All the fundraising deals in the cybersecurity market (from Q2 2025 to Q2 2026)
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In our cybersecurity market deck, you will find everything you need to understand the market
The cybersecurity market raised about $6.58 billion across 89 disclosed funding rounds from Q2 2025 to Q2 2026.
Cybersecurity funding remained active throughout the period, but a few large rounds caused major changes in quarterly totals.
Identity security, AI security, security operations, and software supply chain protection attracted some of the largest investments.
And if you want to better understand this new industry, you can download our pitch covering the cybersecurity market.
Insights
- The cybersecurity market raised $6.58 billion across 89 disclosed rounds, but the ten largest transactions captured 52.3% of the total funding.
- Q1 2026 recorded the highest cybersecurity funding total at $1.95 billion, even though no single round exceeded $250 million.
- Q4 2025 was the most concentrated quarter because Saviynt’s $700 million round represented 72.1% of all cybersecurity funding that quarter.
- Q2 2026 produced nine rounds above $50 million, including Cyera’s $600 million round and Dream’s $260 million financing.
- The average cybersecurity funding round increased from $47.6 million in Q3 2025 to more than $75 million in both Q1 and Q2 2026.
- AI security became a major investment theme as companies raised capital to secure AI agents, AI applications, enterprise data, and automated security workflows.
- Identity security expanded beyond employee passwords to include machine accounts, service credentials, software agents, and other non-human identities.
- Application security investors increasingly backed platforms that fix vulnerabilities, rather than platforms that only identify and report security weaknesses.
- Managed cybersecurity services continued to attract large rounds because enterprises want faster detection and response without building larger internal security teams.
- Q3 2025 was the smallest quarter, but its eight disclosed rounds still included three transactions above $50 million.
This market map, featured in our cybersecurity market deck, highlights top companies and startups in the cybersecurity market
Summary table of the funding deals in the cybersecurity market (last 5 quarters)
We define the cybersecurity market as the set of technologies and services whose primary purpose is to protect digital systems, data, and users from cyber threats.
We include security software, such as identity, endpoint, network, cloud, application, and data security, as well as dedicated cybersecurity services.
We exclude general IT infrastructure and services unless the products are specifically designed and marketed as cybersecurity offerings.
You can also read our detailed analysis to understand how funding activity in the cybersecurity market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the cybersecurity market.
| Name | What they do | Amount in $ | Quarter |
|---|---|---|---|
| ThreatSpike | Provides managed threat detection, monitoring, and security operations services. | $14.0M | Q2 2025 |
| Dedge Security | Protects blockchain applications through Web3 risk monitoring and security controls. | $4.4M | Q2 2025 |
| Pixee | Uses AI to identify, prioritize, and automatically repair application vulnerabilities. | $15.0M | Q2 2025 |
| Minimus | Creates secure container images with fewer unnecessary components and vulnerabilities. | $51.0M | Q2 2025 |
| ReliaQuest | Provides managed threat detection, investigation, and automated security response. | $500.0M | Q2 2025 |
| Tailscale | Provides identity-based private networking for distributed employees, applications, and infrastructure. | $160.0M | Q2 2025 |
| SquareX | Protects employees from malicious websites, files, browsers, and online attacks. | $20.0M | Q2 2025 |
| VanishID | Removes exposed personal information that attackers could use against employees. | $10.0M | Q2 2025 |
| Kenzo Security | Uses AI agents for threat investigations, hunting, and detection engineering. | $4.5M | Q2 2025 |
| Hopper Security | Finds application and API weaknesses that attackers could realistically exploit. | $7.6M | Q2 2025 |
| Terra Security | Continuously tests applications, APIs, networks, and AI systems for weaknesses. | $8.0M | Q2 2025 |
| Reco | Protects employee access, sensitive data, and AI activity across SaaS applications. | $25.0M | Q2 2025 |
