Breaking down the numbers: Cybersecurity funding activity recap
Here’s a list of interesting cybersecurity companies that received funding so far in 2024.
Aim Security
January | $10 million
Aim Security raised $10 million in seed funding, led by YL Ventures, with participation from CCL (Cyber Club London), the founders of WIZ and angel investors from Google, Proofpoint and Palo Alto Networks. Aim Security was founded by cybersecurity veterans Matan Getz, CEO and Adir Gruss, CTO who pioneered the use and adoption of AI and big data tools in the IDF’s elite intelligence Unit 8200.
anecdotes
January | $25 million
anecdotes has closed $25 million in a Series B round of funding, elevating the total capital raised to $55 million. Notably, Vertex and DTCP have joined as new investors, underscoring their belief in anecdotes’ enterprise offering and the motion of global expansion.
Alethea
April | $20 million
Alethea closed a $20 million Series B funding round led by GV, with participation from Ballistic Ventures, who led Alethea’s Series A funding in 2022. Also participating in the round is Hakluyt Capital, which invests alongside leading venture capital funds, targeting companies with high growth potential and international ambitions.
Axonius
March | $200 million
Axonius has secured $200 million in a Series E extension funding round led by Accel and Lightspeed Venture Partners. The company crossed $100 million in annual recurring revenue in 2023 as it continues to expand its customer base, which includes more than a dozen of the Fortune 500 and global organizations such as Schneider Electric, News Corp, and Anheuser-Busch InBev.
BforeAI
April | $15 million
BforeAI has secured $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City.
BigID
March | $60 million
BigID closed a $60 million growth round led by Riverwood Capital with participation by Silver Lake Waterman and Advent. With this latest funding, BigID aims to accelerate both organic and inorganic expansion in AI data security and compliance.
Bugcrowd
February | $102 million
Bugcrowd has secured $102 million in strategic growth funding to scale its AI-powered crowdsourced security platform offerings globally. Led by General Catalyst, with participation from longtime existing investors Rally Ventures and Costanoa Ventures, this funding round underscores investor confidence in the company’s leadership position in the crowdsourced security market.
CyberSaint
March | $21 million
CyberSaint has raised $21 million in Series A funding led by Riverside Acceleration Capital. Additional participating investors include Sage Hill Investors, Audeo Capital, and BlueIO. The funding will build on customer momentum, accelerate market expansion, and continue the innovation of CyberSaint’s CyberStrong platform powered by its patented AI technology.
Defense Unicorns
March | $33 million
Defense Unicorns has raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital. Defense Unicorns enables continuous delivery of software and AI applications in any environment. Most notably, the company’s technology is able to deploy to air gapped environments – environments that are typically disconnected from the internet.
Dropzone AI
April | $16.85 million
Dropzone AI has raised $16.85 million in Series A funding. Theory Ventures led the round, adding to their cohort of existing investors Decibel Partners, Pioneer Square Ventures, and In-Q-Tel (IQT).
Incognia
January | $31 million
Incognia has closed $31 million in Series B funding led by Bessemer Venture Partners, with participation from FJ Labs and existing investors, including Point72 Ventures, Prosus, and Valor Capital.
Nagomi Security
April | $30 million
Nagomi Security emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools. The company operated in stealth mode with Seed funding from Team8, and the recent round was led by TCV, with participation from CrowdStrike Falcon Fund and Okta Ventures.
NinjaOne
February | $231.5 million
NinjaOne raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake; and Amit Agarwal, President of Datadog; among others also invested in the round. NinjaOne is a founder-led business that has accelerated every year since its first customer, evidenced by a 70+ percent ARR growth rate in 2023. This minority investment valued the company at $1.9 billion.
Nozomi Networks
March | $100 million
Nozomi Networks raised a $100 million Series E funding round to help accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally. This latest round includes investments from Mitsubishi Electric and Schneider Electric.
Oleria
January | $33.1 million
Oleria has raised $33.1 million in a Series A funding round. This latest investment, which brings the company’s total funding to over $40 million, is led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler.
Permit.io
February | $8 million
Permit.io raised $8 million in Series A funding, led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors, to ensure application developers never have to build permissions again.
Prompt Security
January | $5 million
Prompt Security launched from stealth and announced $5 million in seed funding. The round was led by Hetz Ventures with participation from Four Rivers and prominent angels including CISOs at Elastic, and Dolby.
Prophet Security
April | $11 million
Prophet Security emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors.
PVML
April | $8 million
PVML raised $8 million in seed funding led by NFX with participation from FJ Labs and Gefen Capital. PVML democratizes secure access to enterprise data, based on two pillars: Differential Privacy and AI.
Seal Security
February | $7.4 million
Seal Security has emerged from stealth with a $7.4 million seed funding round led by Vertex Ventures Israel, with participation from Crew Capital, PayPal Alumni Fund, and Cyber Club London. Seal Security provides organizations with centralized control over the vulnerability patching process—without requiring involvement from R&D— reducing the MTTR from months to hours.
Simbian
April | $10 million
Simbian emerged from stealth mode with oversubscribed $10 million seed funding to deliver on fully autonomous security. Simbian has received initial investment from security and AI-focused investors Cota Capital, Icon Ventures, Firebolt and Rain Capital.
StrikeReady
April | $12 million
StrikeReady has received $12 million in Series A funding, led by 33N Ventures, with participation from Hitachi Ventures, Monta Vista Capital and industry luminaries Brian NeSmith, executive chairman and former CEO at Arctic Wolf; and Rod Beckstrom, former CEO of ICANN and Founding Director of U.S. National Cybersecurity Center (now CISA).
Sublime Security
April | $20 million
Sublime Security has raised $20 million in Series A funding, led by Index Ventures with participation from previous investors Decibel Partners and Slow Ventures.
Sweet Security
March | $33 million
Six months after coming out of stealth, Sweet Security announced a $33 million Series A funding round. The round was led by Evolution Equity Partners, joined by Munich Re Ventures and Glilot Capital Partners.
Vicarius
January | $30 million
Vicarius raised a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). The company’s total funding, including investments from previous investors such as JVP, is now over $56 million. The vulnerability management market is expected to grow to over $21 billion by 2028.