Cyber Security Vendor Funding Report – Q1, 2022

Q1 Cyber Security Vendor Transaction Highlights

124 total funding and M&A transactions
$5.3 Billion raised over 85 rounds
39 total acquisitions

Visualization: Q1 Security Vendor Funding

Visualization: Q1 Funding Round Count

Full Monthly Funding and M&A Transaction Lists

March 2022

February 2022

January 2022

March 2022

February 2022

January 2022

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.

Vendor	Market Segment	Activity Type	Acquiring Co.	Financials
Mandiant	Threat Intel	Acquisition	Google	$5.4B
Alert Logic	MDR	Acquisition	HelpSystems	Undisclosed
Attivo Networks	Threat Detection/Response	Acquisition	SentinelOne	$616.5M
Debricked	OSINT	Acquisition	CyberRes/Micro Focus	Undisclosed
SecureKey	Identity / Authentication	Acquisition	Avast	Undisclosed
Zimperium	Mobile Security	Acquisition	Liberty Strategic Capital	$525M

BastionZero	ZeroTrust	Seed		$6M
OneLayer	5G/Private Network Security	Seed		$8.2M
Trustero	Compliance as a Service	Seed		$8M
Bright Security (NeuraLegion)	AppSec	Funding, A-round		$20M
nSure.ai	Fraud Prevention	Funding, A-round		$18M
CardinalOps	Threat Detection	Funding, A-round		$17.5M
VISO	Risk Intelligence	Funding, A-round		$11M
Cider Security	AppSec	Funding, A-round		$32M
SafeBase	Security Scoring	Funding, A-round		$18M
Rumble	Attack Surface Management	Funding, A-round		$15M
Hackuity	Vulnerability Management	Funding, A-round		$13M
Todyl	XDR	Funding, A-round		$28M
Clear Skye	Identity Governance	Funding, A-round		$14M
Cyberpion	Attack Surface Management	Funding, A-round		$27M
Wing Security	SaaS Security	Funding, A-round		$20M
Cybersixgill	Threat Intel	Funding, B-round		$35M
Cowbell Cyber	Cyber Insurance	Funding, B-round		$100M
ForAllSecure	AppSec	Funding, B-round		$21M
Bionic	Application Posture Management	Funding, B-round		$65M
MixMode	Detection	Funding, B-round		$45M
Island	Secure Web Browser	Funding, B-round		$115M
TokenEx	Cloud Tokenization	Funding, B-round		$100M
Nucleus Security	Vulnerability Management	Funding, B-round		$20M
Theta Lake	Collaboration App Security	Funding, B-round		$50M
Shoreline	Incident Response	Funding, B-round		$35M
Balbix	Posture Management	Funding, C-round		$70M
Axonius	Security Asset Management	Funding, E-round		$200M
Cydarm	Incident Response	Equity Funding		$3M
authID.ai	Authentication	Financing		$22.5M
Cyera	Cloud Data Security	Funding		$60M

