August 2022 Cyber Funding & M&A Brief
Published by Pinpoint Search Group — the cybersecurity executive search firm that tracks every disclosed vendor funding round and acquisition in the sector.
At a glance
Get the full August 2022 dataset — every named company, round, investor, and segment.
What August told us
August 2022 added another large transaction to the year's public-cyber take-private thread. Thoma Bravo's $2.80B acquisition of Ping Identity was the third large 2022 Identity-segment take-private inside five months, following Thoma Bravo's own SailPoint deal in April. With Ping, the disclosed take-private value in the Identity segment alone for 2022 reached roughly $9.70B — a structural reset of the workforce-identity comp set for any vendor still trading publicly inside the category.
Below Ping Identity, M&A breadth was thin but meaningful. Centerbridge Partners acquired Computer Services Inc at $1.60B in the MSSP segment — a financial-services-adjacent cyber asset moving into PE ownership at scale — and three further acquisitions cleared at smaller or undisclosed values. The two disclosed M&A events combined for $4.40B in August disclosed M&A.
Funding activity ran $431.3M across 19 disclosed rounds — the lightest funded month of 2022 so far, slightly below July's $590.6M reading. Talon Cyber's $100M Series A in Browser was the largest funded round and the company's third workbook event — Talon had cleared a $26M Seed in April 2021 and a $17M Seed extension in February 2022, making the August round a notable Seed-to-Series-A ramp at compressed scale. TXOne Networks at $70M Series B in OT/ICS, Nightfall AI at $40M Series B in Data, ThreatX at $30M Series B in API, and Cybrary at $25M Series B in Training rounded out the named funded cohort. ZeroFox, an OSINT and digital-risk-protection vendor, also reached the public market in August — through a SPAC merger (Nasdaq: ZFOX) rather than a conventional IPO, one of the few cyber public-market listings the workbook has tracked through this point in 2022 and a route that grew more common as the traditional IPO window narrowed.
Stage and segment breakdown
| Stage | Count |
|---|---|
| Seed | 6 |
| Series A | 8 |
| Series B | 5 |
| Acquisition | 5 |
| Top segments | Transactions |
|---|---|
| Identity | 4 |
| Data | 4 |
| OT/ICS | 2 |
| OSINT | 2 |
| MSSP | 2 |
| API | 1 |
Two deals worth your attention
Thoma Bravo's $2.80B acquisition of Ping Identity. Thoma Bravo agreed to take Ping Identity private at $2.80B, extending the year's Identity-segment take-private thread that had begun with the SailPoint deal in April. With Ping, Thoma Bravo had now executed two of the three largest pure-Identity take-privates the workbook tracks inside five months, and the broader 2022 Identity-M&A column had reached roughly $9.70B in disclosed value — a structural reset of the workforce-identity comp set.
Talon Cyber Security — $100M Series A in Browser. Talon Cyber Security raised $100M Series A for its enterprise browser platform, the largest funded round of August and one of the larger Series A rounds in the Browser segment the workbook tracks. The round was Talon's third workbook event after a $26M Seed in April 2021 and a $17M Seed extension in February 2022 — a compressed Seed-to-A ramp inside the same segment classification across three rounds.
Companies we've covered before
Talon Cyber Security first appeared in April 2021 with a $26M Seed in Browser, returning in February 2022 with a $17M Seed extension in the same segment. The August 2022 $100M Series A is Talon's third tracked event — same segment classification across all three rounds — and one of the cleaner compressed Seed-to-A ramps inside Browser.
ThreatX first appeared in June 2021 with a $10M Series B in API. The August 2022 $30M Series B extension is ThreatX's second tracked event, same segment classification, and a clean Series B follow-on inside the API security category.
The other 23 transactions are in the data feed — including the 5 acquisitions whose values never hit the press. Get August's details and more →
Methodology
Every transaction in this brief was sourced from a primary public report and dedupe-checked against the master Pinpoint funding workbook, which now contains ~2,600 transactions back to May 2020. Funding totals reflect disclosed capital only; acquisition values are included where publicly available.
Each deal is classified against Pinpoint's normalized cybersecurity segment taxonomy — read directly off what the company says they protect and mapped to one of the canonical segments. The taxonomy has been maintained continuously since 2020 and currently covers roughly 55 segments. Identity, Data, Detection / Response, and Threat Intel have been tracked from the first month of the series; AppSec and GRC entered the following month; emergent categories (AI/LLM, Supply Chain, Quantum, Browser) are added when they first appear in vendor positioning. That normalization layer is what makes multi-year, cross-segment comparisons possible against an otherwise inconsistent vocabulary in the broader market.
About Pinpoint Search Group
Cybersecurity innovators work with Pinpoint Search Group to identify, attract, and land professionals that enable maturation, scale, and successful outcomes. As start-ups continue raising millions in funding and established vendors make acquisitions to round out their offerings, Pinpoint Search Group is keeping track.
Get the underlying data
The narrative above is the free version. The paid Pinpoint Cyber Funding Data feed gives you every named transaction, every disclosed investor, every segment classification — exportable, filterable, and updated as the deals close.