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Enterprise Software: Next-Generation Authorization Startups
The demand for innovation in enterprise security infrastructure will increase substantially over this next decade. There are several challenging problems in the enterprise security space today, and startups are continuing to emerge that step up and provide creative solutions. In particular, the next generation of authorization is one of the most intriguing areas to look out for.
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6 min readApr 18, 2022
The Demand for Enterprise Security
Cyberattacks and security threats have become increasingly costly over the past few years: the average cost of a data branch increased from $3.86 million in 2020 to $4.24 million in 2021 (Source). Venture firms are adopting to the rising need for greater security. In 2021, total venture funding for cybersecurity hit a record $21.8 billion. In 2020, venture funding was around 40% of that number. In prior years, the overall funding numbers were significantly less than that. There are three core areas of cybersecurity that continue to be at the forefront: identity security, network security, and endpoint security.
