November 2024 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 November 2024 dataset — every named company, round, investor, and segment.
What November told us
November 2024 carried 30 transactions and $722M in disclosed funding, but the M&A column is what makes the month distinct. Four acquisitions cleared with disclosed values totaling $1.13B — Wiz's $450M acquisition of Dazz, CrowdStrike's $300M acquisition of Adaptive Shield, N-able's $266M acquisition of Adlumin, and BitSight's $115M acquisition of Cybersixgill. The pattern across all four is consistent: large strategic platforms paying nine-figure prices for category-specialist tuck-ins, with most of the deals landing inside categories the buyers had previously been weak.
Wiz's $450M Dazz acquisition is the clearest signal that the strategic playbook from the May $1B funding round was now being executed. Dazz had raised a $50M Series A in 2021 and a $50M Series B in July 2024 — four months before exiting to Wiz at $450M. The Seed-to-strategic compression that defined March 2024 (Gem Security) and April 2024 (Silk Security) is now running at Series B-to-strategic speed.
On the funding side, Cyera makes its third appearance of 2024, raising a $300M Series E at a $3B valuation only eight months after the March $300M growth round. The compounding pattern — two $300M rounds in eight months, plus a $162M acquisition in October — makes Cyera the most active single-vendor footprint in the workbook for 2024.
Stage and segment breakdown
| Stage | Count |
|---|---|
| Seed | 9 |
| Series A | 5 |
| Series B | 2 |
| Series C | 1 |
| Series D+ | 2 |
| Growth Funding | 1 |
| Merger | 1 |
| Acquisition | 7 |
| Top segments | Transactions |
|---|---|
| AppSec | 5 |
| GRC | 4 |
| Identity | 3 |
| AI/LLM | 3 |
| Security Services | 2 |
| Detection/Response | 2 |
Two deals worth your attention
Wiz's $450M acquisition of Dazz. Wiz acquired Dazz's application security risk-management platform at $450M, four months after Dazz's $50M Series B. The deal is the second Wiz acquisition of 2024 (Gem Security in March was the first) and confirmed that the May $1B funding round was being deployed against a deliberate platform-extension strategy in cloud and AppSec.
Cyera — $300M Series E led by Sapphire Ventures. Cyera raised a second $300M round of 2024 at a $3B valuation, eight months after the March growth round. The cadence — two $300M rounds and a $162M acquisition inside a single calendar year — is unique in the workbook for 2024 and made Cyera the year's most financially active data-security vendor.
Companies we've covered before
Cyera first appeared in March 2022 with a $60M funding event in Data, returning in June 2023 ($100M Series B) and March 2024 ($300M growth, reclassified to AI/LLM). The November 2024 $300M Series E is Cyera's fourth round in the workbook and its second $300M round inside the same calendar year.
Dazz first appeared in December 2021 with a $50M Series A in AppSec, returning in July 2024 with a $50M Series B in the same segment. The November 2024 exit to Wiz at $450M is the fastest Series B-to-strategic arc the workbook has tracked — four months from round to acquisition.
Halcyon first appeared in April 2023 with a $50M Series A in Detection/Response, returning in December 2023 with a $40M Series B in the same segment. The November 2024 $100M Series C continues the steady ramp inside ransomware-defense detection without any segment drift.
The other 28 transactions are in the data feed — including the 7 acquisitions whose values never hit the press. Get November'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.