The pre-IPO fund managed by Raison Asset Management has invested in three private cybersecurity companies — Tanium, Rubrik and Sift.
Tanium — an endpoint security management company with a capitalization of more than $9 billion. Ranks 12th in the Forbes Cloud 100 rating. Among its clients are half of the Fortune 100 companies and even the US Air Force.
Rubrik — a cloud platform that automates big data protection. Clients: Verizon, Mazda, Cisco, Adobe, Expedia, Toyota and others. Top 10 according to Forbes Cloud 100.
Sift — AI platform for real-time digital fraud prevention. The Sift platform is used by over 34,000 websites and apps, including Twitter, Airbnb, Twilio, DoorDash, Wayfair and McDonald’s.
Cybersecurity remains a hot topic, and the recent hacker attack on the Colonial Pipeline has given new ground for increasing concerns. Interest in cybersecurity has also grown as the world moves to a remote work format. Considering that many companies are planning to keep the “remote” even after the pandemic, the demand for digital protection will only grow.
According to PitchBook, the first half of this year was a record for investment in cybersecurity startups, raising $9.9 billion from venture capital funds — almost the same as for all of 2020.
Investments in startups in the field of digital security 2016–2021
Of the 9.9 billion invested in cybersecurity startups, the bulk — $8.5 billion — fell on late-stage startups.
The number of mergers and acquisitions (M&A) of cybersecurity startups is also breaking records. From January to July, there were 77 such deals, according to Crunchbase. For comparison: for the whole of 2020 there were 80 of them, 2019–75, 2018–70.