Lack of Funding Could Lead to “Lost Generation” of Cyber-Startups

Early-stage cybersecurity companies in the UK have seen a year-on-year funding decline of 96% since March 2020, a trend which threatens to significantly curtail advancements in the sector. This is according to a new analysis by innovation center Plexal and database for fast-growth companies, Beauhurst, which found that cybersecurity startups seeking funding for the first time received only £11.9m in investment since the start of the COVID-19 lockdowns.

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