Cyber Security Vendor Funding Report – Q1, 2024

Q1 Cyber Security Vendor Transaction Highlights

  • 101 total funding and M&A transactions
  • $2.3 Billion raised over 77 rounds
  • 24 total M&A events

Crunching the Numbers

  • The $2.3 Billion raised in Q1, 2024 represents a 20% decrease in funding raised when compared to Q1, 2023.
  • 77 funding rounds were tracked in Q1 ’24 compared to 75 in Q1, ’23. 
  • Seed funding represented 42% of all Q1, 2024 funding rounds recorded. 
  • A notable resurgence of late stage rounds is evident when compared to most of 2023. 

Annual Funding Comparison

Q1 Security Vendor Funding

Q1 Funding Round Count

Q1's funding rounds and mergers & acquisitions

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. 

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