The Cyber Startup Foundry

Where the world's best come
to build dominant companies.

Global Cyber Innovation Summit 2021

The “Davos of Cybersecurity”

October 27th & 28th, 2021

FORGING COMMERCIAL COMPANIES FROM

Nation-State Domain Expertise

Hear What Others Are Saying About DataTribe

The World of Cyber

Post Types

Wall Street Journal VC Daily

WSJ VC Daily: Cyber Deals to Rise, DataTribe Says

Good day. Despite the venture-capital sector having its best quarter on record, the cybersecurity sector looked to be a laggard, at least on paper. In a new report, cybersecurity-focused venture firm DataTribe noted a drop in both deal count and size, while valuations rose. Median deal size of Series A funding rounds into cybersecurity startups fell roughly 17% to $10 million in the first quarter of this year compared with last year, according to U.S. data from provider PitchBook Data Inc. prepared for DataTribe. The number of cyber deals fell roughly 21% to 33 in the first quarter of 2021 compared to the same period of 2020. However, DataTribe said the number of startups approaching it for investment was up 80% compared with the same period a year earlier. “We believe it’s a sign that deal volumes in the coming quarter will increase since the number of companies seeking investment is a forward-looking indicator of early stage cyber investments,” DataTribe wrote in the report. The firm offered reasons for its outlook in the cyber sector going forward: High-profile cyberattacks have ramped up cybersecurity urgency; the Biden administration has made several recent appointments of cybersecurity experts to key posts. In addition, China’s rise as a potential cybersecurity threat is only ratcheting up the need for digital security.

DataTribe Announces $1.7M Seed Investment in SightGain

DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, announced today $1.7M seed investment in SightGain. SightGain won the 2020 DataTribe Challenge in December which made them eligible for a seed investment of up to $2M. SightGain is the only cybersecurity risk management platform that evaluates security readiness by testing how well both production systems and personnel detect and prevent actual malicious attacks.

Get to know the 2020 DataTribe Challenge Winner: Q&A with SightGain founder Christian Sorensen

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