Is the Cybersecurity Market Ready for a Major Comeback

The RSA Conference in San Francisco attracted a large number of attendees and generated positive sentiments among venture capitalists regarding dealmaking and the IPO market. Notable deals included a $32 billion partnership between Wiz and Alphabet. In 2023, 32 VC-backed cyber startups were acquired, reflecting ongoing activity despite challenges. The acquisition pace slightly lagged behind last year’s high of 105 cyber startups. Investors noted the impact of global conflicts and economic uncertainties but maintained a generally positive outlook. The IPO market remains slow, yet inquiries for potential deals increased. Discussions highlighted AI’s mixed reception in security, with potential for development in the area of data health and usage. Investors expressed cautious optimism about future public offerings while recognizing adjustments in timelines.

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