September's cyber security vendor transaction highlights
- 37 total funding and M&A transactions
- $512 Million raised over 34 rounds
- 3 M&A events
Crunching the Numbers
- The $512 Million raised in September 2024 represents a 41% decrease in funding raised when compared to September 2023.
- 34 funding rounds were tracked in September ’24 compared to 28 in August, ’23.
- Early-stage funding (Seed, Series-A) represents 65% of all September 2024 funding rounds recorded.
- YTD vendors raised $7.8 Billion, a 10% increase over the same period in 2023.
September's funding round breakdown
September's funding rounds and mergers & acquisitions
Funding
M&A
Funding
| Vendor | Activity Type | Financials | Lead Investor | Market Segment |
| Acuvity | Seed | $9,000,000 | Foundation Capital | AI/LLM |
| Realm.Security | Seed | $5,000,000 | Accomplice | Data |
| AppCD | Seed | $12,300,000 | Thomvest Ventures | AppSec |
| SplxAI | Seed | $2,000,000 | Inovo.vc | Vulnerability |
| Osavul | Seed | $3,000,000 | 42CAP | OSINT |
| Element Security | Seed | $5,000,000 | Q Fund VC | Vulnerability |
| Arcjet | Seed | $3,600,000 | Andreesen Horowitz | AppSec |
| Hydden | Seed | $4,400,000 | Access Venture Partners | Identity |
| c/side | Seed | $6,000,000 | Uncork Capital | Browser |
| Edera | Seed | $5,000,000 | 645 Ventures | Container |
| Loom Security | Seed | $1,800,000 | Undisclosed | MSSP |
| Hypernative | Funding, A | $16,000,000 | Quantstamp | Crypto |
| P0 Security | Funding, A | $15,000,000 | SYN | Identity |
| Aembit | Funding, A | $25,000,000 | Acrew Capital | Identity |
| Datricks | Funding, A | $15,000,000 | Team8 | GRC |
| Operant | Funding, A | $10,000,000 | SineWave | AppSec |
| Patrowl | Funding, A | $12,157,000 | Auriga Cyber Ventures | PenTesting |
| Metabase Q | Funding, A | $11,000,000 | SYN Ventures | Orchestration |
| Tamnoon | Funding, A | $12,000,000 | Bright Pixel | Detection/Response |
| Blackpanda | Funding, A | $6,700,000 | Singtel | Forensics |
| DefectDojo | Funding, A | $7,000,000 | Iolar Ventures | AppSec |
| Apono | Funding, A | $15,500,000 | New Era Capital Partners | Identity |
| RunSafe Security | Funding, B | $12,000,000 | Critical Ventures | AppSec |
| BlackCloak | Funding, B | $17,000,000 | Baird Capital | Threat Intel |
| Strider | Funding, C | $55,000,000 | Pelion Venture Partners | Threat Intel |
| Intezer | Funding, C | $33,000,000 | Norwest Venture Partners | Detection/Response |
| Torq | Funding, C | $70,000,000 | Evolution Equity Partners | Automation |
| American Binary | Funding | $1,000,000 | HEST Investments | Data |
| FifthWall | Funding | $3,200,000 | Undisclosed | Cyber Insurance |
| EasyDMARC | Funding | $20,000,000 | Radian Capital | |
| Dotfile | Funding | $6,700,000 | Seaya Ventures | GRC |
| Enginsight | Funding | $6,700,000 | UVC Partners | Security Services |
| Zafran | Growth Funding | $40,000,000 | Sequoia | Vulnerability |
| Picus Security | Growth Funding | $45,000,000 | Riverwood Capital | Training |
M&A
| Vendor | Activity Type | Acquiring Company | Financials | Market Segment |
| Syxsense | Acquisition | Absolute Security | Undisclosed | Vulnerability |
| PureID | Acquisition | ColorTokens | Undisclosed | Identity |
| Recorded Future | Acquisition | Mastercard | $2,650,000,000 | Threat Intel |
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.
