According to Momentum Cyber’s Cybersecurity Snapshot for January, strategic activity increased with over 58 transactions deploying almost $1.25B across M&A (27 transactions, $940M) and financing (31 transactions, $313M).
The acquisition of ThreatMetrix by the Lexis Nexis Risk Solutions Group for $830M led all M&A activity for the month. The most active sectors included SecOps / IR / Threat Intel, Security Consulting, Identity & Access Management, & Application Security.
31 financing transactions raised a total of $313M, representing a 10% increase in total amount raised year on year, while the median amount raised was $6M. Ledger’s $75M Series B, Anomali’s $40M Series C, and Algosec’s $36M Private Equity round led all financing activity for January, with early stage (Seed to Series A) funding making up the majority (71%) of financing deals.
The most active sectors included Identity & Access Management, Data Security, and IoT.