June Cybersecurity Insights – Funding and M&A

The cybersecurity industry continued to heat up in June, with fresh funding rounds and high-stakes acquisitions shaping the future of digital defense. From early-stage startups tackling identity threats and smart contract security, to major players raising nine-figure rounds and executing strategic acquisitions.

This month saw notable activity across the funding spectrum (from Seed to Series E) as well as a wave of mergers and acquisitions aimed at consolidating capabilities across AI, network security, and threat detection. Below is a breakdown of the key funding events and M&A moves, along with links to explore the companies behind the headlines.

Funding – Seed

8Layers raise €1.5M ($1.7M) in Seed Funding | Founded in 2024, 8Layers is an artificial intelligence platform that offers cloud identity threat detection to organizations. The round was led by JME Ventures.
Dedge Security raises €4M in Seed Funding | Founded in 2023, Dedge is the first ASPM platform for Web3, delivering continuous security & automated protection for smart contracts & decentralized apps. This round was led by Tritemius.
Bonfy.AI raise $9.5M in Seed Funding | Founded in 2024, Bonfy.AI is a software company that allows users to secure from cybersecurity threats, privacy violations, and regulatory compliance issues. The round was led by TLV Partners.
Quantix EdgeS raise €19.6M in Seed Funding | Founded in 2024, Quantix EdgeS is the design and customization center for high-performance cybersecurity chips. The round was led by SETT.

Funding

Series A

Compyl raises $12M in Series A Funding | Founded in 2017, Compyl eliminates the need for multiple security tools: gain enterprise-level insights and grow w/ a scalable GRC ecosystem. This round was led by Venture Guides.
Impart Security raises $12M in Series A Funding | Founded in 2021, Impart redefines API security w/ a new approach that integrates development time insights, next gen runtime protection, & AI. This round was led by Madrona.
Infisical raises $16M in Series A Funding | Founded in 2022, Infisical is an open-source platform focused on the secure management of app secrets, certificates, SSH keys, & configurations. This round was led by Elad Gil.
Maze raise $25M in Series A Funding | Founded in 2024, Maze are a platform that uses AI agents to investigate and resolve cloud security vulnerabilities. The round was led by Theory Ventures.
Trustifi raises $25M in Series A Funding | Founded in 2017, Trustifi provides a SaaS solution that protects businesses from email vulnerabilities & compliance risks. This round was led by Camber Partners.
MIND raises $30M in Series A Funding | Founded in 2023, MIND offers an AI-driven data security platform to automate data loss prevention & insider risk management programs. This round was led by Paladin Capital Group & Crosspoint Capital Partners.

Series B

Supply Wisdom raise $14M in Series B Funding | Founded in 2017, Supply Wisdom is automating risk management, risk intelligence and monitoring on third parties and location services. The round was led by Jurassic Capital.
Conveyor raise $20M in Series B Funding | Founded in 2021, Conveyor is the leading generative AI-powered platform that automates and scales the most tedious part of the sales process: customer security reviews. The round was led by SignalFire.
Hypernative raise $40M in Series B Funding | Founded in 2022, Hypernative is a digital startup that keeps an eye on off-chain data sources and uses all its machine-learning models to accurately identify dangers to the community, economy, and governance. The round was led by Ten Eleven Ventures & Ballistic Ventures.
Guardz raise $56M in Series B Funding | Founded in 2022, Guardz is a cybersecurity company that develops an AI-native unified detection and response platform to protect small and medium-sized businesses. The round was led by ClearSky.

Series C

Zero Networks raise $55M in Series C Funding | Founded in 2019, Zero Networks automates the development and enforcement of network access rules throughout an entire network. Its tech customizes “who can access what” in a network by learning how users & machines communicate. The round was led by Highland Europe.

Series E

Cyera raise $540M in Series E Funding | Founded in 2021, Cyera is a data security company that gives businesses deep context on their data, applying proper, continuous controls to assure cyber-resilience and compliance. The round was led by Lightspeed Venture Partners, Greenoaks & Georgian.

Private Equity

Swimlane raise $45M in P/E Funding | Founded in 2014, Swimlane Swimlane is a developer of a security orchestration and response platform used to deliver security automation to organizations. The round was led by Energy Impact Partners & Activate Capital.

M&A

Truesec announce their agreement to acquire Banshie | This strategic acquisition is said to enhance Truesec’s capacity and expertise to offer their clients more comprehensive cybersecurity services delivering response times.
Bitdefender announce their agreement to acquire Mesh | This strategic move is to expand Mesh’s email security capacity capabilities.
AdaCore announce their agreement to acquire CodeSecure | This strategic acquisition is to combine their complementary strengths to deliver more robust solutions, accelerate innovation, bring even greater value to our customers, and grow as a unified company dedicated to advancing embedded software security and safety.
Securonix announce their agreement to acquire ThreatQuotient | This strategic acquisition they deliver a comprehensive, agentic AI-powered TDIR platform, giving security teams real-time, high-fidelity detection, enriched triage, and intelligent response.
Collibra announce their agreement to acquire Raito (acquired by Collibra) | This strategic acquisition integrates their capabilities into one platform, gain the ability to assign and manage data access without the need for external tools.
Liongard announce their agreement to acquire DarkLight, Inc. | This strategic acquisition of Darklight Cyio, Liongard significantly enhances its ability to provide partners with a unified, intelligence-driven approach to proactive cybersecurity.
Photon AI announce their agreement to acquire Multiven Group | This milestone deal establishes PhotonAI as the first AI company globally to integrate military-grade cyber defense across its entire AI stack, from decentralised data centres to LLM inference pipelines—delivering sovereign, secure, and scalable AI infrastructure for the continent and beyond.