We are pleased to provide you with Momentum’s Cybersecurity Snapshot for May 2023. Strategic activity for May included 72 transactions totaling $1.5B in disclosed deal values across M&A (20 transactions, $1.2B) and financing (52 transactions, $299M).

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:

  • 20 M&A deals were announced with disclosed values of $1.2B from 5 disclosed deals
  • The acquisitions of Absolute Software by Crosspoint Capital, Polar Security by IBM, and Armorblox by Cisco led M&A activity in May
  • The most active sectors for M&A this month were: Security Consulting (4), MSSP (4), and Identity & Access Management (2)
  • 52 financing transactions completed with total capital raised of $299M (median amount raised of $4.2M)
  • Huntress’s $60M Series C, Magic’s $52M Strategic Funding Round, and’s $38M Series A led all financing activity in May
  • The most active sectors for financings this month included: Risk & Compliance (11), Data Security (9), and Fraud & Transaction Security (6)

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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.