2024 Cyber Security Vendor Transaction Highlights
- 383 total funding and M&A transactions
- $9.5 Billion raised over 304 rounds
- 79 total M&A events
Crunching the Numbers
- The $9.5 Billion raised in FY 2024 represents a 9% increase in funding raised when compared to 2023 ($8.7B).
- Funding volume decreased by 12% with 304 funding rounds tracked in FY 2024 compared to 346 in 2023.
- Early-stage funding (Seed, Series-A) dominated in 2024 representing 59% of total funding volume.
- Late stage rounds (Growth & Series C,D,E) represented 54% of all dollars raised while only accounting for 16% of funding volume.
Data Highlights
YoY Funding by Quarter
YoY Funding by Month
Annual Funding Volume by Category
Annual Funding by Category
YoY Market Segment Funding Comparison
Full Monthly Funding and M&A Transaction Lists
December 2024
November 2024
October 2024
September 2024
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Perception Point | Acquisition | Fortinet | $100,000,000 | N/A | |
| deviceTRUST | Acquisition | Citrix | Undisclosed | N/A | Identity |
| Strong Network | Acquisition | Citrix | Undisclosed | N/A | AppSec |
| Cylance | Acquisition | Arctic Wolf | $160,000,000 | N/A | Endpoint |
| SnapAttack | Acquisition | Cisco | Undisclosed | N/A | Threat Intel |
| Fend | Acquisition | OPSWAT | Undisclosed | N/A | Data |
| System Two Security | Seed | N/A | $7,000,000 | Costanoa Ventures | Detection/Response |
| CAT Labs | Seed | N/A | $5,400,000 | M13 | Crypto |
| NetBird | Seed | N/A | $4,230,000 | InReach Ventures | VPN |
| Wald.ai | Seed | N/A | $4,000,000 | Inventus Capital | AI/LLM |
| Senteon | Seed | N/A | $2,000,000 | Gula Tech Adventures | Security Services |
| Cloud Range | Seed | N/A | $6,200,000 | Undisclosed | Training |
| Tuskira | Funding, A | N/A | $28,500,000 | Intel Capital | Orchestration |
| Silent Push | Funding, A | N/A | $10,000,000 | Ten Eleven Ventures | Threat Intel |
| Ethyca | Funding, B | N/A | $10,000,000 | Aspenwood Ventures | GRC |
| Astrix Security | Funding, B | N/A | $45,000,000 | Menlo Ventures | Vulnerability |
| Sublime Security | Funding, B | N/A | $60,000,000 | IVP | |
| Flare | Funding, B | N/A | $30,000,000 | Base 10 Partners | OSINT |
| Bureau | Funding, B | N/A | $30,000,000 | Sorenson Capital | Identity |
| Axiado | Funding, C | N/A | $60,000,000 | Maverick Silicon | Firmware Security |
November 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Critical Insight | Acquisition | Lumifi | Undisclosed | N/A | Security Services |
| Adaptive Shield | Acquisition | CrowdStrike | $300,000,000 | N/A | SaaS Security |
| Cybersixgill | Acquisition | BitSight | $115,000,000 | N/A | Threat Intel |
| VeriClouds | Acquisition | Enzotic | Undisclosed | N/A | Identity |
| Dazz | Acquisition | Wiz | $450,000,000 | N/A | AppSec |
| Adlumin | Acquisition | N-able | $266,000,000 | N/A | XDR |
| Cloudrise | Acquisition | Exclusive Networks | Undisclosed | N/A | Security Services |
| Cybereason | Merger | Trustwave | Undisclosed | N/A | Endpoint |
| Start Left Security | Seed | N/A | $1,350,000 | Undisclosed | AppSec |
| Embed Security | Seed | N/A | $6,000,000 | Paladin Capital Group | Detection/Response |
| Symbiotic Security | Seed | N/A | $3,000,000 | Lerer Hippeau | AppSec |
| Corgea | Seed | N/A | $2,600,000 | Shorooq Partners | AppSec |
| SurePathAI | Seed | N/A | $5,200,000 | Uncork Capital | AI/LLM |
| Cyber Upgrade | Seed | N/A | $2,700,000 | Superhero Capital | GRC |
| RIIG | Seed | N/A | $3,000,000 | Felton Group | OSINT |
| Twine | Seed | N/A | $12,000,000 | Ten Eleven Ventures | Automation |
| MirrorTab | Seed | N/A | $8,300,000 | Undisclosed | Browser |
