2023 Cyber Security Vendor Transaction Highlights
- 437 total funding and M&A transactions
- $8.7 Billion raised over 346 rounds
- 91 total acquisitions
Crunching the Numbers
- The $8.7 Billion raised in FY 2023 represents a 40% decrease in funding raised when compared to 2022 ($14.5B).
- Funding volume increased by 14% with 346 funding rounds tracked in FY 2023 compared to 303 in 2022.
- Seed rounds dominated in 2023 representing 42% of total funding volume.
- M&A volume we tracked decreased by 20%, from 114 transactions in 2022 versus 91 in 2023.
- Q4 2023’s funding of $1.6 Billion marked a 45% reduction compared to $2.9 Billion raised by vendors in Q4 2022.
- Funding volume in Q4 2023 (85 rounds recorded) increased by 21% over Q4 2022 (70 rounds recorded).
Data Highlights
Annual Funding by Quarter
Annual Funding by Month
Average Monthly Funding & Outliers
Annual Funding Volume by Series
YoY Market Segment Funding Comparison
Full Monthly Funding and M&A Transaction Lists
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
February 2023
January 2023
December 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Isovalent | Acquisition | Cisco | Undisclosed | Container |
| Spera | Acquisition | Okta | $100,000,000 | Identity |
| Teleskope | Seed | N/A | $7,175,000 | Data |
| Qnu Labs | Seed | N/A | $6,500,000 | Quantum |
| Salvador Technologies | Seed | N/A | $6,000,000 | OT/ICS |
| Turngate | Seed | N/A | $5,000,000 | Forensics |
| Xeol | Seed | N/A | $3,200,000 | Supply Chain |
| Bowtie | Seed | N/A | $3,200,000 | Network Security |
| Enveedo | Seed | N/A | $3,150,000 | GRC |
| Cytidel | Seed | N/A | $1,457,000 | Threat Intel |
| Hackless | Seed | N/A | $1,200,000 | Crypto |
| Andalusia Labs | Funding, A | N/A | $48,000,000 | GRC |
| BabylonChain | Funding, A | N/A | $18,000,000 | Crypto |
| Guardz | Funding, A | N/A | $18,000,000 | Detection/Response |
| ProvenRun | Funding, A | N/A | $16,100,000 | IoT |
| Base Operations | Funding, A | N/A | $9,100,000 | Threat Intel |
| ArmorCode | Funding, B | N/A | $40,000,000 | AppSec |
| Halcyon | Funding, B | N/A | $40,000,000 | Detection/Response |
| Mine | Funding, B | N/A | $30,000,000 | Data |
| Phosphorus | Funding, B | N/A | $27,000,000 | IoT |
| Opal | Funding, B | N/A | $22,000,000 | Identity |
| Zero Networks | Funding, B | N/A | $20,000,000 | Network Security |
| SimSpace | Funding | N/A | $45,000,000 | Training |
| StrikeGraph | Funding | N/A | $8,500,000 | GRC |
| Salv | Funding | N/A | $4,290,000 | Fraud |
| Nedscaper | Funding | N/A | $2,420,000 | MSSP |
November 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Maytech | Acquisition | Kiteworks | Undisclosed | Data |
| Conquest Cyber | Acquisition | BlueVoyant | Undisclosed | GRC |
| Corvus | Acquisition | Travelers Insurance | $435,000,000 | Cyber Insurance |
| Innotec Security | Acquisition | Accenture | Undisclosed | MSSP |
| Jeli.io | Acquisition | PagerDuty | Undisclosed | Detection/Response |
| Krebs Stamos Group | Acquisition | SentinelOne | Undisclosed | Security Services |
| Solutions Granted | Acquisition | SonicWall | Undisclosed | MSSP |
| Talon Cyber | Acquisition | Palo Alto Networks | $615,000,000 | Browser |
| Dream Security | Seed | N/A | $33,600,000 | Detection/Response |
| Refine Intelligence | Seed | N/A | $13,000,000 | Fraud |
| Radicl | Seed | N/A | $9,000,000 | XDR |
| WraithWatch | Seed | N/A | $8,000,000 | AI/LLM |
| Zip Security | Seed | N/A | $7,700,000 | Identity |
| Myrror | Seed | N/A | $6,000,000 | AppSec |
| Lasso Security | Seed | N/A | $6,000,000 | AI/LLM |
| Aikido Security | Seed | N/A | $5,428,000 | AppSec |
| Tidal Cyber | Seed | N/A | $5,000,000 | Threat Intel |
