May's cyber security vendor transaction highlights
- 31 total funding and M&A transactions
- $1.1 Billion raised over 25 rounds
- 6 M&A events
Crunching the Numbers
- The $1.1 Billion raised in May 2025 represents a 24% decrease in funding raised when compared to May 2024.
- 25 funding rounds were tracked in May ’25 compared to 33 in May, ’24.
- Early-stage funding (Seed, Series-A) represents 48% of all May 2025 funding rounds recorded.
- Notably, Seed and Series-A have on average represented 60% of all funding rounds since the beginning of 2024.
- Two rounds of funding over $200M were recorded accounting for 62% of all May funding dollars.
- YTD vendors raised $5.4Billion, a 13% increase over the same period in 2024.
May's funding round breakdown
May's funding rounds and mergers & acquisitions
Funding
M&A
Funding
| Vendor | Activity Type | Financials | Lead Investor | Market Segment |
| Minimus | Seed | $51,000,000 | YL Ventures | AppSec |
| Valarian | Seed | $7,000,000 | Scout Ventures | Segmentation |
| Tesseral | Seed | $3,300,000 | Y Combinator | Identity |
| Kovr.ai | Seed | $3,600,000 | IronGate | GRC |
| Pixee | Seed | $15,000,000 | Decibel VC | AppSec |
| Unbound | Seed | $4,000,000 | Race Capital | AI/LLM |
| Cyacomb | Funding | $2,900,000 | Scottish National Bank | Forensics |
| TrustCloud | Funding | $15,000,000 | ServiceNow Ventures | GRC |
| StackHawk | Funding | $12,000,000 | Sapphire Ventures | AppSec |
| Cyera | Funding | $500,000,000 | Georgian | Data |
| Impart Security | Funding | $10,999,000 | CRV | API |
| Horizon3.ai | Funding | $73,000,000 | NEA | PenTesting |
| Naoris | Funding | $3,000,000 | Mason Labs | Crypto |
| Qnu Labs | Funding, A | $7,000,000 | National Quantum Mission | Quantum |
| ClearVector | Funding, A | $13,000,000 | Scale Venture Partners | Identity |
| BreachRX | Funding, A | $15,000,000 | Ballistic Ventures | GRC |
| Theom | Funding, A | $20,000,000 | Wing VC | Data |
| Bright Security | Funding, A | $1,000,000 | TOLOKA | AppSec |
| Clarity Security | Funding, A | $9,000,000 | Silverton Partners | Identity |
| Doppel | Funding, B | $35,000,000 | Bessemer | OSINT |
| Ox Security | Funding, B | $60,000,000 | DTCP | AppSec |
| Acompany | Funding, B | $7,501,031 | Beyond Next Ventures | Data |
| CloudSEK | Funding, B | $19,000,000 | MassMutual Ventures | Threat Intel |
| Cerby | Funding, B | $40,000,000 | DTCP | Identity |
| Persona | Funding, D | $200,000,000 | Founders Fund | Identity |
M&A
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Opus Security | Acquisition | Orca | Undisclosed | Threat Intel |
| Lookout Cloud Security | Acquisition | Fortra | Undisclosed | Cloud |
| Hornetsecurity | Acquisition | Proofpoint | $1,000,000,000 | Security Services |
| Veriti | Acquisition | Check Point | $100,000,000 | Ratings |
| Red Canary | Acquisition | Zscaler | Undisclosed | Detection/Response |
| Apex | Acquisition | Tenable | Undisclosed | GRC |
Research Methodology
About Pinpoint Search Group
Cybersecurity and Space Economy 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.
Contact us to discuss adding talent to your team, or if it’s time to explore new opportunities.