Cybersecurity Funding Declines in Q3 2024: Pinpoint Search Group Report Suggests VC Funding Stabilization | PR Newswire [Video]

, /PRNewswire/ — Pinpoint Search Group, a leading cybersecurity recruitment firm in the U.S., has released the findings of its Q3 2024 cybersecurity funding report. The report shows a decline in both the number of transactions and the total funding raised compared to Q3 2023. The findings also suggest that venture capital funding for cybersecurity vendors is stabilizing.

In Q3 2024, Pinpoint Search Group’s research team recorded 86 transactions in the cybersecurity vendor space, totaling $2.15 billion across 73 funding rounds and 13 M&A events. This represents approximately an 18 percent decrease in transaction volume from 89 in Q3 2023 and a five percent decrease in fundraising from the previous year’s $2.3 billion.

Despite the year-over-year decline in the number of transactions and total funding raised in Q3 2024, venture capital funding for cybersecurity vendors seems to be stabilizing following the highs of 2021 and the slowdown in 2022. Over the past …