As seen on Forbes.com
Article by: Louis Columbus
- There are 21,729 startups who either compete in or rely on cybersecurity technologies and solutions as a core part of their business models today, 1,653 of which have received seed funding in the last twelve months.
- Nearly $10B was invested in privacy and security companies in 2019, an all-time high in the last decade up more than five-fold from $1.7B in 2010, according to a recent Crunchbase query.
- From network and data security to I.T. governance, risk measurement, and policy compliance, cybersecurity is a growing industry estimated to be worth over $300B by 2025, according to C.B. Insight’s Emerging Trends Cybersecurity Report downloadable here.
- C.B. Insights predicts the worldwide identity and access management (IAM) market is expected to reach $23B by 2025.
In 2020, 268 startups have raised a total of $4.7B, averaging $21M each with a median funding amount of $6.1M according to a recent Crunchbase query. The global information security and risk management end-user spending are forecast to grow at a five-year CAGR of 9.2% to reach $174.5 billion in 2022. New growth in spending is related to digital transformation, regulatory compliance, increased security threats, and response capabilities, according to Gartner’s latest market estimates. New startups continue to attract investors as cybersecurity investments are viewed as the cure for uncertainty and the proliferating, more complex nature of breach attempts.
The 20 Best Cybersecurity Startups To Watch In 2020
Based on a methodology that equally weighs a startup’s ability to attract new customers, current and projected revenue growth, ability to adapt their solutions to growing industries and position in their chosen markets, the following are the best 20 cybersecurity startups to watch in 2020:
Source Defense – What makes Source Defense noteworthy is its unique approach to preventing attacks on websites and web properties of third-party origin. Their SaaS-based platform allows a site owner to set and enforce permissions, receive real-time alerts, and monitor third-party vendors’ behavior in real-time. By removing the security considerations from third-party integrations, Source Defense removes person-hours spent on tests and integrations, allowing sites to focus on generating revenues and new opportunities while keeping the site visitors safe and the site in high performance. Source Defense has raised a total of $20.5M in funding over three rounds.
Read the full list here.