Skip to content

75 Largest Cyber Unicorn Startups in 2025 by Valuation & Venture Capital Raised

Biggest Cyber Unicorn Startups in the World

The global cyber security market was valued at $160 bn. The market is projected to grow to $380 bn by 2029, exhibiting a CAGR of 13.4% during the forecast period. From 2023 to 2024, the global cyber insurance market grew from $16.66 bn to $21 bn and is projected to reach $120 bn by 2032, demonstrating a substantial 24.5% CAGR during the forecast period.

According to Beinsure Data, 75 cybersequrity unicorn starups (>$1 bn) raised up to 2025 more than $38.7 bn venture capital with cumulative valuation ~$229 bn.

The cyber security market is mainly driven by the emerging online e-commerce platforms and the advent of core technologies such as the internet of things (IoT), artificial intelligence (AI), cloud security, and others.

Key market players focus on developing internet security solutions based on artificial intelligence (AI) platforms.

TOP 75 Cyber Unicorns in the World by Valuation in 2025

CompanyCountryVC raised, $ mnValuation, $ bn
1WizUS12,01 800
2SentinelOneUSA9,0697
3LaceworkUSA8,31 900
4FireblocksUS8,01 000
5NetskopeUS7,51 400
6SnykUK7,41 100
71PasswordCA6,8950
8CrowdStrikeUSA6,8481
9Auth0USA6,5334
10RubrikUSA5,6927
11DarktraceUK5,5235
12Qi AnxinCN5,4295
13Abnormal SecurityUS5,1534
14CoalitionUS5,0770
15CohesityUS4,81 800
16KnowBe4USA4,6384
17OneTrustUS4,51 100
18SocureUS4,5646
19Arctic WolfUS4,3900
20ArmisUS4,2792
21JFrogUSA3,9228
22Kingsoft CloudCN3,5985
23AcronisCH3,5673
24RiskifiedUSA3,3232
25Cato NetworksISR3,0770
26CyeraUS3,0760
27360 Enterprise Security GroupCN3,0629
28IslandUS3,0550
29Nord SecurityNL3,0200
30Transmit SecurityUS2,7543
31AxoniusUS2,6595
32JumpCloudUS2,6452
33UnicoBR2,6338
34ClarotyUS2,5740
35AuraUS2,5717
36VantaUS2,5353
37BitSightUS2,4402
38Duo SecurityUSA2,4120
39ADVANCE AISG2,0620
40DevoUS2,0488
41DruvaUS2,0475
42AviatrixUS2,0347
43DrataUS2,0328
44CertiKUS2,0300
45Own CompanyUSA1,9507
46Orca SecurityUS1,8632
47DragosUS1,8432
48SiftUS1,8208
49HuntressUS1,6298
50PersonaUS1,5218
51At-BayUS1,4292
52Salt SecurityUS1,4271
53Contrast SecurityUS1,4270
54PantherUS1,4142
55TongdunCN1,3362
56IncodeUS1,3262
57ProveUS1,3259
58VectraUS1,1353
59SecurityScorecardUS1,1293
60ExpelUS1,1289
61ChainguardUS1,1256
62EigenLayerUS1,1165
63Material SecurityUS1,1162
64QuantstampUS1,1147
65JupiterOneUS1,1119
66BlueVoyantUS1,0726
67Aqua SecurityISR1,0326
68ImmutaUS1,0259
69BigIDUS1,0258
70HalcyonUS1,0224
71ElectricUS1,0212
72PenteraISR1,0190
73Shape SecurityUSA1,0183
74CHEQISR1,0182
75Humanity ProtocolUS1,030,0
Source: Beinsure.com by PitchBook Data