| Protecto | Seed | N/A | $4,000,000 | Data |
| Hydrox AI | Seed | N/A | $4,000,000 | AI/LLM |
| HyperSphere | Seed | N/A | $3,320,000 | Data |
| Ostra Cybersecurity | Seed | N/A | $2,500,000 | MSSP |
| COGNNA | Seed | N/A | $2,225,000 | Detection/Response |
| Vigilant Ops | Seed | N/A | $2,000,000 | Supply Chain |
| Polymer | Seed | N/A | $1,686,993 | Data |
| Blindspot Technologies | Seed | N/A | $1,527,000 | Web |
| Brightside AI | Seed | N/A | $1,000,000 | Training |
| FusionAuth | Funding, A | N/A | $65,000,000 | Identity |
| Radiant Security | Funding, A | N/A | $15,000,000 | XDR |
| Sequretek | Funding, A | N/A | $8,000,000 | MSSP |
| Risk Ledger | Funding, A | N/A | $7,680,000 | Supply Chain |
| Chainguard | Funding, B | N/A | $61,000,000 | Supply Chain |
| Vulcan Cyber | Funding, B | N/A | $34,000,000 | Vulnerability |
| Xage | Funding, B | N/A | $20,000,000 | OT/ICS |
| Cyble | Funding, B | N/A | $6,200,000 | Threat Intel |
| ALTR | Funding, C | N/A | $25,000,000 | Data |
| Graylog | Funding, C | N/A | $9,000,000 | SIEM |
| BlueVoyant | Funding, E | N/A | $140,000,000 | Detection/Response |
| Cowbell Cyber | Growth Equity | N/A | $25,000,000 | Cyber Insurance |
| SpiderSilk | Funding | N/A | $9,000,000 | Threat Intel |
| Keyless | Funding | N/A | $6,000,000 | Identity |
| Cavelo | Funding | N/A | $3,632,000 | Vulnerability |
October 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Dig Security | Acquisition | Palo Alto Networks | $400,000,000 | Data |
| Uno | Acquisition | Okta | Undisclosed | Identity |
| MNEMO | Acquisition | Accenture | Undisclosed | MSSP |
| Revelstoke | Acquisition | Arctic Wolf | Undisclosed | Orchestration |
| Tessian | Acquisition | Proofpoint | Undisclosed | |
| Trsutwave | Acquisition | Chertoff Group | $205,000,000 | MSSP |
| Verve Industrial Protection | Acquisition | Rockwell Automation | Undisclosed | OT/ICS |
| Gutsy | Seed | N/A | $51,000,000 | GRC |
| Harmonic Security | Seed | N/A | $7,000,000 | AI/LLM |
| ZeroRISC | Seed | N/A | $5,000,000 | Firmware Security |
| Cyacomb | Seed | N/A | $4,500,000 | Forensics |
| Synqly | Seed | N/A | $4,000,000 | Orchestration |
| Compliance Risk | Seed | N/A | $3,500,000 | GRC |
| Anonybit | Seed | N/A | $3,000,000 | Identity |
| CipherStash | Seed | N/A | $3,000,000 | Data |
| Zygon | Seed | N/A | $3,000,000 | SaaS Security |
| Fairblock Network | Seed | N/A | $2,500,000 | Crypto |
| Blockaid | Funding, A | N/A | $33,000,000 | Crypto |
| HarfangLab | Funding, A | N/A | $26,500,000 | Detection/Response |
| Cranium | Funding, A | N/A | $25,000,000 | AI/LLM |
| Darwinium | Funding, A | N/A | $18,000,000 | Fraud |
| Carefull | Funding, A | N/A | $16,500,000 | Fraud |
| Reality Defender | Funding, A | N/A | $15,000,000 | Fraud |
| Spec | Funding, A | N/A | $15,000,000 | Fraud |
| Turnkey | Funding, A | N/A | $14,500,000 | Crypto |
| Conveyor | Funding, A | N/A | $12,500,000 | GRC |
| Upfort | Funding, A | N/A | $8,000,000 | Cyber Insurance |
| Adlumin | Funding, B | N/A | $70,000,000 | XDR |
| JinJing Yunhua | Funding, B | N/A | $14,000,000 | Detection/Response |
| Island | Funding, C | N/A | $100,000,000 | Browser |
| Censys | Funding, C | N/A | $50,000,000 | Vulnerability |
| FingerprintJS | Funding, C | N/A | $33,000,000 | Fraud |
| SecureW2 | Funding | N/A | $80,000,000 | Identity |
| Prove Identity | Funding | N/A | $40,000,000 | Identity |
| Evo Security | Funding | N/A | $1,000,000 | Identity |
September 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Ermetic | Acquisition | Tenable | $265,000,000 | Cloud |
| Spectrum Labs | Acquisition | ActiveFence | Undisclosed | OSINT |
| Stacksi | Acquisition | SafeBase | Undisclosed | GRC |
