We are pleased to provide you with Momentum’s Cybersecurity Snapshot for February 2023. Strategic activity for February included 63 transactions totaling $2.8B in disclosed deal values across M&A (16 transactions, $1.5B) and financing (47 transactions, $1.3B).

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:

  • 16 M&A deals were announced with disclosed values of $1.5B from 2 disclosed deals
  • The acquisitions of Sumo Logic by Francisco Partners and Valtix by Cisco led M&A activity in February
  • The most active sectors for M&A this month were: Security Consulting (6), SecOps / IR / Threat Intel (2), and Fraud & Transaction Security (2)
  • 47 financing transactions completed with total capital raised of $1.3B (median amount raised of $7.0M)
  • SandboxAQ’s $500M Later Stage VC raise, Wiz’s $300M Series D raise, and Deepwatch’s $180M Growth raise led all financing activity in February
  • The most active sectors for financings this month included: Risk & Compliance (12), Data Security (9), and Identity & Access Management (4)

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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.