| VISO TRUST | Funding | N/A | $7,000,000 | Sierra Ventures | GRC |
| AI SPERA | Funding | N/A | $8,550,000 | KB Investment | Threat Intel |
| Noma | Funding, A | N/A | $32,000,000 | Ballistic Ventures | AppSec |
| ZITADEL | Funding, A | N/A | $9,000,000 | Nexus Venture Partners | Identity |
| Prompt Security | Funding, A | N/A | $18,000,000 | Jump Capital | AI/LLM |
| Trustero | Funding, A | N/A | $10,400,000 | Bright Pixel | GRC |
| Gray Market Labs | Funding, A | N/A | $8,000,000 | Capri Ventures | Identity |
| Upwind | Funding, B | N/A | $100,000,000 | Craft Ventures | Cloud |
| Riot | Funding, B | N/A | $27,600,000 | Undisclosed | Training |
| Halcyon | Funding, C | N/A | $100,000,000 | Evolution Equity Partners | Detection/Response |
| Cyera | Funding, D | N/A | $300,000,000 | Sapphire Ventures | AI/LLM |
| Anitian | Funding, D | N/A | $7,000,000 | Sageview Capital | GRC |
| Bugcrowd | Growth Funding | N/A | $50,000,000 | Silicon Valley Bank | PenTesting |
October 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Network Perception | Acquisition | Dragos | Undisclosed | N/A | OT/ICS |
| Trail Security | Acquisition | Cyera | $162,000,000 | N/A | Data |
| SecureWorks | Acquisition | Sophos | $859,000,000 | N/A | XDR |
| Effectiv | Acquisition | Socure | $136,000,000 | N/A | Fraud |
| Normalyze | Acquisition | Proofpoint | Undisclosed | N/A | Data |
| Prime Security | Seed | N/A | $6,000,000 | Foundation Capital | AppSec |
| MIND | Seed | N/A | $11,000,000 | YL Ventures | Data |
| Harmonic Security | Funding, A | N/A | $17,500,000 | Next47 | AI/LLM |
| Neeve | Funding, A | N/A | $15,000,000 | Cantor Fitzgerald | IoT |
| watchTower | Funding, A | N/A | $19,000,000 | Peak XV | Vulnerability |
| CYRISMA | Funding, A | N/A | $7,000,000 | Blueprint Equity | GRC |
| DeNexus | Funding, A | N/A | $17,500,000 | Punja Global Ventures | OT/ICS |
| zkPass | Funding, A | N/A | $12,500,000 | dao5 | Data |
| Reality Defender | Funding, A | N/A | $33,000,000 | Illuminate Financial | Fraud |
| Abstract Security | Funding, A | N/A | $15,000,000 | Munich Re Ventures | SIEM |
| Relyance AI | Funding, B | N/A | $32,000,000 | Thomvest Ventures | GRC |
| Stoik | Funding, B | N/A | $27,000,000 | Alven | Cyber Insurance |
| Stream.Security | Funding, B | N/A | $30,000,000 | US Venture Partners | Vulnerability |
| Socket | Funding, B | N/A | $40,000,000 | Andreesen Horowitz | Supply Chain |
| Concentric AI | Funding, B | N/A | $45,000,000 | Top Tier Capital | Data |
| Filigran | Funding, B | N/A | $35,000,000 | Insight Partners | Threat Intel |
| Cyber Guru | Funding, B | N/A | $25,000,000 | Riverside Acceleration Capital | Training |
| Zenity | Funding, B | N/A | $38,000,000 | Third Point Ventures | AppSec |
| Armis | Funding, D | N/A | $200,000,000 | Alkeon Capital | IoT |
| HUMAN | Growth Funding | N/A | $50,000,000 | WestCap | Bot |
September 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Syxsense | Acquisition | Absolute Security | Undisclosed | N/A | Vulnerability |
| PureID | Acquisition | ColorTokens | Undisclosed | N/A | Identity |
| Recorded Future | Acquisition | Mastercard | $2,650,000,000 | N/A | Threat Intel |
| Acuvity | Seed | N/A | $9,000,000 | Foundation Capital | AI/LLM |
| Realm.Security | Seed | N/A | $5,000,000 | Accomplice | Data |
| AppCD | Seed | N/A | $12,300,000 | Thomvest Ventures | AppSec |
| SplxAI | Seed | N/A | $2,000,000 | Inovo.vc | Vulnerability |
| Osavul | Seed | N/A | $3,000,000 | 42CAP | OSINT |
| Element Security | Seed | N/A | $5,000,000 | Q Fund VC | Vulnerability |
| Arcjet | Seed | N/A | $3,600,000 | Andreesen Horowitz | AppSec |
| Hydden | Seed | N/A | $4,400,000 | Access Venture Partners | Identity |
