New entrants to the security market are few and far between.
However, there is one area that is clearly driving new security startups - crowdfunding.
Crowdfunding has grown from a curiosity to a powerful global force raising billions for companies worldwide.
Indeed, IPVM analysis shows that over $10 million USD has been earned by security startups crowdfunding since 2013, leading to millions more in equity investments following on crowdfunding success.
Indeed, the majority of security startup crowdfunding campaigns have meet their revenue goals during this period, a remarkable accomplishment.