PitchBook-信息安全报告-风险投资趋势和新兴机遇（英）-2022.5-12页_11mb

报告摘要

Information Security Report Summary - Q1 2022

Core Content

This report provides an overview of the information security sector's venture capital (VC) activity and emerging opportunities in Q1 2022. It highlights key trends, market dynamics, and notable companies within the industry, offering insights into the evolving landscape of cybersecurity investments.

Main Points

Q1 2022 VC Activity

Total Deals: 189
Total VC Raised: $5.1B
Deal Value Growth QoQ: -35.8%
Median Late-Stage Valuation: Decreased from $257.3M in 2021 to $190.0M in Q1 2022
Mega Deals: Only 14 mega-deals closed, the lowest total since Q4 2020
Segment Breakdown: Most of the mega-deals came from application security, identity & access management, and security operations
Early-Stage Investment: Robust, led by Sequoia Capital’s five early-stage investments
IPO Market: No listings in Q1 due to the tech market slowdown
VC Exits: Acquisitions continued, including Google’s $500M purchase of Siemplify
Notable Acquisitions: Medigate likely surpassed $100M in valuation with its acquisition by Claroty
Strategic Acquisitions: XDR leaders like Palo Alto Networks and CrowdStrike saw fewer large acquisitions, indicating a shift in deal dynamics
Developer-First Security: Incumbents like Check Point expanded into this space by acquiring Spectral for $60M

Emerging Opportunities

Cloud-Native Application Protection Platforms (CNAPP)
- Startups are scaling with integrated platforms for application security orchestration
- Focus on automated threat detection using machine learning (ML)
Security Service Edge (SSE)
- Network security incumbents are consolidating secure web gateways, CASBs, and zero trust network access via M&A
Threat Intelligence
- Enterprises require customized threat intelligence feeds that align with their specific threat models, especially during geopolitical tensions like the Ukraine invasion

Key Information

Market Map

The market map represents a snapshot of venture-backed or growth-stage providers across different segments of the information security industry
Companies listed have received venture capital or other notable private investments

VC Deal Activity

Figure 2: Highlights the VC deal activity in Q1 2022
Figure 8: Lists key early-stage VC deals, including:
- Wing Security: $20M in Series A, led by GGV Capital, 3.2x valuation step-up
- CertiK: $88M in Series B3, led by Tiger Global Management, Insight Partners, and Advent International, 1.9x valuation step-up
- Nucleus Security: $20M in Series B, led by Lead Edge Capital, 8.0x valuation step-up
- Cowbell Cyber: $75M in Series B, led by Anthemis Group, 4.2x valuation step-up
- Anecdotes: $25M in Series A, led by Red Dot Capital Partners, 4.9x valuation step-up
- Sardine: $19.4M in Series A, led by Andreessen Horowitz, 3.8x valuation step-up
- Calamu: $16.5M in Series A1, led by Insight Partners, 6.0x valuation step-up
- Aleo: $200M in Series B, led by Kora Management and SoftBank Investment Advisers, 13.4x valuation step-up
- PlexTrac: $70M in Series B, led by Insight Partners, 5.5x valuation step-up
- Shift5: $50M in Series B, led by Insight Partners, 3.8x valuation step-up

Top VC-Backed Companies

Lacework: Raised $600M, last valuation $8.3B, Series D raised $1.3B
Fireblocks: Raised $1,231.6M, last valuation $8,000M, segment: Application security, category: Web3 security
Snyk: Raised $1,109.5M, last valuation $8,600M, segment: Application security, category: DevOps security platforms
Netskope: Raised $1,044.3M, last valuation $7,500M, segment: Network security, category: Cloud security
1Password: Raised $950.1M, last valuation $6,800M, segment: Identity & access management, category: Identity governance & administration
Rubrik: Raised $926.5M, last valuation N/A, segment: Data security, category: Data protection & encryption
OneTrust: Raised $920M, last valuation $7,000M, segment: Data security, category: Data privacy & compliance
Tanium: Raised $832.3M, last valuation $9,000M, segment: Endpoint security, category: IoT/OT security
Orca Security: Raised $782M, last valuation $1,800M, segment: Network security, category: Cloud security
Cybereason: Raised $743.4M, last valuation $2,725M, segment: Endpoint security, category: Endpoint protection, detection & response

Company Highlights: Lacework

Overview

Founded: 2013
Employees: 1,000
Total Raised: $600M
Last Financing Valuation: $8.3B
Last Financing: Series D raised $1.3B
Gartner Recognition: One of Gartner's Cool Vendors in Cloud Security (May 2018)
Forrester Recognition: Included in Forrester's Cloud Workload Security Solutions Vendor Landscape (September 2017)
Product Suite: Focuses on cloud workload protection through behavior analysis of cloud resources like containers and serverless scripts
Approach: Uses a 'positive security' model to determine approved behavior and detect deviations
Technology: Leverages ML for anomaly detection, particularly random forest models
Patents: Holds four US patents for its graph database technology
Acquisition: Acquired DevOps security startup Soluble in Q1 2022 for infrastructure-as-code scanning

Leadership

Jay Parikh: Co-CEO, former head of engineering and infrastructure at Facebook
Dave Hatfield: Former CEO, previously president of Pure Storage at its IPO in 2015
Dan Hubbard: Chief Product Officer, co-founder
Vikram Kapoor: Chief Technology Officer, co-founder
Board Members: Includes Sutter Hill Ventures representatives and veteran enterprise sales executives like John McMahon (Snowflake board member)
Recent Hires: Added a former sales executive from DocuSign and Okta to prepare for a public listing

About PitchBook Emerging Tech Research

Provides independent, objective, and timely market intelligence
Helps investors navigate complex and competitive private markets
Focuses on nascent tech sectors and emerging opportunities

Contact Information

Brendan Burke: Senior Analyst, Emerging Technology, brendan.burke@pitchbook.com
Matthew Naciones: Data Analyst
Joey Schaffer: Designer
Paul Condra: Head of Emerging Technology Research
Nizar Tarhuni: Senior Director, Institutional Research & Editorial
John Gabbert: Founder and CEO of PitchBook Data, Inc.

Additional Research

Agtech: Alex Frederick, alex.frederick@pitchbook.com
Artificial Intelligence & Machine Learning: Brendan Burke, brendan.burke@pitchbook.com
Fintech: Robert Le, robert.le@pitchbook.com
Foodtech: Alex Frederick, alex.frederick@pitchbook.com
Information Security: Brendan Burke, brendan.burke@pitchbook.com
Insurtech: Robert Le, robert.le@pitchbook.com
Internet of Things (IoT): Brendan Burke, brendan.burke@pitchbook.com
Mobility Tech: Jonathan Geurkink, jonathan.geurkink@pitchbook.com
Supply Chain: Jonathan Geurkink, jonathan.geurkink@pitchbook.com
Emerging Spaces and Vertical Snapshots: Ryan Vaswani, ryan.vaswani@pitchbook.com

Disclaimer

This report is based on information from sources believed to be reliable
Accuracy and completeness cannot be guaranteed
No part of this publication may be reproduced without express written permission
Contents are not a recommendation to buy or sell any security

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