| c/side | Seed | N/A | $6,000,000 | Uncork Capital | Browser |
| Edera | Seed | N/A | $5,000,000 | 645 Ventures | Container |
| Loom Security | Seed | N/A | $1,800,000 | Undisclosed | MSSP |
| American Binary | Funding | N/A | $1,000,000 | HEST Investments | Data |
| FifthWall | Funding | N/A | $3,200,000 | Undisclosed | Cyber Insurance |
| EasyDMARC | Funding | N/A | $20,000,000 | Radian Capital | |
| Dotfile | Funding | N/A | $6,700,000 | Seaya Ventures | GRC |
| Enginsight | Funding | N/A | $6,700,000 | UVC Partners | Security Services |
| Hypernative | Funding, A | N/A | $16,000,000 | Quantstamp | Crypto |
| P0 Security | Funding, A | N/A | $15,000,000 | SYN | Identity |
| Aembit | Funding, A | N/A | $25,000,000 | Acrew Capital | Identity |
| Datricks | Funding, A | N/A | $15,000,000 | Team8 | GRC |
| Operant | Funding, A | N/A | $10,000,000 | SineWave | AppSec |
| Patrowl | Funding, A | N/A | $12,157,000 | Auriga Cyber Ventures | PenTesting |
| Metabase Q | Funding, A | N/A | $11,000,000 | SYN Ventures | Orchestration |
| Tamnoon | Funding, A | N/A | $12,000,000 | Bright Pixel | Detection/Response |
| Blackpanda | Funding, A | N/A | $6,700,000 | Singtel | Forensics |
| DefectDojo | Funding, A | N/A | $7,000,000 | Iolar Ventures | AppSec |
| Apono | Funding, A | N/A | $15,500,000 | New Era Capital Partners | Identity |
| RunSafe Security | Funding, B | N/A | $12,000,000 | Critical Ventures | AppSec |
| BlackCloak | Funding, B | N/A | $17,000,000 | Baird Capital | Threat Intel |
| Strider | Funding, C | N/A | $55,000,000 | Pelion Venture Partners | Threat Intel |
| Intezer | Funding, C | N/A | $33,000,000 | Norwest Venture Partners | Detection/Response |
| Torq | Funding, C | N/A | $70,000,000 | Evolution Equity Partners | Automation |
| Zafran | Growth Funding | N/A | $40,000,000 | Sequoia | Vulnerability |
| Picus Security | Growth Funding | N/A | $45,000,000 | Riverwood Capital | Training |
August 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Next DLP | Acquisition | Fortinet | Undisclosed | N/A | Data |
| Phoenix IT | Acquisition | Dataprise | Undisclosed | N/A | Security Services |
| Vercara | Acquisition | DigiCert | Undisclosed | N/A | DNS |
| Aware | Acquisition | Mimecast | Undisclosed | N/A | Vulnerability |
| NeuroID | Acquisition | Experian | Undisclosed | N/A | Fraud |
| Robust Intelligence | Acquisition | Cisco | Undisclosed | N/A | AI/LLM |
| Cyberint | Acquisition | Check Point | $200,000,000 | N/A | Threat Intel |
| Endari | Seed | N/A | $4,000,000 | Undisclosed | Security Services |
| SafeGuard Privacy | Seed | N/A | $3,600,000 | TechOperators | GRC |
| Aurascape | Seed | N/A | $12,800,000 | Mayfield Fund | AI/LLM |
| Inscora | Seed | N/A | $2,000,000 | Luge Capital | Cyber Insurance |
| Axiad | Funding | N/A | $25,000,000 | Invictus Growth Partners | Identity |
| FenixPyre | Funding | N/A | $3,100,000 | Undisclosed | Data |
| Privacy Hawk | Funding | N/A | $3,000,000 | K Street Capital | Data |
| Uniqkey | Funding | N/A | $5,900,000 | BackingMinds | Identity |
| Fabric Cryptography | Funding, A | N/A | $33,000,000 | 1kx | Data |
| ProtectAI | Funding, B | N/A | $60,000,000 | Evolution Equity Partners | AI/LLM |
| Credo AI | Funding, B | N/A | $21,000,000 | CrimsoNox Capital | GRC |
| Anjuna | Funding, B | N/A | $25,000,000 | M Ventures | AppSec |
| Abnormal Security | Funding, D | N/A | $250,000,000 | Wellington Management | |
| Kiteworks | Growth Equity | N/A | $456,000,000 | Insight Partners | Data |
July 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Noetic | Acquisition | Rapid7 | Undisclosed | N/A | Vulnerability |
| Code42 | Acquisition | Mimecast | Undisclosed | N/A | Data |
