August 2024 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 2024 dataset — every named company, round, investor, and segment.
What August told us
August 2024 ran 21 transactions and $904M in disclosed funding, with the headline dollar total carried by two large late-stage checks: Kiteworks' $456M growth round in data security and Abnormal Security's $250M Series D in email. Together those two transactions accounted for 78% of disclosed August capital, with the remaining 12 funding rounds averaging roughly $16M each.
The Kiteworks round is worth lingering on. At $456M, it was the second-largest funding event of 2024 after the Wiz $1B Series E in May, and the first nine-figure event for Kiteworks in the workbook. The capital landed alongside the company's broader pivot into content-firewall positioning — a Data-segment story that's been brewing across 2023–2024 as governance and data flow controls converge on the same enterprise budget line.
M&A activity included Check Point's $200M acquisition of Cyberint — a clean threat-intelligence tuck-in that consolidates an external-threat-intel specialist into a major security platform. The deal is the latest signal that threat-intelligence as a standalone segment is being absorbed into security platforms, a pattern visible across the workbook's 2022 and 2023 M&A columns.
Stage and segment breakdown
| Stage | Count |
|---|---|
| Seed | 4 |
| Series A | 1 |
| Series B | 3 |
| Series D+ | 1 |
| Growth Funding | 1 |
| Acquisition | 7 |
| Top segments | Transactions |
|---|---|
| Data | 5 |
| AI/LLM | 3 |
| Security Services | 2 |
| GRC | 2 |
| Identity | 2 |
| AppSec | 1 |
Two deals worth your attention
Kiteworks — $456M growth round led by Insight Partners and Sixth Street. Kiteworks raised $456M to extend its content-firewall platform across more regulated industries. The round was the largest funding event of August and one of the two largest growth-equity events of 2024, alongside Cyera's earlier $300M round — both inside the Data segment, both signaling that data-flow governance had become a defensible growth-equity bet.
Check Point's $200M acquisition of Cyberint. Check Point folded Cyberint's external threat intelligence platform into its broader security operations stack. The deal is a clean tuck-in inside Threat Intel and the latest in a multi-quarter run of platform vendors absorbing external-threat-intel specialists — consistent with the 2023 Cyberint-adjacent moves but at a meaningfully larger ticket size.
Companies we've covered before
Abnormal Security first appeared in November 2020 with a $50M Series B in Email, returning in May 2022 with a $210M Series C and again in March 2023 with a $10M growth event. The August 2024 $250M Series D is Abnormal's fourth round in the workbook — same segment across all four — and reinforces Email as one of the more durable single-segment growth stories the workbook tracks.
Protect AI first appeared in December 2022 with a $13.5M Seed in AppSec, returning in July 2023 with a $35M Series A in the same segment. The August 2024 $60M Series B reclassifies Protect AI under AI/LLM rather than AppSec — a clean illustration of how the taxonomy evolved to track LLM-specific security as its own segment over the same window.
The other 19 transactions are in the data feed — including the 7 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.