Cybersecurity just got a $180 million vote of confidence. Atlassian Corp. (TEAM), Snowflake Inc. (SNOW), and Workday Inc. (WDAY) backed cybersecurity startup Veza in a fresh $108 million funding round, highlighting how aggressively big cloud companies are doubling down on security, highlights Keith Fitz-Gerald, editor of 5 With Fitz.
Why? Because Artificial Intelligence-driven threats aren’t coming — they’re multiplying like rabbits on Red Bull.
TEAM, SNOW, WDAY (1-Year % Change)
Data by YCharts
Ten years ago, cybersecurity was niche. Today, it’s boardroom priority #1 — and quickly becoming investor priority #1 as well. Cybercrime is projected to become a staggering $24 trillion problem by 2027.
AI-powered attacks now occur roughly every 39 seconds, according to GetAstra. Data breaches cost companies an average of $4.45 million per incident, yet many remain undisclosed due to reputational harm and regulatory scrutiny. Corporate and government cybersecurity budgets are surging to unprecedented levels.
My favorite cybersecurity stock — a longtime favorite — has delivered a whopping 468.6% return over the past five years, crushing the S&P 500’s 105.2% return over the same period. Just this past year, it was recently up 37.7%, again outpacing the S&P's 9.1%.
Yet another case of, “Buy the best ignore the rest!”
Cybersecurity isn’t just an investment — it’s a critical necessity. Executives with virtually unlimited budgets understand this. If you’re not actively investing in cybersecurity, it’s time for a serious rethink.
