Even without a formal marketing team, the password management company has seen rapid growth, with 80,000 business customers and more than $100 million in annual recurring revenue.
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Dcode Capital/Accel Partners
Cybersecurity investing hit an all-time high in 2020 with over $7.8 billion of checks written.
Investors are focusing on angel, seed, and early-stage rounds, aiming to get in on the ground floor.
Insider asked five plugged-in investors about key trends and their top startups in the sector.
The cybersecurity market is booming like few other sectors of investing. Venture capitalists poured more than $7.8 billion into the cybersecurity industry globally in 2020, setting a new record. PitchBook, the startup analyst company, estimated the overall value of cybersecurity startups in 2020 at $148.2 billion, and projected that figure to swell to $206.9 billion by 2024.
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