Last year, venture capital funding for cybersecurity companies broke records. According to data from Pitchbook, in the first six months of last year alone, cybersecurity startups raised $9.9 billion globally. That figure was close to the entire total raised the year before. Additionally, the average valuation of cybersecurity companies raising funds more than doubled, to $475 million.
This influx in funding is likely because more and more companies are prioritizing cybersecurity as attacks increase. And startups are especially at risk. According to a recent report, more than half of all cyberattacks target small- to medium-sized enterprises.
That’s why cybersecurity entrepreneur Danny Mizrahi says cybersecurity is especially important for tech startups who are often tasked with keeping sensitive information confidential and protecting their product from hacks.
“There’s all these different cybersecurity policies that startups are supposed to have” Mizrahi says. And they don’t even know they’re supposed to have them until they’re closing a deal, which is sad because all of a sudden they’re freaking out.”
As a fellow startup founder, running two companies handling cybersecurity and IT, Mizrahi understands the challenges startups face when it comes to cybersecurity compliance. In a webinar for Founders Network members on August 9, 2022, he’ll cover the role of cybersecurity compliance in startup funding, sales, and data.
In his webinar, Mizrahi will cover:
About the Speaker:
Danny Mizrahi is the Founder/CEO of Contango IT and Co-Founder/Managing Director of GRSee Americas, a very well known, industry recognized, Cybersecurity company.
Mizrahi started his professional career at 14, as a runner on the NY Mercantile Exchange where he learned the word Contango and it’s meaning to always improve / gain value, where the future is higher than the present. After 4 years at the University of Maryland, Mizrahi came back to NY to be the Director of Sales and Marketing for an IT Consulting Company. Soon after, he realized that there were better ways to help businesses than simply providing traditional IT support, Managed Services and Break/Fix solutions.
Contango IT was originally created in 2009 to leverage Cloud technologies to help businesses lower costs, while increasing productivity, reliability and availability of their data. Since then, Contango IT has 30+ people and has become much more, specializing in IT Service and Support for over 170 businesses on a daily basis, Custom Programming/Application Development, and Infrastructure/Build Outs. Mizrahi has also recently become the Managing Director for one of the top Cybersecurity companies in the world, GRSee Americas.
Mizrahi and his wife Sarah have 3 children, Shayna, Oakley and Rocco, and live in Manhattan.
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About Founders Network:
Founded in 2011, Founders Network offers lifelong peer mentorship to over 600 tech startup founders globally. Our platform, programs and high-touch service facilitate authentic experience sharing, warm introductions and long-term professional relationships. Additional benefits include over $500k in startup discounts and promotion to 2,000 newsletter readers. Members are located in San Francisco, New York City, Los Angeles, Vancouver, Toronto, London and other tech hubs. Each month our Membership Committee admits a new cohort of full-time tech founders who are nominated by an existing member. Learn more about us here