VC funding of cybersecurity companies hits record $5.3B in 2018

It turned out to be a record year for venture capital firms investing in cybersecurity companies. According to new data out by Strategic Cyber Ventures, a cybersecurity-focused investment firm with a portfolio of four cybersecurity companies, more than $5.3 billion was funneled into companies focused on protecting networks, systems and data across the world, despite fewer deals done during the year. According to the report, North America leads the rest of the world with $4 billion in VC funding, with Europe and Asia neck-and-neck at around $550 million each, but growing year-over-year.