After years of growth, funding for cybersecurity startups is beginning to slow down, a symptom of the broader economic malaise and — perhaps — market oversaturation. According to a recent note from Pinpoint Search Group, cybersecurity funding dipped 55% in Q2 2023 compared to Q2 2022 — a steep decline by any measure.
At the same time, the cybersecurity market continues to outpace the broader tech market. That same Pinpoint memo found that the cybersecurity sector underwent 12.5% year-over-year growth in Q1 2023.
As something of a case in point, Netcraft, a cybercrime detectio
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