VC funds lock in specialists to vet cybersafety bets

Venture capital (VC) funds are increasingly turning their attention to cybersecurity startups and deploying specialists to evaluate potential investment bets amid rapid growth in the sector fuelled by the rise of artificial intelligence (AI) and escalating concerns over data security.

Risk investors are recognising that the sector’s complex and technical nature demands more than a generalised technology expertise, said industry executives and experts.

“More VCs are setting up teams dedicated to cybersecurity. There is high demand, especially with…