# Median Series A round in Cybersecurity (2026)

> The median Series A round in Cybersecurity is $25M, from 58 rounds announced in the last 12 months. Half raised between $15M and $35M.

Source: https://millionrounds.com/benchmarks/series-a/cybersecurity (Millionrounds; every figure on the page links to its filing or article)

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 rounds[All benchmarks](https://millionrounds.com/benchmarks)

Series A Cybersecurity

Median round

**$25M**

$9.1M 1 in 10 below $15M – $35M middle half $52M 1 in 10 above

58 rounds counted · recounted nightly

Rounds counted **58** Series A rounds in Cybersecurity, last 12 months

Against worldwide **+25%** vs the $20M worldwide median

Since last round **28 mo** median gap, from 10 companies we saw raise before

Lead named **91%** 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 Q4 5 rds

$11M '25 Q1 8 rds

$15M '25 Q2 7 rds

'25 Q3 4 rds

$29M '25 Q4 8 rds

$22M '26 Q1 19 rds

$29M '26 Q2 10 rds

$26M '26 Q3 16 rds

Who leads

## The most active leads

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

- [1 **Sequoia Capital** 3 led](https://millionrounds.com/fund/sequoia-capital)
- [2 **Accel** 2 led](https://millionrounds.com/fund/accel)
- [3 **8VC** 2 led](https://millionrounds.com/fund/8vc)
- [4 **Partech Ventures** 2 led](https://millionrounds.com/fund/partech)
- [5 **Balderton Capital** 2 led](https://millionrounds.com/fund/balderton-capital)
- [6 **M13** 2 led](https://millionrounds.com/fund/m13)

Recent examples

## Series A rounds in Cybersecurity, latest first

- [**Overwatch** 26 Oct 2026 · Mouro Capital $15M -40%](https://millionrounds.com/company/overwatch)
- [**Opsin** 15 Oct 2026 · Race Capital $21M -16%](https://millionrounds.com/company/opsin)
- [**Baselayer** 22 Sept 2026 · M13 $35M +40%](https://millionrounds.com/company/baselayer)
- [**Laki Power** 17 Sept 2026 · NATO Innovation Fund (NIF) $6.9M -72%](https://millionrounds.com/company/laki-power)
- [**Cymphony** 9 Sept 2026 · Sequoia Capital $30M +20%](https://millionrounds.com/company/cymphony)
- [**QNu Labs** 9 Sept 2026 · Speciale Invest $21M -16%](https://millionrounds.com/company/qnu-labs)
- [**Velatir** 20 Aug 2026 · Spintop Ventures $5.8M -77%](https://millionrounds.com/company/velatir)
- [**Baselayer** 3 Aug 2026 · Not named $20M -20%](https://millionrounds.com/company/baselayer)

**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](https://millionrounds.com/methodology).

Other stages in Cybersecurity

[**Seed** $10M](https://millionrounds.com/benchmarks/seed/cybersecurity)[**Series B** $58M](https://millionrounds.com/benchmarks/series-b/cybersecurity)

Series A elsewhere

[**AI** $21M](https://millionrounds.com/benchmarks/series-a/ai)[**United States** $25M](https://millionrounds.com/benchmarks/series-a/united-states)[**Fintech** $16M](https://millionrounds.com/benchmarks/series-a/fintech)[**Healthcare** $20M](https://millionrounds.com/benchmarks/series-a/healthcare)[**United Kingdom** $14M](https://millionrounds.com/benchmarks/series-a/united-kingdom)[**Robotics** $28M](https://millionrounds.com/benchmarks/series-a/robotics)[**Biotech** $32M](https://millionrounds.com/benchmarks/series-a/biotech)[**Construction** $23M](https://millionrounds.com/benchmarks/series-a/construction)[**Big Data & Analytics** $21M](https://millionrounds.com/benchmarks/series-a/big-data)[**Software** $18M](https://millionrounds.com/benchmarks/series-a/software)[**Energy** $26M](https://millionrounds.com/benchmarks/series-a/energy)[**Manufacturing** $19M](https://millionrounds.com/benchmarks/series-a/manufacturing)[**Enterprise Software** $21M](https://millionrounds.com/benchmarks/series-a/enterprise-software)[**India** $10M](https://millionrounds.com/benchmarks/series-a/india)[**Logistics** $13M](https://millionrounds.com/benchmarks/series-a/logistics)[**Defence Tech** $25M](https://millionrounds.com/benchmarks/series-a/defensetech)[**Hardware & Electronics** $25M](https://millionrounds.com/benchmarks/series-a/hardware)[**Financial Services** $20M](https://millionrounds.com/benchmarks/series-a/financial-services)[**Climate Tech** $15M](https://millionrounds.com/benchmarks/series-a/climate)[**Australia** $15M](https://millionrounds.com/benchmarks/series-a/australia)[**Healthtech** $13M](https://millionrounds.com/benchmarks/series-a/healthtech)[**SaaS** $17M](https://millionrounds.com/benchmarks/series-a/saas)

## Raising a Series A round?

See who leads rounds like yours, and check your raise before you pitch.

[Take the Fundability Test](https://millionrounds.com/fundability)[Or find investors](https://millionrounds.com/investor-database)

## 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.
