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- Valuations
Investments (#)
Investments (USD)
Transactions
Recent transactions in the sector
| Company | Country | Funding round | Date | |
|---|---|---|---|---|
|
Flare Systems Inc Cybersecurity solutions with a SaaS platform for digital risk protection, dark web monitoring, and threat intelligence. |
Canada | Series B USD 30,000,000 (USD 30,000,000) |
11 Dec 2024 |
|
Upwind Security Inc Cloud security platform which combines posture management with runtime context for accurate prioritisation and rapid response to critical risks. |
United States | Series A USD 100,000,000 (USD 100,000,000) |
2 Dec 2024 |
|
Embed Security Inc Agentic security platform. |
United States | N/A USD 6,000,000 (USD 6,000,000) |
7 Nov 2024 |
|
Armis Inc Eenterprise IoT security company. |
Series D USD 200,000,000 (USD 200,000,000) at USD 4,200,000,000 (USD 4,200,000,000) valuation. |
28 Oct 2024 | |
|
Socket Inc Cybersecurity company focused on software supply chain attacks. |
United States | Series B USD 40,000,000 (USD 40,000,000) |
22 Oct 2024 |
|
Picus Security Inc Cybersecurity company. |
United States | Series C USD 45,000,000 (USD 45,000,000) |
19 Sep 2024 |
|
Endor Labs Inc Software supply chain security company. |
United States | N/A |
15 Jul 2024 |
|
Step Security Inc Provider of technology for protecting CI/CD pipelines and infrastructure. |
United States | Seed USD 3,000,000 (USD 3,000,000) |
1 May 2024 |
|
Aikido Security BV Developer-facing security platform. |
Belgium | Series A USD 17,000,000 (USD 17,000,000) |
1 May 2024 |
|
Safebase Inc Platform for cybersecurity audits. |
United States | Series B USD 33,000,000 (USD 33,000,000) |
26 Apr 2024 |
|
Darktrace PLC Provider of "enterprise immune system technology solutions". |
United Kingdom | Acquisition USD 5,300,000,000 (USD 5,300,000,000) at USD 5,300,000,000 (USD 5,300,000,000) valuation. |
26 Apr 2024 |
|
NordSec BV Provider of digital security and privacy solutions, offering a range of products including VPNs, network access security, and encrypted file storage. |
Netherlands | N/A USD 100,000,000 (USD 100,000,000) at USD 3,000,000,000 (USD 3,000,000,000) valuation. |
Sep 2023 |
|
|
Endor Labs Inc Software supply chain security company. |
United States | Series A USD 70,000,000 (USD 70,000,000) |
2023 |
|
Phylum Inc Software supply chain security provider. |
United States | Series A USD 15,000,000 (USD 15,000,000) |
3 May 2022 |
|
|
NordSec BV Provider of digital security and privacy solutions, offering a range of products including VPNs, network access security, and encrypted file storage. |
Netherlands | Series A USD 100,000,000 (USD 100,000,000) at USD 1,600,000,000 (USD 1,600,000,000) valuation. |
Apr 2022 |
|
Mandiant Corp |
United States | Acquisition USD 5,400,000,000 (USD 5,400,000,000) at USD 5,400,000,000 (USD 5,400,000,000) valuation. |
8 Mar 2022 |
|
|
Picus Security Inc Cybersecurity company. |
United States | N/A |
2022 |
|
|
Armis Inc Eenterprise IoT security company. |
Private Equity USD 300,000,000 (USD 300,000,000) at USD 3,400,000,000 (USD 3,400,000,000) valuation. |
29 Nov 2021 | |
|
Losless DeFi hack mitigation tool for token creators. |
Private Round USD 2,200,000 (USD 2,200,000) |
25 May 2021 | |
|
PlexTrac Cybersecurity workflow platform. |
Series A USD 10,000,000 |
15 Apr 2021 | |
|
Cado Security Digital forensics platform. |
United Kingdom | Series A USD 10,000,000 (USD 10,000,000) |
15 Apr 2021 |
|
SardineAI Corp Digital transaction fraud detection company. |
United States | Seed USD 4,600,000 (USD 4,600,000) |
24 Mar 2021 |
|
|
Cado Security Digital forensics platform. |
United Kingdom | Seed USD 1,500,000 (USD 1,500,000) |
5 Nov 2020 |
|
Very Good Security |
United States | Venture |
15 Jan 2020 |
|
GitGuardian |
France | Series A USD 12,000,000 (USD 12,000,000) |
