It has been a record year for cybersecurity startups in terms of venture capitalist funding. In 2014, venture-backed companies in the U.S. raised $1.77 billion from investors, compared to the previous record of $1.62 billion in 2000, according to the Wall Street Journal.
The importance of cybersecurity has been reinforced this year, as Indianapolis-based Anthem and Mountlake Terrace, Wash.-based Premera both suffered cyberattacks that compromised the data of a combined 91 million individuals.
To protect such data, cybersecurity startups are developing a variety of approaches to detect and understand threats, according to the report. For example, some focus on software and services while others focus on hardware. Some crowdsource to gather information from a variety of sources to remain abreast of hackers' methods of infiltration, and others use machine learning to anticipate new attacks.
Palantir Technologies Inc. has raised the most funding since 2010, totaling $864.8 million. Based in Palo Alto, Calif., Palantir Technologies tracks numerous types of data so users can search and analyze them to find patterns related to security, according to the report.
More articles on cybersecurity:
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Anthem aftermath: CIOs and IT leaders recall what they did right after the attack