Now even cybersecurity funding is tanking

Plus, the latest tech job cuts

July 11, 2023 Hi, Didong. If you need another reminder of just how dramatically the startup landscape has changed in the past year, look no further than Crunchbase’s latest numbers on cybersecurity funding. Turns out even one of VCs’ favorite sectors isn’t immune in this funding downturn. ⬇️ Why it matters that even cybersecurity funding is tanking Venture funding overall has plummeted since 2021’s all-time highs, but it’s particularly significant for cybersecurity — a sector long thought to be “recession proof.” And it’s not just dollars that are down. The deal count has also fallen significantly. We dive into the numbers. 🏠 Housing is hot but real estate startup funding is not As the broad pullback in venture investment extends into its second year, real estate-focused startups have not been spared, Crunchbase data shows. But market enthusiasm remains robust for business plans that strike a chord with the times. We look at what’s still getting VC investment. 🔥 After sizzling first half, don’t expect AI investment to cool off Seems like nearly every startup is claiming the AI label these days as one huge funding round is followed by an even bigger one. AI buzz has dominated the first half of this year, and all signs point to more big announcements to come. In this Mid-Year Report, we dig into 2023’s numbers and trends for AI investment. ✂️ The layoffs continue Even during a holiday week, some U.S. tech employers still trimmed their rosters. Check our updated layoffs database to see which companies cut U.S. tech jobs last week. Crunchbase ROI Calculator See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data. Calculate Crunchbase Pro: Searches and Lists Name Type Entries Top 50 companies today by Crunchbase Rank Companies 50 Artificial Intelligence companies funded in the last 3 months Funding Rounds 584 Acquisitions of security companies in the past 2 years Acquisitions 785 More Featured Searches and Lists Check out our Crunchbase solutions here – prospecting tools made for everyone Recent Investments Fisker $340M / Post-IPO Debt Fisker is a designer and manufacturer of electric vehicles and mobility solutions. Categories: Automotive • Electric Vehicle • Manufacturing Founders: Geeta Gupta-Fisker, Henrik Fisker Verifiable $27M / Series B Verifiable develops real-time credential verification platform intended to verify licenses, sanctions, and other important records. Categories: Health Care • Real Time • Software Founders: Nicholas Macario, Vivekanand Rajkumar Investors: Craft Ventures (Lead), 137 Ventures, Cooley + 3 more Evelo Biosciences $26M / Post-IPO Equity Evelo Biosciences is a biotechnology company that develops oral biologics for small intestinal axis with systemic therapeutic effects. Categories: Biotechnology • Health Care • Medical • Therapeutics Founders: David Berry, Noubar Afeyan More Fundings Company Amount / Round Lead Investor Hepster 10M EUR / Series B - Eratani $2.0M / Seed Round SBI Ven Capital Tivic Health $1.8M / Post-IPO Equity - Trash Butler Unknown / Private Equity Round TZP Group All Recent Funding Activity Recent Acquisitions Forcepoint Pending acquisition by TPG for $2.5B More Acquisitions Company Acquired By Amount Sidero GlobalLogic Unknown All Recent Acquisition Activity Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.