| Sentra | Discovers, classifies, and protects sensitive information across cloud and SaaS systems. | $50.0M | Q2 2025 |
| Push Security | Detects browser-based identity attacks and risky employee use of SaaS applications. | $30.0M | Q2 2025 |
| Miggo Security | Detects and blocks attacks against business applications while the applications are running. | $17.0M | Q2 2025 |
| Jericho Security | Trains employees to recognize phishing, deepfakes, and social engineering attacks. | $15.0M | Q2 2025 |
| Endor Labs | Protects software dependencies, containers, and development pipelines from security risks. | $93.0M | Q2 2025 |
| AuthMind | Monitors identity activity to detect suspicious access and account-based attacks. | $19.3M | Q2 2025 |
| Exaforce | Automates threat detection, investigations, hunting, and incident response with AI. | $75.0M | Q2 2025 |
| Chainguard | Protects software supply chains with hardened containers and secure open-source components. | $356.0M | Q2 2025 |
| Clutch Security | Protects machine identities, credentials, secrets, and access used by AI agents. | $20.0M | Q2 2025 |
| Adaptive Security | Trains employees against AI phishing, deepfakes, and advanced social engineering. | $43.0M | Q2 2025 |
| Vega | Uses federated analytics and AI to detect security threats across distributed systems. | $65.0M | Q3 2025 |
| Koi | Protects endpoints from risky extensions, software packages, containers, and AI models. | $38.0M | Q3 2025 |
| Tidal Cyber | Maps enterprise security controls against the techniques used by real attackers. | $10.0M | Q3 2025 |
| 1Kosmos | Provides biometric identity verification, authentication, and passwordless enterprise access. | $47.0M | Q3 2025 |
| Safe Security | Measures enterprise cyber risk and helps companies manage third-party exposure. | $70.0M | Q3 2025 |
| Noma Security | Secures enterprise AI models, agents, applications, and development workflows. | $100.0M | Q3 2025 |
| Seal Security | Automatically creates security fixes for vulnerable open-source software components. | $13.0M | Q3 2025 |
| Legion | Uses AI agents to learn and automate security investigation workflows. | $38.0M | Q3 2025 |
| Gambit Cyber | Uses AI to identify cyber risks and improve enterprise threat exposure management. | $3.4M | Q4 2025 |
| Echo | Uses AI agents to build secure container images with fewer vulnerabilities. | $35.0M | Q4 2025 |
| Saviynt | Governs access for employees, privileged users, machines, and AI agents. | $700.0M | Q4 2025 |
| 7AI | Uses AI agents to investigate security alerts and automate incident response. | $130.0M | Q4 2025 |
| Opti | Automates identity governance, employee account lifecycles, and access management. | $20.0M | Q4 2025 |
| Method Security | Builds autonomous tools for offensive testing and cyber resilience exercises. | $26.0M | Q4 2025 |
| Mate | Uses AI agents to investigate and resolve security incidents for enterprises. | $15.5M | Q4 2025 |
| Matters.AI | Uses AI to protect enterprise data across employees, applications, and devices. | $6.25M | Q4 2025 |
| Glide Identity | Provides passwordless authentication and digital identity verification for enterprises. | $20.0M | Q4 2025 |
| Realm.Security | Filters and routes security data for modern security operations centers. | $15.0M | Q4 2025 |
| Censys | Provides internet intelligence and visibility into external enterprise attack surfaces. | $70.0M | Q1 2026 |
| Huskeys | Helps security teams manage security tools across distributed edge environments. | $8.0M | Q1 2026 |
| Onit Security | Finds and prioritizes enterprise security exposures that require urgent attention. | $11.0M | Q1 2026 |
| Allure Security | Detects and removes online impersonation, fake websites, and brand abuse. | $17.0M | Q1 2026 |
| Eclypsium | Protects enterprise devices, firmware, hardware, and technology supply chains. | $25.0M | Q1 2026 |
| Cape | Protects consumers, enterprises, and governments from cellular network security threats. | $100.0M | Q1 2026 |
| Raven | Monitors running applications to detect unusual behavior and prevent attacks. | $20.0M | Q1 2026 |
| 1stProtect | Verifies user intent before allowing potentially dangerous actions on endpoints. | $20.0M | Q1 2026 |
| Oasis Security | Secures non-human identities and access used by autonomous AI agents. | $120.0M | Q1 2026 |
| Manifold | Detects risks created by autonomous AI systems operating on employee devices. | $8.0M | Q1 2026 |
| Native | Provides a central security control system for enterprise cloud environments. | $42.0M | Q1 2026 |
