What’s the key to surviving as a cyber security startup?
A unique product, ample funding and strong partnerships are just three key ingredients you’ll need if your cyber security startup is to survive and thrive.
It’s always a gamble to establish a startup, but if you were to choose any sector where you’d fancy your chances of success, it would surely be cybersecurity.
After all, the cyber security market is estimated to grow to $224.48 billion by 2022, according to Statistics MRC, while CB Insights reports that venture capitalists (VC) invested $3.1 billion in a record 279 cyber security startups last year, a far cry from the $833 million invested in 117 firms in 2010.
Some notable companies have emerged in this time, Cloudflare, Tanium and Zscaler each raising $100 million or more, while specialized security VC funds and accelerators have appeared too.