RSA Conference Allocates $50 Million to Cybersecurity Startups

RSA Conference invests $50 million in cybersecurity startups. To celebrate the 20th anniversary of its Innovation Sandbox contest, the RSA Conference is allocating $50 million to support the top ten finalists, each receiving a $5 million uncapped Simple Agreement for Future Equity (SAFE) investment from Crosspoint Capital Partners. This funding aims to provide immediate capital to startups without limiting their future valuation, enhancing their ability to attract customers and investors. Past participants have collectively raised over $16.4 billion, and the competition typically sees over 150 applicants annually. Additionally, a new “Founders Circle” program will offer mentorship and exposure to previous finalists, further bolstering the cybersecurity community’s growth and innovation.