Ireland's cybersecurity sector delivered its strongest year in 2024, closing 40% more VC deals than in 2023, new data shows.
The report powered by PitchBook data and published by Enterprise Ireland reveals that European cybersecurity funding fell 9.5%.
Meanwhile, Ireland has maintained its position as first or second in Europe for cybersecurity VC deal count per capita every year since 2017.
Enterprise Ireland participated in more than three-quarters of all deals over the past decade, making it Europe’s leading cybersecurity investor by deal count.
"Ireland continues to punch well above its weight in European cybersecurity investment, consistently attracting top-tier global investors," said Anna-Marie Turley, Head of Fintech, Financial Services and Cybersecurity at Enterprise Ireland.
"With Irish solutions now trusted by leading enterprises and governments worldwide for AI-driven threat detection, investigative intelligence and regulatory compliance, we are seeing unprecedented international demand," she added.
