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Funding for cyber-security companies is either slowing down or speeding up, or it’s doing both at the same time.
According to CB Insights, the deals and the dollars are flowing less freely than they did in 2015. The research firm anticipates some $3 billion being invested across more than 300 deals this year, but that’s less than the $3.75 billion poured into 336 deals in 2015.
Companies focused on enterprise data and network security continue to attract investor interest. Also, companies that offer predictive intelligence and smartphone security continue to get funded. The most significant cybersecurity funding so far this year has gone to Cylance ($100 million), Mobi Magic ($100 million), and LogicMonitor ($130 million), the research firm said in July.
Yet in May, Lux Research said venture funding for cyber-security will reach $400 million in 2016, up from $228 million in 2015.
These figures aren’t necessarily contradictory, however. Lux Research is looking at “cyberphysical security startups,” a different slice of the pie than CB Insights considers. Lux Research is focused more on pervasive computing and IoT.