| SydeLabs | Acquisition | Protect AI | Undisclosed | N/A | AI/LLM |
| GovSky | Seed | N/A | $2,500,000 | Peterson Ventures | GRC |
| PureCyber | Seed | N/A | $6,400,000 | BGF | Security Services |
| Command Zero | Seed | N/A | $21,000,000 | Andreesen Horowitz | Forensics |
| Cytactic | Seed | N/A | $16,000,000 | Evolution Equity Partners | Detection/Response |
| Tracebit | Seed | N/A | $5,000,000 | Accel | Detection/Response |
| FoxIo | Seed | N/A | $2,000,000 | Undisclosed | Network Security |
| Heeler Security | Seed | N/A | $8,500,000 | Norwest Venture Partners | AppSec |
| Zest Security | Seed | N/A | $5,000,000 | Hanaco Ventures | Vulnerability |
| Clutch | Seed | N/A | $8,500,000 | Lightspeed | Identity |
| XBOW | Funding | N/A | $20,000,000 | Undisclosed | PenTesting |
| Metabase Q | Funding | N/A | $5,100,000 | Undisclosed | MSSP |
| Kindo | Funding, A | N/A | $20,600,000 | Drive Capital | GRC |
| Linx | Funding, A | N/A | $27,000,000 | Index Ventures | Identity |
| CultureAI | Funding, A | N/A | $10,000,000 | Mercia Ventures | Training |
| Protexxa | Funding, A | N/A | $7,200,000 | Bell Ventures | Ratings |
| Lakera | Funding, A | N/A | $20,000,000 | Atomico | AI/LLM |
| Evo Security | Funding, A | N/A | $6,000,000 | TechOperators | Identity |
| ZeroTier | Funding, A | N/A | $13,500,000 | Battery Ventures | IoT |
| Lineaje | Funding, A | N/A | $20,000,000 | Prosperity7 Ventures | Supply Chain |
| Exein | Funding, B | N/A | $16,300,000 | 33N Ventures | IoT |
| Dazz | Funding, B | N/A | $50,000,000 | Greylock Partners | AppSec |
| Vanta Security | Funding, C | N/A | $150,000,000 | Sequoia | GRC |
| Chainguard | Funding, C | N/A | $140,000,000 | Redpoint Ventures | Supply Chain |
| Cowbell Cyber | Funding, C | N/A | $60,000,000 | Zurich Insurance Group | Cyber Insurance |
| Pindrop | Debt Funding | N/A | $100,000,000 | Hercules Capital | Fraud |
June 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| BastionZero | Acquisition | Cloudflare | Undisclosed | N/A | Identity |
| Eureka | Acquisition | Tenable | Undisclosed | N/A | Data |
| Lacework | Acquisition | Fortinet | Undisclosed | N/A | AppSec |
| Hubble | Acquisition | NetSPI | Undisclosed | N/A | Vulnerability |
| AirMDR | Seed | N/A | $5,000,000 | Storm Ventures | Detection/Response |
| Liminal | Seed | N/A | $5,000,000 | Fin Capital | AI/LLM |
| Symbiotic | Seed | N/A | $5,800,000 | Paradigm | Crypto |
| Trustwise | Seed | N/A | $4,000,000 | Hitachi Ventures | GRC |
| Cavero Quantum | Seed | N/A | $2,800,000 | Foresight Capital | Data |
| SpyCloud | Funding | N/A | $35,000,000 | CIBC Innovation Banking | Identity |
| ThreatModeler | Funding | N/A | $60,000,000 | Invictus Growth Partners | AppSec |
| GoPlus Security | Funding | N/A | $10,000,000 | OKX Ventures | Crypto |
| Pyte | Funding | N/A | $5,000,000 | Myriad Venture Partners | Data |
| Mondata | Funding | N/A | $17,000,000 | Dejardins | Security Services |
| Ohalo | Funding | N/A | $3,600,000 | YFM Equity Partners | GRC |
| Aim Security | Funding, A | N/A | $18,000,000 | Canaan Partners | AI/LLM |
| Entro | Funding, A | N/A | $18,000,000 | Dell Technologies Capital | Identity |
| Pomerium | Funding, A | N/A | $13,750,000 | Benchmark | Identity |
| Authzed | Funding, A | N/A | $12,000,000 | General Catalyst | Identity |
| iVerify | Funding, A | N/A | $12,000,000 | Shine Capital | Endpoint |
| XONA | Funding, B | N/A | $18,000,000 | Energy Impact Partners | OT/ICS |
| PQShield | Funding, B | N/A | $37,000,000 | Addition | Data |
| YesWeHack | Funding, C | N/A | $27,900,000 | Wendel | PenTesting |
| Cyberhaven | Funding, C | N/A | $88,000,000 | Adams Steet Partners | Data |
