Cyber, Seeded #2 May 2023 Edition

Ishan Girdhar -

🌱 Cyber, Seeded.

Read more about this project here.

Summary💡

  1. In May 2023, 54 Companies raised approx. USD 1,518,098,805 (1.5 Billion) across 15 Funding Types and across 14 Countries.
  2. In the United States, 30 companies raised USD 1,389,809,489 (1.3 Billion) followed.
  3. Iron Mountain raised 1 Billion in Post-IPO Debt.
  4. 5 Companies raised 133 Million in Series A (2 of which are from France, and 3 of them are from the United States)
  5. 77 Million was raised in Seed Round by 16 Companies (8 of which are from the United States, three companies are from Israel, and one each from Singapore, Netherlands, Ireland, Germany, and Chile)

May 2023 Edition Key Insights

  1. Country-wise Distribution: A vast majority of fundraising activity took place in companies based in the United States, followed by Israel, Germany, and then others. This suggests that the US continues to be a dominant hub for attracting investment.
  2. Round of Funding: The funding rounds varied widely, from early-stage rounds such as Seed and Series A to later-stage rounds like Series C, E, and post-IPO Equity/Debt rounds. This indicates a healthy investment ecosystem supporting companies at all stages of development.
  3. High-Value Fundraises: The most significant funding amount was secured by Iron Mountain, a US-based company, which raised 1 billion USD in a Post-IPO Debt round. Other substantial raises include Eagle Eye Networks (100 million USD), Huntress (60 million USD), and Auradine (71 million USD), all US-based companies.
  4. Seed Funding Activity: Notably, there was a significant number of Seed funding rounds across various countries, suggesting a vibrant environment for early-stage companies and new ideas.
  5. Secrecy in Amounts Raised: Several companies have not disclosed the amount they raised in their funding rounds. It's a common practice for companies at certain stages or in specific situations to not disclose their funding amounts, particularly when dealing with strategic investors or unusual funding circumstances.
  6. Funding in the AI space: Some of the companies, like Lumeus.ai are likely in the AI domain, signifying ongoing investor interest in AI and machine learning technologies.

Funding by Countries

Country Name SUM of Funding Amount (USD) No. Of Organizations
United States 🇺🇸 1389809489 30
Switzerland 🇨🇭 500000 1
South Korea 🇰🇷 0 1
South Africa 🇿🇦 0 1
Singapore 🇸🇬 6000000 1
Netherlands 🇳🇱 12554530 2
Israel 🇮🇱 37000000 6
Ireland 🇮🇪 0 1
India 🇮🇳 50000 1
Germany 🇩🇪 5626773 3
France 🇫🇷 45470497 2
China 🇨🇳 14216661 1
Chile 🇨🇱 0 1
Canada 🇨🇦 6870855 3
Grand Total 1518098805 54

