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.
There seems to be no shortage of new cybersecurity startups and they all seem to be looking to raise money at one point or another. There is also money to be made in the cybersecurity market, with investors looking to back the next big thing. At the RSA Conference last week, a panel of the world's top cybersecurity investors provided their views on the types of companies they like to invest in and where they see the market headed. Sean Cunningham, Managing Director at Trident Capital Cybersecurity commented that his firm is a cyber-only firm and has recently raised a new $300 million fund for security, looking to capitalize on the market opportunity.