Q2 Cyber Security Vendor Transaction Highlights
- 118 total funding and M&A transactions
- $4.2 Billion raised over 100 rounds
- 18 total M&A events
Crunching the Numbers
- The $4.2 Billion raised in Q2, 2025 represents a 25% increase in funding raised when compared to Q2, 2024.
- 100 funding rounds were tracked in Q2 ’25 compared to 98 in Q2, ’24.
- Early stage funding (Seed, Series-A) represents 56% of all Q2, 2025 funding rounds recorded.
- Eight rounds of funding >$100M were recorded in Q2, 2025 accounting for 55% of all funding in the period.
- YTD security vendors raised $6.4 Billion, a 13% increase over the same period in 2024.
Annual Funding Comparison
Q2 Security Vendor Funding
Q2 Funding Round Count
Q2's funding rounds and mergers & acquisitions
June 2025
May 2025
April 2025
June 2025
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Corellium | Acquisition | Cellebrite | $190,000,000 | N/A | Vulnerability |
| Raito BV | Acquisition | Collibra | Undisclosed | N/A | Identity |
| Nok Nok Labs | Acquisition | OneSpan | Undisclosed | N/A | Identity |
| Fletch | Acquisition | F5 | Undisclosed | N/A | Vulnerability |
| SecureAck | Acquisition | CybaVerse | Undisclosed | N/A | Automation |
| ThreatQuotient | Acquisition | Securonix | Undisclosed | N/A | Threat Intel |
| Tentacle | Acquisition | Cytracom | Undisclosed | N/A | GRC |
| Mesh Security | Acquisition | Bitdefender | Undisclosed | N/A | |
| Invariant Labs | Acquisition | Snyk | Undisclosed | N/A | AI/LLM |
| Dedge Security | Seed | N/A | $4,600,000 | Tritemius | AppSec |
| ZeroRISC | Seed | N/A | $10,000,000 | Fontinalis Partners | Firmware Security |
| Repello AI | Seed | N/A | $1,200,000 | General Catalyst | PenTesting |
| Circumvent | Seed | N/A | $6,000,000 | Paladin Capital Group | AppSec |
| Quantix Edge Security | Seed | N/A | $22,600,000 | SETT | Firmware Security |
| Steryon | Seed | N/A | $1,100,000 | 4Founders Capital | GRC |
| RevEng.ai | Seed | N/A | $4,150,000 | Sands Capital | Supply Chain |
| Bonfy.AI | Seed | N/A | $9,500,000 | TLV Partners | Data |
| Better-Auth | Seed | N/A | $5,000,000 | Peak XV | Identity |
| 8Layers | Seed | N/A | $1,700,000 | JME Ventures | Identity |
| Trustifi | Funding, A | N/A | $25,000,000 | Camber Partners | |
| ThreatSpike | Funding, A | N/A | $14,000,000 | Expedition Capital | MSSP |
| MIND | Funding, A | N/A | $30,000,000 | Paladin Capital Group | Data |
| Compyl | Funding, A | N/A | $12,000,000 | Venture Guides | GRC |
| Baobab Insurance | Funding, A | N/A | $13,676,000 | Viola FinTech | Cyber Insurance |
| Infisical | Funding, A | N/A | $16,000,000 | Gil Capital | Identity |
| Maze | Funding, A | N/A | $25,000,000 | Theory Ventures | Vulnerability |
| Guardz | Funding, B | N/A | $56,000,000 | ClearSky | Detection/Response |
| Turnkey | Funding, B | N/A | $30,000,000 | Bain Capital | Crypto |
| Hypernative | Funding, B | N/A | $40,000,000 | Ten Eleven Ventures | Crypto |
| Conveyor | Funding, B | N/A | $20,000,000 | SignalFire | GRC |
| Fleet | Funding, B | N/A | $27,000,000 | Ten Eleven Ventures | Endpoint |
| Supply Wisdom | Funding, B | N/A | $14,000,000 | Jurassic Capital | GRC |
| Zama | Funding, B | N/A | $57,000,000 | Blockchange Ventures | Data |
