The cybersecurity sector continues to see strong momentum as we head into the summer, with May delivering a surge in funding activity across all stages, from seed to Series D, as well as a flurry of strategic acquisitions. Startups focusing on AI security, identity governance, quantum tech, and cloud infrastructure drew significant investor attention, signaling ongoing demand for innovation in core security areas.
Whether you’re tracking the latest funding rounds, scouting innovative startups, or analyzing consolidation trends, this month’s roundup offers a snapshot of where the cybersecurity landscape is heading next.
Funding
Seed
Unbound Security raise $4M in Seed Funding | Founded in 2023, Unbound Security specializes in providing solutions that allow employees to securely use AI tools while protecting company secrets. The round was led by Race Capital. Congrats to Rajaram Srinivasan, Vignesh Subbiah & the rest of the team!
Tensor9 raise $4M in Seed Funding | Founded in 2023, Tensor9 is a data security company. Tensor9 helps software and AI vendors run their products inside their customer’s cloud — so sensitive customer data stays private. The round was led by Wing Venture Capital. Congrats to Michael Ten-Pow & the rest of the team!
Pixee raise $15M is Seed Funding | Founded in 2022, Pixeebot fixes vulnerabilities, hardens code, squashes bugs, and gives engineers more time to focus on the work that counts by conveniently delivering solutions as a pull request. The round was led by Wing Venture Capital & Decibel Partners. Congrats to Arshan Dabirsiaghi, Surag Patel & the rest of the team!
Minimus raise $51M in Seed Funding | Founded in 2022, The Minimus platform may assist businesses in achieving an instant reduction in vulnerability exposure with just one modification to deployment configurations, greatly speeding up the remaining remediation efforts. This round was led by YL Ventures & Mayfield Fund. Congrats to Ben Bernstein, Dima Stopel, John Morello & the rest of the team!
Series A
Bright Security raise $1M in Series A Funding | Founded in 2018, Bright Security is an AI -powered application security platform that integrates application security into SDLC. The round was led by Toloka.vc. Congrats to Gadi Bashvitz, Bar Hofesh, Shoham Cohen & the rest of the team!
Qnu Labs raise 60 crore ($7 million) in Series A funding | Founded in 2016, QNu Labs is the first and only Indian company to develop Quantum cyber-security products using Quantum Key Distribution (QKD) Technology. The round was led by National Quantum Mission. Congrats to Srinivasa Rao Aluri, Sunil Gupta & the rest of the team!
Pistachio raise $7M in Series A Funding | Founded in 2019, Pistachio offers automated cybersecurity awareness training designed to build a resilient security culture within organizations. The round was led by Walter Ventures. Congrats to Joe Jones, Mohammed Awais & the rest of the team!
Clarity Security raise $9M in Series A Funding |Founded in 2020, Clarity Security is an IGA platform that eliminate the need for employees to become SMEs in every facet of a company’s tech stack. The round was led by Venture Guides. Congrats to Alexis Moyse & the rest of the team!
LayerX raise $11M in Series A funding | Founded in 2021, LayerX is a provider of a browser security platform that turns any browser into a secure and manageable workspace by providing real-time monitoring and governance over users’ activities on the web, protecting the enterprise’s applications, data, and devices from web-borne risks. The round was led by Jump Capital. Congrats to Or Eshed, David Vaisbrud & the rest of the team!
NetFoundry raise $12M in Series A funding | Founded in 2017, NetFoundry provides a software-defined networking platform focused on zero trust architecture. The round was led by SYN Ventures. Congrats to Galeal Zino, David Hart & the rest of the team!
Memority raise $13M in Series A Funding | Founded in 2002, Memority is a software company that focuses on developing the Identity Factory Memority, a Software as a Service (SaaS) platform. The round was led by Tikehau Capital. Congrats to Gilles Castéran, Francis Grégoire & the rest of the team!
ClearVector raise $13M in Series A Funding | Founded in 2020, ClearVector is an identity-driven cloud security company providing organizations with tools to prepare for, measure, and prevent the impact of cyberattacks and breaches. The round was led by Scale Venture Partners. Congrats to John Laliberte & the rest of the team!
BreachRx raise €15M in Series A Funding | Founded in 2020, BreachRx is an intelligent incident response platform that generates tailored response plans and provides targeted guidance to stakeholders. The round was led by Ballistic Ventures. Congrats to Andy Lunsford, Matt Hartley & the rest of the team!
Theom raise $20M in Series A Funding| Founded in 2020, Theom is an IT company that provides an AI-native data operations center platform to discover, track, and protect enterprise data in cloud environments. The round was led by Wing Venture Capital. Congrats to Navindra Yadav, Ravi Sankuratri, Farid Jiandani & the rest of the team!
Series B
Doppel raise $35M in Series B Funding | Founded in 2022, Doppel is a security platform that focuses on digital risk protection and social engineering defense. The round was led by Bessemer Venture Partners. Congrats to Kevin Tian & Rahul Madduluri & the rest of the team!