| Odaseva | Funding, C | N/A | $54,000,000 | Silver Lake Waterman | Data |
| HYPR | Funding, D | N/A | $30,000,000 | Silver Lake Waterman | Identity |
| Huntress | Funding, D | N/A | $150,000,000 | Kleiner Perkins | Detection/Response |
| OnSecurity | Growth Funding | N/A | $7,000,000 | Gresham House Ventures | Security Services |
| Semperis | Growth Funding | N/A | $125,000,000 | J.P. Morgan Growth Equity Partners | Identity |
| PortSwigger | Growth Funding | N/A | $112,000,000 | Brighton Park Capital | PenTesting |
| Hub Security | Growth Funding | N/A | $5,000,000 | N/A | Segmentation |
May 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Cyborg Security | Acquisition | Intel 471 | Undisclosed | N/A | Threat Intel |
| BioCatch | Acquisition | Permira | Undisclosed | N/A | Fraud |
| Noname Security | Acquisition | Akamai | $450,000,000 | N/A | API |
| Vumetric Cybersecurity | Acquisition | Telus | Undisclosed | N/A | PenTesting |
| QRadar via IBM | Acquisition | Palo Alto Networks | Undisclosed | N/A | SIEM |
| Venafi | Acquisition | CyberArk | $1,540,000,000 | N/A | Identity |
| Simpluris | Acquisition | CyEx | Undisclosed | N/A | Security Services |
| Informer | Acquisition | Bugcrowd | Undisclosed | N/A | Vulnerability |
| Pillr | Acquisition | OpenText | Undisclosed | N/A | Detection/Response |
| AuditBoard | Acquisition | Hg | $3,000,000,000 | N/A | GRC |
| Exabeam | Merger | LogRhythm | Undisclosed | N/A | SIEM |
| DeepKeep | Seed | N/A | $10,000,000 | AWZ Ventures | AI/LLM |
| Apex | Seed | N/A | $7,000,000 | Sequoia | GRC |
| Insane Cyber | Seed | N/A | $4,200,000 | Paladin Capital Group | OT/ICS |
| Anetac | Seed | N/A | $16,000,000 | Liberty Global | Identity |
| Mimic | Seed | N/A | $27,000,000 | Ballistic Ventures | Detection/Response |
| RunReveal | Seed | N/A | $2,500,000 | Costanoa Ventures | SIEM |
| Baselayer | Seed | N/A | $6,500,000 | Torch Capital | Fraud |
| Teleskope | Seed | N/A | $5,000,000 | Primary Venture Partners | Data |
| Blackwell Security | Seed | N/A | $13,000,000 | General Catalyst | XDR |
| Nudge Security | Seed | N/A | $9,500,000 | Forgepoint Capital | GRC |
| Niobium | Seed | N/A | $5,500,000 | Fusion Fund | Data |
| Token Security | Seed | N/A | $7,000,000 | TLV Partners | Identity |
| CyWreck | Seed | N/A | $2,000,000 | Angel | PenTesting |
| HoundDog.ai | Seed | N/A | $3,100,000 | E14 | Data |
| Averlon | Seed | N/A | $8,000,000 | Voyager Capital | Vulnerability |
| Userfront | Seed | N/A | $5,300,000 | Heavybit | Identity |
| Metatate | Seed | N/A | $1,100,000 | Undisclosed | Data |
| Zendata | Seed | N/A | $2,000,000 | PayPal Ventures | Data |
| Anapaya | Funding | N/A | $11,000,000 | Cape Capital | Data |
| Seamfix | Funding | N/A | $4,500,000 | Alitheia IDF | Identity |
| ActiveNav | Funding | N/A | $8,025,000 | Gresham House Ventures | Data |
| Idfy | Funding | N/A | $10,800,000 | IndiaMART | Identity |
| Aikido Security | Funding, A | N/A | $17,000,000 | Singular | AppSec |
| Oasis Security | Funding, A | N/A | $35,000,000 | Cyberstarts | Identity |
| LayerX | Funding, A | N/A | $26,000,000 | Glilot Capital Partners | Browser |
| TXOne Networks | Funding, B | N/A | $51,000,000 | Taiwania Capital | OT/ICS |
| Bolster AI | Funding, B | N/A | $14,000,000 | M12 | |
| SOCRadar | Funding, B | N/A | $25,200,000 | PeakSpan Capital | Threat Intel |
| Lumos | Funding, B | N/A | $35,000,000 | Scale Venture Partners | Identity |
| Transcend | Funding, B | N/A | $40,000,000 | StepStone Group | Data |
| StrongDM | Funding, C | N/A | $34,000,000 | Anchor Capital | Identity |
| Wiz | Funding, E | N/A | $1,000,000,000 | Andreesen Horowitz | Cloud |
