Security, Funded - May 2022 Roll-Up

Each month I do a quick recap of cybersecurity funding and acquisition stats by the numbers with visuals.

At a Glance

A lookback at what moved the cybersecurity market in May 2022.

• Approximately $1.9B was invested in 62 cybersecurity companies across 32 unique product categories in May 2022, matching the $1.9B invested in 60 companies in April 2022.
• More than 80% of funding when to United States-based companies, with the remainder spread between Canada, Israel, Indonesia, and Finland.
• Over $10.0B accounted for 34 cybersecurity companies with a merger or acquisition event across 17 unique product categories
• Seed funding rounds accounted for 4.37% in May, up from 4% in April.

Top Funded Product Categories

• $340.0M for Email Security
• $209.0M for Secure Remote Access
• $201.7M for Threat & Vulnerability Management (TVM)
• $196.0M for Mobile Device Security
• $174.7M for Application Security

Top Funded Industries

• $1.5B was not industry specific
• $232.0M for Web3
• $115.3M for Enterprise Software
• $15.0M for Military & Defense
• $12.5M for InsurTech

Top Lead Investor Teams

• $406.0M for Insight Partners
• $200.0M for Kohlberg Kravis Roberts (KKR), TenEleven Ventures
• $170.0M for GIC
• $110.0M for Bessemer Venture Partners
• $100.0M for Andreessen Horowitz, Alan Blaine

Top Countries Funded

• $1.6B for United States
• $99.0M for Canada
• $71.0M for Israel
• $47.7M for Indonesia
• $40.0M for Finland

Data Collection Methodology

A few tenants I follow for collecting and creating this data:

• I only use public data sources
• I evaluate each company that makes this list to make sure they are solving a cybersecurity problem
• I personally assign the product category for each company (regardless of what their marketing says)
• All funding and acquisition values are in U.S. dollars
• All funding amounts are from the time of collection

Go Deeper

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Cheers,

Mike