| Zero Networks | Funding, C | N/A | $55,000,000 | Highland Europe | Segmentation |
| Clearspeed | Funding, D | N/A | $60,000,000 | Align Private Capital | Fraud |
| Swimlane | Growth Funding | N/A | $45,000,000 | Energy Impact Partners | Automation |
| Cato Networks | Growth Funding | N/A | $359,000,000 | Undisclosed | SASE |
| Gatewatcher | Debt Funding | N/A | $29,400,000 | European Investment Bank | Detection/Response |
May 2025
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Opus Security | Acquisition | Orca | Undisclosed | N/A | Threat Intel |
| Lookout Cloud Security | Acquisition | Fortra | Undisclosed | N/A | Cloud |
| Hornetsecurity | Acquisition | Proofpoint | $1,000,000,000 | N/A | Security Services |
| Veriti | Acquisition | Check Point | $100,000,000 | N/A | Ratings |
| Red Canary | Acquisition | Zscaler | Undisclosed | N/A | Detection/Response |
| Apex | Acquisition | Tenable | Undisclosed | N/A | GRC |
| Minimus | Seed | N/A | $51,000,000 | YL Ventures | AppSec |
| Valarian | Seed | N/A | $7,000,000 | Scout Ventures | Segmentation |
| Tesseral | Seed | N/A | $3,300,000 | Y Combinator | Identity |
| Kovr.ai | Seed | N/A | $3,600,000 | IronGate | GRC |
| Pixee | Seed | N/A | $15,000,000 | Decibel VC | AppSec |
| Unbound | Seed | N/A | $4,000,000 | Race Capital | AI/LLM |
| Cyacomb | Funding | N/A | $2,900,000 | Scottish National Bank | Forensics |
| TrustCloud | Funding | N/A | $15,000,000 | ServiceNow Ventures | GRC |
| StackHawk | Funding | N/A | $12,000,000 | Sapphire Ventures | AppSec |
| Cyera | Funding | N/A | $500,000,000 | Georgian | Data |
| Impart Security | Funding | N/A | $10,999,000 | CRV | API |
| Naoris | Funding | N/A | $3,000,000 | Mason Labs | Crypto |
| Qnu Labs | Funding, A | N/A | $7,000,000 | National Quantum Mission | Quantum |
| ClearVector | Funding, A | N/A | $13,000,000 | Scale Venture Partners | Identity |
| BreachRX | Funding, A | N/A | $15,000,000 | Ballistic Ventures | GRC |
| Theom | Funding, A | N/A | $20,000,000 | Wing VC | Data |
| Bright Security | Funding, A | N/A | $1,000,000 | TOLOKA | AppSec |
| Clarity Security | Funding, A | N/A | $9,000,000 | Silverton Partners | Identity |
| Doppel | Funding, B | N/A | $35,000,000 | Bessemer | OSINT |
| Ox Security | Funding, B | N/A | $60,000,000 | DTCP | AppSec |
| Acompany | Funding, B | N/A | $7,501,031 | Beyond Next Ventures | Data |
| CloudSEK | Funding, B | N/A | $19,000,000 | MassMutual Ventures | Threat Intel |
| Cerby | Funding, B | N/A | $40,000,000 | DTCP | Identity |
| Persona | Funding, D | N/A | $200,000,000 | Founders Fund | Identity |
| Horizon3.ai | Funding, D | N/A | $73,000,000 | NEA | PenTesting |
April 2025
| Vendor | Activity Type | Acquiring Company | Financials | Lead Investor | Market Segment |
| Zorus | Acquisition | DNSFilter | Undisclosed | N/A | DNS |
| Infigo | Acquisition | Allurity | Undisclosed | N/A | Security Services |
| ProtectAI | Acquisition | Palo Alto Networks | $700,000,000 | N/A | AI/LLM |
| Prowler | Seed | N/A | $6,500,000 | Decibel VC | Vulnerability |
| Octane | Seed | N/A | $6,750,000 | Archetype | AppSec |
| Liminal | Seed | N/A | $4,700,000 | Elevation Capital | Crypto |