| TraceableAI | Growth Funding | N/A | $30,000,000 | Sorenson Ventures | API |
April 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Longbow Security | Acquisition | Veracode | Undisclosed | N/A | Vulnerability |
| Airgap | Acquisition | Zsclaer | Undisclosed | N/A | Segmentation |
| Silk Security | Acquisition | Armis | $150,000,000 | N/A | Detection/Response |
| Entitle | Acquisition | BeyondTrust | Undisclosed | N/A | Identity |
| Coveware | Acquisition | Veeam | Undisclosed | N/A | Security Services |
| Egress | Acquisition | KnowBe4 | Undisclosed | N/A | |
| Darktrace | Acquisition | Thoma Bravo | $5,300,000,000 | N/A | Detection/Response |
| Prophet Security | Seed | N/A | $11,000,000 | Bain Capital | Forensics |
| Simbian | Seed | N/A | $10,000,000 | Cota Capital | Automation |
| Amplifier Security | Seed | N/A | $3,300,000 | Cota Capital | Training |
| TrojAI | Seed | N/A | $5,750,000 | Flying Fish | AI/LLM |
| PVML | Seed | N/A | $8,000,000 | NFX | Data |
| Andesite | Seed | N/A | $15,250,000 | Red Cell Partners | Vulnerability |
| Knostic | Seed | N/A | $3,300,000 | Sheild Capital | AI/LLM |
| VulnCheck | Seed | N/A | $8,000,000 | Sorenson Ventures | Vulnerability |
| Nymiz | Seed | N/A | $3,000,000 | Swanlaab | Data |
| BreachRX | Seed | N/A | $6,500,000 | SYN Ventures | GRC |
| Miggo Security | Seed | N/A | $7,500,000 | YL Ventures | Detection/Response |
| NightVision | Seed | N/A | $5,400,000 | AppSec | |
| Anon | Seed | N/A | $6,500,000 | Union Square Ventures | Identity |
| Boxphish | Seed | N/A | $4,080,000 | BGF | Training |
| Cynomi | Funding | N/A | $20,000,000 | Canaan | Virtual CISO |
| StrikeReady | Funding, A | N/A | $12,000,000 | 33N Ventures | MSSP |
| Vorlon | Funding, A | N/A | $15,700,000 | Accel | API |
| Permiso | Funding, A | N/A | $18,500,000 | Altimeter Capital | Detection/Response |
| Allure Security | Funding, A | N/A | $10,000,000 | Curql | Fraud |
| Sublime Security | Funding, A | N/A | $20,000,000 | Index Ventures | |
| BforeAI | Funding, A | N/A | $15,000,000 | SYN Ventures | Threat Intel |
| Nagomi Security | Funding, A | N/A | $23,000,000 | TCV | Vulnerability |
| Dropzone AI | Funding, A | N/A | $16,850,000 | Theory Ventures | Detection/Response |
| Turnkey | Funding, A | N/A | $15,000,000 | Lightspeed Faction | Crypto |
| Sprinto | Funding, B | N/A | $20,000,000 | Accel | GRC |
| Cape | Funding, B | N/A | $40,000,000 | A-Star | Data |
| Tines | Funding, B | N/A | $50,000,000 | Felicis | Automation |
| Alethea | Funding, B | N/A | $20,000,000 | Google Ventures | OSINT |
| Qohash | Funding, B | N/A | $17,400,000 | Fonds de solidarite FTQ | Data |
| SafeBase | Funding, B | N/A | $33,000,000 | Touring Capital | Ratings |
| Elisity | Funding, B | N/A | $37,000,000 | Insight Partners | Segmentation |
| Anvilogic | Funding, C | N/A | $45,000,000 | Evolution Equity Partners | Detection/Response |
| ThreatLocker | Funding, D | N/A | $115,000,000 | General Atlantic | Endpoint |
| Island | Funding, D | N/A | $175,000,000 | Coatue | Browser |
| Corelight | Funding, E | N/A | $150,000,000 | Accel | Detection/Response |
| Scrut Automation | Growth Funding | N/A | $10,000,000 | Lightspeed Ventures | GRC |
| Apptega | Growth Funding | N/A | $15,000,000 | Mainsail Partners | GRC |
| Hub Security | Debt Funding | N/A | $8,000,000 | N/A | Segmentation |
March 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Bearer | Acquisition | Cycode | Undisclosed | N/A | AppSec |
| Flow Security | Acquisition | CrowdStrike | $200,000,000 | N/A | Data |
| Avalor | Acquisition | Zsclaer | $350,000,000 | N/A | Data |
| Gem Security | Acquisition | Wiz | $350,000,000 | N/A | Detection/Response |
