$70B+ Month Led By Broadcom's Acquisition Of VMware | Momentum's Cybersecurity Snapshot For May 2022

We just released Momentum’s Cybersecurity Snapshot for May 2022. Strategic activity in May included 93 transactions completed totaling $71.7B in disclosed deal value across M&A (22 transactions, $69.8B) and financing (71 transactions, $1.9B).

Each month we provide you with an update on the dynamic Cybersecurity landscape. We highlight M&A activity, Venture Capital, Initial Public Offerings, public market valuations, sector trends and unique industry perspectives.

Highlights include:

• 22 M&A deals were announced with disclosed values of $69.8B (median disclosed value of $88M)
• The mega acquisition of VMware by Broadcom for $69B led M&A activity in May
• The most active sectors for M&A this month were: MSSP (6), Identity & Access Management (5), and Risk & Compliance (4)
• 71 financing transactions completed with total capital raised of $1.9B (median amount raised of $11.0M)
• Nym’s $300M Growth Round, Abnormal Security’s $210M Series C, and Semperis’ $200M Series C highlighted financing activity for May
• The most active sectors for financings this month included: Risk & Compliance (10), Data Security (9), and Network & Infrastructure Security (9)

RSAC 2022 Innovation Sandbox Contest & RSAC Early Stage Expo

As you look ahead to plan your RSAC week schedule, make sure to attend the RSAC Innovation Sandbox Contest (June 6, 2022) & RSAC Early Stage Expo (June 8-9, 2022). The Early Stage Expo and Innovation Sandbox Contest are part of RSA Conference Innovation Programs, which present an opportunity for start-up companies to apply, compete, and showcase their brilliant industry solutions.

Cyber Week 2022 Fireside Chat

YL Ventures, Ten Eleven Ventures, Evolution Equity Partners, and Momentum Cyber will be hosting a fireside chat on June 29th in Tel Aviv as part of Cyber Week 2022. The evening will feature an esteemed panel of global Cybersecurity leaders as they explore the hottest industry trends, challenges, gaps in current solutions, and emerging technologies designed to combat evolving threats, including a talk by Dino Boukouris from Momentum Cyber. The discussion will be followed by Q&A from the audience. To sign up register here.

Notable Transactions

• Momentum Cyber Advises Apptega On Its Strategic Investment By Mainsail Partners
• Momentum Cyber Advises Infocyte On Its Acquisition By Datto
• Momentum Cyber Advises Fishtech Group On Its Merger With Herjavec Group
• Momentum Cyber Advises SecBI On Its Acquisition By LogPoint
• Momentum Cyber Advises RiskSense On Its Acquisition By Ivanti
• Momentum Cyber Advises Herjavec Group On Its Majority Acquisition By Apax Partners
• Momentum Cyber Advises Alcide On Its Acquisition By Rapid7
• Momentum Cyber Advises MistNet On Its Acquisition By LogRhythm
• Momentum Cyber Advises iboss On Its $145M Growth Financing Led By NightDragon & Francisco Partners
• Momentum Cyber Advises Goldman Sachs, ClearSky, and NightDragon On Their Acquisition of White Ops Cybersecurity
• Momentum Cyber Advises Goldman Sachs And ClearSky Security On Their Strategic Investment In White Ops
• Momentum Cyber Advises JASK on Its Acquisition by Sumo Logic
• Momentum Cyber to Support NTT's Global Cybersecurity Strategy & Growth Initiatives
• Momentum Cyber Advises Interset on Its Acquisition by Micro Focus
• Momentum Cyber Served as Exclusive Financial and Strategic Advisor to RedLock
• Momentum Cyber Advises ADT and NightDragon on Their Strategic Investment in SAM Seamless Network
• Momentum Cyber Advises ADT on Its Acquisition of SDI
• Momentum Cyber Advises ICEBRG on Its Acquisition by Gigamon
• Momentum Cyber Advises Bradford Networks on Its Acquisition by Fortinet
• Momentum Cyber Advises Weblife on Its $60 Million Acquisition by Proofpoint
• Momentum Cyber Advises DATASHIELD on Its Acquisition by ADT
• Momentum Cyber Advises Cyphort on Its Acquisition by Juniper Networks

In The News

• Forbes: Google Adds To A Surge In Cybersecurity M&A With One Of Its Biggest Deals Ever
• VentureBeat: Security VC Hit Nearly $30B In 2021, With Startups Rapidly Going From ‘Zero To Billions’
• TechCrunch: 2021 Was A Record-Breaking Year For Cybersecurity Startups
• DarkReading: 8 Of The Biggest Cybersecurity M&As & Investment Deals In 2021
• Crunchbase: Funding Pours Into Cybersecurity As Mid-Year 2021 Numbers Eclipse Last Year’s Total
• Crunchbase: Cybersecurity To Remain Hot In The New Year
• RSA Conference: Securing the New Normal | A Virtual Happy Hour on Moving Forward
• Optiv: Is Cybersecurity ‘Virus Resistant’?
• Forbes: Computer Viruses A Bigger Threat With Pandemic
• Momentum Cyber’s Annual Cybersecurity Almanac Reveals A Record-Smashing Year
• Help Net Security: Things to Keep In Mind When Raising Capital for Your Cybersecurity Venture
• Momentum Cyber & Optiv Publish White Paper: 2019 Security Technology Spend Insights Report
• Momentum Cyber Releases Its Cybersecurity Mid-Year Review for 2019
• Momentum Cyber Identifies 6 Key Cybersecurity Trends That Will Drive Strategic Activity in 2019
• WSJ: Insurers Creating a Consumer Ratings Service for Cybersecurity Industry

As always, if you would like to discuss this report or our insights into the Cybersecurity industry, drop me a line.

Best // Dino

Momentum Cyber is the premier trusted advisor to the cybersecurity industry providing bespoke high-impact advice combined with tailored, senior-level access. The firm was founded by world-class operators and advisors and caters to the unique needs of both earlier stage Founders, CEOs, & Boards as well as the complexity of later stage & public companies throughout their lifecycle – Incubation to Exit. Headquartered in San Francisco with operations globally, the founding team has closed over 250 transactions totaling over $250 billion in value.

Securities transactions offered through Momentum Capital Markets, LLC, member FINRA and SIPC.