We are pleased to provide you with Momentum’s Cybersecurity Snapshot for November 2022. Strategic activity for November included 81 transactions totaling $1.4B in disclosed deal values across M&A (20 transactions, $420M) and financing (61 transactions, $932M).

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 industry perspectives from Chenxi Wang and Andrew Smyth on Open Source Security and a report on Corporate Venture Capital within Cybersecurity from Ross Haleliuk.

Highlights include:

  • 20 M&A deals were announced with disclosed values of $420M (median disclosed value of $210M)
  • The acquisitions of Cider by Palo Alto Networks and Passage by 1Password led M&A activity in November
  • The most active sectors for M&A this month were: MSSP (5), Risk & Compliance (3), and Data Security (3)
  • 61 financing transactions completed with total capital raised of $932M (median amount raised of $12.0M)
  • Matter Labs’ $200M Series C, Apiiro’s $100M Series B, and Akeyless’ $65M Series B led all financing activity in November
  • The most active sectors for financings this month included: Application Security (10), Identity & Access Management (9), and Risk & Compliance (9)

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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.