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Security funding soars despite Covid-19 slump, but problems lie ahead

July 8, 2020

Almost £500m has been invested in British cyber security startups in 2020 in spite of the economic slump caused by the Covid-19 coronavirus pandemic, with the investment well on track to breaking the funding record of £521m set just last year.

This is according to statistics produced by government backed security programme Lorca – the London Office for Rapid Cybersecurity Advancement – which has just published its report, The Lorca report 2020, analysing the UK’s security startup ecosystem.

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