| Atmosec | Acquisition | Check Point | Undisclosed | SaaS Security |
| FraudWatch | Acquisition | Netcraft | Undisclosed | Security Services |
| Bionic | Acquisition | CrowdStrike | $350,000,000 | API |
| Splunk | Acquisition | Cisco | $28,000,000,000 | SIEM |
| CyGlass | Acquisition | WatchGuard Technologies | Undisclosed | Detection/Response |
| Vector0 | Acquisition | Stratascale/SHI | Undisclosed | Vulnerability |
| OneID | Seed | N/A | $1,200,000 | Identity |
| Pynt | Seed | N/A | $6,000,000 | API |
| 0xPass | Seed | N/A | $1,800,000 | Crypto |
| Mindgard | Seed | N/A | $3,800,000 | Threat Intel |
| Goldilock | Seed | N/A | $1,700,000 | Firmware Security |
| Cleafy | Seed | N/A | $10,700,000 | Fraud |
| Discern | Seed | N/A | $3,000,000 | GRC |
| Vali Cyber | Seed | N/A | $15,000,000 | OS Security |
| Verisoul | Seed | N/A | $3,250,000 | Fraud |
| Nexusflow | Seed | N/A | $10,600,000 | Orchestration |
| Dattak | Funding, A | N/A | $12,000,000 | Cyber Insurance |
| Upwind | Funding, A | N/A | $50,000,000 | Cloud |
| HiddenLayer | Funding, A | N/A | $50,000,000 | Detection/Response |
| Binalyze | Funding, A | N/A | $19,000,000 | Forensics |
| Zenity | Funding, A | N/A | $16,500,000 | AppSec |
| Alcion | Funding, A | N/A | $21,000,000 | Data |
| Gem Security | Funding, A | N/A | $23,000,000 | Detection/Response |
| Certa | Funding, B | N/A | $35,000,000 | GRC |
| CertifID | Funding, B | N/A | $20,000,000 | Fraud |
| Legit Security | Funding, B | N/A | $40,000,000 | Supply Chain |
| Lumu | Funding, B | N/A | $24,000,000 | Detection/Response |
| Dragos | Funding, D | N/A | $74,000,000 | OT/ICS |
| Deduce | Funding | N/A | $9,000,000 | Fraud |
| Stoik | Funding | N/A | $10,700,000 | Cyber Insurance |
| Rencore | Funding | N/A | $8,000,000 | GRC |
| ThetaRay | Growth Funding | N/A | $57,000,000 | Fraud |
| Cato Networks | Growth Funding | N/A | $238,000,000 | SASE |
| Nord Security | Growth Funding | N/A | $100,000,000 | VPN |
August 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Laminar | Acquisition | Rubrik | $250,000,000 | Data |
| Perimeter 81 | Acquisition | Check Point | $490,000,000 | SASE |
| Integral Partners | Acquisition | Xalient | Undisclosed | Identity |
| PikeTec | Acquisition | Synopsys | Undisclosed | AppSec |
| Osirium | Acquisition | SailPoint | $8,300,000 | Identity |
| ForgeRock/Ping Identity | Merger | N/A | Undisclosed | Identity |
| Silk Security | Seed | N/A | $12,500,000 | Detection/Response |
| Plerion | Seed | N/A | $10,000,000 | Vulnerability |
| Jericho Security | Seed | N/A | $3,000,000 | Training |
| Tromzo | Seed | N/A | $8,000,000 | AppSec |
| Abbey Labs | Seed | N/A | $5,250,000 | Identity |
| Gamboc | Seed | N/A | $5,000,000 | AppSec |
| SphereX | Seed | N/A | $8,200,000 | Crypto |
| Sweet Security | Seed | N/A | $12,000,000 | Detection/Response |
| Kivera | Seed | N/A | $3,500,000 | Vulnerability |
| zkPass | Seed | N/A | $2,500,000 | Data |
| Pistachio | Seed | N/A | $3,500,000 | Training |
| Spearbit | Seed | N/A | $7,000,000 | Crypto |
| Cube3.ai | Seed | N/A | $8,200,000 | Crypto |
| Dropzone AI | Seed | N/A | $3,500,000 | Detection/Response |
| BBT.Live | Seed | N/A | $1,600,000 | Network Security |
| iVerify | Seed | N/A | $4,000,000 | Vulnerability |
| PRIBIT Technology | Seed | N/A | $3,000,000 | Network Security |
| Fianu Labs | Seed | N/A | $2,000,000 | GRC |
| Socket | Funding, A | N/A | $20,000,000 | Supply Chain |
| Converge Insurance | Funding, A | N/A | $15,000,000 | Cyber Insurance |
| Endor Labs | Funding, A | N/A | $70,000,000 | AppSec |
| ConductorOne | Funding, A | N/A | $27,000,000 | Identity |
| Rootly | Funding, A | N/A | $12,000,000 | Detection/Response |
