Security, Funded - October 2021 Roll-up

This is the fourth issue of the Pro Reports roll-up series for the Security, Funded newsletter. I adjust this content often based on feedback, so if you see something you like or you feel something is missing, just let me know.

Let's dive in.

Overall

• 58 companies raised $2.9B (⬆️ from $2.4B in September)

By Industry

Most funding again did not favor a specific industry, but growth in critical infrastructure and autonomous vehicles continues month-over-month. I would expect a continued rise in the ICS/CAVs space.

• $2.7B was industry agnostic (⬆️ from $1.9B in September)
• $202.4M for Industrial Control Systems
• $20.0M for Military & Defense
• $8.0M for Connected and Automated Vehicles (CAVs)
• $5.6M for Social Networks

By Category

Software Security, Cloud Security, and Security Analytics lead the way in funding this month.

I predict in the next 6-12 months we will see a substantial increase in spending in the Privacy category.

• $628.1M for Application Security
• $396.3M for Cloud Security
• $292.0M for Security Analytics
• $250.0M for Cloud Security Posture Management
• $233.4M for Data Protection
• $225.0M for IoT Security
• $222.0M for Threat Intelligence
• $118.5M for Identity and Access Management
• $90.0M for Managed Services Provider (MSP)
• $60.8M for Privacy
• $60.0M for Data Governance
• $51.2M for Cybersecurity Consulting
• $50.0M for Endpoint Detection and Response
• $40.0M for Network Security
• $30.0M for Physical Security
• $30.0M for Breach & Attack Simulation
• $20.0M for Operational Technology (OT) Security
• $20.0M for Cyber Insurance
• $19.5M for Cloud Management Platform
• $16.6M for AI Security
• $8.9M for Security Awareness
• $8.0M for Connected and Autonomous Vehicle Security (CAVS)
• $7.0M for Third-Party Security
• $5.6M for Social Network Security
• $5.3M for Supply Chain Security
• $3.3M for Attack Surface Management
• $840.0K for Deception Technology
• An undisclosed amount for Firmware Security
• An undisclosed amount for Anti-Phishing

By Lead Investor

The top 5 lead investors or investor teams.

• Summit Partners - $625,000,000.00
• TCV - $250,000,000.00
• Greenoaks Capital- $250,000,000.00
• Madrone Capital Partners - $200,000,000.00
• Lightspeed Venture Partners - $200,000,000.00

Most Potential

The companies that I'm the most excited about this month and the ones I think have the most potential to disrupt or take a big market share.

• Orca Security
• Skyflow
• Query.AI