Altitude Cyber

Weekly Cybersecurity Deal Dashboard (March 3 – March 9) ? ?Highlighted Financing Activity -Crogl, Inc. raised $30M in combined Seed and Series A funding led by Menlo Ventures and Tola Capital -AIceberg raised $10M in Seed funding led by Sprout & Oak and SYN Ventures -SpecterOps raised $75M in Series B funding led by Insight Partners -Knostic raised $11M in Early Stage funding led by Bright Pixel Capital -Aryon Security raised $9M in Seed funding led by Blumberg Capital and Viola Ventures -Coalition, Inc. raised $30M in Strategic Funding from Mitsui Sumitomo Insurance Group -Cloudsmith raised $23M in Series B funding led by TCV -Converge Insurance raised $5M in Strategic Funding from QBE Ventures -Cryptosoft raised an undisclosed amount of Early Stage funding from undisclosed investors Highlighted M&A Activity -OTORIO was acquired by Armis for an undisclosed amount -Squadcast was acquired by SolarWinds for an undisclosed amount -Identity Automation was acquired by Jamf for $215M If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B., Domenic Perri

Cybersecurity-related M&A activity has been remarkably steady in the past four years. M&A hit an inflection point in 2021, then stabilized. The multi-year cybersecurity M&A activity trend is more interesting than any single year alone. 2021 accelerated M&A activity in a big way, and it's stayed relatively high ever since. Annual dollar volume (the total of all disclosed cybersecurity-related M&A transactions) averaged $21.5 billion per year for the five-year period from 2016 to 2020. It spiked to $80.9 billion in 2021, then settled in at a $58.5 billion per year average since then. The average is still at $51 billion per year without 2021, though. That's over double the average dollar volume from 2016-2020. It's a similar story for annual deal counts (the literal count of cybersecurity-related transactions, disclosed or not). The average count from 2016-2020 was 178 deals. We hit an inflection point, and 2021-2024 was much busier at 280 deals per year. Sure, 2021 was peak hype for both cybersecurity and tech — but we've clearly settled into a new normal for cybersecurity M&A. We're already in the middle of a sustained increase for both total deals and dollars spent on acquisitions. -- Altitude Cyber Dino B. John Gould

Weekly Cybersecurity Deal Dashboard (February 24 – March 2) ? ?Highlighted Financing Activity -Archipelo raised $12M in combined Pre-Seed and Seed funding led by Dell Technologies Capital -Mimic raised $50M in Series A funding led by GV (Google Ventures) and Menlo Ventures -Proof raised an undisclosed amount of strategic funding from State Farm Ventures -Dreadnode raised $14M in Series A funding from investors including Decibel Partners and IQT (In-Q-Tel) -Musubi raised $5M in Seed funding led by J2 Ventures -Anagram raised $10M in Series A funding led by Madrona -Ligero raised $4M in Seed funding led by 1kx and Galaxy -Scaleout raised $3M in Early Stage funding led by Fairpoint Capital and Navigare Ventures -CQR raised $3M in Early Stage funding led by Shorooq -Edera raised $15M in Series A funding led by M12, Microsoft's Venture Fund -Lockchain.ai raised $5M in Series A funding led by White Star Capital -NinjaOne raised $500M of Series C extension funding led by CapitalG and ICONIQ Growth -RAD Security raised $14M in Series A funding led by Cheyenne Ventures Highlighted M&A Activity -Sealance was acquired by Forte for an undisclosed amount -ID Quantique was acquired by IonQ for an undisclosed amount -Egnyte was acquired by GI Partners and TA Associates via a majority investment for an undisclosed amount -Netz16 GmbH was acquired by accompio for an undisclosed amount -Skybox Security assets were acquired by Tufin for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B., Domenic Perri

Just got my acceptance—I’ll be speaking at RSA Conference 2025! I’ll be diving into?Cybersecurity M&A and Investment Trends: Where Deals Happen & What’s Next. So where is the money actually flowing? In my session, I'll break down key trends in financing and M&A, covering top sectors, major deals, shifting valuations, and what startups need to secure funding or an exit in 2025. If you’re a?founder, investor, or executive?thinking about the evolving market, join me?Thursday, May 1st, at 12:20 PM PT. Big shoutout to my?amazing partner, Dino B., who’s speaking?two hours before me—definitely a session worth catching! Looking forward to a great discussion! Altitude Cyber, Dino B., John Gould, Adam Jasmin, Samuel Cook, Anne Jensen

