PURE CYBER 100. PHOTO: Cybercrime Magazine.

PURE CYBER 100: Companies To Watch In 2023

100 cybersecurity startups with $100 million or more in VC funding over the past two years

– Steve Morgan, Editor-in-Chief

Sausalito, Calif. – Nov. 2, 2022

The inaugural PURE CYBER 100, compiled by Cybersecurity Ventures and published in Cybercrime Magazine, ranks companies that are focused exclusively or primarily on cybersecurity, and by the amount of venture capital they’ve raised over the past two years.

“We tend to think of a funding round as 24 months of runway,” says Bob Ackerman, founder and managing director at AllegisCyber Capital, a Palo Alto, Calif.-based venture capital firm focused on cybersecurity. “That is to say it should be enough money to hit meaningful milestones that will support the next round of financing at a material increase in valuation.”

PURE CYBER 100

By amount of VC funding over the past two years:

  • Lacework, San Jose, Calif. — Security for DevOps, Container, and Cloud. $1.8 billion.
  • Anduril, Costa Mesa, Calif. — U.S. & Allied Military Defense Technology. $1.2 billion.
  • Securonix, Addison, Texas — Security Analytics at Cloud Scale. $1.2 billion.
  • Splunk, San Francisco, Calif.— The Unified Security & Observability Platform. $1 billion.
  • Arctic Wolf, Eden Prairie, Minn. — Security Operations in the Cloud. $751 million.
  • 1Password, Toronto, Canada — Password Manager for Families & Businesses. $620 million.
  • Orca Security, Portland, Ore. — Complete Cloud Security Platform. $605 million.
  • Transmit Security, Tel-Aviv, Israel — Cloud-Native Identity & Access Management. $543 million.
  • Sysdig, San Francisco, Calif. — Security Tools for Containers, Kubernetes, & Cloud. $543 million.
  • Claroty, New York, N.Y. — Securing the Extended Internet of Things ( XIoT). $540 million. 


  • OneTrust, Atlanta, Ga. — Trust Intelligence. $510 million.
  • Acronis, Schaffhausen, Switzerland — All-in-one Cyber Protection. $500 million.
  • NetSPI, Minneapolis, Minn. — Penetration Testing & Offensive Security Solutions. $500 million.
  • Snyk, Boston, Mass. — The Developer Security Company. $500 million.
  • Socure, Incline Village, Nev. — Identity Verification Solution. $450 million.
  • Armis, San Francisco, Calif. — Complete Network Visibility & Asset Intelligence. $425 million.
  • Trulioo, Vancouver, Canada — Global Online Identity Verification Service. $394 million.
  • Ledger, Paris, France — Secure Gateway to Crypto & NFTs. $380 million.
  • Wiz, New York, N.Y. — Complete Cloud Security. $380 million.
  • Aura, Boston, Mass. — All-In-One Consumer Security. $350 million.
  • Cybereason, Boston, Mass. — AI-Driven Cyber Defense Platform. $350 million.
  • Devo, Cambridge, Mass. — Cloud-Native Logging & Security Analytics. $350 million.
  • Cato Networks, Tel-Aviv, Israel — Cloud-Native Security. $330 million.
  • eSentire, Waterloo, Canada — Managed Detection & Response. $325 million.
  • Dragos, Hanover, Md. — Industrial Cybersecurity for OT Environments. $310 million.
  • Axonius, New York, N.Y. — Cybersecurity Asset Management. $300 million.
  • Netskope, Santa Clara, Calif. — Cloud, Data & Network Security. $300 million.
  • ReliaQuest, Tampa, Fla. — Security Operations Platform. $300 million.
  • Chainalysis, New York, N.Y. — Blockchain Data Platform. $270 million.
  • Abnormal Security, San Francisco, Calif. — Cloud Email Security. $260 million.