| PCG Cyber | Acquisition | AUCloud | Undisclosed | N/A | Security Services |
| Intrinsic ID | Acquisition | Synopsys | Undisclosed | N/A | Firmware Security |
| INDODAS | Acquisition | Airbus | Undisclosed | N/A | MSSP |
| Foretrace | Acquisition | Flare | Undisclosed | N/A | Threat Intel |
| Carbon Black | Merger | Broadcom’s Symantec BU | N/A | N/A | Endpoint |
| BBT.Live | Seed | N/A | $1,100,000 | Tzvi Neta Holdings | Network Security |
| Sitehop | Seed | N/A | $6,333,000 | Amadeus Capital | Data |
| PeakMetrics | Seed | N/A | $3,000,000 | York IE | OSINT |
| Youverify | Seed | N/A | $2,500,000 | Elm | Identity |
| Codezero | Seed | N/A | $3,500,000 | Ballistic Ventures | AppSec |
| Redcoat AI | Seed | N/A | $4,240,000 | Pear VC | PenTesting |
| Tarsal | Seed | N/A | $6,000,000 | Harpoon Ventures | Data |
| LeakSignal | Seed | N/A | $1,600,000 | Shasta Ventures | Data |
| BlueFlag Security | Seed | N/A | $11,500,000 | Maverick Ventures | AppSec |
| Dymium | Seed | N/A | $7,000,000 | Two Bear Capital | Data |
| Abstract Security | Seed | N/A | $8,500,000 | Crosslink Capital | SIEM |
| Bedrock Security | Seed | N/A | $10,000,000 | Greylock Partners | Data |
| Leen Security | Seed | N/A | $2,800,000 | 11.2 Capital | Data |
| Think Cyber | Seed | N/A | $3,800,000 | Fuel Ventures | Training |
| Binarly | Seed | N/A | $10,500,000 | Two Bear Capital | Supply Chain |
| Zafran | Seed | N/A | $30,000,000 | Sequoia | Vulnerability |
| SydeLabs | Seed | N/A | $2,500,000 | RTP Global | AI/LLM |
| DataKrypto | Seed | N/A | $3,251,000 | Cysero | Data |
| Sandfly Security | Seed | N/A | $1,300,000 | Gula Tech Adventures | OS Security |
| CredShields | Funding | N/A | $1,000,000 | Draper Associates | Crypto |
| Bluecyber | Funding | N/A | $1,500,000 | Invisto.com.vc | Cyber Insurance |
| Cayosoft | Funding | N/A | $22,500,000 | Centana Growth Partners | Detection/Response |
| Sevco Security | Funding | N/A | $17,000,000 | SYN Ventures | Vulnerability |
| Sweet Security | Funding, A | N/A | $33,000,000 | Evolution Equity Partners | Detection/Response |
| Zama | Funding, A | N/A | $73,000,000 | Multicoin Capital | Data |
| Defense Unicorns | Funding, A | N/A | $35,000,000 | Sapphire Ventures | AppSec |
| Reach Security | Funding, A | N/A | $20,000,000 | Ballistic Ventures | Threat Intel |
| BotGuard | Funding, A | N/A | $13,100,000 | MMC Ventures | Bot |
| CyberSaint | Funding, A | N/A | $21,000,000 | Riverside Acceleration Capital | GRC |
| StealthMole | Funding, A | N/A | $7,000,000 | Korea Investment Partners | OSINT |
| Sprocket Security | Funding, A | N/A | $8,000,000 | Blueprint Equity | Security Services |
| Todyl | Funding, B | N/A | $50,000,000 | Base10 Partners | XDR |
| Eye Security | Funding, B | N/A | $39,200,000 | J.P. Morgan Growth Equity Partners | MSSP |
| SkyFlow | Funding, B | N/A | $30,000,000 | Khosla Ventures | Data |
| Coro | Funding, D | N/A | $100,000,000 | One Peak | XDR |
| Axonius | Funding, E | N/A | $200,000,000 | Accel | Vulnerability |
| Dtex | Funding, E | N/A | $50,000,000 | CapitalG | Threat Intel |
| Nozomi | Funding, E | N/A | $100,000,000 | Mitsubishi Electric | OT/ICS |
| Claroty | Growth Funding | N/A | $100,000,000 | Delta-v Capital | OT/ICS |
| BigID | Growth Funding | N/A | $60,000,000 | Riverwood Capital | Data |
| Finite State | Growth Funding | N/A | $20,000,000 | Energy Impact Partners | AppSec |
| Cyera | Growth Funding | N/A | $300,000,000 | Coatue | AI/LLM |
February 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| ZeroFox | Acquisition | Haveli Investments | $350,000,000 | N/A | OSINT |
| Skiff | Acquisition | Notion | Undisclosed | N/A | Data |
