Singapore has rapidly emerged as a cybersecurity powerhouse, fostering a thriving ecosystem of innovative startups that are reshaping digital defence strategies across the region. Supported by substantial government investment, world-class infrastructure, and a strategic position as a financial and technological hub, Singaporean cybersecurity companies are developing sophisticated solutions that address the unique challenges facing Asian and global markets. These startups are leveraging advanced technologies, from AI-driven threat detection to zero-trust architectures, whilst benefiting from the city-state’s commitment to becoming a global centre for cybersecurity excellence.
How Big is the Cybersecurity Market in Singapore?
With more digital innovation, greater connection, and growing cyber risks, Singapore’s cybersecurity market is expected to rise dramatically, from an anticipated USD 2.28 billion to USD 4.82 billion by 2029. This increase is a result of growing demand for cloud security solutions and advanced, AI-powered, data-centric security tools to safeguard infrastructure and digital assets.
Have Cybercrimes Increased in Singapore?
Singapore has seen a rise in cybercrime, as seen by recent allegations of a sharp spike in compromised systems, ransomware, and advanced persistent threat (APT) activities. Over the previous year, the number of malware-infected systems has increased by 67%, according to the Cyber Security Agency of Singapore (CSA).
Is There a Shortage of Cybersecurity Professionals in Singapore?
A growing skills gap, high demand that exceeds talent development, and problems like burnout and talent drain within the current workforce are all signs of Singapore’s severe cybersecurity expert shortage. The rapid pace of digitalisation and the intricate requirements of compliance are taxing cybersecurity teams and creating personnel shortages, even with increased efforts to hire and educate experts.
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Top Cybersecurity Startups in Singapore
There are many different cybersecurity startups in Singapore. However, the following cybersecurity startups are the most notable:
1. Pell Network
For the Bitcoin ecosystem and beyond, Pell Network, an Omnichain Restaking Network, offers cryptoeconomic security. By utilising the security of Bitcoin (and other Proof-of-Stake tokens), it functions as a network of shared trust. This gives developers access to a decentralised validation infrastructure that is both safe and reasonably priced.
2. GoPlus Security
By offering open, permissionless, user-driven security services, GoPlus serves as the security infrastructure for Web 3. GoPlus is creating a safer web3 ecosystem by expanding the security data infrastructure and security service platform.
3. Cyber Sierra
The platform from Cyber Sierra acts as the central repository for automating and digitising security and compliance tasks. This saves millions of dollars a year while providing teams with new capabilities. Cyber Sierra’s software platform uses a multi-LLM technique to map vulnerabilities to controls, assets, and compliance processes using AI for cybersecurity compliance.
4. CredShields
CredShield is developing an AI-driven, cloud-based Smart Contract security scanner that supports all EVM chains and has over 240 vulnerability detectors. The scanner enables customers to publish an audit report with a single click and supports CI/CD integrations for real-time scans to guard against smart contract zero days.
5. Cymetrics
With their automated, non-intrusive cybersecurity assessments, Cymetrics tackles cybersecurity threats and gives businesses insight into their own, their supply chains’, and their customers’ risks. Cymetrics’ AI-powered risk assessment uses their historical database and trending cyber event detection AI to dynamically adapt to the changing threat scenario.
6. MetaTrust Labs
One of the top suppliers of Web3 AI security technologies and code auditing services is MetaTrust Labs. They offer cutting-edge AI technologies that enable developers and project participants to safeguard Web3 apps and smart contracts. The goal of MetaTrust is to provide Web3 developers with a safe infrastructure.
7. RoxyBrowser
A popular business fingerprint browser, RoxyBrowser, was created for people, groups, and businesses that manage numerous accounts on various platforms. Solo users, digital marketers, e-commerce merchants, and growth teams can all work safely and effectively in this startup’s private, privacy-first environment, which blocks browser fingerprint tracking.