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It’s all the time laborious to understand how a startup class will fare in a downturn. However should you had requested me a number of months in the past, I’d have anticipated cybersecurity to be comparatively recession-proof, similar to information observability. What I didn’t have in my playing cards but, although, was generative AI and animal agriculture. — Anna
A tricky H1
Numbers are out on funding into cybersecurity final quarter, and they aren’t good, to a shocking extent. In line with Crunchbase, cybersecurity startups solely raised $1.6 billion in venture funding within the second quarter of the 12 months.
Not solely does this signify a 63% quarter-on-quarter decline, however that is additionally the bottom quantity this sector raised in any given quarter since This autumn 2019.