Research from CB Insights reveals $3.1 billion was funneled into almost 300 cybersecurity startups last year, CNBC reports. Endpoint protection technology company Tanium is now the top-funded, privately held cyber company, raising about $395 million. With cybersecurity, artificial intelligence and data protection technologies proving to be a potentially lucrative investment opportunity, Rick Grinnell, owner of Glasswing Ventures, says, "Security is one of the best near- to mid-term market segments to be in." Despite the flow of capital into the market, Vikram Phatak, CEO of NSS Labs, pointed out, "the bad guys have more money to spend than the good guys."
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