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Laxman Pai, Opalesque Asia:

The announced value of private equity (PE) and venture capital investments (VC) in cybersecurity vendors between Jan. 1 and May 5 totaled $8.51 billion, jumping 91% from $4.46 billion during the same period in 2023, said a report.

According to the report based on S&P Global Market Intelligence data private equity is embracing the disruption occurring in the cybersecurity sector.

"The sector is racing to adapt as data once corralled in corporate networks migrates to the cloud. The need for completely new cybersecurity strategies and tools is drawing investment as new vendors surge into the marketplace," it said.

For the full year 2023, investments totaled $10.92 billion. There were 132 announced deals so far in 2024, compared with 457 deals in all of 2023.

The top 35 venture capital firms actively funding AI announced 51 rounds for startups in the space during the first quarter, up from 31 rounds in the year-ago period, according to Market Intelligence data.

AI funding rounds also made up a larger share of those venture capital firms' investments, accounting for one in five rounds between Jan. 1 and March 31, up from one in 10 rounds over the same period in 2023.

In the biggest deal so far in 2024, Thoma Bravo LP agreed to buy cybersecurity artificial intelligence company Darktrace PLC for $5.21 billion in an all-cash deal.

Europe received the largest amount of private equity and venture capital investment in 2024 year-t......................

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