August's cyber security vendor transaction highlights
- 46 total funding and M&A transactions
- $900.5 Million raised over 40 rounds
- 6 M&A events
August's funding round breakdown

August's funding rounds and mergers & acquisitions
Funding
M&A
Funding
Vendor | Activity Type | Financials | Market Segment |
Silk Security | Seed | $12,500,000 | Detection/Response |
Plerion | Seed | $10,000,000 | Vulnerability |
Jericho Security | Seed | $3,000,000 | Training |
Tromzo | Seed | $8,000,000 | AppSec |
Abbey Labs | Seed | $5,250,000 | Identity |
Gamboc | Seed | $5,000,000 | AppSec |
SphereX | Seed | $8,200,000 | Crypto |
Sweet Security | Seed | $12,000,000 | Detection/Response |
Kivera | Seed | $3,500,000 | Vulnerability |
zkPass | Seed | $2,500,000 | Data |
Pistachio | Seed | $3,500,000 | Training |
Spearbit | Seed | $7,000,000 | Crypto |
Cube3.ai | Seed | $8,200,000 | Crypto |
Dropzone AI | Seed | $3,500,000 | Detection/Response |
BBT.Live | Seed | $1,600,000 | Network Security |
iVerify | Seed | $4,000,000 | Vulnerability |
PRIBIT Technology | Seed | $3,000,000 | Network Security |
Fianu Labs | Seed | $2,000,000 | GRC |
Trava Security | Funding | $7,000,000 | Security Services |
Socket | Funding, A | $20,000,000 | Supply Chain |
Converge Insurance | Funding, A | $15,000,000 | Cyber Insurance |
Endor Labs | Funding, A | $70,000,000 | AppSec |
ConductorOne | Funding, A | $27,000,000 | Identity |
Rootly | Funding, A | $12,000,000 | Detection/Response |
Stamus Networks | Funding, A | $6,000,000 | Network Security |
ProjectDiscovery | Funding, A | $25,000,000 | Vulnerability |
Metabase Q | Funding, A | $3,000,000 | Orchestration |
Tausight | Funding, A | $6,000,000 | Data |
Cerby | Funding, A | $17,000,000 | Identity |
Cypago | Funding, A | $13,000,000 | GRC |
Symmetry Systems | Funding, B | $17,700,000 | Data |
Osano | Funding, B | $25,000,000 | Data |
Grip Security | Funding, B | $41,000,000 | SaaS Security |
Nile | Funding, C | $175,000,000 | Network Security |
Horizon3 | Funding, C | $40,000,000 | PenTesting |
Resilience | Funding, D | $100,000,000 | Cyber Insurance |
Sentry Enterprises | Funding, D | $13,000,000 | Identity |
Veza | Growth Funding | $15,000,000 | Identity |
SpyCloud | Growth Funding | $110,000,000 | Identity |
Hyperproof | Growth Funding | $40,000,000 | GRC |
M&A
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 |
Research Methodology
Pinpoint is constantly working to improve its data collection and dissemination. As cybersecurity is an industry in constant flux, where segments continue to be created or rebranded, our guiding principle is to record and reflect data as accurately as possible while maintaining measurable statistics.
Here’s how we go about it.
- The primary objective is tracking the cybersecurity vendor community.
- The existence of a security feature within a wider tech offering does not make it a “cybersecurity vendor” for this data set.
- If a funding round has not been defined, it is referred to as “funding”.
- A “plus round” or “oversubscribed round” will be categorized in the round that has been oversubscribed. Example: A+ round will be recorded as an “A” round of funding.
- Grants and debt funding will not be recorded.
- Sub $1M pre-seed / seed rounds will not be recorded.
- Undisclosed funding rounds are omitted starting Q3, 2023.
- Due to the abundance of segments within cybersecurity, we have narrowed down the categories to reflect the core security function, or issue, the vendor addresses. This allows for reasonably accurate YoY segment comparisons.
- “Cloud Security” will be used only if a vendor performs multiple security functions in the cloud. If a vendor protects one function (exa. Identity or Data) in the cloud, they will be categorized as “Identity” or “Data”.
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.