Cyber security start-ups raised more than $1bn for the first time in a single quarter as investors bet on them benefiting after several high profile attacks by hackers on large companies.
Venture capital firms including Andreessen Horowitz and Kleiner Perkins, as well as VC arms of banks and technology companies, are pouring money into the sector as they anticipate rapid growth in cyber security budgets.
Demand for these services are expected to soar after high levels of publicity for recent attacks on big companies from Sony Pictures to Home Depot.
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