June 2023 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 2023 dataset — every named company, round, investor, and segment.
What June told us
June 2023 ran 39 transactions and $620M in disclosed funding — a middle-band month relative to recent activity. The funded side was led by Blackpoint Cyber's $190M growth round in detection and response, the largest of June and the largest MDR-channel round tracked so far in 2023. Cyera's $100M Series B in Data security came second; the round is Cyera's second workbook appearance after a $60M event in March 2022, and a notable scale-up for an emerging data security posture management vendor.
M&A activity returned to volume (eight deals, three disclosed totaling $239M) with no single dominant transaction. Thales acquired Tesserent for $119M in security services — extending the European defense-cyber buyer's growing cyber footprint. Snyk acquired Enso Security for $50M in AppSec, and Socure picked up Berbix for $70M in Identity. The pattern across the three disclosed June deals was tuck-in scale rather than platform consolidation.
Funding-stage distribution skewed toward Series B with seven rounds at that stage — the highest Series B count of any 2023 month. The Series B cluster spanned Data (Cyera), OT/ICS (Shift5), Network Security (IP Fabric), Threat Intel (Cyware), and Identity, suggesting that Series B was the active middle-of-curve stage in mid-2023 as Seed rounds compounded into their first growth events.
Stage and segment breakdown
| Stage | Count |
|---|---|
| Seed | 14 |
| Series A | 6 |
| Series B | 7 |
| Series C | 1 |
| Growth Funding | 1 |
| Acquisition | 8 |
| Top segments | Transactions |
|---|---|
| AppSec | 5 |
| Data | 5 |
| Threat Intel | 3 |
| Ratings | 3 |
| Identity | 3 |
| Security Services | 2 |
Two deals worth your attention
Blackpoint Cyber — $190M growth round in Detection/Response. Blackpoint Cyber raised $190M to extend its managed detection and response platform across the MSP channel. The round was the largest funded event of June and the largest MDR-channel round tracked so far in 2023, confirming that the MSP-targeted MDR layer continued to clear growth capital even in a year when broader detection-vendor funding had stepped down.
Cyera — $100M Series B in Data security. Cyera raised $100M Series B for its data security posture management platform — the second-largest funded round of June. The round is Cyera's second tracked event after a $60M growth round in March 2022, with the segment classification staying inside Data across both events.
Companies we've covered before
Cyera first appeared in March 2022 with a $60M funding event in Data security. The June 2023 $100M Series B is Cyera's second tracked event, same segment classification — a clean two-round arc inside data security posture management.
Shift5 first appeared in October 2021 with a $20M Series A in OT/ICS, returning in February 2022 with a $50M Series B in the same segment. The June 2023 $33M Series B extension is Shift5's third tracked event across two years — a steady same-segment arc inside operational technology security.
Cyware first appeared in August 2020 with a $10M Series A in Threat Intel, returning in March 2021 with a $30M Series B in the same segment. The June 2023 $30M Series C is Cyware's third workbook event and continues the clean single-segment ramp through three rounds.
The other 37 transactions are in the data feed — including the 8 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.