Thursday, May 30, 2024
HomeTechnologyIf cybersecurity is not recession-proof, what's?

If cybersecurity is not recession-proof, what’s?

[ad_1]

W
elcome to the TechCrunch Trade, a weekly startups-and-markets e-newsletter. It’s impressed by the each day TechCrunch+ column the place it will get its identify. Need it in your inbox each Saturday? Enroll right here.

It’s at all times exhausting to understand how a startup class will fare in a downturn. However if you happen to had requested me just a few months in the past, I might have anticipated cybersecurity to be comparatively recession-proof, identical to knowledge observability. What I didn’t have in my playing cards but, although, was generative AI and animal agriculture. — Anna

A troublesome H1

Numbers are out on funding into cybersecurity final quarter, and they don’t seem to be good, to a shocking extent. In response to Crunchbase, cybersecurity startups solely raised $1.6 billion in venture funding within the second quarter of the yr.

Not solely does this symbolize a 63% quarter-on-quarter decline, however that is additionally the bottom quantity this sector raised in any given quarter since This fall 2019.



[ad_2]

Source link