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Event Name: Cybersecurity Investment Trends
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Event Date: 03/09/2022
Event Time: 1200 - 1300
Event Organizer: Silicon Valley Chapter
Description: Cybercrime costed the world almost $1 trillion in 2020 as the coronavirus pandemic provided new opportunities for hackers to target consumers and businesses. Despite a surge in crime, many companies lack a clear plan for dealing with cyberattacks. Gartner predicts that annual global spending on cybersecurity will reach $170 billion by 2022. Even with this ever increasing levels of organizational spend on security related hardware, software and services, cyber attacks continue unabated. The average total cost of a data breach is $4.24m and dwell time is 287 days. In this session we will look at venture capital investments and M&A trends in security, innovative segments that are attracting investors, how investors are evaluating security startups, recent exits and post IPO performance
Event Subject: Cybersecurity, trends
Event Speaker: Ravi Mulugu is a Senior Investment Director at UL Ventures, the venture arm of UL. He focuses on early-stage venture investments related to Cybersecurity and Industrial Internet of Things. Before joining UL, Ravi worked at Next47 (Siemens Venture Capital) where he invested in growth stage startups in Smart Grid, Industrial IoT and Analytics.
Event Category: Conference
Location: Web
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