December's cyber security vendor transaction highlights
- 20 total funding and M&A transactions
- $302 Million raised over 14 rounds
- 6 M&A events
Crunching the Numbers
- The $302 Million raised in December 2024 represents a 22% decrease in funding raised when compared to December 2023.
- 14 funding rounds were tracked in December ’24 compared to 24 in December, ’23.
- Early-stage funding (Seed, Series-A) represents 57% of all December 2024 funding rounds recorded.
- Vendors raised a total of $9.5 Billion in 2024, a 9% increase over total amount raised in 2023.
- A 12% decrease in YoY funding volume was noted with 304 funding rounds tracked in 2024 versus 346 in 2023.
December's funding round breakdown

December's funding rounds and mergers & acquisitions
Funding
M&A
Funding
Vendor | Activity Type | Financials | Lead Investor | Market Segment |
System Two Security | Seed | $7,000,000 | Costanoa Ventures | Detection/Response |
CAT Labs | Seed | $5,400,000 | M13 | Crypto |
NetBird | Seed | $4,230,000 | InReach Ventures | VPN |
Wald.ai | Seed | $4,000,000 | Inventus Capital | AI/LLM |
Senteon | Seed | $2,000,000 | Gula Tech Adventures | Security Services |
Cloud Range | Seed | $6,200,000 | Undisclosed | Training |
Tuskira | Funding, A | $28,500,000 | Intel Capital | Orchestration |
Silent Push | Funding, A | $10,000,000 | Ten Eleven Ventures | Threat Intel |
Ethyca | Funding, B | $10,000,000 | Aspenwood Ventures | GRC |
Astrix Security | Funding, B | $45,000,000 | Menlo Ventures | Vulnerability |
Sublime Security | Funding, B | $60,000,000 | IVP | |
Flare | Funding, B | $30,000,000 | Base 10 Partners | OSINT |
Bureau | Funding, B | $30,000,000 | Sorenson Capital | Identity |
Axiado | Funding, C | $60,000,000 | Maverick Silicon | Firmware Security |
M&A
Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
Perception Point | Acquisition | Fortinet | $100,000,000 | |
deviceTRUST | Acquisition | Citrix | Undisclosed | Identity |
Strong Network | Acquisition | Citrix | Undisclosed | AppSec |
Cylance | Acquisition | Arctic Wolf | $160,000,000 | Endpoint |
SnapAttack | Acquisition | Cisco | Undisclosed | Threat Intel |
Fend | Acquisition | OPSWAT | Undisclosed | Data |
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.