Q4 Cyber Security Vendor Transaction Highlights
- 89 total funding and M&A transactions
- $2.9 Billion raised over 70 rounds
- 19 total M&A events
Q4 Security Vendor Funding
Q4 Funding Round Count
Annual Funding Comparison
December 2022
November 2022
October 2022
December 2022
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Prevasio | Acquisition | AlgoSec | Undisclosed | SaaS Security |
| Illusive | Acquisition | Proofpoint | Undisclosed | Deception |
| Crashtest Security | Acquisition | Veracode | Undisclosed | Web Application Security |
| CCSI | Acquisition | Sourcepass | Undisclosed | MSSP |
| Remediant | Acquisition | Netwrix | Undisclosed | Identity |
| Tiberium | Acquisition | Open Systems | Undisclosed | MSSP |
| Axiom | Seed | N/A | $7,000,000 | Identity |
| Rezonate | Seed | N/A | $8,700,000 | Identity |
| Protopia | Seed | N/A | $6,000,000 | Data |
| Balance Theory | Seed | N/A | $3,000,000 | Data |
| Interpres | Seed | N/A | $8,500,000 | Ratings |
| FireTail | Seed | N/A | $5,000,000 | API |
| Protect AI | Seed | N/A | $13,500,000 | AppSec |
| Senhasegura | Funding, A | N/A | $13,000,000 | Identity |
| Vaultree | Funding, A | N/A | $12,800,000 | Data |
| Cinder | Funding, A | N/A | $14,000,000 | OSINT |
| Shield | Funding, B | N/A | $20,000,000 | GRC |
| Trilio | Funding, B | N/A | $17,000,000 | Data |
| Aztec Network | Funding, B | N/A | $100,000,000 | Crypto |
| VMRay | Funding, B | N/A | $34,000,000 | Detection/Response |
| Pangea Cyber | Funding, B | N/A | $26,000,000 | API |
| HYPR | Funding, C | N/A | $25,000,000 | Identity |
| Drata | Funding, C | N/A | $200,000,000 | GRC |
| CyberCube | Funding, C | N/A | $50,000,000 | Cyber Insurance |
| Snyk | Funding, G | N/A | $196,500,000 | AppSec |
November 2022
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Avery Design Systems | Acquisition | Siemens | Undisclosed | Identity |
| clean.io | Acquisition | HUMAN | Undisclosed | Fraud |
| Passage | Acquisition | 1Password | Undisclosed | Identity |
| Third Wall | Acquisition | ThreatLocker | Undisclosed | Detection/Response |
| Cider Security | Acquisition | Palo Alto Networks | $195,000,000 | AppSec |
| Boxcryptor | Acquisition | Dropbox | Undisclosed | Data |
| Sensato Cybersecurity | Acquisition | CloudWave | Undisclosed | Security Services |
| Akto | Seed | N/A | $4,500,000 | DevSecOps |
| Darwinium | Seed | N/A | $10,000,000 | Threat Intel |
| Elusiv | Seed | N/A | $3,500,000 | GRC |
| Veriti | Seed | N/A | $18,500,000 | Ratings |
| BoostSecurity | Seed | N/A | $12,000,000 | DevSecOps |
| Alethea | Funding, A | N/A | $10,000,000 | OSINT |
| Binary Defense Systems | Funding, A | N/A | $36,000,000 | Detection/Response |
| Wib | Funding, A | N/A | $16,000,000 | API |
| ArmorCode | Funding, A | N/A | $14,000,000 | AppSec |
| Apiiro | Funding, B | N/A | $100,000,000 | AppSec |
| MedCrypt | Funding, B | N/A | $25,000,000 | IoT |
| Bishop Fox | Funding, B | N/A | $46,000,000 | Vulnerability |
| Akeyless | Funding, B | N/A | $65,000,000 | Data |
| Buildkite | Funding, B | N/A | $21,000,000 | AppSec |
| SPHERE | Funding, B | N/A | $31,000,000 | Identity |
| Laika | Funding, C | N/A | $50,000,000 | GRC |
October 2022
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| KnowBe4 | Acquisition | Vista Equity Partners | $4,600,000,000 | Training |
| CSIS Security Group | Acquisition | Allurity | Undisclosed | Detection/Response |
| ForgeRock | Acquisition | Thoma Bravo | $2,300,000,000 | Identity |
| Hardenize | Acquisition | Red Sift | Undisclosed | Vulnerability |
| Mobliciti | Acquisition | Kocho | Undisclosed | Threat Intel |
| Yagaan | Acquisition | Pradeo | Undisclosed | AppSec |
| OutThink | Seed | N/A | $10,000,000 | Training |
| Protexxa | Seed | N/A | $2,900,000 | Training |
| Arnica | Seed | N/A | $7,000,000 | AppSec |
| IronVest | Seed | N/A | $23,000,000 | Identity |
| LayerX | Seed | N/A | $7,500,000 | Browser |
| Perygee | Seed | N/A | $4,750,000 | IoT |
| SGNL.ai | Seed | N/A | $12,000,000 | Identity |
| Tidal Cyber | Seed | N/A | $4,000,000 | Threat Intel |
| Bolster | Funding, A | N/A | $15,000,000 | Fraud |
| CrowdSec | Funding, A | N/A | $14,000,000 | Detection/Response |
| Elpha | Funding, A | N/A | $20,000,000 | Cyber Insurance |
| Endor Labs | Funding, A | N/A | $25,000,000 | AppSec |
| Field Effect | Funding, A | N/A | $30,000,000 | Detection/Response |
| Oort | Funding, A | N/A | $11,500,000 | Identity |
| Quannect | Funding, A | N/A | $8,000,000 | Quantum |
| Spyderbat | Funding, A | N/A | $10,000,000 | Container |
| Valence | Funding, A | N/A | $25,000,000 | SaaS Security |
| Eclypsium | Funding, B | N/A | $25,000,000 | Firmware Security |
| Irius Risk | Funding, B | N/A | $29,000,000 | AppSec |
| SecuriThings | Funding, B | N/A | $21,000,000 | IoT |
| Sepio | Funding, B | N/A | $22,000,000 | Vulnerability |
| Stairwell | Funding, B | N/A | $45,000,000 | Threat Intel |
| Tines | Funding, B | N/A | $55,000,000 | Automation |
| Vanta Security | Funding, B | N/A | $40,000,000 | GRC |
| DataGrail | Funding, C | N/A | $45,000,000 | Data |
| PreVail | Funding, C | N/A | $20,000,000 | |
| Securiti | Funding, C | N/A | $75,000,000 | Data |
| Immersive Labs | Growth Funding | N/A | $66,000,000 | Training |
| NetSPI | Growth Funding | N/A | $410,000,000 | Training |
| Anonos | Growth Funding | N/A | $50,000,000 | GRC |
| Corsa Security | Growth Funding | N/A | $10,000,000 | Network Security |
| Cyolo | Growth Funding | N/A | Undisclosed | Zero Trust |
| Arctic Wolf | Debt Funding | N/A | $401,000,000 | MSSP |
| RealDefense | Debt Funding | N/A | $30,000,000 | MSSP |
| Versa | Debt Funding | N/A | $120,000,000 | Network Security |
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.
