We are pleased to provide you with Momentum’s Cybersecurity Market Review for Q1 2023. Strategic Activity in Q1 2023 included 227 transactions totaling $8.8B in deal value across M&A (57 transactions, $5.7B) and Financing (170 transactions, $3.1B).

Each month we provide you with an update on the dynamic Cybersecurity landscape. We highlight M&A activity, Venture Capital, Initial Public Offerings, public market valuations, sector trends and unique industry perspectives.

Highlights include:

  • 57 M&A deals were announced with disclosed values of $5.7B (median disclosed value of $125M)
  • The acquisitions of SK Shieldus by EQT Partners for $2.2B, Sumo Logic by Francisco Partners for $1.4B, and Magnet Forensics by Thoma Bravo for $1.1B highlighted M&A activity for Q1 2023
  • The most active sectors for M&A in Q1 2023 included: Security Consulting & Services (14), Risk & Compliance (8), SecOps / IR / Threat Intel (8), and MSSP (7)
  • 170 financing transactions completed with total capital raised of $3.1B (median amount raised of $7.0M)
  • SandboxAQ’s $500M Later Stage VC raise, Netskope’s $401M Convertible Note raise, and Wiz’s $300M Series D raise led all financing activity for Q1 2023
  • The most active sectors for financings in the Q1 2023 included: Risk & Compliance (32), Data Security (22), SecOps / IR / Threat Intel (16), and Identity & Access Management (15)

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Momentum Cyber is the premier trusted advisor to the Cybersecurity industry providing bespoke high-impact advice combined with tailored, senior-level access. The firm was founded by world-class operators and advisors and caters to the unique needs of both earlier stage Founders, CEOs, & Boards as well as the complexity of later stage & public companies throughout their lifecycle. Headquartered in San Francisco with operations globally, the founding team has closed over 250 transactions totaling over $250 billion in value.