| CTCI | Acquisition | Armis | $20,000,000 | N/A | Threat Intel |
| Kolide | Acquisition | 1Password | Undisclosed | N/A | Endpoint |
| BreachQuest | Acquisition | Resilience | Undisclosed | N/A | Detection/Response |
| Fastpath | Acquisition | Delinea | Undisclosed | N/A | Identity |
| Seal Security | Seed | N/A | $7,400,000 | Vertex Ventures Israel | Vulnerability |
| Ktrust | Seed | N/A | $5,300,000 | AWZ Ventures | Container |
| ClearTrust | Seed | N/A | $1,900,000 | Ideaspring Capital | Fraud |
| Clarity | Seed | N/A | $16,000,000 | Walden Catalyst Ventures | Fraud |
| Armilla AI | Seed | N/A | $4,500,000 | Mistral Venture Partners | GRC |
| Prowler | Seed | N/A | $6,000,000 | Decibel VC | Vulnerability |
| ExactTrak | Seed | N/A | $1,200,000 | N/A | IoT |
| Silence Laboratories | Seed | N/A | $4,100,000 | Pi Ventures | Data |
| ESProfiler | Seed | N/A | $3,551,000 | Nauta Capital | Vulnerability |
| Tenchi Security | Funding, A | N/A | $7,000,000 | Bradesco PE & VC | Security Services |
| Permit.io | Funding, A | N/A | $8,000,000 | Scale Venture Partners | Identity |
| LimaCharlie | Funding, A | N/A | $10,200,000 | Sands Capital | MSSP |
| LightBeam.ai | Funding, A | N/A | $17,800,000 | Vertex Ventures US | Data |
| Ionix (was Cyberpion) | Funding, A | N/A | $15,000,000 | Moar Investments | Vulnerability |
| Device Authority | Funding, A | N/A | $9,000,000 | Ten Eleven Ventures | Identity |
| Filigran | Funding, A | N/A | $16,000,000 | Accel | Threat Intel |
| Nucleus Security | Funding, B | N/A | $43,000,000 | Arthur Ventures | Vulnerability |
| Bugcrowd | Growth Funding | N/A | $102,000,000 | General Catalyst | PenTesting |
January 2024
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Trustwave | Acquisition | The Chertoff Group | Undisclosed | N/A | MSSP |
| Runecast | Acquisition | Dynatrace | Undisclosed | N/A | Vulnerability |
| PingSafe | Acquisition | SentinelOne | $100,000,000 | N/A | Detection/Response |
| Laiyer AI | Acquisition | Protect AI | Undisclosed | N/A | AI/LLM |
| Helios | Acquisition | Snyk | Undisclosed | N/A | AppSec |
| Elevate Security | Acquisition | Mimecast | Undisclosed | N/A | GRC |
| Compliance Solutions Inc. | Acquisition | CS Complete | Undisclosed | N/A | Security Services |
| Banyan Security | Acquisition | SonicWall | Undisclosed | N/A | SASE |
| Authomize | Acquisition | Delinea | Undisclosed | N/A | Identity |
| Reken | Seed | N/A | $10,000,000 | Greycroft | AI/LLM |
| Prompt Security | Seed | N/A | $5,000,000 | Hetz Ventures | AI/LLM |
| Kusari | Seed | N/A | $8,000,000 | J2 Ventures | Supply Chain |
| Aim Security | Seed | N/A | $10,000,000 | YL Ventures | AI/LLM |
| Oleria | Funding, A | N/A | $33,000,000 | Evolution Equity Partners | Identity |
| Oasis Security | Funding, A | N/A | $35,000,000 | Sequoia | Identity |
| Doppel | Funding, A | N/A | $14,000,000 | Andreesen Horowitz | OSINT |
| Vicarius | Funding, B | N/A | $30,000,000 | Bright Pixel | Vulnerability |
| Torq | Funding, B | N/A | $42,000,000 | Bessemer | Automation |
| Incognia | Funding, B | N/A | $31,000,000 | Bessemer | Identity |
| Clerk | Funding, B | N/A | $30,000,000 | CRV | Identity |
| Anecdotes | Funding, B | N/A | $25,000,000 | Glilot Capital Partners | GRC |
| Secret Double Octopus | Funding, C | N/A | $15,000,000 | BGV | Identity |
| Bastille | Funding, C | N/A | $44,000,000 | Goldman Sachs | Threat Intel |
| Silverfort | Funding, D | N/A | $116,000,000 | Brighton Capital | Identity |
| Aqua Security | Funding, E | N/A | $60,000,000 | Evolution Equity Partners | Cloud |
| Extrahop | Growth Funding | N/A | $100,000,000 | Undisclosed | Detection/Response |
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.
