Amidst The Ashley Madison Scandal, A Cyber Security Firm Raises $120m
What's going on?
A cyber security startup, called Tanium, is raising $120m at an impressive valuation of $3.5bn! It’s a sign of the huge interest from investors in firms that act to protect businesses from cyber attacks (an ever growing threat in the digital age).
What does this mean?
Companies are, rightly, paying a lot more attention to their cyber security. Last year’s Sony hack and the recent Ashley Madison hack are but two examples of how hackers can wreak havoc on a company – and its share price. Venture capital (VC) firms have massively increased their investments in cyber security firms as they predict corporate budgets for cyber security will substantially increase.
Why should I care?
Tanium appears to be a real force in the cyber security space. Its technology is truly transformative and it counts the world’s biggest companies and governments (such as Amazon, Visa and the US government) as its clients.
Unfortunately, it is virtually impossible for individuals to invest in Tanium at the moment, but it is worth knowing that cyber-security is certainly a big trend for investors generally.
Originally posted as part of the Finimize daily email.
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