Each month I do a quick recap of cybersecurity funding and acquisition stats by the numbers with visuals.
At a Glance
A lookback at what moved the cybersecurity market in May 2022.
Approximately $1.9B was invested in 62 cybersecurity companies across 32 unique product categories in May 2022, matching the $1.9B invested in 60 companies in April 2022.
More than 80% of funding when to United States-based companies, with the remainder spread between Canada, Israel, Indonesia, and Finland.
Over $10.0B accounted for 34 cybersecurity companies with a merger or acquisition event across 17 unique product categories
Seed funding rounds accounted for 4.37% in May, up from 4% in April.
Top Funded Product Categories
$340.0M for Email Security
$209.0M for Secure Remote Access
$201.7M for Threat & Vulnerability Management (TVM)
$196.0M for Mobile Device Security
$174.7M for Application Security
Top Funded Industries
$1.5B was not industry specific
$232.0M for Web3
$115.3M for Enterprise Software
$15.0M for Military & Defense
$12.5M for InsurTech
Top Lead Investor Teams
$406.0M for Insight Partners
$200.0M for Kohlberg Kravis Roberts (KKR), TenEleven Ventures
$170.0M for GIC
$110.0M for Bessemer Venture Partners
$100.0M for Andreessen Horowitz, Alan Blaine
Top Countries Funded
$1.6B for United States
$99.0M for Canada
$71.0M for Israel
$47.7M for Indonesia
$40.0M for Finland
Data Collection Methodology
A few tenants I follow for collecting and creating this data:
I only use public data sources
I evaluate each company that makes this list to make sure they are solving a cybersecurity problem
I personally assign the product category for each company (regardless of what their marketing says)
All funding and acquisition values are in U.S. dollars
All funding amounts are from the time of collection
Go Deeper
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Cheers,
Mike