@seclink: Fun fact: Since 2024, the cybersecurity primary market has nearly dried up — the high-valuation bubble of previous years burst + IPO channels tightened, VCs exited en masse, and M&A valuations are only 1-2x PS, which in turn caused early-stage valuations to collapse.

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Summary

Since 2024, financing in the cybersecurity primary market has nearly dried up. The bursting of the high-valuation bubble and tightened IPOs led to VC exits, with M&A valuations only 1-2x PS, causing early-stage valuations to collapse.

Fun fact: Since 2024, the cybersecurity primary market has nearly dried up — the high-valuation bubble of previous years burst + IPO channels tightened, VCs exited en masse, and M&A valuations are only 1-2x PS, which in turn caused early-stage valuations to collapse.
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Cached at: 08/06/26, 06:34 AM

Fun fact:

Starting in 2024, the cybersecurity primary market nearly dried up — the high-valuation bubble of previous years burst + IPO channels tightened, VCs exited en masse, and M&A valuations dropped to just 1-2x PS, which in turn caused early-stage valuations to collapse.

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