Cybersecurity
VC Firms Back Record Number of Cybersecurity Startups in 2016
- Trident Capital Cybersecurity raises $300 million to back more
- Trump and other global leaders push for better cyber defenses
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Venture investors are clamoring to back cybersecurity startups after record hacking last year and calls by U.S. President Donald Trump and other global leaders to do more to protect against digital attacks.
VC firms invested $3.1 billion in a record 279 cybersecurity startups in 2016, according to research firm CB Insights. That compares to $3.7 billion in 272 startups the year before and $833 million in 117 in 2010.