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Web3 security, ransomware protection drive information security dealmaking
VCs invested $5.4 billion in information security in Q3, down slightly from Q2 but continuing a record year of funding, as dealmaking rises in tandem with both cyberattacks and corporate security spending.
Our Q3 Emerging Tech Research on infosec breaks down a strong quarter for the sector and highlights opportunities in Web3 security, data protection and encryption, and risk assessment.
- Venture funding in the information security sector reached an annual total of $16.2 billion, on pace to more than double 2020’s record deal value.
- Late-stage deals are poised to exceed early-stage activity for the first time since 2015, as the pandemic-driven trend of low early-stage deal count lingers.
- The market for enterprise Web3 security, a set of solutions that protect corporations' investments in cryptocurrency projects, is expected to grow at a 71% CAGR to reach $3 billion by 2024.
Table of Contents
|Q3 2021 timeline
|Information security VC ecosystem market map
|Data protection & encryption
|Security risk assessment
|Select company highlights