We are pleased to provide you with Momentum’s Cybersecurity Snapshot for July 2023. Strategic activity for July included 79 transactions totaling $4.4B in disclosed deal values across M&A (23 transactions, $3.8B) and financing (56 transactions, $631M).

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. This month’s report also features previews of Momentum’s upcoming in-depth reports on the Identity & Access Management and Application Security Testing sectors, both scheduled to release this Fall.

Highlights include:

  • 23 M&A deals were announced with disclosed values of $3.8B from 2 disclosed deals
  • The acquisitions of Imperva by Thales, Forcepoint’s G2CI Business by TPG, and Cobwebs Technologies by Spire Capital led M&A activity in July
  • The most active sectors for M&A this month were: MSSP (5), Security Consulting (4), and Network & Infrastructure Security (4)
  • 56 financing transactions completed with total capital raised of $631M (median amount raised of $7.4M)
  • OneTrust’s $150M Later Stage VC round, Netcraft’s $100M PE Growth raise, and Secure Code Warrior’s $50M Series C led all financing activity in July
  • The most active sectors for financings this month included: Risk & Compliance (10), Data Security (9), and Identity & Access Management (8)

Recent Announcements

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.