Venture capital funding for the US and European homeland security industry has jumped by a third during 2007 as investors seek to profit from increased government spending on counter-terrorism and emergency response services provided by the private sector.
Security and defence companies have attracted $4.5bn of investment from venture capital and private equity firms in the year to date, up 34 per cent on the same period last year. Activities funded include information technology security, bio-identification, perimeter surveillance and weapons detection.