TOP 75 Cyber Unicorns by Venture Capital Raised up to 2025

CompanyCountryVC raised, $ mnValuation, $ bn
1LaceworkUSA1 9008,3
2WizUS1 80012,0
3CohesityUS1 8004,8
4NetskopeUS1 4007,5
5SnykUK1 1007,4
6OneTrustUS1 1004,5
7FireblocksUS1 0008,0
8Kingsoft CloudCN9853,5
91PasswordCA9506,8
10RubrikUSA9275,6
11Arctic WolfUS9004,3
12ArmisUS7924,2
13CoalitionUS7705,0
14Cato NetworksISR7703,0
15CyeraUS7603,0
16ClarotyUS7402,5
17BlueVoyantUS7261,0
18AuraUS7172,5
19SentinelOneUSA6979,0
20AcronisCH6733,5
21SocureUS6464,5
22Orca SecurityUS6321,8
23360 Enterprise Security GroupCN6293,0
24ADVANCE AISG6202,0
25AxoniusUS5952,6
26IslandUS5503,0
27Transmit SecurityUS5432,7
28Abnormal SecurityUS5345,1
29Own CompanyUSA5071,9
30DevoUS4882,0
31CrowdStrikeUSA4816,8
32DruvaUS4752,0
33JumpCloudUS4522,6
34DragosUS4321,8
35BitSightUS4022,4
36KnowBe4USA3844,6
37TongdunCN3621,3
38VantaUS3532,5
39VectraUS3531,1
40AviatrixUS3472,0
41UnicoBR3382,6
42Auth0USA3346,5
43DrataUS3282,0
44CylanceUSA3270,2
45Aqua SecurityISR3261,0
46CertiKUS3002,0
47HuntressUS2981,6
48Qi AnxinCN2955,4
49SecurityScorecardUS2931,1
50At-BayUS2921,4
51ExpelUS2891,1
52Salt SecurityUS2711,4
53Contrast SecurityUS2701,4
54IncodeUS2621,3
55ImmutaUS2591,0
56ProveUS2591,3
57BigIDUS2581,0
58ChainguardUS2561,1
59DarktraceUK2355,5
60RiskifiedUSA2323,3
61JFrogUSA2283,9
62HalcyonUS2241,0
63PersonaUS2181,5
64ElectricUS2121,0
65SiftUS2081,8
66Nord SecurityNL2003,0
67PenteraISR1901,0
68Shape SecurityUSA1831,0
69CHEQISR1821,0
70EigenLayerUS1651,1
71Material SecurityUS1621,1
72QuantstampUS1471,1
73PantherUS1421,4
74Duo SecurityUSA1202,4
75JupiterOneUS1191,1
Source: Beinsure.com by PitchBook Data

The rise of cyber warfare and nation-state attacks presents significant risks in 2024, necessitating policy evolution, according to Flow’s latest industry report.

Recent notable attacks against public utilities include hacktivist attacks on water utilities in November 2023, where CyberAv3ngers compromised programmable logic controllers at water utilities in North America, Europe, and Australia, disrupting services for two days in at least one community.

Chinese state-backed hackers infiltrated U.S. water facilities, raising concerns about potential disruptions during conflicts. A Russian-linked hacktivist group attempted to disrupt operations at several Texas water utilities in early 2024 (see Cyber Risk Insurance Market Global Trends 2024).

Capacity for cyber insurance is expanding, with insurers offering more varied and comprehensive policies. The past six months have seen high-profile cyber incidents and data breaches with the average breach costing a record high of $4.45 mn.

These numbers are greatly influencing pricing trends to more accurately reflect the heightened risk environment. Additionally, a new regulatory landscape has emerged, with an increasing number of states introducing privacy laws and new rules regarding cybersecurity incident disclosure as adopted by the Securities and Exchange Commission (SEC).

New consumer privacy and data protection laws have now been instated in 18 states while many more bills are currently moving through various committees.

What is the current value and growth projection of the global cybersecurity market?

The global cybersecurity market was valued at $160 bn and is projected to grow to $380 bn by 2029, with a compound annual growth rate (CAGR) of 13.4% during the forecast period.

What were the notable cyberattacks against public utilities in recent years?

Recent attacks include hacktivist group CyberAv3ngers compromising programmable logic controllers at water utilities in North America, Europe, and Australia in November 2023. This disruption affected services for two days in at least one community. Additionally, Chinese state-backed hackers infiltrated U.S. water facilities, and a Russian-linked hacktivist group targeted Texas water utilities in early 2024.

How are geopolitical tensions affecting public utility cybersecurity?

State-backed hackers from China and Russia have targeted U.S. water facilities, raising concerns about vulnerabilities in critical infrastructure. These incidents highlight the potential for disruptions during geopolitical conflicts.

What role do cybersecurity unicorn startups play in the industry?

According to Beinsure Data, 75 cybersecurity unicorn startups (valued over $1 bn) have raised over $38.7 bn in venture capital as of 2025, with a combined valuation of approximately $229 bn.

What is the current capacity and trend in the cyber insurance market?

Capacity for cyber insurance is expanding, with insurers offering more comprehensive and diverse policies. The market is responding to a heightened risk environment, driven by record-high data breach costs averaging $4.45 mn.

How has the global cyber insurance market evolved?

The cyber insurance market grew from $16.66 bn in 2023 to $21 bn in 2024. It is expected to reach $120 bn by 2032, exhibiting a robust CAGR of 24.5% over the forecast period.

How have recent cyber incidents influenced insurance pricing?

The increase in high-profile cyber incidents and costly data breaches has pushed insurers to adjust pricing to reflect the heightened risks accurately.

What new regulatory developments are shaping the cybersecurity landscape?

The regulatory environment has evolved significantly, with many states introducing new privacy laws and rules on cybersecurity incident disclosures. The SEC has also adopted regulations mandating stricter reporting requirements for cyber incidents.

How are insurers adapting to the increasing cybersecurity risks?

Insurers are responding with innovative and more tailored policies, reflecting the rising costs of breaches and expanding coverage to address both traditional and emerging risks.

…………………..

Edited & Fact-checked by Oleg Parashchak – CEO Finance Media & Editor-in-Chief at Beinsure Media and Insurance TOP Ratings (24+ years of professional experience in Rankings, Insurance & Media).