| XBOW | Uses autonomous AI to find and confirm exploitable software vulnerabilities. | $120.0M | Q1 2026 |
| Tracebit | Uses cloud-based deception systems to detect attackers inside enterprise environments. | $20.0M | Q1 2026 |
| Surf AI | Provides AI agents that support enterprise security operations teams. | $57.0M | Q1 2026 |
| Bold Security | Uses local AI agents to protect endpoints and employee actions. | $40.0M | Q1 2026 |
| Jazz | Prevents sensitive enterprise information from leaking through users and AI systems. | $43.0M | Q1 2026 |
| Armadin | Uses AI-powered red teams to find and exploit security weaknesses. | $189.9M | Q1 2026 |
| Fig Security | Monitors security data flows to find missing or silently failing controls. | $38.0M | Q1 2026 |
| VulnCheck | Provides vulnerability and exploit intelligence to enterprises and government agencies. | $25.0M | Q1 2026 |
| Corelight | Provides network detection and response using detailed open network data. | $40.0M | Q1 2026 |
| Snyk | Helps software developers find and fix application security vulnerabilities. | $100.0M | Q1 2026 |
| Vega Security | Uses analytics and AI to detect cyber threats across enterprise environments. | $120.0M | Q1 2026 |
| Upwind | Protects cloud workloads through real-time threat detection and risk prioritization. | $250.0M | Q1 2026 |
| Outtake | Uses AI agents to detect impersonation, fraud, and digital trust threats. | $40.0M | Q1 2026 |
| TENEX.AI | Provides AI-native managed threat detection and response with human support. | $250.0M | Q1 2026 |
| Island | Builds enterprise security, access, and data controls directly into a browser. | $175.0M | Q1 2026 |
| Straiker | Protects enterprise AI agents by monitoring access, behavior, and security risks. | $64.0M | Q2 2026 |
| Nebulock | Uses AI for threat hunting, behavioral analysis, and proactive attack detection. | $25.0M | Q2 2026 |
| Runlayer | Provides a secure control layer for enterprise AI tools and agents. | $30.0M | Q2 2026 |
| Mitigata | Combines cybersecurity risk management, resilience services, and cyber insurance support. | $15.0M | Q2 2026 |
| Dream | Provides AI-powered cyber defense for governments and critical infrastructure operators. | $260.0M | Q2 2026 |
| Twenty | Develops cyber operations technology for advanced security and national defense missions. | $100.0M | Q2 2026 |
| Tenet Security | Detects and prevents dangerous actions performed by autonomous AI agents. | $6.0M | Q2 2026 |
| Ent | Stops risky endpoint actions by understanding user and AI-agent intent. | $100.0M | Q2 2026 |
| NewCore | Provides identity security for employees, machines, services, and AI agents. | $66.0M | Q2 2026 |
| Aryon Security | Enforces consistent security controls across complex enterprise technology environments. | $29.0M | Q2 2026 |
| Cyera | Discovers, classifies, and protects sensitive enterprise information using AI. | $600.0M | Q2 2026 |
| A Security | Automates offensive security testing to identify weaknesses that attackers could exploit. | $37.0M | Q2 2026 |
| Emphere | Uses AI to help software teams understand and repair security vulnerabilities. | $2.1M | Q2 2026 |
| Opal Security | Uses AI to manage enterprise identities, permissions, and employee access. | $23.0M | Q2 2026 |
| Willow | Secures the access permissions used by autonomous enterprise AI agents. | $7.0M | Q2 2026 |
| Offroad | Uses autonomous agents to identify and reduce enterprise identity risks. | $7.0M | Q2 2026 |
| Geordie | Helps enterprises secure, monitor, and govern their artificial intelligence systems. | $30.0M | Q2 2026 |
| Lastwall | Provides identity protection designed to resist attacks from future quantum computers. | $11.5M | Q2 2026 |
| RevEng.AI | Uses AI to find vulnerabilities and hidden backdoors inside software binaries. | $15.0M | Q2 2026 |
| Exaforce | Uses AI to detect, investigate, and stop enterprise cyberattacks in real time. | $125.0M | Q2 2026 |
| Chainguard | Protects software supply chains with secure containers and open-source components. | $61.0M | Q2 2026 |
| Linx Security | Provides identity security and governance for enterprise access permissions. | $50.0M | Q2 2026 |
| Depthfirst | Builds AI security models for software vulnerabilities and smart-contract risks. | $80.0M | Q2 2026 |
In our cybersecurity market deck, we identify pain points entrepreneurs should prioritize
How has funding activity in the cybersecurity market changed over time?
