Altitude Cyber | Q3 2024 Cybersecurity Market Review

Altitude Cyber just released our Cybersecurity Market Review for Q3 2024. This report highlights trends in mergers and acquisitions, private equity, public markets, company valuations, industry news, upcoming conferences, sector trends, and much more.

Strategic activity in Q3 2024 included 271 transactions totaling $12.9B in disclosed deal values across financing (199 deals, $3.0B) and M&A (72 deals, $9.9B).

Key highlights in the quarter include the following:

Financing Update

• 199 Financing Deals were announced with total deal volume of $3.0B
• Key deals this quarter include Kiteworks’s $456M Growth round, Cribl’s $319M Series E, and Abnormal’s $250M Series D
• The most active sectors for financings in Q3 included Risk & Compliance, Identity & Access Management, and Data Security

M&A Update

• 72 M&A Deals were announced with total disclosed deal volume of $9.9B across 9 disclosed or estimated deals
• Key deals included EQT’s acquisition of Acronis for an estimated $4.0B, Mastercard’s acquisition of Recorded Future for $2.7B, and Salesforce’s acquisition of Own Company for $1.9B
• The most active sectors for M&A in Q3 were Security Consulting, Risk & Compliance, and Data Security

RSA Conference 2025 is fast approaching, and you can register to attend the conference using the link provided in the report. RSA Conference 2025 will take place in San Francisco, CA from April 28th through May 1st.

The Conference will provide a source for timely insights, thoughtful interactions, and actionable intelligence designed to help cybersecurity professionals continually strengthen their organizations and push their careers further. The 2025 conference explores “Many Voices. One Community.” in cybersecurity.

If you're interested in discussing this report, exploring our insights into the Cybersecurity industry, or addressing any strategic advisory needs you may have, drop me a line.

Best // Dino

Driven by passion and expertise, Altitude Cyber provides strategic advisory services for cybersecurity founders, CEOs, operators, investors, innovators, and their boards. Our unique approach combines corporate strategy, business development, and financial acumen with unrivaled industry access, empowering companies to scale and achieve transformational growth. We are dedicated to partnering with high-potential founders to ensure long-term success in an increasingly complex cybersecurity landscape.

This communication is for informational purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product. No representation is being made that the information presented is accurate, current or complete, and such information is at all times subject to change without notice.

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