As employees across Europe are forced to work from home because of the Covid-19, cyberthreats are on the rise. So is demand for cybersecurity software.
The cybersecurity market is valued about $180bn globally, and split between tech-lead products and more service-based offerings, says Damien Henault, partner at London-based venture capital firm TempoCap, which invested in CybelAngel and six other security startups including Systancia.
“To fill their cybersecurity needs, companies typically go for a mix of well-established digital service providers and more niche specialised offerings,” says Henault. “It’s a fragmented market with opportunities for suppliers small and big, and where startups can scale quickly.”
Read more: Sifted