Mark your calendars for #RSAC 2025, where the cybersecurity community comes together to create the future of digital security. Join us April 28–May 1 in San Francisco for expert insights, peer collaboration, and hands-on innovation. See you there? https://lnkd.in/gY3yMyEb RSA Conference

Weekly Cybersecurity Deal Dashboard (February 17 – February 23) ? ?Highlighted Financing Activity -Gomboc AI raised $8M in Seed funding led by Ballistic Ventures -RepScan raised $3M of Series A funding from investors including Swanlaab Venture Factory -Optimal AI raised $2M in Pre-Seed funding led by Act One Ventures and Chingona Ventures -Blockaid raised $50M in Series B funding led by Ribbit Capital -Whalebone raised $14M in Series B funding led by Unbound -Singulr AI raised $10M in Seed funding led by Nexus Venture Partners and Dell Technologies Capital -MirrorTab raised $9M in Seed funding led by Valley Capital Partners -Dream raised $100M in Series B funding led by Bain Capital Ventures -DRIVESEC - We Secure Your Things raised $3M in Series A funding from LIFTT -8com raised an undisclosed amount of Growth funding from Hannover Finanz -NOTHREAT raised an undisclosed amount of Seed funding led by Algara Group Highlighted M&A Activity -Votiro was acquired by Menlo Security Inc. for $38M -System High Corporation was acquired by Ridgeline International, LLC for an undisclosed amount -Dassana was acquired by Deepwatch for an undisclosed amount -Charmwood Risk Management Ltd was acquired by Robinson Management Services Ltd. for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B., Domenic Perri, Adam Jasmin, Samuel Cook, John Gould

?? The Future of Security: Navigating the Age of Data and AI ?? The official session video from TechCon SoCal 2025 is now live! ??? As AI, automation, and data continue to shape the future, the cybersecurity landscape is evolving rapidly. Organizations must adapt to new threats, compliance challenges, and ethical dilemmas to ensure secure and resilient digital ecosystems. This panel brings together leading security experts and investors to discuss the future of cybersecurity in an AI-driven world. ?? Key Takeaways from This Must-Watch Session: ? The Rise of AI-Driven Threats – How machine learning and automation are being used by both defenders and attackers. ? Data Privacy & Ethics – What businesses must do to stay compliant and protect sensitive user data. ? Zero Trust & Next-Gen Security Models – How companies are rethinking security architectures for a hyper-connected world. ? Investment & Innovation in Cybersecurity – What VCs are looking for in the next wave of security startups. ? Preparing for the Unknown – Strategies to stay ahead of constantly evolving threats. ?? Expert Panelists: ?? Domenic Perri – Partner & Co-Founder, Altitude Cyber ?? Daniel Marashlian – CTO, Drata ?? Ernie B. – Managing Director, Forgepoint Capital ?? Chenxi Wang, Ph.D. – Founder & General Partner, Rain Capital ?? Anshu Agarwal– General Partner, Converge VC The future of cybersecurity is now. Whether you’re a tech leader, investor, or entrepreneur, this session is packed with insights and strategies to help you navigate an AI-powered security landscape. ?? Watch the full session here: https://lnkd.in/dWe-RH9G ?? Swipe for event highlights! ?? #TechConSoCal #Cybersecurity #AI #DataSecurity #Privacy #ZeroTrust #AIandSecurity #CyberThreats #TechInnovation #SecurityLeadership #TechConSoCal2025 #TechConSoCal #IndustryExperts #TechConference #InnovationSummit #TechTalks #Innovation #Technology #Networking #ArtificialIntelligence #DigitalHealth #Robotics #startups #vc #SandDiegoStartup #Founders #ConsumerTech

Weekly Cybersecurity Deal Dashboard (February 10 – February 16) ? ?Highlighted Financing Activity -OneID? raised $20M in Early Stage funding led by ACF Investors -SGNL raised $30M in Series A funding led by Brightmind Partners -QuSecure raised an undisclosed amount of Series A extension funding led by Two Bear Capital, bringing their total Series A funding to $28M -Jscrambler raised $5M in Series A extension funding from Iberis Capital -ArmourZero raised an undisclosed amount of Early Stage funding led by Gobi Partners -Sardine raised $70M in Series C funding led by Activant Capital -Moderne raised $30M in Series B funding led by Acrew Capital -Andesite raised $23M in Seed funding led by General Catalyst and Red Cell Partners -DROSERA NETWORK raised $5M in Early Stage funding led by Greenfield Capital -Tines raised $125M in Series C funding led by Growth Equity at Goldman Sachs Alternatives -Nirmata raised $10M in Early Stage funding led by PeakXV Surge Highlighted M&A Activity -Zilla Security was acquired by CyberArk for $165M -Metrics That Matter was acquired by Consortium for an undisclosed amount -Certain ThreatX Protect assets from ThreatX were acquired by A10 Networks, Inc for an undisclosed amount -SafeBase was acquired by Drata for $250M -Traceable was acquired by Harness for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B., Domenic Perri, Adam Jasmin, Samuel Cook, John Gould

