Security startups among the most-funded in New York City’s tech scene
Risk-management and security startups are in the spotlight among venture capitalists in the wake of increased remote work and a rise in high-profile cyberattacks.
And while current lockdowns and economic conditions may interfere with traditional deal making, a recent report tracking New York City-area startups reveals a surge of new funding.
These New York startups, which include BigID Inc., Payfone Inc. and BlueVoyant, offer software for cybersecurity, data governance and other risk-management functions.
Business interest in such technologies has intensified in recent years as companies seek ways to better manage risk-and-compliance issues associated with an explosion of user data, said Ram Jambunathan, a managing director of SAP.iO, the early-stage venture-capital arm of business software maker SAP SE.