Security, Funded - May 2022 Roll-Up

A lookback at what moved the cybersecurity market in May 2022.

Mike P
Mike P

Table of Contents

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

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