| Stamus Networks | Funding, A | N/A | $6,000,000 | Network Security |
| ProjectDiscovery | Funding, A | N/A | $25,000,000 | Vulnerability |
| Metabase Q | Funding, A | N/A | $3,000,000 | Orchestration |
| Tausight | Funding, A | N/A | $6,000,000 | Data |
| Cerby | Funding, A | N/A | $17,000,000 | Identity |
| Cypago | Funding, A | N/A | $13,000,000 | GRC |
| Symmetry Systems | Funding, B | N/A | $17,700,000 | Data |
| Osano | Funding, B | N/A | $25,000,000 | Data |
| Grip Security | Funding, B | N/A | $41,000,000 | SaaS Security |
| Nile | Funding, C | N/A | $175,000,000 | Network Security |
| Horizon3 | Funding, C | N/A | $40,000,000 | PenTesting |
| Resilience | Funding, D | N/A | $100,000,000 | Cyber Insurance |
| Sentry Enterprises | Funding, D | N/A | $13,000,000 | Identity |
| Trava Security | Funding | N/A | $7,000,000 | Security Services |
| Veza | Growth Funding | N/A | $15,000,000 | Identity |
| SpyCloud | Growth Funding | N/A | $110,000,000 | Identity |
| Hyperproof | Growth Funding | N/A | $40,000,000 | GRC |
July 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| ThreeTwoFour | Acquisition | Node4 | Undisclosed | Security Services |
| SCADAfence | Acquisition | Honeywell | Undisclosed | OT/ICS |
| G2CI (Forcepoint BU) | Acquisition | TPG | $2,500,000,000 | OT/ICS |
| Cobwebs | Acquisition | Spire Capital | $200,000,000 | OSINT |
| RiskLens | Acquisition | Safe Security | Undisclosed | Ratings |
| Oort | Acquisition | Cisco | Undisclosed | Identity |
| Resurface.io | Acquisition | Graylog | Undisclosed | API |
| Imperva | Acquisition | Thales | $3,700,000,000 | Platform |
| Privatise | Acquisition | Coro | Undisclosed | Network Security |
| Outdid | Seed | N/A | $2,500,000 | Identity |
| Infisical | Seed | N/A | $2,800,000 | Supply Chain |
| Vendict | Seed | N/A | $9,500,000 | GRC |
| AuthMind | Seed | N/A | $8,500,000 | Identity |
| PingSafe | Seed | N/A | $3,300,000 | Detection/Response |
| Clarity Security | Seed | N/A | $3,000,000 | GRC |
| Cyclops | Seed | N/A | $6,400,000 | Ratings |
| QuoIntelligence | Seed | N/A | $5,500,000 | Threat Intel |
| Resistant AI | Funding, A | N/A | $11,000,000 | Fraud |
| Saibo Kunlun | Funding, A | N/A | $13,800,000 | Security Services |
| Savvy | Funding, A | N/A | $20,000,000 | SaaS Security |
| SpecterOps | Funding, A | N/A | $8,500,000 | Vulnerability |
| Bureau | Funding, A | N/A | $4,500,000 | Identity |
| Protect AI | Funding, A | N/A | $35,000,000 | AppSec |
| Trustmi | Funding, A | N/A | $17,000,000 | Fraud |
| Sevco Security | Funding, B | N/A | $15,000,000 | Vulnerability |
| Cyble | Funding, B | N/A | $24,000,000 | Threat Intel |
| Secure Code Warrior | Funding, C | N/A | $50,000,000 | Training |
| AUCloud | Funding | N/A | $8,500,000 | Data |
| NetCraft | Growth Funding | N/A | $100,000,000 | Threat Intel |
| OneTrust | Growth Funding | N/A | $150,000,000 | GRC |
June 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| ArmorBlox | Acquisition | Cisco | Undisclosed | |
| Enso Security | Acquisition | Snyk | $50,000,000 | AppSec |
| Sweepatic | Acquisition | Outpost24 | Undisclosed | Vulnerability |
| Tesserent | Acquisition | Thales | $119,100,000 | Security Services |
| Privitar | Acquisition | Informatica | Undisclosed | Data |
| Berbix | Acquisition | Socure | $70,000,000 | Identity |
| Horangi Cyber Security | Acquisition | Bitdefender | Undisclosed | GRC |
| BluBracket | Acquisition | HashiCorp | Undisclosed | AppSec |
| Galvanick | Seed | N/A | $10,000,000 | OT/ICS |
| Keep Aware | Seed | N/A | $2,400,000 | Browser |
| Elba | Seed | N/A | $2,600,000 | SASE |
| Escape | Seed | N/A | $3,900,000 | API |
| Start Left Security | Seed | N/A | $3,000,000 | AppSec |