| Unosecur | Seed | N/A | $5,000,000 | VentureFriends | Identity |
| Pillar Security | Seed | N/A | $9,000,000 | Shield Capital | AI/LLM |
| Kenzo Security | Seed | N/A | $4,500,000 | The General Partnership | Threat Intel |
| ideem | Seed | N/A | $2,400,000 | Sovereighns Capital | Fraud |
| GlitchSecure | Seed | N/A | $1,440,000 | Business Development Bank of Canada | Vulnerability |
| Hopper | Seed | N/A | $7,600,000 | Meron Capital | OSINT |
| Terra Security | Seed | N/A | $8,000,000 | SYN Ventures | PenTesting |
| Authmind | Seed | N/A | $19,300,000 | Cheyenne Ventures | Identity |
| Augur Security | Seed | N/A | $7,000,000 | General Advance | Threat Intel |
| Amplifier Security | Seed | N/A | $5,600,000 | Westwave Capital | Training |
| Adaptive | Funding | N/A | $43,000,000 | Andreesen Horowitz | Training |
| Aurascape | Funding | N/A | $50,000,000 | Menlo Ventures | AI/LLM |
| Qevlar | Funding | N/A | $10,000,000 | EQT Ventures | Threat Intel |
| VanishID | Funding | N/A | $10,000,000 | Dell Technologies Capital | Fraud |
| NetFoundry | Funding | N/A | $12,000,000 | SYN Ventures | Network Security |
| SixMap | Funding | N/A | $7,000,000 | IAG Capital | Threat Intel |
| Corsha | Funding, A | N/A | $18,000,000 | SineWave | Identity |
| Outtake AI | Funding, A | N/A | $16,500,000 | CRV | Detection/Response |
| Netrise | Funding, A | N/A | $10,000,000 | DNX Ventures | Supply Chain |
| Virtue AI | Funding, A | N/A | $30,000,000 | Lightspeed Ventures | AI/LLM |
| Cy4Data Labs | Funding, A | N/A | $10,000,000 | Pelion Venture Partners | Data |
| Exaforce | Funding, A | N/A | $75,000,000 | Khosla Ventures | Automation |
| Miggo Security | Funding, A | N/A | $17,000,000 | SYN Ventures | Detection/Response |
| Manifest | Funding, A | N/A | $15,000,000 | Ensemble | Supply Chain |
| Scamnetic | Funding, A | N/A | $13,000,000 | Roo Capital | Fraud |
| Jericho Security | Funding, A | N/A | $15,000,000 | Era Fund | Training |
| SquareX | Funding, A | N/A | $20,000,000 | SYN Ventures | Browser |
| Symbiotic | Funding, A | N/A | $29,000,000 | Pentera Capital | Crypto |
| Pistachio | Funding, A | N/A | $7,000,000 | Walter Ventures | Training |
| LayerX | Funding, A | N/A | $11,000,000 | Jump Capital | Browser |
| Anecdotes | Funding, B | N/A | $30,000,000 | DTCP | GRC |
| Portnox | Funding, B | N/A | $37,500,000 | Updata Partners | Network Security |
| Sekoia.io | Funding, B | N/A | $28,500,000 | Revaia | XDR |
| Sentra | Funding, B | N/A | $50,000,000 | Key1 Capital | Data |
| Endor | Funding, B | N/A | $93,000,000 | DFJ Growth | AppSec |
| Cynomi | Funding, B | N/A | $37,000,000 | Entrée Capital | Virtual CISO |
| Reco | Funding, B | N/A | $25,000,000 | Zeev Ventures | SaaS Security |
| Push Security | Funding, B | N/A | $30,000,000 | Redpoint Ventures | Identity |
| Tailscale | Funding, C | N/A | $160,000,000 | Accel | Network Security |
| Cyberhaven | Funding, D | N/A | $100,000,000 | StepStone Group | Data |
| Chainguard | Funding, D | N/A | $356,000,000 | Kleiner Perkins | Supply Chain |
| Veza | Funding, D | N/A | $108,000,000 | Accel | Identity |
| ReliaQuest | Growth Funding | N/A | $500,000,000 | EQT Partners | XDR |
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.