Ventures, Tiger Global, U.S. Bureau of Labor Statistics, Wizdome Ltd., YL Ventures, and Zama.