| Silent Push | Seed | N/A | $10,000,000 | Threat Intel |
| Filigran | Seed | N/A | $5,460,000 | Threat Intel |
| Mesh | Seed | N/A | $1,690,000 | |
| Ostrich Cyber Risk | Seed | N/A | $5,000,000 | Ratings |
| Muscope Cybersecurity | Seed | N/A | $880,000 | Ratings |
| Invary | Seed | N/A | $1,850,000 | Ratings |
| Patented.ai | Seed | N/A | $4,000,000 | Data |
| 0pass | Seed | N/A | $3,500,000 | Identity |
| Nokod | Seed | N/A | $8,000,000 | AppSec |
| Kodem | Funding, A | N/A | $18,000,000 | AppSec |
| Trust Lab | Funding, A | N/A | $15,000,000 | OSINT |
| CalypsoAI | Funding, A | N/A | $23,000,000 | GRC |
| Astrix Security | Funding, A | N/A | $25,000,000 | Vulnerability |
| BeeKeeperAI | Funding, A | N/A | $12,100,000 | Data |
| Venn Software | Funding, A | N/A | $29,000,000 | Endpoint |
| Dig Security | Funding, B | N/A | Undisclosed | Data |
| Blumira | Funding, B | N/A | $15,000,000 | XDR |
| Shift5 | Funding, B | N/A | $33,000,000 | OT/ICS |
| Blackbird | Funding, B | N/A | $20,000,000 | OSINT |
| Oso | Funding, B | N/A | $15,000,000 | Identity |
| Cyera | Funding, B | N/A | $100,000,000 | Data |
| IP Fabric | Funding, B | N/A | $30,000,000 | Network Security |
| Cyware | Funding, C | N/A | $30,000,000 | Threat Intel |
| Hackmetrix | Funding | N/A | $1,300,000 | MSSP |
| BonjourCyber | Funding | N/A | $1,000,000 | Security Services |
| Blackpoint Cyber | Growth Funding | N/A | $190,000,000 | Detection/Response |
May 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Okera | Acquisition | Databricks | Undisclosed | GRC |
| Absolute Software | Acquisition | Crosspoint Capital Partners | $870,000,000 | Detection/Response |
| Polar Security | Acquisition | IBM | $60,000,000 | Data |
| CultureAI | Seed | N/A | $7,000,000 | Training |
| Osavul | Seed | N/A | $1,000,000 | OSINT |
| Moonsense | Seed | N/A | $4,200,000 | Fraud |
| NetBird | Seed | N/A | $1,200,000 | VPN |
| Kertos | Seed | N/A | $4,500,000 | GRC |
| SquareX | Seed | N/A | $6,000,000 | Browser |
| Webb | Seed | N/A | $7,000,000 | Crypto |
| Cloudburst Technologies | Seed | N/A | $3,000,000 | Threat Intel |
| Entro | Seed | N/A | $6,000,000 | Data |
| Manifest | Seed | N/A | $6,000,000 | Supply Chain |
| Cork | Seed | N/A | $6,000,000 | Cyber Insurance |
| Hook Security | Seed | N/A | $5,500,000 | Training |
| Lumeus | Seed | N/A | $6,000,000 | Network Security |
| Riscosity | Seed | N/A | $7,000,000 | Supply Chain |
| Memcyco | Seed | N/A | $10,000,000 | Fraud |
| Hopr | Seed | N/A | $500,000 | Identity |
| Cable | Funding, A | N/A | $11,000,000 | GRC |
| Threat Fabric | Funding, A | N/A | $12,500,000 | Fraud |
| Stacklok | Funding, A | N/A | $17,500,000 | Supply Chain |
| Auradine | Funding, A | N/A | $81,000,000 | Crypto |
| Sekoia | Funding, A | N/A | $37,500,000 | XDR |
| CyberVadis | Funding, A | N/A | $7,500,000 | Ratings |
| StrikeGraph | Funding, A | N/A | $7,000,000 | GRC |
| Huntress | Funding, C | N/A | $60,000,000 | Detection/Response |
| OpenSSF | Funding | N/A | $5,000,000 | AppSec |
| Cybeats | Funding | N/A | $6,200,000 | Supply Chain |
| Immuta | Growth Funding | N/A | Undisclosed | Data |
| SourcePass | Growth Funding | N/A | $65,000,000 | MSSP |
| Hub Security | Growth Funding | N/A | $16,000,000 | Platform |
April 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Set Solutions | Acquisition | Trace3 | Undisclosed | MSSP |
| Securix | Acquisition | Allurity | Undisclosed | Identity |
| LookingGlass Cyber | Acquisition | ZeroFox | $26,000,000 | Threat Intel |
| Ericom | Acquisition | Cradlepoint | Undisclosed | SASE |
| CloudComputing | Acquisition | Allurity | Undisclosed | Identity |
| Lookout | Acquisition | F-Secure | $224,000,000 | Endpoint |
