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It’s at all times laborious to know the way a startup class will fare in a downturn. However when you had requested me just a few months in the past, I might have anticipated cybersecurity to be comparatively recession-proof, similar to data observability. What I didn’t have in my playing cards but, although, was generative AI and animal agriculture. — Anna
A tricky H1
Numbers are out on funding into cybersecurity final quarter, and they aren’t good, to a stunning extent. In accordance with Crunchbase, cybersecurity startups solely raised $1.6 billion in venture funding within the second quarter of the yr.
Not solely does this signify a 63% quarter-on-quarter decline, however that is additionally the bottom quantity this sector raised in any given quarter since This fall 2019.