  • BitSight, Boston, Mass. — Cyber Risk Analytics & Security Ratings. $250 million.
  • BlueVoyant, New York, N.Y. — Cloud-Native Cyber Defense Platform. $250 million.
  • Salt Security, Palo Alto, Calif. — API Security Platform. $240 million.
  • Oosto (formerly AnyVision), Holon, Israel. Vision AI Security Appliance. $235 million.
  • Deep Instinct, New York, N.Y. — Deep Learning Cybersecurity. $230 million.
  • Illumio, Sunnyvale, Calif. — Zero Trust Segmentation. $225 million.
  • Island, Dallas, Texas — The Enterprise Browser. $225 million.
  • Incode, San Francisco, Calif. — Identity Verification & Biometric Authentication. $220 million.
  • Noname Security, San Jose, Calif. — The Complete API Security Platform. $220 million.
  • Pathlock, Pune, India — Application Security & Controls Automation. $220 million.
  • Critical Start, Plano, Texas — Managed Detection & Response. $215 million.
  • Verkada, San Mateo, Calif. — Enterprise Security Camera System. $205 million.
  • Versa Networks, Santa Clara, Calif. — Cloud-Native Secure Access Service Edge (SASE). $204 million.
  • Exabeam, Foster City, Calif. — Cloud-Native SIEM. $200 million.
  • Feedzai, San Mateo, Calif. — Fraud & Financial Crime Protection. $200 million.
  • Semperis, Hoboken, N.J. — Identity Driven Enterprise Protection. $200 million.
  • Tanium, Kirkland, Wash. — Endpoint Management Platform. $200 million.
  • Vanta, San Francisco, Calif. — Automated Security & Compliance. $200 million.
  • Immuta, Boston, Mass. — Universal Data Access Control. $190 million.
  • SecurityScorecard, New York, N.Y. — Cybersecurity Risk Ratings. $180 million.


  • Beyond Identity, New York, N.Y. — Passwordless Multi-Factor Authentication (MFA). $175 million.
  • Veriff, Tallinn, Estonia — AI-Powered Identity Verification Software. $169 million.
  • CertiK, New York, N.Y. — Blockchain Security, $168 million.
  • Quantexa, London, U.K. — Financial Crime & Fraud Detection. $153 million.
  • Cheq, Tel-Aviv, Israel — Go-To-Market Security. $150 million.
  • Contrast Security, Los Altos, Calif. — Secure Code Platform. $150 million.
  • Jumio, Palo Alto, Calif. — AI-Powered Identity Verification. $150 million.
  • Pentera, Petach Tikva, Israel — Automated Security Validation Platform. $150 million.
  • Druva, Santa Clara, Calif. — The Data Resiliency Cloud. $147 million.
  • iBoss, Boston, Mass. — Zero Trust Edge Cloud Security. $145 million.
  • Talon Cyber Security, Tel-Aviv, Israel — Hybrid Workforce Security. $143 million.
  • Immersive Labs, Bristol, U.K. — People-Centric Cyber Resilience. $141 million.
  • Expel, Herndon, Va. — Managed Detection & Response. $140 million.
  • HYCU, Boston, Mass. — Data Protection as a Service. $140 million.
  • Aqua Security, Ramat Gan, Israel — Cloud-Native Security. $135 million.
  • Saviynt, El Segundo, Calif. — Converged Identity Platform. $130 million.
  • Vectra AI, San Jose, Calif. — Attack Signal Intelligence. $130 million.
  • Drata, San Diego, Calif. — Continuous Security Compliance. $125 million.
  • Fortress, Orlando, Fla. — Critical Infrastructure Security. $125 million.
  • Keyfactor, Independence, Ohio — Crypto-Agility & PKI as-a-Service. $125 million.


