๐Ÿ’ฐ Security, Funded #61 - Uber got breached again and acquisitions are heating up ๐Ÿ”ฅ

The Security, Funded newsletter issue #61 - Global cybersecurity funding and M&A news from the week of September 12th, 2022.

Mike P
Mike P

Table of Contents

Hey there,

I hope you had a great weekend!

In this week's issue:

  • Uber got breached, again.
  • Acquisitions are ramping back up
  • Security, Funded gets a soundtrack

The talk of the weekend - Uber got breached again (they covered up the first one), through a very unsophisticated style of attack by spamming MFA prompts to an IT admin.

No one:
Literally nobody:
Me: OK fine, I'll make a Security, Funded playlist on Spotify

Let me know if you've got any crispy beats to add to this playlist. ๐Ÿ˜ค๐Ÿ‘Š

Let's dive in.

๐Ÿ“Š Market News

  • Global Automotive Cybersecurity Market to Reach $5.3 Billion by 2026 (more)
  • Cybersecurity Funding Review for August 2022 (more)
  • EU wants to toughen cybersecurity rules for smart devices (more)

๐Ÿ’ฐ Funding Summary

  • 12 companies raised $440.9M across 9 unique product categories
  • 8 companies were acquired or had a merger event across 7 unique product categories for $9.5M

๐Ÿงฉ Funding by Product Category

  • $230.0M for Physical Security
  • $140.4M for Data Protection
  • $40.0M for Security Operations
  • $10.0M for Security Orchestration and Automated Response (SOAR)
  • $6.5M for Network Security
  • $5.0M for Professional Services
  • $5.0M for Fraud and Financial Crime Protection
  • $4.0M for Secure Networking
  • An undisclosed amount for Extended Detection and Response (XDR)


Turn your cybersecurity career into a rocket ship here. ๐Ÿš€

๐Ÿข Funding By Company

๐Ÿค Mergers & Acquisitions

๐Ÿ” 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.
  • Return on Security Talent Collective - If you're open to hearing about new opportunities, apply to my talent collective to get personally matched with high-growth, high-upside opportunities. You can join publicly or anonymously, and leave anytime. And it's completely free for candidates.

Are you hiring? Post a role or request access to start meeting world class candidates open to new opportunities. Learn more or request access here.

๐Ÿ“š 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!

๐Ÿงช Labs

๐Ÿ‘‹ 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 and see you again next time!

Whenever you're ready, there are a few ways I can help you:

  • Get all the data I collect and create to make the newsletter and reports here. ๐Ÿ“Š
  • Work 1:1 with me to evaluate a company or product category here. ๐Ÿค
  • Sponsor the newsletter to get cybersecurity and investing decision maker eyeballs on your brand here. โœ‰๏ธ


Mike P