How is the funding environment shaping up for security technology in 2019? As we pass the mid-year mark, let's see how the year-to-date metrics compare to the historical trends. The graph below shows security technology total funding by year, stacked by quarters.
As the graphic demonstrates, security technology has amassed $5.6B through Q1 and Q2 of this year. This amount represents 88% of the total funding in 2018, and 161% of the funding through Q2 in 2018. The top three funding events in Q2 2019 include a $500M round into Kaseya, a $300M round into KnowBe4, and a $227M round into Adjust.
A straight-line projection of the completed funding this year would result in $11.2B, which is a whopping 175% of the total 2018 funding. On the other hand, a weighted quarterly average projection of 2019 funding would result in $10.3B, which exceeds the total 2018 funding by 61%. Therefore, based on the mid-year data, security technology funding in 2019 is projected to dwarf the funding in 2018.