June 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 June 2022 dataset — every named company, round, investor, and segment.
What June told us
June 2022 ran 42 transactions and $921.5M in disclosed funding — the first month of 2022 to land below $1B in disclosed funding and a middle-band reading after May's broad funded strength. Three rounds cleared at exactly $100M across three distinct segments: Perimeter 81 at $100M Series C in SASE, Immuta at $100M Series D+ in Data, and Devo at $100M Series D+ in Analytics. JupiterOne at $70M Series C in Vulnerability and AppOmni at $70M Series C in SaaS Security rounded out the funded headline cohort.
M&A column was active on volume — 13 acquisitions cleared — but light on disclosed value. ReliaQuest's $160M acquisition of Digital Shadows in Threat Intel was the largest disclosed deal, a strategic MDR-buyer move on a digital-risk-monitoring specialist. Twelve of the 13 acquisitions cleared without disclosed values, consistent with the workbook's broader undisclosed-M&A baseline.
Recurring-vendor density was high. Immuta returned for its third workbook event after rounds in June 2020 and May 2021, Devo for its third after September 2020 and October 2021, JupiterOne for its third after September 2020 and May 2021, and Perimeter 81 for its second after August 2020. All four returning vendors held their original segment classifications across every round — one of the cleaner same-segment compounding patterns the workbook tracks across a single month.
Stage and segment breakdown
| Stage | Count |
|---|---|
| Seed | 6 |
| Series A | 10 |
| Series B | 4 |
| Series C | 6 |
| Series D+ | 2 |
| Acquisition | 13 |
| Top segments | Transactions |
|---|---|
| Identity | 7 |
| Data | 6 |
| Vulnerability | 4 |
| Threat Intel | 4 |
| Zero Trust | 3 |
| IoT | 2 |
Two deals worth your attention
ReliaQuest's $160M acquisition of Digital Shadows. ReliaQuest acquired Digital Shadows at $160M, the largest disclosed M&A event of June. The deal extended ReliaQuest's MDR platform into digital risk protection and threat intelligence — a category extension consistent with the year's broader strategic-buyer pattern of platform vendors absorbing adjacent specialist capabilities.
Perimeter 81 — $100M Series C in SASE. Perimeter 81 raised $100M Series C for its network-as-a-service platform, one of three rounds clearing exactly $100M in June (alongside Immuta in Data and Devo in Analytics). The round was Perimeter 81's second workbook event after a $40M Series B in August 2020 — same-segment, 22 months apart, with a clean SASE-funded trajectory across two years.
Companies we've covered before
Immuta first appeared in June 2020 with a $40M Series C in Data, returning in May 2021 with a $90M Series D+ in the same segment. The June 2022 $100M Series D+ is Immuta's third tracked event — same segment classification across all three rounds — and continues a clean Data-segment ramp inside data access governance.
Devo first appeared in September 2020 with a $60M Series D+ in Analytics, returning in October 2021 with a $250M Series D+ in the same segment. The June 2022 $100M Series D+ is Devo's third tracked event — same segment across all three — and a step-down from the 2021 round consistent with the broader 2022 mid-year compression.
JupiterOne first appeared in September 2020 with a $19M Series A in Vulnerability, returning in May 2021 with a $30M Series B in the same segment. The June 2022 $70M Series C is JupiterOne's third tracked event — same segment across all three — and one of the steadier vulnerability-management funding trajectories in the workbook.
AppOmni first appeared in April 2021 with a $40M Series B in SaaS Security. The June 2022 $70M Series C is AppOmni's second tracked event, same segment classification, and a clean B-to-C step-up inside SaaS security.
The other 40 transactions are in the data feed — including the 13 acquisitions whose values never hit the press. Get June'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.