Cerby raise $40M in Series B Funding | Founded in 2020, Cerby is the identity automation platform purpose-built to secure disconnected applications—those that fall outside the reach of traditional identity security tools. The round was led by DTCP. Congrats to Belsasar Lepe, Vidal González & the rest of the team!
OX Security raises $60M in Series B Funding | Founded in 2021, Ox Security is an application security platform that helps organizations manage software security throughout the development lifecycle. The round was led by DTCP. Congrats to Neatsun Ziv, Lior Arzi & the rest of the team!
Series C
CAST AI raise $108M in Series C Funding | Founded in 2019, CAST AI is the leading Kubernetes automation platform that goes beyond monitoring clusters and making recommendations. The round was co-led by SoftBank Vision Fund & G2 Venture Partners. Congrats to Yuri Frayman, Leon Kuperman & the rest of the team!
Series D
Veza raise $108M in Series D funding | Founded in 2020, Veza is the data security platform that helps users use and share their data safely. It makes it easy to understand, manage, and control who can and should take what action on what data. The round was led by New Enterprise Associates. Congrats to Tarun Thakur, Dr. Maohua Lu & the rest of the team!
M&A
Cognyte announce their agreement to acquire GroupSense | this strategic acquisition will help to expand Cognyte’s customer base and growth potential.
Fortinet announce their agreement to acquire Suridata | |The acquisition is intended to strengthen Fortinet’s Unified SASE (Secure Access Service Edge) offerings. Suridata’s SSPM capabilities will be integrated to enhance visibility and control over SaaS environments, often a weak spot in enterprise security strategies.
JumpCloud announce their agreement to acquire Vault One | JumpCloud’s acquisition furthers its goal to simplify IT operations across a secure access control platform for today’s global workforce.
Check Point Software Technologies announce their agreement to acquire Veriti | This strategic acquisition is set to advance Check Point’s threat management.
Limerston Capital announce their agreement to acquire Cybercrowd | This acquisition is to create a new platform business alongside assets from an earlier cyber security acquisition that aims to create one of the UK’s leading providers of cyber security and digital forensics services, for both public and private sector clients.
Zscaler announce their agreement to acquire Red Canary | This acquisition will combine automation, threat intelligence and human expertise through AI-driven workflows.
Tenable announce their agreement to acquire APEX | This acquistion will strengthen Tenable’s ability to help organizations identify and reduce cyber risk in a world increasingly shaped by artificial intelligence.
CPX announces their agreement to acquire spiderSilk | The acquisition combines CPX’s trusted end-to-end expertise in threat detection, analysis, and remediation with spiderSilk’s product-led innovation and AI-driven technologies. Together, they aim to offer organizations more intelligent, integrated and agile solutions to defend against today’s most complex cyberthreats.
Palo Alto Networks announce their agreement to acquire Protect AI | Protect AI’s solutions and team of experts will enable Palo Alto Networks to more quickly and comprehensively accelerate its vision for Prisma AIRS, the industry’s most complete AI security platform, also announced recently.
Upwind Security announce their agreement to acquire Nyx Security | This strategic acquistion marks a significant milestone in Upwind’s growth strategy, allowing the company to accelerate its expansion into the runtime security space.
Find out more about the companies mentioned in this article:
Seed
- Minimus: https://www.minimus.ai/
- Pixee: https://www.pixee.ai/
- Tensor9: https://www.tensor9.ai/
Series A
- BreachRx: https://www.breachrx.com/
- Bright Security: https://brightsec.com/
- Clarity Security: https://www.claritysecurity.io/
- ClearVector: https://www.clearvector.com/
- LayerX: https://layerxsecurity.com/
- Memority: https://memority.com/
- NetFoundry: https://netfoundry.io/
- Pistachio: https://www.getpistachio.com/
- QNu Labs: https://www.qnulabs.com/
- Theom: https://www.theom.ai/
Series B
- Cerby: https://www.cerby.com/
- Doppel: https://www.doppel.com/
- OX Security: https://www.ox.security/
Series C
- CAST AI: https://cast.ai/
Series D
- Veza: https://www.veza.com/
M&A
- Check Point Software Technologies (acquired Veriti): https://www.checkpoint.com/
- Cognyte (acquired GroupSense): https://www.cognyte.com/
- CPX (acquired spiderSilk): https://cpx.net/
- Fortinet (acquired Suridata): https://www.fortinet.com/
- JumpCloud (acquired Vault One): https://jumpcloud.com/
- Limerston Capital (acquired Cybercrowd): https://www.limerstoncapital.com/
- Palo Alto Networks (acquired Protect AI): https://www.paloaltonetworks.com/
- Tenable (acquired APEX): https://www.tenable.com/
- Upwind Security (acquired Nyx Security): https://www.upwind.io/
- Zscaler (acquired Red Canary): https://www.zscaler.com/
