Cybersecurity Growth Capital Investments in 2024
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December 18, 2024
- Buyer
- Bluestone Investment Partners
- Target
- Valiant Solutions, LLC
- Industry
- Cybersecurity
- Location
- North Carolina, United States
- Type
- Growth capital
Bluestone Investment Partners has made a strategic growth investment in Valiant Solutions, LLC, a federal cybersecurity provider headquartered in Henderson, North Carolina. The transaction will support Valiant's next phase of growth — including new executive hires George Wilson and Tom Weston — while founder Matt Raydo remains to lead business development and customer continuity.
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December 9, 2024
- Buyer
- Recognize
- Target
- SDG Corporation
- Industry
- Cybersecurity
- Location
- Connecticut, United States
- Type
- Growth capital
Recognize, a private equity firm focused on digital services, has made a strategic growth investment in SDG Corporation, a Norwalk, Connecticut-based provider of advisory, implementation, and managed cybersecurity services. SDG (approximately 400 employees) will continue to be led by founder and CEO Ajay Gupta, and Recognize will support the company’s buildout and accelerated growth in identity and access management (IAM), threat, and risk services.
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September 19, 2024
- Buyer
- Riverwood Capital, Earlybird Digital East Fund
- Target
- Picus Security
- Industry
- Cybersecurity
- Location
- California, United States
- Type
- Growth capital
Picus Security, a San Francisco–based security validation company, raised $45 million in a growth round led by Riverwood Capital with participation from existing investor Earlybird Digital East Fund. The investment will accelerate product innovation and expand customer success, sales, and marketing as Picus grows its Adversarial Exposure Validation platform across regulated and enterprise customers.
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September 17, 2024
- Buyer
- Baird Capital
- Target
- BlackCloak
- Industry
- Cybersecurity
- Location
- Florida, United States
- Type
- Growth capital
Baird Capital's venture team led a $17 million Series B investment in BlackCloak, a digital executive protection platform that provides cybersecurity and privacy services for high-profile individuals and executives. The capital will be used to accelerate technology and platform investments, expanding BlackCloak's product and intelligence capabilities.
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September 3, 2024
- Buyer
- HEST Investments
- Target
- American Binary
- Industry
- Cybersecurity
- Location
- Washington, United States
- Type
- Growth capital
HEST Investments, a Dallas-based private equity firm, made a strategic $1 million investment in American Binary, a U.S.-based post-quantum encryption company. The minority growth investment (finalized in Q4 of last year) will help American Binary accelerate R&D and commercialize its quantum-resistant encryption and enterprise VPN solutions for business and government customers.
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- Buyer
- Falfurrias Management Partners
- Target
- MOXFIVE
- Industry
- Cybersecurity
- Location
- Virginia, United States
- Type
- Growth capital
Falfurrias Management Partners has made a growth equity investment in MOXFIVE, a cybersecurity incident response and resilience company founded in 2019 by Mike Wager. The investment will provide capital and board-level support to scale MOXFIVE's incident response operations and proprietary MOXFIVE Platform while CEO Mike Wager remains in place.
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- Buyer
- Enlightenment Capital
- Target
- Cryptic Vector
- Industry
- Cybersecurity
- Location
- Ohio, United States
- Type
- Growth capital
Enlightenment Capital, an ADG&T-focused private investment firm, has made a strategic growth investment in Cryptic Vector, a Cincinnati-headquartered provider of offensive cyber, electronic warfare, and secure radio frequency communications for the Intelligence Community and Department of Defense. The investment will support Cryptic Vector's scaling efforts, capability investments and M&A growth strategy; G Squared Capital Partners and Holland & Knight served as advisors to Cryptic Vector on the transaction.
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June 27, 2024
- Buyer
- Brighton Park Capital
- Target
- PortSwigger
- Industry
- Cybersecurity
- Location
- England, United Kingdom
- Type
- Growth capital
Brighton Park Capital has made a $112 million minority growth investment in PortSwigger, the developer of Burp Suite, marking the company's first external financing. The capital will fund product development, research and community initiatives, and support international expansion as PortSwigger continues to serve a broad base of enterprise customers.
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- Buyer
- Charlesbank Capital Partners, Livingbridge (Enterprise 3), Golding Capital Partners
- Target
- Quorum Cyber
- Industry
- Cybersecurity
- Location
- Scotland, United Kingdom
- Type
- Growth capital
Charlesbank Capital Partners has made a strategic growth investment in Quorum Cyber, with re-investment from Livingbridge (Enterprise 3) and existing investor Golding Capital Partners. The funding will support Quorum Cyber's US expansion, talent recruitment, capability enhancement (including AI-enabled services) and continued development of its Microsoft-aligned managed security offerings.
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April 23, 2024
- Buyer
- Apax Digital Funds (Apax Digital Fund II)
- Target
- IANS Research
- Industry
- Cybersecurity
- Location
- Massachusetts, United States
- Type
- Growth capital
Apax Digital Fund II (the Apax Digital Funds) has made a strategic growth investment in IANS Research to accelerate product development, expand the company’s value proposition and scale go-to-market efforts. IANS, a practitioner-led research and advisory platform serving Chief Information Security Officers (CISOs), will add Apax Digital partners to its board; financial terms were not disclosed and the deal is expected to close in Q2 2024.
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February 22, 2024
- Buyer
- Siris
- Target
- Gigamon
- Industry
- Cybersecurity
- Location
- California, United States
- Type
- Growth capital
Siris, a private equity firm, completed a significant strategic investment in Gigamon in December 2023, with Elliott Investment Management retaining its controlling interest. The capital will support Gigamon's product innovation and growth initiatives as the company expands its deep observability and cloud capabilities globally; financial terms were not disclosed.
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January 24, 2024
- Buyer
- M|C Partners
- Target
- Consortium Networks
- Seller
- Existing shareholders/management (including Larry Pfeifer and Tim Murphy)
- Industry
- Cybersecurity
- Location
- New Jersey, United States
- Type
- Growth capital
M|C Partners has made a strategic growth investment in Consortium Networks to accelerate the cybersecurity firm's growth, expand talent acquisition, sales, technical expertise, and vendor partnerships. As part of the transaction, cybersecurity veteran Nate Ungerott was appointed CEO; founders Larry Pfeifer and Tim Murphy remain materially invested and on the board. Terms were not disclosed.
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January 18, 2024
- Buyer
- Charlesbank Capital Partners
- Target
- Searchlight Cyber
- Industry
- Cybersecurity
- Location
- England, United Kingdom
- Type
- Growth capital
Charlesbank Capital Partners has made a strategic growth investment in Searchlight Cyber, a Portsmouth-based dark web intelligence and threat intelligence software company. The founders and existing investor Astra Capital Management remain invested; proceeds will be used to accelerate R&D, expand go-to-market capabilities and support organic growth and acquisitions. Financial terms were not disclosed.
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