Q1 2026 was the most active quarter by total funding, with $1.95 billion raised across 26 rounds and no single deal dominating the result.
Q3 2025 was the least active quarter, with eight disclosed deals raising a combined $381 million.
Cybersecurity funding decreased by 10.5% from Q1 2026 to Q2 2026, but Q2 2026 funding was 13.4% higher than in Q2 2025.
Without the largest one or two deals, the cybersecurity market shows a more stable funding pattern. Q4 2025 becomes much smaller because Saviynt accounted for most of that quarter’s capital.
| Quarter | Number of deals | Total raised ($) | Comment |
|---|---|---|---|
| Q2 2025 | 22 | $1.54B | ReliaQuest and Chainguard generated more than half of the quarter’s cybersecurity funding. |
| Q3 2025 | 8 | $381M | Noma Security led a quieter quarter with fewer disclosed cybersecurity transactions. |
| Q4 2025 | 10 | $971M | Saviynt’s $700 million financing created most of the quarterly funding total. |
| Q1 2026 | 26 | $1.95B | Several large rounds created a broad quarter without one dominant transaction. |
| Q2 2026 | 23 | $1.74B | Cyera led strong investment in data security, AI security, and security operations. |
| All quarters | 89 | $6.58B | The cybersecurity market maintained strong activity across five consecutive quarters. |
This chart, included in our cybersecurity market deck, breaks down CrowdStrike’s playbook in cybersecurity
Which startups in the cybersecurity market raised the largest rounds over the last months?
These startups raised the most recently in the cybersecurity market:
- Cyera raised $600 million because enterprises need stronger controls for sensitive information used across cloud platforms and AI applications.
- Dream raised $260 million to expand AI-powered cyber defense for governments, national infrastructure, and other high-risk organizations.
- Exaforce raised $125 million to expand an AI security platform that automates threat detection, investigation, and response.
- Ent raised $100 million to protect endpoints from dangerous actions performed by employees and autonomous AI agents.
- Twenty raised $100 million to develop cyber operations technology for advanced security and defense missions.
- Depthfirst raised $80 million to build specialized AI models that identify software and smart-contract security weaknesses.
- NewCore raised $66 million to secure access for employees, machines, applications, and AI agents.
- Straiker raised $64 million to protect enterprise AI agents by monitoring their access, behavior, and security risks.
- Chainguard raised $61 million to expand its secure software supply chain products and hardened container images.
- Linx Security raised $50 million to automate identity governance and reduce excessive enterprise access permissions.
And, yes, we do cover most of them in our our beautiful pitch about the cybersecurity market.
You may also want to check our ranking of the most funded startups in the cybersecurity market as well as our list of the most valued startups.
This chart, included in our cybersecurity market deck, illustrates yearly funding for cybersecurity startups
Is the cybersecurity market shifting toward smaller or bigger deals?
The average cybersecurity funding round was about $74 million across the five-quarter period.
The quarterly average ranged from $47.6 million in Q3 2025 to $97.1 million in Q4 2025. Saviynt’s $700 million round caused the high Q4 2025 average.
Without the largest transactions, the cybersecurity market shows a steady base of rounds between approximately $10 million and $50 million.
| Quarter | Number of deals | Average deal size | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q2 2025 | 22 | $69.9M | 0 | 6 |
| Q3 2025 | 8 | $47.6M | 0 | 3 |
| Q4 2025 | 10 | $97.1M | 0 | 2 |
| Q1 2026 | 26 | $75.0M | 0 | 11 |
| Q2 2026 | 23 | $75.8M | 0 | 9 |
| All quarters | 89 | $74.0M | 0 | 31 |
This chart, included in our cybersecurity market deck, compares the main business model options for XDR and MDR cybersecurity vendors
How concentrated was funding activity in the cybersecurity market?
