Biggest Cyber Unicorn Startups in the World

The global cyber security market was valued at USD 139.77 billion. The market is projected to grow from USD 155.83 billion in 2023 to USD 376.32 billion by 2029, exhibiting a CAGR of 13.4% during the forecast period.

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-25 Cyber Unicorn Startups in the World by valuation

CompanyMost recent valuationVC raised to date
1Snyk$8.6B$849.5M
2Lacework$8.3B$1.9B
3Netskope$7.5B$1.0B
41Password$6.8B$950.1M
4CrowdStrike Holdings$6.8B$481.1M
5Wiz$6.0B$621.0M
6Auth0$5.7B$333.5M
7OneTrust$5.3B$920.0M
8Coalition$5.0B$770.0M
9SLING Insurance$3.6B$664.7M
10Armis $3.4B$592.0M
10OwnBackup$3.4B$507.3M
11360 Enterprise Security$3.0B$629.1M
11Forter$3.0B$525.0M
12Cybereason$2.7B$743.4M
12KnowBe4$2.7B$384.1M
13Unico$2.6B$338.3M
13JumpCloud$2.6B$415.0M
13Axonius$2.6B$394.6M
14Aura$2.5B$512.1M
15Duo Security$2.4B$119.8M
16Aviatrix$2.0B$346.8M
17Druva$2.0B$475.0M
18Orca Security$1.8B$782.0M
18Trulioo$1.8B$490.6M
19Dragos$1.7B$358.2M
20Vanta$1.6B$202.8M
20Nord Security$1.6B$100.0M
20ID.me$1.6B$141.3M
20Alloy$1.6B$207.8M
21Persona$1.5B$217.5M
22Contrast Security$1.4B$269.5M
22ForeScout Tech$1.4B$150.3M
22Salt Security$1.4B$270.6M
23Island$1.3B$261.4M
24Expel$1.1B$288.8M
24Beyond Identity$1.1B$205.3M
24Material Security$1.1B$162.0M
24Security Scorecard$1.1B$293.4M
25Drata$1.0B$156.5M
25Perimeter 81$1.0B$165.0M
25Noname Security$1.0B$220.0M
25Interos$1.0B$258.6M
25Aqua$1.0B$266.1M
25Pentera$1.0B$190.0M

Source: Beinsure.com by PitchBook Data

TOP-45 Cyber Unicorns by venture capital raised

CompanyVC raised to date
1Lacework$1.9B
2Netskope$1.0B
31Password$950.1M
4OneTrust$920.0M
5Snyk$849.5M
6Orca Security$782.0M
7Coalition$770.0M
8Cybereason$743.4M
9SLING Insurance$664.7M
10360 Enterprise Security Group$629.1M
11Wiz$621.0M
12Armis (California)$592.0M
13Forter$525.0M
14Aura$512.1M
15OwnBackup$507.3M
16Trulioo$490.6M
17CrowdStrike Holdings$481.1M
18Druva$475.0M
19JumpCloud$415.0M
20Axonius$394.6M
21KnowBe4$384.1M
22Dragos$358.2M
23Aviatrix$346.8M
24Unico$338.3M
25Auth0$333.5M
26SecurityScorecard$293.4M
27Expel$288.8M
28Salt Security$270.6M
29Contrast Security$269.5M
30Aqua (Network Management Software)$266.1M
31Island (Business/Productivity Software)$261.4M
32Interos$258.6M
33Noname Security$220.0M
34Persona (Business/Productivity Software)$217.5M
35Alloy$207.8M
36Beyond Identity$205.3M
37Vanta$202.8M
38Pentera$190.0M
39Perimeter 81$165.0M
40Material Security$162.0M
41Drata$156.5M
42ForeScout Technologies$150.3M
43ID.me$141.3M
44Duo Security$119.8M
45Nord Security$100.0M

Source: Beinsure.com by PitchBook Data

Fact-checked by Oleg Parashchak – Editor-in-Chief Beinsure Media, CEO Finance Media Holding