· Global CyberTech deals are projected to reach 956 deals in total based on deal activity in the first quarter of 2022, a 7.4% rise from 2021. Investment in the sector is also expected to grow to $25.2bn, a 7.7% rise from 2021.
· Securonix, a data-driven cloud security platform, closed the largest deal in Q1 2022 raising an enormous $1bn in their latest private equity round led by Vista Equity Partners. With the fresh funding, the company hopes to capitalise on its growth and meet customer demand, as well as grow its workforce. Securonix’s clients include five of the Global Fortune 10 and the company had 100% SaaS ARR growth in 2021.
· The United States is the leading driver of CyberTech deals, accounting for 55% of the deals in Q1 2022. The US government spent $15bn on cybersecurity in 2019 and this is expected to grow as breaches continue to increase. Israel accounted for the second most CyberTech deals in the first quarter of 2022 with 17 in total, a 7.3% share of global deals.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global