| Storagepipe | Acquisition | Thrive | Undisclosed | MSSP |
| Neosec | Acquisition | Akamai | Undisclosed | API |
| Cranium | Spinout | From KPNG | $7,000,000 | AppSec |
| Trustle | Seed | N/A | $6,000,000 | Identity |
| Otterize | Seed | N/A | $11,500,000 | Identity |
| Mobb | Seed | N/A | $5,400,000 | Vulnerability |
| Lockr | Seed | N/A | $2,500,000 | Identity |
| Fiverity | Seed | N/A | $4,000,000 | Fraud |
| Cerbos | Seed | N/A | $7,500,000 | Identity |
| Cat Labs | Seed | N/A | $4,300,000 | Crypto |
| Oblivious | Seed | N/A | $5,900,000 | Data |
| Sonet.io | Seed | N/A | $6,000,000 | Identity |
| Stack Identity | Seed | N/A | $4,000,000 | Identity |
| Shield | Seed | N/A | $2,100,000 | Crypto |
| Bastion | Seed | N/A | $2,800,000 | Security Services |
| Melius Cyber | Seed | N/A | $620,000 | Security Services |
| Operant | Seed | N/A | $3,000,000 | AppSec |
| Strivacity | Funding, A | N/A | $20,000,000 | Identity |
| SpecterOps | Funding, A | N/A | $25,000,000 | Vulnerability |
| Push Security | Funding, A | N/A | $15,000,000 | Training |
| LeapXpert | Funding, A | N/A | $22,000,000 | GRC |
| Halcyon | Funding, A | N/A | $50,000,000 | Detection/Response |
| Fletch | Funding, A | N/A | $12,500,000 | Ratings |
| Fivecast | Funding, A | N/A | $20,000,000 | OSINT |
| Dasera | Funding, A | N/A | $12,000,000 | Data |
| Avalor | Funding, A | N/A | $25,000,000 | Data |
| AaDya | Funding, A | N/A | $5,000,000 | Platform |
| Safe Security | Funding, B | N/A | $50,000,000 | Ratings |
| Fourthline | Funding, B | N/A | $54,000,000 | GRC |
| Cyfirma | Funding, B | N/A | $6,000,000 | Threat Intel |
| Semgrep | Funding, C | N/A | $53,000,000 | AppSec |
| Coro | Funding, C | N/A | $75,000,000 | XDR |
| ID.me | Funding, D | N/A | $132,000,000 | Identity |
| Quantexa | Funding, E | N/A | $129,000,000 | GRC |
| Cybereason | Growth Funding | N/A | $100,000,000 | Endpoint |
| Token | Financing | N/A | $30,000,000 | Identity |
| NetRise | Funding | N/A | $8,000,000 | IoT |
| CyberQP (was Quickpass) | Funding | N/A | $12,000,000 | Identity |
| BreachBits | Funding | N/A | $3,200,000 | Ratings |
March 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Valtix | Acquisition | Cisco | Undisclosed | Network Security |
| Logpoint | Acquisition | Summa Equity | Undisclosed | XDR |
| Axis Security | Acquisition | HPE | Undisclosed | SASE |
| Minerva Labs | Acquisition | Rapid7 | $38,000,000 | Detection/Response |
| Baffin Bay Networks | Acquisition | Mastercard | Undisclosed | Threat Intel |
| Confluera | Acquisition | XM Cyber | Undisclosed | Detection/Response |
| Slipstream Cyber Security | Acquisition | Interactive | Undisclosed | Security Services |
| Foxpass | Acquisition | Splashtop | Undisclosed | Identity |
| Lidera Network | Acquisition | Esprinet | $6,000,000 | MSSP |
| Cysiv | Acquisition | Liquid Intelligent Technologies | Undisclosed | Security Services |
| Lightspin | Acquisition | Cisco | $200,000,000 | AppSec |
| SecFix | Seed | N/A | $3,800,000 | GRC |
| Edgeless Systems | Seed | N/A | $5,000,000 | Data |
| Naq | Seed | N/A | $1,500,000 | GRC |
| Aembit | Seed | N/A | $16,600,000 | Identity |
| Oleria | Seed | N/A | $8,000,000 | Identity |
| Fenix24 | Seed | N/A | $5,000,000 | Security Services |
| Backslash Security | Seed | N/A | $8,000,000 | AppSec |
| Spera | Seed | N/A | $10,000,000 | Identity |
| Op[4] | Seed | N/A | $2,000,000 | Firmware Security |
| Turnkey | Seed | N/A | $7,500,000 | Crypto |
| Mitiga | Funding, A | N/A | $45,000,000 | Detection/Response |
| Monarx | Funding, A | N/A | $6,100,000 | Web Application Security |
| Dope Security | Funding, A | N/A | $16,000,000 | Network Security |