4 Dec 2019 |
|
|
Very Good Security |
United States | Series B USD 35,000,000 (USD 35,000,000) |
1 Oct 2019 |
|
|
Armis Inc Eenterprise IoT security company. |
Series C USD 65,000,000 (USD 65,000,000) |
11 Apr 2019 | |
|
|
PlexTrac Cybersecurity workflow platform. |
Seed USD 1,000,000 |
1 Apr 2019 | |
|
Zeguro Virtual cybersecurity platform which identifies risks and mitigates them with technology, training and process. |
United States | Seed USD 5,000,000 (USD 5,000,000) |
5 Nov 2018 |
|
|
Darktrace PLC Provider of "enterprise immune system technology solutions". |
United Kingdom | N/A USD 50,000,000 (USD 50,000,000) at USD 1,650,000,000 (USD 1,650,000,000) valuation. |
27 Sep 2018 |
|
|
GitGuardian |
France | Other |
1 Jul 2018 |
|
BigID Inc Israeli company focused on enterprise data protection and privacy for personal data. |
United States | N/A USD 300,000,000 (USD 30,000,000) |
25 Jun 2018 |
|
|
Armis Inc Eenterprise IoT security company. |
Series B USD 30,000,000 (USD 30,000,000) |
9 Apr 2018 | |
|
CounterCraft SL |
Spain | Seed EUR 2,000,000 |
21 Mar 2018 |
|
|
BigID Inc Israeli company focused on enterprise data protection and privacy for personal data. |
United States | Series A USD 14,000,000 (USD 14,000,000) |
29 Jan 2018 |
|
|
CounterCraft SL |
Spain | Other |
28 Jan 2018 |
|
Enveil Inc Data security company. |
United States | Venture USD 4,000,000 (USD 4,000,000) |
9 Nov 2017 |
|
|
Armis Inc Eenterprise IoT security company. |
Series A USD 17,000,000 (USD 17,000,000) |
6 Jun 2017 | |
|
802 Secure Inc Next-generation, wireless network security solutions and services. |
United States | Venture USD 6,000,000 (USD 6,000,000) |
26 Apr 2017 |
|
|
CounterCraft SL |
Spain | Grant EUR 1,100,000 |
13 Mar 2017 |
|
|
CounterCraft SL |
Spain | Grant EUR 5,000 |
11 Jan 2017 |
|
Shape Security Inc Provider of security technology for web and mobile applications. |
United States | Series D USD 40,000,000 (USD 40,000,000) |
29 Sep 2016 |
|
LogRhythm Inc Provider of next-generation security information management (SIEM) solutions |
United States | Debt USD 10,000,000 (USD 10,000,000) |
30 Aug 2016 |
|
|
LogRhythm Inc Provider of next-generation security information management (SIEM) solutions |
United States | Venture USD 40,000,000 (USD 40,000,000) |
30 Aug 2016 |
|
|
CounterCraft SL |
Spain | Seed EUR 1,000,000 |
20 Jul 2016 |
|
Encription Ltd Cybersecurity consultancy. |
United Kingdom | Acquisition |
26 Feb 2016 |
|
|
Darktrace PLC Provider of "enterprise immune system technology solutions". |
United Kingdom | N/A USD 22,500,000 (USD 22,500,000) |
22 Jul 2015 |
|
|
Darktrace PLC Provider of "enterprise immune system technology solutions". |
United Kingdom | Seed USD 18,000,000 (USD 18,000,000) at USD 80,000,000 (USD 80,000,000) valuation. |
18 Mar 2015 |
|
|
Armis Inc Eenterprise IoT security company. |
Seed |
1 Jan 2015 | |
|
|
LogRhythm Inc Provider of next-generation security information management (SIEM) solutions |
United States | Series E USD 40,000,000 (USD 40,000,000) |
22 Jul 2014 |
Companies
Best funded companies in the sector
Provider of "enterprise immune system technology solutions".
Investment themes:
Eenterprise IoT security company.
Investment themes:
Full-stack visibility into an organisation's cloud infrastructure footprint.
Investment themes:
Cloud security platform which combines posture management with runtime context for accurate prioritisation and rapid response to critical risks.
Investment themes:
Provider of digital security and privacy solutions, offering a range of products including VPNs, network access security, and encrypted file storage.
Investment themes:
Software supply chain security company.
Investment themes:
Provider of next-generation security information management (SIEM) solutions
Investment themes:
Cybersecurity company focused on software supply chain attacks.
