Dark Reading compiled data from Gartner analysis and Microsoft reports for a Post-COVID-19 security spending update. The data points, along with another month of robust cyber security vendor activity, are positive indicators for our industry. Here’s a look at the highlights from Dark Reading’s update:
- 2020 security spending will grow by 2.4% while IT spending is expected to decline by 8% (Gartner)
- 1:4 companies surveyed by Microsoft report a 25% increase in security spending
- Gartner estimates cloud security spend to increase 33%, followed by data security (7.2%) and application security (6.2%)
- The percentage of overall revenue a company spends on security is expected to increase from 0.34% (2019) to 0.48% in 2020.
As for vendor transactions, cyber security start-ups received $500.5M in funding, 9 companies were acquired, and one IPO was filed in September.
September’s 26 cyber security funding rounds, mergers & acquisitions and IPO
| Vendor | Market Segment | Activity Type | Acquiring Co. | Financials |
| Firemon | Network Security | Debt Financing | $40M | |
| InfoSum | Data Security | Funding, A-round | $15.1M | |
| Cloudentity | Cloud App Security | Funding, A-round | $13M | |
| Anvilogic | SOC Content Platform | Seed | $4.4M | |
| Dark Cubed | SaaS Security Platform | Funding, A-round | Undisclosed | |
| InCountry | Compliance | Funding, A-round | $18M | |
| Delve Labs | Vulnerability Management | Acquisition | Secureworks | Undisclosed |
| Snyk | DevSecOps | Funding, D-round | $200M | |
| Pcysys | Automated Pentesting | Funding, B-round | $25M | |
| Stackrox | Container Security | Funding, C-round | $26.5M | |
| iHackLabs | Security Training | Acquisition | Telefonica | Undisclosed |
| Nehemiah Security | Risk Quantification | Acquisition | ThreatConnect | Undisclosed |
| Sternum | IoT Security | Funding, A-round | $6.5M | |
| Devo | Security Analytics | Funding, D-round | $60M | |
| Medigate | Medical Device Security | Funding, B-round | $30M | |
| JupiterOne | Cloud Data Centralization | Funding, A-round | $19M | |
| Preempt Security | Zero Trust | Acquisition | Crowdstrike | $96M |
| DeepCode | Code Analysis | Acquisition | Snyk | Undisclosed |
| Odo Security | Zero Trust | Acquisition | Check Point | Undisclosed |
| Hysolate | Endpoint | Funding, C-round | $10M | |
| McAfee | Endpoint | IPO | $100M | |
| Axis Security | Secure Application Access | Funding, B-round | $32M | |
| MobileIron | Endpoint/MDM | Acquisition | Ivanti | $872M |
| Pulse Secure | Secure Application Access | Acquisition | Ivanti | Undisclosed |
| Awake Security | Network Detection/Response | Acquisition | Arista Networks | Undisclosed |
| Deep Surface Security | Vulnerability Management | Seed | $1M |
Sources of data: SecurityWeek | Crunchbase News | Venture Beat | TechCrunch | Dark Reading | FINSMES | Help Net Security | cybersecurity-insiders | CRN | SDxCentral | Israel Defense
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.