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Investment in the booming cybersecurity industry could be one of 'the first signs of recovery' a?? here's where five insiders say to place your bets in the fast-growing industry

Investment in the booming cybersecurity industry could be one of 'the first signs of recovery' a?? here's where five insiders say to place your bets in the fast-growing industry

Chenxi Wang of Rain Capital.
Rain Capital




Investments in cybersecurity were 19% of all early venture capital deals in Q3, a record high, according to startup accelerator DataTribe.




DataTribe says cybersecurity investing marks one of the "first signs of recovery," especially in the area of security protecting software development.




Investment experts at Kleiner Perkins, Rain, Sapphire, and PitchBook also shared their opinions on the hot areas of cybersecurity investing.




The investors names the startups Apiiro, BioCatch, Netskope, BlackCloak, and Exabeam as possible breakouts as an economic recovery hits cybersecurity, perhaps in Q4.




Visit Business Insider's homepage for more stories.


Cybersecurity is heading into the home stretch of 2020 as a bright spot in investing a?? especially for new startups that address certain areas such as remote work needs a?? according to a new report and commentary from top investors.This makes investment in cybersecurity an early and promising area of economic recovery from the COVID-19 downturn, they say. New research from cybersecurity startup accelerator DataTribe shows seed investment in security startups is booming, both in comparison to past years and to other parts of tech."These numbers are the craziest I've ever seen in all my years of doing this," says Mike Janke, cofounder of DataTribe. In Q3, cybersecurity represented a record-high 19% of all US early venture activity, the report found. Deal size for early cybersecurity startups was up 33% in Q3 compared to Q3 2019, DataTribe found. "Q3 marks the first signs of recovery for those industries bolstered by the pandemic, particularly cybersecurity," DataTribe says in the new report. Janke and other top investment experts point to certain key areas in Q4 and 2021, including the red-hot area of developer security, which involves protecting computer code from security vulnerabilities as software and applications are being created. Forrester cybersecurity analyst Jeff Pollard agrees that security investing could lead the way out of the downturn for tech. "Cybersecurity spending a?? due to externalities such as attackers, regulatory bodies, governments, and third party requirements a?? will likely make the sector a source of faster recovery in tech spending areas," he says. Here is the guidance from Janke and four other top experts on where they're placing their bets:

Mike Janke, cofounder of DataTribe startup accelerator

Investment in the booming cybersecurity industry could be one of 'the first signs of recovery' a?? here's where five insiders say to place your bets in the fast-growing industry

Mike Janke of DataTribe.
DataTribe
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