Vendor	Market Segment	Activity Type	Acquiring Co.	Financials
Spectral	AppSec	Acquisition	Check Point	Undisclosed
CyberMDX	Medical IoT Security	Acquisition	Forescout	Undisclosed
Infosec	Cybersecurity Training	Acquisition	Cengage Group	$191M
Siriux	Identity/SaaS Posture Management	Acquisition	Vectra AI	Undisclosed
Glyptodon	Remote Access Gateway	Acquisition	Keeper Security	Undisclosed
Encode	Security Analytics/Response	Acquisition	Obrela Security	Undisclosed
Tetra Defense	Threat Intel/Incident Response	Acquisition	Arctic Wolf	Undisclosed
Cyber Lantern	Security Consulting/Compliance	Acquisition	Foresite Cybersecurity	Undisclosed
LIFARS	Digital Forensics	Acquisition	SecurityScorecard	Undisclosed
Vectrix	CASB	Acquisition	Cloudflare	Undisclosed
Swivel Secure	IAM	Acquisition	BIO_key	Undisclosed
Xanitizer	SAST	Acquisition	WhiteSource	Undisclosed
DefenseCode	SAST	Acquisition	WhiteSource	Undisclosed
Fugue	CSPM	Acquisition	Snyk	Undisclosed
SecurityDAM	Cloud Security	Acquisition	Radware	$42.5M
Cyber Risk Aware	Security Awareness/Training	Acquisition	TitanHQ	Undisclosed
Area1 Security	Email Security	Acquisition	Cloudflare	$162M
Tripwire	Compliance	Acquisition	HelpSystems	$350M
Cybersprint	Attack Surface Management	Acquisition	Darktrace	$53.7M
Caretower	MSSP	Acquisition	Integrity360	Undisclosed
Nord Security/Surfshark	VPN	Merger		Undisclosed
Talon	Browser Security	Seed+		$17M
Cynomi	Virtual CISO Platform	Seed		$3.5M
DeepSurface	Risk Analysis	Seed		$4.5M
Canonic Security	App Governance	Seed		$6M
Allure Security	Fraud Detection/Prevention	Seed		$6.8M
Titaniam	Data Protection/Privacy	Seed		$6M
Ruby Protocol	Data Protection/Privacy	Seed		$7.3M
Permit.io	Authorization	Seed		$6M
Astrix Security	Attack Surface Management	Seed		$15M
Feroot Security	Web Application Security	Seed		$11M
Pixm	Phishing Mitigation	Seed+		$4.3M
eSentire	MDR	Funding		$325M
Cerby	Security Automation	Funding, A-round		$12M
Vicarius	Vulnerability Remediation	Funding, A-round		$24M
Legit Security	Supply Chain Security	Funding, A-round		$30M
Calamu	Ransomware Recovery	Funding, A-round		$16.5M
Sardine	Fraud Prevention	Funding, A-round		$19.5M
Netacea	Bot Detection/Mitigation	Funding, A-round		$12M
Phosphorus	IoT Security	Funding, A-round		$38M
Cyble	Threat Intel	Funding, A-round		$10M
anecdotes	Compliance OS	Funding, A-round		$25M
PlexTrac	Security Posture Management	Funding, B-round		$70M
Shift5	OT Security	Funding, B-round		$50M
Secureframe	Automated Compliance	Funding, B-round		$56M
Red Sift	Email Security	Funding, B-round		$54M
Beyond Identity	MFA	Funding, C+-round		$100M
Cheq	Web Traffic Security	Funding, C-round		$150M
Salt Security	API Security	Funding, D-round		$140M
BlueVoyant	MDR	Funding, D-round		$250M
ThriveDX	Cybersecurity Training	Growth Funding		$100M
Securonix	XDR/SIEM	Growth Funding		$1B

Vendor	Market Segment	Activity Type	Acquiring Co.	Financials
Siemplify	SOAR	Acquisition	Google	$500M
SecurityTrails	Attack Surface Management	Acquisition	Recorded Future	$65M
Cygilant	SecOps as a Service	Acquisition	SilverSky	Undisclosed
Dathena	Data Security	Acquisition	Proofpoint	Undisclosed
Mocana	IoT Security	Acquisition	DigiCert	Undisclosed
Risk Based Security	Vendor Risk Ratings	Acquisition	Flashpoint	Undisclosed
RapidSec	Web/API Security	Acquisition	Orca	Undisclosed
BTB Security	Digital Forensics	Acquisition	Netrix	Undisclosed
iland	Secure Cloud	Acquisition	11:11	Undisclosed
Infocyte	Threat Detection/Response	Acquisition	Datto	Undisclosed
Quadrant Information Security	MDR	Acquisition	Worklyn Partners	Undisclosed
Magalix	Cloud Native Security	Acquisition	Weaveworks	Undisclosed
Eureka	Data Cloud Security	Seed		$8M
Permiso	Cloud Detection/Response	Seed		$10M
Polar Security	Cloud Data Security	Seed		$8.5M
Scribe Security	Supply Chain Security	Seed		$7M
ArmorCode	AppSec	Seed+		$8M
iProov	Biometric Authentication	Funding		$70M
Web3Auth	Crypto Authentication	Funding, A-round		$13M
Verica	Continuous Verification	Funding, A-round		$12M
Slim.AI	Cloud Native AppSec	Funding, A-round		$31M
PQShield	Quantum Data Security	Funding, A-round		$20M
Revelstoke	SOAR	Funding, A-round		$13M
Portnox	NAC	Funding, A-round		$22M
Xage	Critical Infrastructure	Funding, B-round		$30M
Banyan Security	Zero Trust	Funding, B-round		$30M
Anitian	Cloud Security/Compliance	Funding, B-round		$55M
Codenotary	DevSecOps	Funding, B-round		$12.5M
Censys	Attack Surface Management	Funding, B-round		$35M
Pentera	Threat Detection/Response	Funding, C-round		$150M
1Password	Password Management	Funding, C-round		$620M
Virtru	Zero Trust	Funding, C-round		$60M
Hunters	XDR	Funding, C-round		$68M
Veriff	Identity Verification	Funding, C-round		$100M
HackerOne	Bug Bounty/Pen Testing	Funding, E-round		$49M
Human Security	Bot Mitigation	Growth Funding		$100M