  • OPSWAT, Tampa, Fla. — Critical Infrastructure Protection. $125 million.
  • SparkCognition, Austin, Texas — AI-Powered Cybersecurity. $123 million.
  • Panther Labs, San Francisco, Calif. — Security Operations Platform. $120 million.
  • CYE, Tel-Aviv, Israel — Cybersecurity Optimization Platform. $120 million.
  • ThreatLocker, Maitland, Fla. — Endpoint Security Platform. $120 million.
  • CyCognito, Palo Alto, Calif. — Attack Surface Management SaaS Platform. $118 million.
  • Cymulate, Tel-Aviv, Israel — Extended Security Posture Management Platform. $115 million.
  • AppOmni, San Francisco, Calif. — SaaS Security and SSPM Platform, $110 million.
  • Automox, Boulder, Colo. — Endpoint Security Platform. $110 million.
  • Brinqa, Austin, Texas — Cybersecurity Risk Management & Analytics. $110 million.
  • Swimlane, Louisville, Colo. — Low-Code Security Automation & SOAR Platform. $110 million.
  • Teleport, Oakland, Calif. — Identity-Native Infrastructure Access. $110 million.
  • Veza, Palo Alto, Calif. — Data Security Platform. $110 million.
  • ActiveFence, Tel-Aviv, Israel — Complete Trust & Safety Solution. $100 million.
  • AuthenticID, Kirkland, Wash. — Fraud Prevention and Identity Verification Solutions. $100 million.
  • BigID, New York, N.Y. — Data Intelligence Platform. $100 million.
  • Bitwarden, Santa Barbara, Calif. — Open Source Password Manager. $100 million.
  • DuckDuckGo, Paoli, Penn. — All-In-One Privacy Solution. $100 million.
  • Human Security, New York, N.Y. — Bot Attack & Fraud Defense. $100 million.
  • ID.me, McLean, Va. — Simple, Secure Identity Verification. $100 million.


  • Interos, Arlington, Va. — Operational Resilience & Supply Chain Risk Management. $100 million.
  • Malwarebytes, Santa Clara, Calif. — Cybersecurity for Home & Business. $100 million.
  • Menlo Security, Mountain View, Calif. — Cloud Security Platform. $100 million.
  • NordVPN, Panama City, Panama — Online Virtual Private Network (VPN) Service. $100 million.
  • Nozomi Networks, San Francisco, Calif. — Industrial Strength OT, ICS, & IoT Security. $100 Million.
  • Perimeter 81, Tel-Aviv, Israel — Network, Cloud & Application Security. $100 million.
  • Tailscale, Toronto, Canada — Virtual Private Network (VPN). $100 million.
  • ThriveDX, Miami, Fla. — Cybersecurity Training for Education & Enterprise. $100 million.
  • TokenEx, Edmond, Okla. — Cloud Tokenization Platform. $100 million.
  • Virsec, San Jose, Calif. — Continuous Server Workload Protection for Applications. $100 million.

For all media inquiries and questions about the PURE CYBER 100, contact us here.

OUTSIDE THE BOX

These companies have raised $100 million or more over the past 2 years, and while they are not exactly “pure cyber,” they do play squarely in our space in addition to their other products and services.

  • Coalition, San Francisco, Calif. — Cyber Insurance & Security. $630 million.
  • SonarSource, Geneva, Switzerland — Clean Code for All. $412 million.
  • OwnBackup, Englewood Cliffs, N.J. — SaaS Data Protection Platform. $407 million.
  • Cribl, San Francisco, Calif. — Open Observability. $200 million.
  • Coralogix, San Francisco, Calif. — Full-Stack Observability. $142 million.
  • Cowbell Cyber, Pleasanton, Calif. — Adaptive Cyber Insurance. $120 million.
  • Corvus Insurance, Boston, Mass. — Cyber Insurance Policies. $100 million.

Cybersecurity Ventures publishes deal flow in our daily VC report where you can track all of the startups and emerging players with fresh funding.

– Steve Morgan is founder and Editor-in-Chief at Cybersecurity Ventures.

Go here to read all of my blogs and articles covering cybersecurity. Go here to send me story tips, feedback and suggestions.



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