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  • 💰Security, Funded #58 - More deals going private, a really low week in funding, and getting creative

💰Security, Funded #58 - More deals going private, a really low week in funding, and getting creative

Hey there,

I hope you had a great weekend!

A big shout out goes to the GreyNoise and Krit teams for their recent acquisition! Krit was a driving force for much of the UI/UX experience of GreyNoise and why it has been such a big hit with the cybersecurity community at large.

GreyNoise liked Krit so they put a ring on it and this kind of vertical integration was a real big brain move. 🧠

I would not be surprised if we continue to see more non-traditional acquisitions in this space as founders are challenged to be more creative and conservative with the usage of their funds in this compressed environment.

In this week's issue

  • More deals are going private

  • The lowest week of funding to date

  • Getting creative with vertical integration

Let's dive in.

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Know what and who is moving the cybersecurity.

📊 Market News

  • Global Cyber Security Market Size to Reach $478.7B by 2030 (more)

  • Penetration Testing Market Worth $2.7B By 2027 (more)

  • Cyber Security Insurance Market May See a Big Move (more)

💰 Funding Summary

  • 9 companies raised $29.1M across 9 unique product categories

  • 3 companies were acquired or had a merger event across 3 unique product categories

🧩 Funding by Product Category

  • $14.0M for Privacy

  • $6.7M for Cyber Insurance

  • $5.0M for Secure Collaboration and Messaging

  • $2.4M for Identity and Access Management (IAM)

  • $999.7K for Cybersecurity Education & Training

  • An undisclosed amount for Managed Detection and Response (MDR)

  • An undisclosed amount for Data Protection

  • An undisclosed amount for Cloud Security

  • An undisclosed amount for Attack Surface Management (ASM)

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🏢 Funding By Company

🤝 Mergers & Acquisitions

🔐 Secure The Job

If you're looking for new opportunities (actively or passively), I've got two ways to help:

  • Return on Security Job Board - Browse the jobs I curate each week and apply for what matches your interests.

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📆 Special Events

I'm on the CISO advisory board for DataTribe and they are a top-notch group, so you won't want to miss this if you're raising funds.

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DataTribe Challenge 2022What could your company do with $2 Million?The DataTribe Challenge is a unique annual competition that brings together the best entrepreneurs in the world looking to disrupt cybersecurity and data science. DataTribe selects three finalists that split $20,000 in prize money and one winner that could receive up to $2 million in seed capital.Submissions Due:  September 23rd, 2022. Enter here.

📚 Great Reads

You can see the full list of curated posts across all issues here, and you can submit an article, post, tweet, or video here and it can show up in the newsletter!

🧪 Labs

It's all marketing

 ZERO TRUST IS JUST CYBERSECURITY MARKETING. pic.twitter.com/iEI6UCoe4y— rootsecdev (@rootsecdev) August 20, 2022 

👋 Thanks

Have questions, comments, or feedback about this issue? I'd love to hear from you. Reach out on Twitter or reply directly to the newsletter version of this issue.

Thanks for reading!

Cheers,

Mike P

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