Funding has been somewhat lower than last year, but investment remains healthy, analysts say, amid thirst for cloud security in particular. 

The cybersecurity industry continues to remain largely unaffected by the uncertainty surrounding the rest of the economy.

Though funding activity this year is somewhat slower than in 2021 and market valuations of cybersecurity firms have taken a hit, mergers and acquisitions activity has remained strong through the year, as has investor interest in the sector.

So far in the third quarter, there have been multiple major transactions that, according to analysts, highlight the overall robustness of the sector amid broadening concerns of a recession. 

Says Jai Vijayan from darkreading.com.