Funding by Companies

  1. Huntress is a United States-based company that raised 60000000 USD Tuesday, 16 May 2023, in a Series C round.
  2. Keeper Security is a United States-based company that raised an unknown amount Tuesday, 9 May 2023, in a Private Equity round.
  3. DataVisor is a United States-based company that raised an unknown amount Tuesday, 9 May 2023, in a Venture - Series Unknown round.
  4. Eagle Eye Networks is a United States-based company that raised 100000000 USD Wednesday, 17 May 2023, in a Venture - Series Unknown round.
  5. SquareX is a Singapore-based company that raised 6000000 USD Thursday, 4 May 2023, in a Seed round.
  6. Magic is a United States-based company that raised 52000000 USD Wednesday, 31 May 2023, in a Convertible Note round.
  7. Immuta is a United States-based company that raised an unknown amount Thursday, 4 May 2023, in a Series E round.
  8. SpiderOak is a United States-based company that raised an unknown amount Thursday, 18 May 2023, in a Venture - Series Unknown round.
  9. Iron Mountain is a United States-based company that raised 1000000000 USD Wednesday, 10 May 2023, in a Post-IPO Debt round.
  10. HUB Security is an Israel-based company that raised 16000000 USD Thursday, 4 May 2023, in a Post-IPO Equity round.
  11. Optery is a United States-based company that raised 2700000 USD Monday, 8 May 2023, in a Seed round.
  12. Strike Graph is a United States-based company that raised 7000000 USD Monday, 22 May 2023, in a Venture - Series Unknown round.
  13. Stacklok is a United States-based company that raised 17500000 USD Wednesday, 17 May 2023, in a Series A round.
  14. Deep Sentinel is a United States-based company that raised 15000000 USD Wednesday, 31 May 2023, in a Venture - Series Unknown round.
  15. ThreatFabric is a Netherlands-based company that raised 12554530 USD Thursday, 11 May 2023, in a Seed round.
  16. Auradine is a United States-based company that raised 71000000 USD Tuesday, 16 May 2023, in a Series A round.
  17. Ox Security is an Israel-based company that raised an unknown amount Thursday, 18 May 2023, in a Non-equity Assistance round.
  18. Ballerine is an Israel-based company that raised 5000000 USD Tuesday, 23 May 2023, in a Seed round.
  19. Hook Security is a United States-based company that raised 5500000 USD Monday, 15 May 2023, in a Seed round.
  20. SEKOIA is a France-based company that raised 37722549 USD Wednesday, 24 May 2023, in a Series A round.
  21. Aiden is a United States-based company that raised 4500000 USD Wednesday, 3 May 2023, in a Seed round.
  22. MEMCYCO is an Israel-based company that raised 10000000 USD Wednesday, 24 May 2023, in a Seed round.
  23. CISO Global is a United States-based company that raised 4000000 USD Tuesday, 16 May 2023, in a Post-IPO Equity round.
  24. Lumeus.ai is a United States-based company that raised 6000000 USD Thursday, 18 May 2023, in a Seed round.
  25. CyberVadis is a France-based company that raised 7747948 USD Wednesday, 3 May 2023, in a Series A round.
  26. Centripetal is a United States-based company that raised an unknown amount Monday, 29 May 2023, in a Grant round.
  27. Cybeats Technologies is a Canada-based company that raised 6211000 USD Wednesday, 10 May 2023, in a Post-IPO Equity round.
  28. authID is a United States-based company that raised 8199999 USD Tuesday, 23 May 2023, in a Post-IPO Equity round.
  29. Kertos is a Germany-based company that raised 4409239 USD Thursday, 4 May 2023, in a Seed round.
  30. NetBird is a Germany-based company that raised 1217534 USD Wednesday, 3 May 2023, in a Pre-Seed round.
  31. CyberConIQ is a United States-based company that raised 4597500 USD Monday, 22 May 2023, in a Debt Financing round.
  32. BioCatch is an Israel-based company that raised an unknown amount Wednesday, 3 May 2023, in a Venture - Series Unknown round.
  33. Entro is an Israel-based company that raised 6000000 USD Wednesday, 17 May 2023, in a Seed round.
  34. Citalid Cybersecurity is a United States-based company that raised 100000 USD Monday, 22 May 2023, in a Grant round.
  35. Cork is a United States-based company that raised 6000000 USD Monday, 15 May 2023, in a Seed round.
  36. i2Chain is a United States-based company that raised 2411990 USD Tuesday, 16 May 2023, in a Debt Financing round.
  37. Cloudburst Technologies is a United States-based company that raised 3000000 USD Monday, 8 May 2023, in a Seed round.
  38. Hackmetrix is a Chile-based company that raised an unknown amount Monday, 15 May 2023, in a Seed round.
  39. 1touch.io is a United States-based company that raised 14000000 USD Friday, 5 May 2023, in a Series B round.
  40. Lingxin Digital Technology is a China-based company that raised 14216661 USD Monday, 22 May 2023, in a Series B round.
  41. NexusTek is a United States-based company that raised an unknown amount Tuesday, 16 May 2023, in a Private Equity round.
  42. Hopr is a United States-based company that raised 300000 USD Thursday, 25 May 2023, in a Seed round.
  43. Quantum Bridge is a Canada-based company that raised 659855 USD Thursday, 11 May 2023, in a Grant round.
  44. Qrcrypto is a Switzerland-based company that raised 500000 USD Thursday, 25 May 2023, in a Debt Financing round.
  45. Hanko is a Germany-based company that raised an unknown amount Monday, 15 May 2023, in a Venture - Series Unknown round.
  46. GETSecured is an India-based company that raised 50000 USD Tuesday, 9 May 2023, in a Pre-Seed round.
  47. SnippetSentry is a United States-based company that raised an unknown amount Thursday, 11 May 2023, in a Series A round.
  48. International Internet Security is a Canada-based company that raised an unknown amount Saturday, 20 May 2023, in a Pre-Seed round.
  49. Octiga is an Ireland-based company that raised an unknown amount Tuesday, 16 May 2023, in a Seed round.
  50. Manifest is a United States-based company that raised 6000000 USD Thursday, 18 May 2023, in a Seed round.
  51. Port443 is a South Africa-based company that raised an unknown amount Tuesday, 9 May 2023, in a Corporate Round round.
  52. Naoris Protocol is a United States-based company that raised an unknown amount Tuesday, 23 May 2023, in a Grant round.
  53. MindYourPass is a Netherlands-based company that raised an unknown amount Tuesday, 23 May 2023, in a Venture - Series Unknown round.
  54. WingShield is a South Korea-based company that raised an unknown amount Tuesday, 16 May 2023, in a Corporate Round round.

