Even though deal volume was down, that didn’t matter when there were 27 funding rounds of $200 million or more. Instead, investors more than doubled down in 2021, increasing investment by about 145 percent. That seemed unlikely, especially when one considered the industry was already coming off a record year. Start Your Search 2021 was really, really bigĪs impressive as venture capital investors’ appetite was in the fourth quarter, the yearly numbers are just as astonishing-if not even more so.Īt the midway point of last year, many- including us-wondered if cybersecurity could break through the $20 billion mark in venture capital invested. That is despite 568 fewer funding deals in those three months when compared to all of 2020. That means the last three months of 2021 saw just about $1 billion less invested than all of the entire previous year, which was a record year before 2021. To help put the quarterly numbers in perspective, keep in mind 2020 saw $8.9 billion invested in cybersecurity globally. Also in December, it was reported New York-based Fireblocks, a security-focused platform for digital assets, raised a $400 million Series E round that included participation from Sequoia Capital at a valuation of $8 billion.In December, New York-based Claroty closed a $400 million Series E co-led by new investor SoftBank Vision Fund 2, as well as existing investors Bessemer Venture Partners and Schneider Electric.That same month, New York-based digital identity verification firm Socure closed a $450 million round led by Accel, alongside funds and accounts advised by T.The new investment gave a valuation of $8.3 billion to the 7-year-old company. In November, San Jose-based cloud security provider Lacework raised a $1.3 billion Series D round led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners and Tiger Global Management.Some of the largest rounds of the quarter included: In total, the quarter saw 11 rounds of $200 million or more. The fourth quarter included five of the top 10 funding deals in cybersecurity for the year. It wasn’t just the number of deals that led to the record, but also the size of some of the funding rounds. The quarter also saw more than 200 deals completed-more than any other quarter last year. The record quarter smashed the previous record of $5.3 billion, set just in the second quarter of 2021. The last quarter of 2021 saw a new all-time high of $7.8 billion invested into an array of security providers, according to Crunchbase data. Last year saw an unprecedented $21.8 billion in venture capital poured into cybersecurity companies globally-and investors set the record in style.Īside from setting the one-year record, the fourth quarter set a new quarterly record.
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