July Cybersecurity Insights – Funding and M&A

July has been another dynamic month in the cybersecurity sector, marked by record-setting funding rounds and strategic acquisitions that are reshaping the industry. From seed-stage innovators tackling emerging risks to established players securing multi-million-dollar investments for global expansion, the pace of innovation shows no signs of slowing.

M&A activity remains equally strong, as market leaders move to consolidate capabilities, address new threat vectors, and expand their service portfolios. In this report, we break down the most significant funding milestones and acquisition deals of the month, offering a snapshot of the companies and technologies driving the next chapter of cybersecurity.

Seed

Internxt raise €3.3M in Seed Funding | Founded in 2020, Internxt is an open-source cloud storage service that focuses on user privacy and security. Congrats to Fran Villalba Segarra & the rest of the team!

Cavelo raise CA$5M in Seed Funding | Founded in 2021, Cavelo helps businesses proactively reduce cybersecurity risk and achieve compliance with automated data discovery, classification and reporting. The round was led by Inovia Capital. Congrats to James Mignacca & the rest of the team!

North Pole Security raise $4M in Seed Funding | Founded in 2024, North Pole Security provides endpoint protection for macOS. It ensures the security of computers and networks. The round was led by Andreessen Horowitz. Congrats to Pete Markowsky & the rest of the team!

Maro raise $4.3M in Seed Funding | Founded in 2024, Maro enables security leaders to proactively manage human risk, including social engineering, insider attacks, human error, and unregulated AI usage. The round was led by Downing Capital Group. Congrats to Jadon Cruz Montero & the rest of the team!

StrongestLayer raise $5.2M in Seed Funding | Founded in 2024, StrongestLayer is an AI-based cybersecurity platform mainly for email security and human risk mitigation. The round was led by Sorenson Capital. Congrats to Alan LeFort & the rest of the team!

Knox raise $6.5M in Seed Funding | Founded in 2024, Knox Systems providing security solutions, including access control and surveillance systems, to enhance safety and efficiency. The round was led by Felicis. Congrats to Irina Denisenko & the rest of the team!

Cyata raise $8.5M in Seed Funding | Founded in 2024, Cyata is the control plane for AI agents – governing identity, access, and risk in real time. The round was led by TLV Partners. Congrats to Shahar Tal & the rest of the team!

Command Zero raise $10M in Seed Funding | Founded in 2021, Command Zero is an autonomous and AI-assisted cyber investigation platform that transforms security operations in complex environments. The round was led by SE Ventures, Okta Ventures & Crosspoint Capital Partners. Congrats to Dov Yoran & the rest of the team!

AirMDR raise $10.5M in Seed Funding | Founded in 2023, AirMDR uses an AI-powered virtual security analyst for investigating threats, triaging incidents, and executing responses. The round was led by Race Capital. Congrats to Kumar Saurabh & the rest of the team!

Empirical Security raise $11.9M in Seed Funding | Founded in 2024, Empirical builds mathematical models for security data. The round was led by Costanoa Ventures. Congrats to Ed Bellis & the rest of the team!

Echo raise $15M in Seed Funding | Founded in 2025, Echo is a cybersecurity platform that delivers secure cloud-native infrastructure through enterprise-grade clean container base images. The round was led by Notable Capital. Congrats to Eilon Elhadad & the rest of the team!

Series A

DynaRisk raise £3.5M in Series A Funding | Founded in 2016, DynaRisk is a cyber security company. DynaRisk combines personal risk factors with external data and algorithms to determine an individual’s level of risk online. The round was led by YFM Equity Partners. Congrats to Andrew Martin & the rest of the team!

Reach Security raise $10M in Series A Funding | Founded in 2021, Reach Security is the defensive posture management company helping organizations deliver. The round was led by M12 – Microsoft’s Venture Fund. Congrats to Garrett Hamilton & the rest of the team!

Seal Security raise $13M in Series A Funding | Founded in 2022, Seal Security seamlessly integrates with various coding languages, patch management systems, and open-source platforms through powerful APIs and CLI. The round was led by Vertex Ventures Israel. Congrats to Itamar Sher & the rest of the team!

