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Expand chart
Adapted from PitchBook; Chart: Axios Visuals

The cybersecurity sector is attracting "unprecedented levels of VC dealmaking," according to the year-end Venture Monitor report by the National Venture Capital Association and PitchBook.

Why it matters: Technology is now not just a sector of the economy, it is the primary driver of the economy. And the more wireless networks, software applications, cloud data centers and internet-connected devices we use, the more security vulnerabilities we'll have to protect against. 

The big picture: That's a big opportunity for smart investors. Virtually every company is willing to pay big bucks for security solutions and protection. And the threats are morphing all the time. 

Details: Cybersecurity capital investment hit a new record in 2019. 

  • The share of late-stage deals fell slightly due to strong interest in early-stage deals, per the data. 
  • The average deal size in 2019 was $17.3 million, a slight uptick from 2018. 
  • But average valuations fell to $136.8 million, a correction after a significant uptick from 2017–2018. 

Go deeper: Huawei's trial by "what if"

Go deeper

Biden to meet with U.S. financial regulators on Monday

Photo: Drew Angerer via Getty Images

President Biden will meet with financial regulators on Monday.

Driving the news: "The meeting will cover regulatory priorities including climate-related financial risk and agency actions to promote financial inclusion and to responsibly increase access to credit," said press secretary Jen Psaki, according to a press pool report.

Updated 6 hours ago - Economy & Business

The next worker fight: Time off for Juneteenth

Illustration: Annelise Capossela/Axios

Who gets paid time off to celebrate Juneteenth in the years to come will be uneven and complicated, if history is any guide.

Why it matters: Corporate America hasn't grappled with a new federal holiday since Martin Luther King Jr. Day was authorized almost 40 years ago. How they responded took years to evolve.