Baltimore-Washington cyber firms could see $1 billion in venture funding in 2016

The Baltimore-Washington, D.C., region could hit the billion-dollar mark in cybersecurity venture funding in 2016.

Jonathan Aberman, managing director of Amplifier Ventures, a seed and early-stage venture capital fund based in McLean, Va., said big fourth-quarter investments in cybersecurity companies helped boost overall venture funding in 2015 – and will continue to grow this year. He said the region, a growing center for cybersecurity business and research overall, will see more big deals in 2016.

“I wouldn’t be surprised to see $500 million to $1 billion in cyber deals over the next 12 months,” Aberman said. “I just think its going to be a big year for cyber.”

Last year, the Greater Washington and Baltimore regions saw a combined $302 million in cybersecurity-related deals, 21 percent of all deals for the year. Those helped push 2015 venture funding to $1.4 billion, higher than the nearly $1.1 billion in 2014 but less than the $1.5 billion reported in 2013.

Read more at Baltimore Business Journal

from http://baltimoretech.org/news/baltimore-washington-cyber-firms-could-see-1-billion-in-venture-funding-in-2016/