Cyber Security Funding M&A Infosec startups September 2020

$500M in Funding, 9 Acquisitions, 1 IPO for Security Vendors

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.

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