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Cybersecurity VC Funding Plummets Even Before Coronavirus

An analysis by cybersecurity venture capital outfit DataTribe has found that early-stage venture investment in the industry declined sharply to start the year, ahead of another predicted fall due to the coronavirus pandemic. So reports Politico.

corona 4893276 640 smallDataTribe tracked 43 deals in January and February 2020, down from 91 over the same two months last year and 103 in 2018.

According to co-founder Mike Janke, the decline was probably due to trade tensions between the U.S. and China, geopolitical tensions between the U.S. and Iran and domestic U.S. political tensions, notably President Trump’s impeachment.

Read the full article from Politico.

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