ECSO launches the August, September & October 2024 European Cybermarket News Report

The European Cyber Security Organisation (ECSO) has launched a new edition of the ECSO European Cybermarket News Report. This time the report combines the market activities of the months of Augus, September, and October. A must-read for anyone interested in the movements of the European cybersecurity market.

On this edition of the ECSO Cybermarket News Report:

Private funding rounds:

  • August: 6 funding rounds, totaling €10.70M. There were 4 pre-seed/seed, 1 post-IPO, and 1 undisclosed round.
  • September: 13 funding rounds, totaling €39.45M. There were 5 pre-seed/seed, 2 series A, 1 post-IPO, and 3 undisclosed rounds.
  • October: 16 funding rounds, with notable raises such as Cyber Guru in Italy (€23M, Series B), Filigran in France (€32.3M, Series B), and WISeKey in Switzerland (€27.6M

M&As:

  • August: There were 12 M&As this month. Notable deals include the acquisition of PingCastle (France) by Netwrix (US) and Acronis (Switzerland) by EQT (Sweden).
  • September: There were 10 M&As this month. Key deals include Visa’s acquisition of Featurespace (UK) for an estimated €145-210M, and CyberOwl (UK) being acquired by DNV (Norway) for €18-29M.
  • October: There were M&As with highlights such as Sophos (UK) acquiring Secureworks (US) for €780M and Insight Partners (US) acquiring Detecify (Sweden).

A complete list of EU calls and teneders, European cyber security events, and insights.

This report is exclusive for ECSO Members.

What is the ECSO Cybermarket News Report?

The ECSO Cybermarket News Report is a monthly publication offering an overview of the latest cybersecurity-related funding, M&As, and investment funds of the European cybersecurity market. The report is also complemented by a summary of the principal market reports and events around the world. Delivered exclusively to ECSO Members, it provides the reader with a useful tool to navigate through the meanders and complexities of the European cybersecurity market.

The ECSO Cybermarket News Report is made possible by the ECSO Cybersecurity Market Development Working Group.

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Francisco Andrade E. Silva

Market, Members and Communities Junior Manager

francisco.andrade[at]ecs-org.eu

Emanuele Mario Zavanella

Cybersecurity Market Analysis Intern

emanuela.zavanella[at]ecs-org.eu

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