WASHINGTON, DC – At a congressional hearing today before the Senate Committee on Commerce, Science, and Transportation, NVCA Board Chair Venky Ganesan, Managing Director at Menlo Ventures, testified on the critical role of venture capital in supporting innovation in cybersecurity. Since 2010, venture investors have deployed over $14.6 billion in more than 740 cybersecurity companies, including $3.52 billion in 2015 and $2.75 billion in 2016.
“Cybersecurity innovation and venture capital have been inextricably intertwined right from the beginning. Some of the biggest innovations in cybersecurity have been introduced by venture capital backed startups,” said Ganesan in his prepared testimony. Read more