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πŸ’° Security, Funded #54 - Secure defaults, the hidden costs of certificates, and big brain moves

The Security, Funded newsletter issue #54 - Global cybersecurity funding and M&A news from the week of July 25th, 2022.

Mike P
Mike P

Table of Contents

Hey there,

I hope you had a great weekend!

Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) continue to be one of the most acquired categories this year, as it was last year as well. I'm now seeing multiple consolidations happening where a firm might triple in size by acquiring two or more companies in one shot.

The MSP/MSSP space has seen an explosion of growth in general the last few years, and I'd expect it to continue as capital has become harder to acquire for product-based cybersecurity companies.

What remains to be seen, however, is if news of a recession will send funding back up as the stock markets have temporarily rallied.

Let's dive in.

πŸ’° Summary

  • 8 companies raised $288.7M across 7 unique product categories
  • 7 companies were acquired or had a merger event

🧩 By Product Category

  • $250.0M for Data Protection
  • $11.5M for Distributed Ledger Technology (DLT) Security
  • $10.0M for Remote Browser Isolation
  • $8.3M for Infrastructure as Code (IaC)
  • $6.0M for API Security
  • $5.1M for Managed Security Services Provider (MSSP)
  • $2.2M for Identity and Access Management (IAM)
  • $755.6K for Professional Services


eBook: Beware the Hidden Costs of Microsoft CA

In today’s world, a free certificate authority won't cut it.

For IT departments it's critical to ensure protection of data by managing and authenticating network identities. Hence, a decision to use Microsoft CA for certificate management is risky. This eBook provides charts and data on how much that β€œfree” CA will really cost.

Get the eBook here.

🏒 By Company

🀝 Mergers & Acquisitions

πŸ” Secure The Job

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

Are you currently hiring or looking to hire soon? Post standard jobs for FREE or upgrade to a Featured tier to really stand out and hire the best talent from the Return on Security community.

πŸ“š Great Reads & Finds

  • Cryptocurrency Legislation - Thirty-seven US states have addressed legislation regarding cryptocurrency, digital or virtual currencies and other digital assets in the 2022 legislative session
  • Prep Tips for Cybersecurity Manager Interviews - There are few resources about how you prepare yourself to get a manager job, much less in cybersecurity. So I decided to add something that hopefully others can learn from and make their own.
  • Combating Ransomware - A framework of key recommendations for action from the Ransomware Task Force (RTF) at Institute for Security and Technology (IST).

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!

πŸ§ͺ Labs

Big brain moves only 🧠

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πŸ‘‹ 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!


Mike P