Data compiled from Crunchbase

Funding by Funding Types

Last Funding Type SUM of Last Funding Amount (USD) COUNTA of Organization Name
Post-IPO Debt 1000000000 1
Series A 133970497 5
Venture - Series Unknown 122000000 8
Seed 77963769 16
Series C 60000000 1
Convertible Note 52000000 1
Post-IPO Equity 34410999 4
Series B 28216661 2
Debt Financing 7509490 3
Pre-Seed 1267534 3
Grant 759855 4
Series E 0 1
Private Equity 0 2
Non-equity Assistance 0 1
Corporate Round 0 2
Grand Total 1518098805 54

Mergers & Acquisitions 🤝

  1. ICR acquired Lumina Communications on 2023-05-02 for an unknown amount in an Acquisition
  2. DartPoints acquired Venyu Solutions on 2023-05-02 for an unknown amount in an Acquisition
  3. Nexus AG acquired SmartLiberty on 2023-05-02 for an unknown amount in an Acquisition
  4. Mitie acquired RHI Industrials on 2023-05-02 for 23827256 USD in an Acquisition
  5. Synthetik Applied Technologies acquired Saleria on 2023-05-02 for an unknown amount in an Merger
  6. Databricks acquired Okera on 2023-05-03 for an unknown amount in an Acquisition
  7. Pye-Barker Fire & Safety acquired Vanguard Fire & Security Systems, Inc. on 2023-05-03 for an unknown amount in an Acquisition
  8. CACI Limited acquired Bitweave on 2023-05-04 for an unknown amount in an Acquisition
  9. Nostra acquired Definitive on 2023-05-04 for an unknown amount in an Acquisition
  10. GeoComply acquired OneComply Inc on 2023-05-08 for an unknown amount in an Acquisition
  11. Boecore acquired La Jolla Logic on 2023-05-08 for an unknown amount in an Acquisition
  12. Oura acquired Proxy on 2023-05-09 for an unknown amount in an Acquisition
  13. Pavion acquired Premier Security Solutions on 2023-05-10 for an unknown amount in an Acquisition
  14. Integrity360 acquired Netsecure Sweden AB on 2023-05-10 for an unknown amount in an Acquisition
  15. Crosspoint Capital Partners acquired Absolute Software on 2023-05-11 for 870000000 USD in an Acquisition
  16. GRO Capital acquired Curity on 2023-05-11 for an unknown amount in an Acquisition
  17. ServiceNow acquired G2K on 2023-05-12 for an unknown amount in an Acquisition
  18. The 20 MSP acquired CST on 2023-05-15 for an unknown amount in an Acquisition
  19. Exiger acquired Ion Channel on 2023-05-16 for an unknown amount in an Acquisition
  20. IBM acquired Polar Security on 2023-05-16 for 60000000 USD in an Acquisition
  21. Doyle Security Systems acquired AMS Security Plus on 2023-05-16 for an unknown amount in an Acquisition
  22. BlueAlly acquired Corporate Armor on 2023-05-17 for an unknown amount in an Acquisition
  23. Fabrick acquired Judopay on 2023-05-17 for an unknown amount in an Acquisition
  24. CISO acquired Telesat on 2023-05-20 for an unknown amount in an Acquisition
  25. Onfido acquired Airside on 2023-05-22 for an unknown amount in an Acquisition
  26. Cardone Ventures acquired Stryker Networks on 2023-05-22 for an unknown amount in an Acquisition
  27. ShareTheMeal acquired Airside on 2023-05-22 for an unknown amount in anCash & Stock Acquisition
  28. ZainTech acquired Adfolks on 2023-05-23 for an unknown amount in an Acquisition
  29. ANATOMY_IT acquired IRIS Solutions on 2023-05-26 for an unknown amount in an Acquisition
  30. Altus Fire and Life Safety acquired Crime Intervention Alarm on 2023-05-30 for an unknown amount in an Acquisition