Investment themes:
Israeli company focused on enterprise data protection and privacy for personal data.
Investment themes:
Software supply chain security provider.
Investment themes:
Platform for cybersecurity audits.
Investment themes:
Cybersecurity solutions with a SaaS platform for digital risk protection, dark web monitoring, and threat intelligence.
Investment themes:
Digital forensics platform.
Investment themes:
Developer-facing security platform.
Investment themes:
Provider of security technology for web and mobile applications.
Investment themes:
Managed service software company.
Investment themes:
Next-generation, wireless network security solutions and services.
Investment themes:
Digital transaction fraud detection company.
Investment themes:
Provider of technology for protecting CI/CD pipelines and infrastructure.
Investment themes:
Virtual cybersecurity platform which identifies risks and mitigates them with technology, training and process.
Investment themes:
DeFi hack mitigation tool for token creators.
Investment themes:
Nettoken helps you understand your digital presence by visualising all the accounts you have signed up to, in one place.
Investment themes:
Cybersecurity workflow platform.
Investment themes:
Open source cloud native SIEM (alternative to Splunk/Elastic)
Investment themes:
AuthenTec is a leading provider of mobile and network security.
Investment themes:
Developer of solutions to fight bot armies
Investment themes:
Industrial control system cyber security company focused on defence and critical infrastructure industries.
Investment themes:
Intelligent configuration management software company.
Investment themes:
Enterprise security software company.
Investment themes:
Provider of digital trust and safety.
Investment themes:
Security technology company focused on helping enterprises and governments protect their most sensitive intellectual property.
Investment themes:
Investors
Top investors in the Security Software sector
| Investor | Profile | Country | Investments | |
|---|---|---|---|---|
|
NCSC Cyber Accelerator | Accelerator programme funded by the GCHG and run by Wayra. | United Kingdom | 8 |
|
Adams Street Partners LLC | Private equity and venture capital fund of funds | United States | 5 |
|
Sequoia Capital Israel | Israel | 4 | |
|
Access Venture Partners LLC | United States | 4 | |
|
Comcast Ventures | The corporate venturing arm of Comcast. | United States | 3 |
|
Grotech Ventures | Venture capital firm. | United States | 3 |
|
Tenaya Capital Inc | VC firm providing early-growth stage capital to transformational venture-backed technology businesses. | United States | 3 |
|
Riverwood Capital Management LP | 3 | ||
|
Y Combinator | American technology startup accelerator. | United States | 3 |
|
Paladin Capital Group | Private equity firm | United States | 2 |
|
EDB Investments Pte | The venture arm of Singapore's Economic Development Board. | Singapore | 2 |
|
Red Dot Capital Partners | Israel based venture capital fund focused on expansion and growth stage tech companies. | Israel | 2 |
|
Wayra | Telefonica's startup accelerator. | 2 | |
|
High Country Venture LLC | United States | 2 | |
|
Notable Capital | United States | 2 | |
|
Kleiner Perkins Caufield & Byers LLC | Venture capital firm. | United States | 2 |
|
The Carlyle Group LP | United States | 2 | |
|
Siemens Venture Capital GmbH | The corporate venture organisation for Siemens AG | Germany | 2 |
|
StageDotO Ventures | 2 | ||
|
Burda Principal Investments GmbH & Co KG | Growth capital division providing long-term investment for fast-growing digital technology and media companies, at various development stages globally | Germany | 2 |
|
SAP.iO | Seed fund that invests in early-stage software startups. | 2 | |
|
One Equity Partners | The private investment arm of JPMorgan Chase & Co | 2 | |
|
Ten Eleven Ventures | 2 | ||
|
Lightspeed Management Co LLC | Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. | United States | 2 |
|
|
Adara Advisors SL | Spain | 2 | |
|
|
Orza Investments | 2 | ||
|
|
ClearSky Security Fund I LLC | 2 | ||
|
Bain Capital Venture Partners LLC | Multi-stage, domain-focused venture fund with offices in the Bay Area, NYC, and Boston, the venture capital division within Bain Capital. | United States | 2 |
