Momentum's Cybersecurity Snapshot | January 2023

We are pleased to provide you with?Momentum’s Cybersecurity Snapshot for January 2023. Strategic activity for January included?58?transactions totaling?$2.2B?in disclosed deal values across M&A (16?transactions,?$1.1B) and financing (42?transactions,?$1.1B).

Each month we provide you with an update on the dynamic Cybersecurity landscape. We highlight M&A activity, Venture Capital, Initial Public Offerings, public market valuations, sector trends and unique industry perspectives.

Highlights include:

• 16?M&A deals were announced with disclosed values of?$1.1B?from?1?disclosed deal
• The acquisitions of?Magnet Forensics by Thoma Bravo?and?SecZetta by SailPoint?led M&A activity in January
• The most active sectors for M&A this month were:?Security Consulting (4), SecOps / IR / Threat Intel (3), and Risk & Compliance (3)
• 42?financing transactions completed with total capital raised of?$1.1B?(median amount raised of?$15.0M)
• Netskope’s $401M Convertible Note raise,?Saviynt’s $205M Debt raise, and?Hack The Box’s $55M Series B?led all financing activity in January
• The most active sectors for financings this month included:?Risk & Compliance (10), Application Security (4), and Network & Infrastructure Security (3)

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On Stage at SXSW 2023

Join us at South By Southwest as we discuss trends and threats in the Cybersecurity market in our panel titled “Record Cyber Spending, So Why Is Risk Still Rising.” Speakers on the panel include?Cyderes CEO Robert Herjavec,?Liberty Mutual CISO Katie Jenkins,?NightDragon Founder Dave DeWalt, and?Momentum Cyber Managing Partner Eric McAlpine. The event is open to SXSW badge holders and will take place March 14 from 11:30am - 12:30pm CT in the Hilton Austin Downtown. You can learn more about the panel?here.

As always, if you would like to discuss this report or our insights into the Cybersecurity industry, drop me a line.

Best // Dino

Momentum Cyber?is the premier trusted advisor to the cybersecurity industry providing bespoke high-impact advice combined with tailored, senior-level access. The firm was founded by world-class operators and advisors and caters to the unique needs of both earlier stage Founders, CEOs, & Boards as well as the complexity of later stage & public companies throughout their lifecycle – Incubation to Exit. Headquartered in San Francisco with operations globally, the founding team has closed over?250?transactions totaling over?$250 billion?in value.

Securities transactions offered through Momentum Capital Markets, LLC, member FINRA and SIPC.