💰Security, Funded #55 - Thoma Bravo is at it again, another browser isolation company hits it big, and the first cyber IPO of 2022

The Security, Funded newsletter issue #55 - Global cybersecurity funding and M&A news from the week of August 1st, 2022.

Mike P
Mike P

Table of Contents

Hey there,

I hope you had a great weekend!

ZeroFox is the first cybersecurity company to go public in 2022 after it completed the acquisition of IDX, a consumer privacy company. Last year cybersecurity companies had a breakout year, and while this year has started very differently than 2021, there are still big bets being made in the cybersecurity space.

Let's dive in.

💰 Summary

  • 13 companies raised $291.2M across 10 unique product categories
  • 6 companies were acquired or had a merger event for $2.8B

🧩 By Product Category

  • $100.0M for Remote Browser Isolation
  • $61.2M for Identity Verification
  • $32.0M for Data Security Posture Management (DSPM)
  • $25.0M for Cybersecurity Education & Training
  • $23.0M for Managed Security Services Provider (MSSP)
  • $20.0M for Continuous Compliance
  • $15.0M for Application Security
  • $8.0M for Threat Intelligence
  • $7.0M for Secure Collaboration and Messaging
  • An undisclosed amount for Secure Networking


Event: Opkalla Tech Summit 2022

Featuring keynote speaker Greg van der Gaast

Don’t miss out on October 6! Opkalla's Tech Summit, with a focus on cybersecurity, is happening at the U.S. National Whitewater Center in Charlotte. Expect half a day of cutting edge discussions centered around cybersecurity, with the second half reserved for enjoying all the outdoor adventures the Whitewater Center has to offer. This event is for you if you manage or execute on cybersecurity initiatives within your organization.

Register here with code SecurityFunded for half off your ticket.

🏢 By Company

🤝 Mergers & Acquisitions

  • Ping Identity, a platform with a suite of identity and access management (IAM) capabilities, was acquired by Thoma Bravo for $2.8B. (more)
  • Convexum, an airspace security company protecting against malicious drones, was acquired by Berkeley Research Group for $29.0M. (more)
  • ATvanGarde, a professional services company focused on vulnerability assessments and penetration testing., was acquired by Nettitude for an undisclosed amount. (more)
  • IDX, a consumer digital privacy platform, was acquired by ZeroFox for an undisclosed amount. (more)
  • Infoit, a professional cybersecurity services firm, was acquired by Netskope for an undisclosed amount. (more)
  • ThirdPartyTrust, a third-party vendor management platform, was acquired by BitSight for an undisclosed amount. (more)

🔐 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.

📆 Special Events

DataTribe Challenge 2022

What 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.

Enter your submission.

📚 Great Reads & Finds

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

🎵 Too bad that you couldn't see
See the [company] that [startup] could be
There is more that meets the eye
I see the [competitive edge] that is inside 🎵

🎉 Enjoying This Newsletter?

If you want to show your support you can:

- Share the newsletter
- Support independent publishing
- Shop the store
- Sponsor an issue

👋 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