Other highlights from the RSA Conference include the opening news of cloud security startup Wiz securing a $1 billion round at a $12 billion valuation. There is also growing interest in startups focusing on disinformation, particularly in the context of national elections. Investors are also keeping an eye on the strengthening M&A market, with expectations of increased activity in Q4. Private equity has already been active this year, with Thoma Bravo's recent acquisition of Darktrace for $5.32 billion.
Key takeaways:
- Investors at the annual RSA Conference expressed a desire for clarity amidst the 'noise' surrounding AI in cybersecurity startups, with many taking their time to invest.
- Funding for AI-related cybersecurity startups has increased in 2021, with $263 million invested in Q1 compared to $103 million in Q4 of 2020.
- Startups focusing on disinformation are receiving interest, particularly those that can analyze data across multiple platforms like the dark web and social media.
- The M&A market for cyber startups is slowly strengthening, with expectations of increased activity in Q4.