Despite the pandemic rankling the economy in the first half of the year, 2020 proved to be healthy for enterprise software investing.
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Some of that likely is due to the virus itself, as the pandemic changed the way people worked and led to an increased need for collaboration tools like Zoom and Slack, accelerated cloud adoption by employers, and left IT departments scrambling to secure a wider attack surface as millions more employees worked from home.
Big pops in IPOs from companies like Snowflake, C3.ai and others, signal investor interest in the enterprise market. Looking purely at private funding however, the market did slow some.