|
Entrepreneur First Investment Manager LLP | Tehnology incubator that invests in individuals “pre-team, pre-idea” to help create new technology startups. | United Kingdom | 2 |
|
Novator Partners LLP | International private equity, growth equity and capital markets investor. | United Kingdom | 2 |
|
BOLDstart Ventures | New York City-based VC firm focused on technology startups. | United States | 2 |
|
Dell Technologies Capital | The global venture capital investment arm of Dell Technologies. | United States | 1 |
|
|
Delta-v Capital | 1 | ||
|
Blossom Capital | 1 | ||
|
Warburg Pincus & Co | 1 | ||
|
Glynn Capital Management LLC | Private and public technology investment firm. | United States | 1 |
|
|
ClearSky | 1 | ||
|
|
Newlight Associates LP | United States | 1 | |
|
Thomson Reuters Corp | Online conferencing/calendar for the investment community. | 1 | |
|
Hoxton Ventures | 1 | ||
|
Agoranov | France | 1 | |
|
Information Venture Partners | Early stage venture capital firm that invests in fintech and enterprise software companies. | Canada | 1 |
|
Greylock Partners | Venture capital firm. | United States | 1 |
|
Magnus Capital | Investment and advisory firm focused at digital assets. | 1 | |
|
New Enterprise Associates Inc | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | United States | 1 |
|
Georgian Partners | Canada | 1 | |
|
.406 Ventures LLC | Early-stage venture capital firm that invests in innovative information echnology and services companies. | United States | 1 |
|
DeVC | "Global founder and operator collective that partners with entrepreneurs in their 0 to 1 journey." | India | 1 |
|
KKR Next Generation Technology Growth Fund LP | Growth-equity fund focused on technology investments. | Cayman Islands | 1 |
|
Abstract Ventures LLC | Sector agnostic venture investor in preseed, seed, and series A startup companies. | United States | 1 |
Acquirers
Top acquirers in the Security Software sector
| Investor | Profile | Country | Acquisitions | |
|---|---|---|---|---|
|
BlackBerry Ltd | Canada | 1 | |
|
Alphabet Inc | American multinational technology conglomerate holding company. | United States | 1 |
|
Thoma Bravo LP | Private equity firm focused on software and tech-enabled services companies. | United States | 1 |
|
|
PGP Corp | A leading global security software company with email and data encryption solutions for enterprise data protection. | United States | 1 |
Industry map
Security Software industry map
Valuations
Security Software selected pre-money valuations (USD)
| Funding round | Median | Average | Minimum | Maximum | Sample size |
|---|---|---|---|---|---|
| Seed | 80,000,000 | 80,000,000 | 80,000,000 | 80,000,000 | 1 |
| Series A | 1,600,000,000 | 1,600,000,000 | 1,600,000,000 | 1,600,000,000 | 1 |
| Series C | 1,250,000,000 | 1,250,000,000 | 1,250,000,000 | 1,250,000,000 | 1 |
| Series D | 4,200,000,000 | 4,200,000,000 | 4,200,000,000 | 4,200,000,000 | 1 |
| Private Equity | 3,400,000,000 | 3,400,000,000 | 3,400,000,000 | 3,400,000,000 | 1 |
| Acquisition | 5,350,000,000 | 5,350,000,000 | 5,300,000,000 | 5,400,000,000 | 2 |
| N/A | 2,325,000,000 | 2,325,000,000 | 1,650,000,000 | 3,000,000,000 | 2 |
| 80,000,000 | 5,400,000,000 | 9 |
Security Software selected deal sizes (USD)
| Funding round | Median | Average | Minimum | Maximum | Sample size |
|---|---|---|---|---|---|
| Seed | 4,600,000 | 6,420,000 | 1,500,000 | 18,000,000 | 5 |
| Series A | 14,500,000 | 31,062,500 | 3,250,000 | 100,000,000 | 12 |
| Series B | 31,500,000 | 28,516,667 | 3,100,000 | 40,000,000 | 6 |
| Series C | 55,000,000 | 167,500,000 | 10,000,000 | 550,000,000 | 4 |
| Series D | 40,000,000 | 85,000,000 | 15,000,000 | 200,000,000 | 3 |
| Series E | 40,000,000 | 40,000,000 | 40,000,000 | 40,000,000 | 1 |
| Venture | 6,000,000 | 16,666,667 | 4,000,000 | 40,000,000 | 3 |
| Private Equity | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 1 |
| Acquisition | 5,350,000,000 | 5,350,000,000 | 5,300,000,000 | 5,400,000,000 | 2 |
| Private Round | 2,200,000 | 2,200,000 | 2,200,000 | 2,200,000 | 1 |
| Debt | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 1 |
| N/A | 30,000,000 | 41,700,000 | 6,000,000 | 100,000,000 | 5 |
| 44 |
Business Classification
Parent business classification group
Software