Cybersecurity funding was highly concentrated in several quarters. The largest deal represented between 12.8% and 72.1% of quarterly funding.
Q1 2026 was the most balanced quarter because its three largest rounds represented only 35.4% of the cybersecurity funding total.
| Quarter | Number of deals | % by Top 1 | % by Top 3 | % by Top 10 |
|---|---|---|---|---|
| Q2 2025 | 22 | 32.5% | 66.1% | 89.9% |
| Q3 2025 | 8 | 26.2% | 61.7% | 100.0% |
| Q4 2025 | 10 | 72.1% | 89.1% | 100.0% |
| Q1 2026 | 26 | 12.8% | 35.4% | 76.7% |
| Q2 2026 | 23 | 34.4% | 56.5% | 86.4% |
| All quarters | 89 | 10.6% | 27.3% | 52.3% |
This chart, featured in our cybersecurity market deck, illustrates revenue distribution by customer segment in the cybersecurity market
Which categories in the cybersecurity market received the most funding?
Identity security captured approximately 29% of the tracked funding because enterprises must manage access for employees, machines, applications, and AI agents.
AI security and security operations captured approximately 27% as companies invested in automated detection, investigations, and incident response.
Application and software supply chain security captured approximately 21% because software companies need to prevent vulnerabilities from reaching production systems.
| Category name | Number of deals | Total raised ($) | Startups and amount |
|---|---|---|---|
| Identity security | 21 | ~$1.91B | Saviynt ($700M), Tailscale ($160M), Oasis Security ($120M), NewCore ($66M), Linx Security ($50M), 1Kosmos ($47M), and other identity startups. |
| AI security and security operations | 25 | ~$1.78B | Dream ($260M), TENEX.AI ($250M), Exaforce ($200M across two rounds), 7AI ($130M), Noma Security ($100M), and other AI security platforms. |
| Application and software supply chain security | 20 | ~$1.39B | Chainguard ($417M across two rounds), XBOW ($120M), Snyk ($100M), Endor Labs ($93M), Depthfirst ($80M), and other application security startups. |
This chart, included in our cybersecurity market deck, shows how identity verification platform technology has evolved over time
Who are the biggest investors in the cybersecurity market?
Accel was one of the most active disclosed investors, participating in several identity, networking, and cybersecurity platform rounds.
Bessemer Venture Partners backed multiple cybersecurity startups, including companies focused on endpoint protection, cyber resilience, and identity security.
Greylock participated in large AI security and cloud security rounds, giving the investor one of the highest aggregate funded totals.
SYN Ventures remained active across application security, browser security, runtime protection, and security testing.
Ten Eleven Ventures continued to back specialist cybersecurity companies across vulnerability intelligence, identity, and endpoint protection.
Insight Partners participated in growth-stage cybersecurity rounds involving established enterprise platforms.
Battery Ventures invested across enterprise identity security, cloud security, and security operations.
Menlo Ventures backed cybersecurity companies focused on artificial intelligence and enterprise identity risks.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. “Total funded” does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($) | Startups |
|---|---|---|---|
| Accel | 4 | ~$455M | Tailscale, Oasis Security, Island, and other disclosed cybersecurity investments |
| Greylock | 3 | ~$500M | Upwind, 7AI, and other AI-native cybersecurity companies |
| Bessemer Venture Partners | 3 | ~$102M | Bold Security, Mitigata, and 1Kosmos |
| SYN Ventures | 3 | ~$45M | Terra Security, SquareX, and Miggo Security |
| Ten Eleven Ventures | 3 | ~$110M | VulnCheck, Koi, and other cybersecurity startups |
| Insight Partners | 2 | ~$170M | Censys and other enterprise cybersecurity platforms |
| Battery Ventures | 2 | ~$95M | Aryon Security and other enterprise security companies |
| Menlo Ventures | 2 | ~$150M | Noma Security and other identity security companies |
This chart, included in our cybersecurity market deck, shows how ransomware pressure has driven growth in the cybersecurity market over time
Related blog posts
- An overview of funding deals in the cybersecurity market
- The startups that have raised the most funding in cybersecurity
- How strong is fundraising in the cybersecurity market right now?
