January 2022 Cyber Funding & M&A Brief
Published by Pinpoint Search Group — the cybersecurity executive search firm that tracks every disclosed vendor funding round and acquisition in the sector.
At a glance
Get the full January 2022 dataset — every named company, round, investor, and segment.
What January told us
January 2022 opened the year with a strategic platform move into security orchestration. Google's $500M acquisition of Siemplify led the month's M&A column and signaled Google Cloud's intent to build a cyber-operations stack around SOAR primitives. Twelve acquisitions cleared overall; ten ran without disclosed values, a ratio consistent with the workbook's long-running pattern of mass-undisclosed M&A.
Funding activity ran heavy at the late stage. 1Password's $620M Series C in Identity was the largest funded round of the month and one of the larger Identity rounds the workbook had tracked, returning the company to the data set roughly six months after a $100M Series B in July 2021. Pentera at $150M Series C in Detection/Response, Veriff at $100M Series C in Identity, Human Security at $100M growth funding in Bot, and iProov at $70M in Identity rounded out the funded headline cohort. Eleven of the 24 funding rounds cleared at Seed or Series A, a distribution in line with the workbook's broader early-stage baseline.
Segment density tilted toward Identity with seven transactions, driven by 1Password, Veriff, iProov, and four smaller events. The mix suggests Identity was running as one of the year's most active funded categories at the start of 2022.
Stage and segment breakdown
| Stage | Count |
|---|---|
| Seed | 5 |
| Series A | 6 |
| Series B | 5 |
| Series C | 5 |
| Series D+ | 1 |
| Growth Funding | 1 |
| Acquisition | 12 |
| Top segments | Transactions |
|---|---|
| AppSec | 5 |
| Identity | 4 |
| Detection/Response | 4 |
| Data | 4 |
| Zero Trust | 2 |
| Orchestration | 2 |
Two deals worth your attention
Google's $500M acquisition of Siemplify. Google agreed to acquire Siemplify at $500M, the largest disclosed M&A event of January and a clear strategic statement that Google Cloud intended to compete in security operations. The deal pulled an Israeli SOAR platform into Chronicle's broader security stack and is the workbook's earliest example of a hyperscaler making a meaningful pure-cyber acquisition at scale.
1Password — $620M Series C in Identity. 1Password raised $620M Series C, the largest funded round of January and one of the larger Identity rounds the workbook has tracked. The round followed a $100M Series B in July 2021 by roughly six months, a compressed B-to-C cadence, and continued the consumer-and-enterprise password manager category's run of nine-figure rounds inside Identity.
Companies we've covered before
1Password first appeared in July 2021 with a $100M Series B in Identity. The January 2022 $620M Series C is 1Password's second tracked event, same segment classification, and a 6x step-up in round size against the prior round — one of the steeper B-to-C scale-ups inside Identity the workbook tracks.
The other 34 transactions are in the data feed — including the 12 acquisitions whose values never hit the press. Get January's details and more →
Methodology
Every transaction in this brief was sourced from a primary public report and dedupe-checked against the master Pinpoint funding workbook, which now contains ~2,600 transactions back to May 2020. Funding totals reflect disclosed capital only; acquisition values are included where publicly available.
Each deal is classified against Pinpoint's normalized cybersecurity segment taxonomy — read directly off what the company says they protect and mapped to one of the canonical segments. The taxonomy has been maintained continuously since 2020 and currently covers roughly 55 segments. Identity, Data, Detection / Response, and Threat Intel have been tracked from the first month of the series; AppSec and GRC entered the following month; emergent categories (AI/LLM, Supply Chain, Quantum, Browser) are added when they first appear in vendor positioning. That normalization layer is what makes multi-year, cross-segment comparisons possible against an otherwise inconsistent vocabulary in the broader market.
About Pinpoint Search Group
Cybersecurity innovators work with Pinpoint Search Group to identify, attract, and land professionals that enable maturation, scale, and successful outcomes. As start-ups continue raising millions in funding and established vendors make acquisitions to round out their offerings, Pinpoint Search Group is keeping track.
Get the underlying data
The narrative above is the free version. The paid Pinpoint Cyber Funding Data feed gives you every named transaction, every disclosed investor, every segment classification — exportable, filterable, and updated as the deals close.