Funding benchmark · last 12 months

The typical Series A round in Cybersecurity

From 58 Series A rounds announced in Cybersecurity over the last twelve months, each read from a named source. Half of them raised between $15M and $35M.

See the roundsAll benchmarks

Series ACybersecurity
Median round$25M
$9.1M1 in 10 below$15M – $35Mmiddle half$52M1 in 10 above

58 rounds counted · recounted nightly

Rounds counted58Series A rounds in Cybersecurity, last 12 months
Against worldwide+25%vs the $20M worldwide median
Since last round28 momedian gap, from 10 companies we saw raise before
Lead named91%of these rounds name the investor who led

The trend

Median Series A round, quarter by quarter

From $18M in 2024 Q4 to $26M in 2026 Q3. Quarters with fewer than five rounds are left blank.

$18M'24 Q45 rds
$11M'25 Q18 rds
$15M'25 Q27 rds
'25 Q34 rds
$29M'25 Q48 rds
$22M'26 Q119 rds
$29M'26 Q210 rds
$26M'26 Q316 rds

Who leads

The most active leads

The firms that led the most Series A rounds in Cybersecurity this year.

  1. 1Sequoia Capital3 led
  2. 2Accel2 led
  3. 38VC2 led
  4. 4Partech Ventures2 led
  5. 5Balderton Capital2 led
  6. 6M132 led

Recent examples

Series A rounds in Cybersecurity, latest first

How to read these figures

They come from announced rounds. Large rounds are almost always announced and many small ones never are, so the true typical round is probably a little smaller than shown, most of all at pre-seed and seed. Every round behind them is in the record with its source. How we read rounds.

Other stages in Cybersecurity

Seed$10MSeries B$58M

Series A elsewhere

AI$21MUnited States$25MFintech$16MHealthcare$20MUnited Kingdom$14MRobotics$28MBiotech$32MConstruction$23MBig Data & Analytics$21MSoftware$18MEnergy$26MManufacturing$19MEnterprise Software$21MIndia$10MLogistics$13MDefence Tech$25MHardware & Electronics$25MFinancial Services$20MClimate Tech$15MAustralia$15MHealthtech$13MSaaS$17M

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Q&A

How big is a typical Series A round in Cybersecurity?

The median is $25M, from 58 Series A rounds announced in Cybersecurity in the last twelve months. Half of them raised between $15M and $35M; one in ten raised more than $52M.

Which rounds are counted?

Rounds announced in the last twelve months with a stated amount and stage, each read from a named article or filing. A page is only published where at least 30 rounds stand behind it.

Are these figures biased?

Towards larger rounds, yes. Big rounds are announced; many small ones never are. So the true typical round is probably a little smaller than the figure here, especially at pre-seed and seed.

How often does it change?

The figures are recounted from the record every night, as new rounds are read.