August's cyber security vendor transaction highlights
- 21 total funding and M&A transactions
- $904.4 Million raised over 14 rounds
- 7 M&A events
Crunching the Numbers
- The $904 Million raised in August 2024 is just about equal to funding raised in August 2023.
- 14 funding rounds were tracked in August ’24 compared to 40 in August, ’23.
- 14 rounds in terms of volume is light. Average monthly funding volume in 2024 is ~27 funding rounds per month, to date.
- YTD vendors raised $7.3 Billion, a 17% increase over the same period in 2023.
August's funding round breakdown
August's funding rounds and mergers & acquisitions
Funding
M&A
Funding
| Vendor | Activity Type | Financials | Lead Investor | Market Segment |
| Endari | Seed | $4,000,000 | Undisclosed | Security Services |
| SafeGuard Privacy | Seed | $3,600,000 | TechOperators | GRC |
| Aurascape | Seed | $12,800,000 | Mayfield Fund | AI/LLM |
| Inscora | Seed | $2,000,000 | Luge Capital | Cyber Insurance |
| Axiad | Funding | $25,000,000 | Invictus Growth Partners | Identity |
| FenixPyre | Funding | $3,100,000 | Undisclosed | Data |
| Privacy Hawk | Funding | $3,000,000 | K Street Capital | Data |
| Uniqkey | Funding | $5,900,000 | BackingMinds | Identity |
| Fabric Cryptography | Funding, A | $33,000,000 | 1kx | Data |
| ProtectAI | Funding, B | $60,000,000 | Evolution Equity Partners | AI/LLM |
| Credo AI | Funding, B | $21,000,000 | CrimsoNox Capital | GRC |
| Anjuna | Funding, B | $25,000,000 | M Ventures | AppSec |
| Abnormal Security | Funding, D | $250,000,000 | Wellington Management | |
| Kiteworks | Growth Equity | $456,000,000 | Insight Partners | Data |
M&A
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Next DLP | Acquisition | Fortinet | Undisclosed | Data |
| Phoenix IT | Acquisition | Dataprise | Undisclosed | Security Services |
| Vercara | Acquisition | DigiCert | Undisclosed | DNS |
| Aware | Acquisition | Mimecast | Undisclosed | Vulnerability |
| NeuroID | Acquisition | Experian | Undisclosed | Fraud |
| Robust Intelligence | Acquisition | Cisco | Undisclosed | AI/LLM |
| Cyberint | Acquisition | Check Point | $200,000,000 | Threat Intel |
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.