Zip Security raise $13.5M in Series A Funding | Founded in 2022, Zip Security delivers an AI-driven cybersecurity and compliance platform for security and IT automation for small and mid-sized enterprises. The round was led by Ballistic Ventures. Congrats to Joshua Zweig & the rest of the team!

iCOUNTER raise $30M in Series A Funding | Founded in 2025, iCOUNTER has developed an intelligence capability that is solely focused on thwarting specific attacks. The round was led by SYN Ventures. Congrats to John Watters & the rest of the team!

Prophet Security raise $30M in Series A Funding | Founded in 2023, Prophet Security delivers an AI-driven security operations center (SOC) platform that automates alert triage, investigation, and response. The round was led by Accel. Congrats to Kamal Shah & the rest of the team!

Series B

Blink Ops raise $50M in Series B Funding | Founded in 2021, Blink is a security workflow automation platform designed to make building, collaborating, and scaling all things security & beyond quick and easy using generative AI. The round was led by O.G. Venture Partners. Congrats to Gil Barak & the rest of the team!

Noma Security raise $100M in Series B Funding | Founded in 2023, Noma Security is a unified platform focused on AI and agent security, enabling cybersecurity to control AI risks. The round was led by Evolution Equity Partners. Congrats to Niv Braun & the rest of the team!

Series C

Wallarm raise $55M in Series C Funding | Founded in 2016, Wallarm is an API security platform that automates real-time application protection and security testing for APIs, apps, and microservices. The round was led by Toba Capital. Congrats to Ivan Novikov & the rest of the team!

Exein raise €70M in Series C Funding | Founded in 2018, Exein is a cybersecurity company that specializes in protecting embedded devices using AI-powered threat detection technologies. The round was led by Balderton Capital. Congrats to Gianni Cuozzo & the rest of the team!

Safe Security raise $70M in Series C Funding | Founded in 2012, Safe Security provides cyber risk management solutions to quantify and manage enterprise‑wide cyber risk in real time. The round was led by Avataar Venture Partners. Congrats to Saket Modi & the rest of the team!

Series D

Virtru raise $50M in Series D Funding | Founded in 2012, Virtru provides data encryption for email and file sharing, enabling users to easily control access to their sensitive data. The round was led by ICONIQ Capital. Congrats to John Ackerly & the rest of the team!

Vanta raise $150M in Series D Funding | Founded in 2018, Vanta provides an AI-powered Trust Management Platform that automates compliance, security, and risk management for businesses. It helps companies achieve and maintain compliance with various frameworks, streamlining the audit process. The round was led by Wellington Management. Congrats to Christina Cacioppo & the rest of the team!

Series G

Cato Networks raise $359M in Series G Funding | Founded in 2015, Cato Networks is a provider of a SASE platform that enables threat prevention, data protection, and incident detection and response. The round was led by Vitruvian Partners & ION Crossover Partners. Congrats to Shlomo Kramer & the rest of the team!

M&A

LevelBlue announce their agreement to acquire Trustwave | This strategic acquisition is said to expand LevelBlue’s global managed detection and response expertise while enhancing go-to-market capabilities across federal, state, and local government markets. This acquisition positions LevelBlue to become the largest independent, pure-play Managed Security Services Provider (MSSP) globally.

Darktrace announce their agreement to acquire Mira Security | This strategic acquisition is said to strengthen Darktrace’s network security leadership by providing more insight from encrypted network traffic, more comprehensive decryption for customers in regulated industries, and help drive the next generation of Darktrace technology.

Axonius announce their agreement to acquire Cynerio | The acquisition looks to address a critical challenge for healthcare providers, where the proliferation of connected medical devices has created a vast and unprotected attack surface.

Orange Cyberdefense announce their agreement to acquire ensec | This strategic acquisition is said to expand Orange Cyberdefense’s presence in German-speaking Switzerland, complementing its existing footprint in the French-speaking part of the country.

SecurityBridge announce their agreement to acquire CyberSafe | This strategic acquisition is said with this move, they are integrating the powerful TrustBroker® products to the SecurityBridge – unlocking context-aware, seamless, and secure authentication across the SAP technology stack.

Palo Alto Networks announce their agreement to acquire CyberArk | This strategic acquisition will accelerate Palo Alto Networks’ platform strategy by establishing Identity Security as a new core platform.

Find out more about the companies mentioned in this article:

Seed