| Clerk | Funding, A | N/A | $15,000,000 | Identity |
| Right-Hand Cybersecurity | Funding, A | N/A | $5,000,000 | Training |
| True I/O | Funding, A | N/A | $9,000,000 | IoT |
| Votiro | Funding, A | N/A | $11,500,000 | Detection/Response |
| RangeForce | Funding, B | N/A | $20,000,000 | Training |
| Droit | Funding, B | N/A | $23,000,000 | GRC |
| Cado Security | Funding, B | N/A | $20,000,000 | Forensics |
| Revelstoke | Funding, B | N/A | $20,000,000 | SOAR |
| Britive | Funding, B | N/A | $20,500,000 | Identity |
| DataDome | Funding, C | N/A | $42,000,000 | Bot |
| Ledger | Funding, C | N/A | $108,400,000 | Crypto |
| Deep Instinct | Growth Funding | N/A | Undisclosed | Endpoint |
| Grip Security | Growth Funding | N/A | Undisclosed | SaaS Security |
| Abnormal Security | Growth Funding | N/A | $10,000,000 | |
| SCADAfence | Growth Funding | N/A | $16,000,000 | OT/ICS |
| Socure | Financing | N/A | $95,000,000 | Identity |
February 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Complytron | Acquisition | SEON | $2,500,000 | Fraud |
| Morphus | Acquisition | Accenture | Undisclosed | Threat Intel |
| Canonic Security | Acquisition | Zsclaer | Undisclosed | Supply Chain |
| Sumo Logic | Acquisition | Francisco Partners | $1,700,000,000 | Threat Intel |
| Anlyz | Acquisition | Trend Micro | Undisclosed | MSSP |
| Seven Seas Technologies | Acquisition | Noventiq | Undisclosed | MSSP |
| Gem Security | Seed | N/A | $11,000,000 | Detection/Response |
| Lineaje | Seed | N/A | $7,000,000 | Supply Chain |
| VulnCheck | Seed | N/A | $3,200,000 | Vulnerability |
| Descope | Seed | N/A | $53,000,000 | Identity |
| CommandK | Seed | N/A | $3,000,000 | Data |
| Scrut Automation | Seed | N/A | $7,500,000 | GRC |
| Sublime Security | Seed | N/A | $9,800,000 | |
| Entitle | Seed | N/A | $15,000,000 | Identity |
| Stelo Labs | Seed | N/A | $6,000,000 | Fraud |
| Chaos Labs | Seed | N/A | $20,000,000 | Crypto |
| Vouched | Seed | N/A | $6,300,000 | Identity |
| Trackd | Seed | N/A | $3,350,000 | Vulnerability |
| Build38 | Funding, A | N/A | $13,800,000 | AppSec |
| Riot | Funding, A | N/A | $12,000,000 | Training |
| Opscura | Funding, A | N/A | $9,400,000 | OT/ICS |
| Sendmarc | Funding, A | N/A | $7,000,000 | |
| Oligo Security | Funding, A | N/A | $20,000,000 | AppSec |
| Metomic | Funding, A | N/A | $20,000,000 | Data |
| Boxx Insurance | Funding, B | N/A | $14,400,000 | Cyber Insurance |
| Smile Identity | Funding, B | N/A | $20,000,000 | Identity |
| SanboxAQ | Funding, B | N/A | $500,000,000 | Quantum |
| CyberSmart | Funding, B | N/A | $15,400,000 | MSSP |
| Chain Reaction | Funding, C | N/A | $70,000,000 | Data |
| Wiz | Funding, D | N/A | $300,000,000 | Cloud |
| deepwatch | Growth Equity | N/A | $180,000,000 | Detection/Response |
| Procyon | Growth Equity | N/A | $6,500,000 | Identity |
| Skybox Security | Growth Funding | N/A | $50,000,000 | Vulnerability |
February 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Complytron | Acquisition | SEON | $2,500,000 | Fraud |
| Morphus | Acquisition | Accenture | Undisclosed | Threat Intel |
| Canonic Security | Acquisition | Zsclaer | Undisclosed | Supply Chain |
| Sumo Logic | Acquisition | Francisco Partners | $1,700,000,000 | Threat Intel |
| Anlyz | Acquisition | Trend Micro | Undisclosed | MSSP |
| Seven Seas Technologies | Acquisition | Noventiq | Undisclosed | MSSP |
| Gem Security | Seed | N/A | $11,000,000 | Detection/Response |
| Lineaje | Seed | N/A | $7,000,000 | Supply Chain |
| VulnCheck | Seed | N/A | $3,200,000 | Vulnerability |
| Descope | Seed | N/A | $53,000,000 | Identity |
| CommandK | Seed | N/A | $3,000,000 | Data |
| Scrut Automation | Seed | N/A | $7,500,000 | GRC |
