Sean Cunningham, Managing Director @TridentCybersecurity, noted that in his view, hackers are ahead of defenders right now, which also creates a lot of room of investing opportunity.

"Lots of things in security can be solved with technology," Cunningham said. "So there is a huge opportunity."

Cunningham noted that among his investments are operational IoT security firm Bayshore Networks, mobile security vendor Appthority and IronNetCybersecurity, which is led by former NSA Director, General Keith Alexander. Fundamentally, Cunningham said that his firm is looking for product market validation.