There were times in the beginning of 2023 when it felt like it was over for the booming cybersecurity industry. 500 security companies were caught up in the closure of Silicon Valley Bank on March 10. Founders faced uncertainty as they were denied access to their funds for a harrowing 72 hours. Luckily, regulators opened the bank and gave access to those funds. Payrolls were met.
3rd year that GRC has been at the top based on number of investments. I attribute that to the fact that for most GRC platforms their is very little technology, so smaller investments.
Sure. There are many GRC platforms that are simply web apps that replace shared spreadsheets for tracking exceptions, listing and verifying controls, etc. They are better than spreadsheets of course.
Interesting to see GRC and IAM at the top.
3rd year that GRC has been at the top based on number of investments. I attribute that to the fact that for most GRC platforms their is very little technology, so smaller investments.
What would you consider as a technology-limited GRC platform?
As a Cyber GRC vendor I can share that our platform is heavy with deep-tech and advanced automation
Sure. There are many GRC platforms that are simply web apps that replace shared spreadsheets for tracking exceptions, listing and verifying controls, etc. They are better than spreadsheets of course.
What people call 'glorified spreadsheets' ... :-)