Weekly Cybersecurity Deal Dashboard (February 3 – February 9) ? ?Highlighted Financing Activity -ZeroRisk.io raised $4M in Early Stage funding led by Elkstone -ThreatMate raised $3M in Seed funding led by Top Down Ventures -Semgrep raised $100M in Series D funding led by Menlo Ventures -Astra Security raised $3M in Growth funding led by Emergent Ventures -Aleph-Networks raised $2M in Early Stage funding led by AG2R LA MONDIALE and ACCURAFY4 -7AI emerged from stealth with $36M in Seed funding led by CRV, Greylock, and Spark Capital -FTAPI raised $67M in Growth funding led by Armira Growth and Tikehau Capital -Riot raised $30M in Series B funding led by Left Lane Capital -Invary raised $4M in Seed funding from investors including SineWave Ventures Highlighted M&A Activity -Cyberscope was acquired by TAC Security for an undisclosed amount -Ctrl:cyber was acquired by Pemba Capital Partners for an undisclosed amount -Ravelin Technology was acquired by Worldpay for an undisclosed amount -DeepSurface Security was acquired by AttackIQ for an undisclosed amount -Xeol (Acq. by HeroDevs) was acquired by HeroDevs for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B., Domenic Perri, Adam Jasmin, Samuel Cook, John Gould

Weekly Cybersecurity Deal Dashboard (January 27 – February 2) ? ?Highlighted Financing Activity -ID.me raised $275M in Debt funding from Ares Management Corporation -Closinglock raised $34M in Series B funding led by Sageview Capital -Seraphic Security raised $29M in Series A funding led by GreatPoint Ventures -Irreducible raised $24M in Series A funding co-led by Bain Capital Crypto and Paradigm -Observo AI raised $15M in Seed funding led by Felicis and Lightspeed -Freeze raised $3M in Seed funding led by undisclosed angel investors -Conoris Technologies raised $1M in Pre-Series A funding led by Genesia Ventures -Oligo Security raised $50M in series B funding led by Greenfield Partners -Conifers.ai raised $25M in Early Stage funding from SYN Ventures -Clutch Security raised $20M in Series A funding led by SignalFire -Secrets Vault raised $0.4M in Early Stage funding from investors including Bcombinator -Eclypsium, Inc. raised $45M in Series C funding led by investors including Qualcomm Ventures and Singtel Innov8 -Hypori raised $12M in Series B extension funding from investors including E Industrial Partners -Frenos raised $4M in Seed funding led by DataTribe -TrustLogix raised an undisclosed amound of Seed-2 funding led by WestWave Capital -Delve raised $3M in Early Stage funding led by investors including General Catalyst -Humanity Protocol raised $20M in Early Stage funding co-led by Jump Crypto and Pantera Capital -Token Security raised $20M in Series A funding led by Notable Capital Highlighted M&A Activity -Deduce was acquired by CHEQ for an undisclosed amount -Vulcan Cyber | Own exposure risk was acquired by Tenable for $150M -Assetnote was acquired by Searchlight Cyber for an undisclosed amount -Solvo was acquired by CYE for an undisclosed amount -Systecom was acquired by QnR Group for an undisclosed amount -Entrust’s public certificate business was acquired by Sectigo for an undisclosed amount -Stack Identity was acquired by Jumpcloud for an undisclosed amount -Comsys was acquired by Infoguard for an undisclosed amount -Spheron merged with Northern block for an undisclosed amount -Dropsuite was acquired by Ninjaone for $252M -Varmour was acquired by Fenix24 for an undisclosed amount -Avangate was acquired by Elovade for an undisclosed amount If you would like to receive monthly updates on trends in cybersecurity strategic activity, public markets updates, industry news, conferences, & more, consider subscribing to Altitude Cyber’s monthly newsletter here: https://lnkd.in/gSdYR8pS Altitude Cyber, Dino B., Domenic Perri