July's cyber security vendor transaction highlights
- 28 total funding and M&A transactions
- $740.5 Million raised over 25 rounds
- 3 M&A events
Crunching the Numbers
- The $740 Million raised in July 2024 represents a 48% increase in funding raised when compared to July 2023.
- 25 funding rounds were tracked in July ’24 compared to 21 in July, ’23.
- Early-stage funding (Seed, Series-A) represents 68% of all July 2024 funding rounds recorded.
- YTD vendors raised $6.4 Billion, a 20% increase over the same period in 2023.
July's funding round breakdown
July's funding rounds and mergers & acquisitions
Funding
M&A
Funding
| Vendor | Activity Type | Financials | Lead Investor | Market Segment |
| GovSky | Seed | $2,500,000 | Peterson Ventures | GRC |
| PureCyber | Seed | $6,400,000 | BGF | Security Services |
| Command Zero | Seed | $21,000,000 | Andreesen Horowitz | Forensics |
| Cytactic | Seed | $16,000,000 | Evolution Equity Partners | Detection/Response |
| Tracebit | Seed | $5,000,000 | Accel | Detection/Response |
| FoxIo | Seed | $2,000,000 | Undisclosed | Network Security |
| Heeler Security | Seed | $8,500,000 | Norwest Venture Partners | AppSec |
| Zest Security | Seed | $5,000,000 | Hanaco Ventures | Vulnerability |
| Clutch | Seed | $8,500,000 | Lightspeed | Identity |
| XBOW | Funding | $20,000,000 | Undisclosed | PenTesting |
| Metabase Q | Funding | $5,100,000 | Undisclosed | MSSP |
| Kindo | Funding, A | $20,600,000 | Drive Capital | GRC |
| Linx | Funding, A | $27,000,000 | Index Ventures | Identity |
| CultureAI | Funding, A | $10,000,000 | Mercia Ventures | Training |
| Protexxa | Funding, A | $7,200,000 | Bell Ventures | Ratings |
| Lakera | Funding, A | $20,000,000 | Atomico | AI/LLM |
| Evo Security | Funding, A | $6,000,000 | TechOperators | Identity |
| ZeroTier | Funding, A | $13,500,000 | Battery Ventures | IoT |
| Lineaje | Funding, A | $20,000,000 | Prosperity7 Ventures | Supply Chain |
| Exein | Funding, B | $16,300,000 | 33N Ventures | IoT |
| Dazz | Funding, B | $50,000,000 | Greylock Partners | AppSec |
| Vanta Security | Funding, C | $150,000,000 | Sequoia | GRC |
| Chainguard | Funding, C | $140,000,000 | Redpoint Ventures | Supply Chain |
| Cowbell Cyber | Funding, C | $60,000,000 | Zurich Insurance Group | Cyber Insurance |
| Pindrop | Debt Funding | $100,000,000 | Hercules Capital | Fraud |
M&A
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Noetic | Acquisition | Rapid7 | Undisclosed | Vulnerability |
| Code42 | Acquisition | Mimecast | Undisclosed | Data |
| SydeLabs | Acquisition | Protect AI | Undisclosed | AI/LLM |
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.
