Cybersecurity is hot: Here are the biggest backers
From: Silicon Valley Buisness Journal
Cromwell Schubarth, Senior Technology Reporter
Cybersecurity is hot, with FireEye’s recent doubling in stock price after going public and this week’s $255 million acquisition of fingerprint tech company Validity Sensors the most recent examples.
But these are hardly isolated examples, according to recent reports from investment research firm CB Insights.
There have been nearly 80 sales and IPOs in the past 12 months by cybersecurity startups with an average tenfold return on investment, CB Insights reported.
In the same time frame there has been about $1.4 billion invested in 239 deals in the sector by venture firms.
The biggest investors in the sector since January 2012 have been Kleiner Perkins Caufield and Byers and Andreessen Horowitz, with 13 deals each.
Kleiner Perkins’ biggest bet is on San Mateo-based Alien Vault, which raised nearly $49 million in a pair of deals in July 2012 and last month. It was also involved in a the $34.5 million funding of Massachusetts-based Bit9 in July 2012.
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