2022-09-13-CBInsights-2022年第二季度网络安全状况报告（英）_103页_2mb

Summary of CB Insights State of Cybersecurity Global Q2 2022

Funding Trends

• Global cybersecurity funding dropped 32% QoQ in Q2 2022, bringing it to $4.4B, the lowest level since 2020, due to declining mega-rounds and reduced investor activity.
• Mega-round funding fell by 46% QoQ to $1.9B, nearly halving compared to previous quarters, as high valuations in public markets dampened IPO opportunities.
• Early-stage deal share increased to 60% of total investment deals year-to-date in 2022, providing more unicorns.

Deal Activity

• M&A transactions decreased to 26 in Q2 2022, the lowest number since 2020, reflecting cautious acquisition volumes amid global economic uncertainty.
• Deal counts across all stages declined, with late-stage rounds shrinking by 6 percentage points year-to-date.

Unicorns and Valuations

• Total cybersecurity unicorns reached 74, up significantly from previous quarters, with most new unicorns based in the US and Europe.
• Median valuation multiples increased mid-year but showed QoQ volatility; for example, unicorn births in Q2 included Abnormal Security and Vanta, both at billion-dollar valuations.

Geographic Distribution

• The US dominated global funding with 68% share in Q2 2022, but its own funding fell 25% YoY.
• Asia experienced growth with 8 unicorn births, while Europe lagged slightly but saw steady investment. China's funding was down 32% QoQ from 2021 highs.
• Investments were concentrated in North America and Asia, with Europe and Latin America showing resilience in specific sectors.

Exit Trends

• M&A exits decreased by 16% QoQ in 2022, as global exit activity slowed due to economic pressures and fewer consolidation opportunities.
• SPAC and IPO exits saw minimal activity, with the US leading exits despite overall declines.

"Guess Less. Win More." - CB Insights analysis highlights declining confidence in riskier investments but strong opportunities in early-stage and regional niches for 2022.