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Cybersecurity Startups Face Down Rounds, Sale Pressures
The Information www.theinformation.com
It’s a paradox: Cyberattacks against governments, companies and individuals are escalating dramatically, lifting cybersecurity spending to a record. And yet there are so many cybersecurity startups competing with each other—and with bigger tech companies such as Microsoft and Palo Alto Networks—that a shakeout in the sector is seen as inevitable.
At the very least, some startups will have to accept a big cut to their valuation if they want to raise money. A good example is Israeli cybersecurity startup Noname …
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