| Sublime Security | Seed | N/A | $9,800,000 | |
| Entitle | Seed | N/A | $15,000,000 | Identity |
| Stelo Labs | Seed | N/A | $6,000,000 | Fraud |
| Chaos Labs | Seed | N/A | $20,000,000 | Crypto |
| Vouched | Seed | N/A | $6,300,000 | Identity |
| Trackd | Seed | N/A | $3,350,000 | Vulnerability |
| Build38 | Funding, A | N/A | $13,800,000 | AppSec |
| Riot | Funding, A | N/A | $12,000,000 | Training |
| Opscura | Funding, A | N/A | $9,400,000 | OT/ICS |
| Sendmarc | Funding, A | N/A | $7,000,000 | |
| Oligo Security | Funding, A | N/A | $20,000,000 | AppSec |
| Metomic | Funding, A | N/A | $20,000,000 | Data |
| Boxx Insurance | Funding, B | N/A | $14,400,000 | Cyber Insurance |
| Smile Identity | Funding, B | N/A | $20,000,000 | Identity |
| SanboxAQ | Funding, B | N/A | $500,000,000 | Quantum |
| CyberSmart | Funding, B | N/A | $15,400,000 | MSSP |
| Chain Reaction | Funding, C | N/A | $70,000,000 | Data |
| Wiz | Funding, D | N/A | $300,000,000 | Cloud |
| deepwatch | Growth Equity | N/A | $180,000,000 | Detection/Response |
| Procyon | Growth Equity | N/A | $6,500,000 | Identity |
| Skybox Security | Growth Funding | N/A | $50,000,000 | Vulnerability |
January 2023
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| CMIT | Acquisition | HTW | Undisclosed | MSSP |
| Pathmaker Group | Acquisition | Simeio | Undisclosed | Identity |
| RAN Security | Acquisition | Cerberus Cyber Sentinel Corp. | Undisclosed | MSSP |
| nVisium | Acquisition | NetSPI | Undisclosed | Security Services |
| SecZetta | Acquisition | SailPoint | Undisclosed | Identity |
| GoVanguard | Acquisition | Abacus Group | Undisclosed | MSSP |
| Gotham Security | Acquisition | Abacus Group | Undisclosed | MSSP |
| Trum | Acquisition | ProArch | Undisclosed | GRC |
| Immue | Acquisition | Forter | Undisclosed | Bot |
| Passwordless.dev | Acquisition | Bitwarden | Undisclosed | Identity |
| Trustpage | Acquisition | Vanta | Undisclosed | Ratings |
| Magnet Forensics | Acquisition | Thoma Bravo | $1,340,000,000 | Forensics |
| GuardSight | Acquisition | Iron Bow | Undisclosed | MSSP |
| SUPERAntiSpyware | Acquisition | RealDefense | Undisclosed | Endpoint |
| AccSense | Seed | N/A | $5,000,000 | Identity |
| Aikido Security | Seed | N/A | $2,000,000 | Vulnerability |
| WhizHack | Seed | N/A | $3,000,000 | Training |
| Hypernative | Seed | N/A | $9,000,000 | Crypto |
| Guardz | Seed | N/A | $10,000,000 | Detection/Response |
| Xcelerate Solutions | Funding | N/A | Undisclosed | Security Services |
| Blackpanda | Funding, A | N/A | $15,000,000 | Forensics |
| Cygnvs | Funding, A | N/A | $55,000,000 | Detection/Response |
| Egerie | Funding, A | N/A | $32,000,000 | Ratings |
| Sentra | Funding, A | N/A | $30,000,000 | Data |
| Censinet | Funding, B | N/A | $9,000,000 | GRC |
| Hack The Box | Funding, B | N/A | $55,000,000 | Training |
| nsKnox | Funding, B | N/A | $17,000,000 | Payments |
| Hypori | Funding, B | N/A | $10,500,000 | Endpoint |
| Strata | Funding, B | N/A | $26,000,000 | Identity |
| SpiderOak | Funding, C | N/A | $16,400,000 | Zero Trust |
| Forward Networks | Funding, D | N/A | $50,000,000 | Network Security |
| Netskope | Growth Funding | N/A | $401,000,000 | SASE |
| Saviynt | Growth Funding | N/A | $205,000,000 | Identity |
Research Methodology
About Pinpoint Search Group
Pinpoint recruits VPs, Directors and Sr. Individual Contributors for cyber security vendors. As start-ups continue raising millions in funding and established vendors make acquisitions to round out their offerings, Pinpoint Search Group is keeping track.
Contact us to discuss adding talent to your team, or if it’s time to explore new opportunities.
