Evolution Equity Partners || Evolution Cyber Deal Monitor

EEP Portfolio Milestone

• 🔥 Cyera $600M Series G: Evolution Equity Partners led Cyera's $600M Series G at a $12B valuation, with participation...

• Rigged economics: Only 5-10% of venture-backed cyber startups survive, forced to deliver massive returns
• Valuation collapses: IronNet, Lacework...

OpenAI's confidential S-1 filing joins Anthropic and SpaceX in a rush toward public markets, with the trio potentially leading the largest IPOs on...

FusionAuth's Brian Bell discusses AI agent identity and CIAM security in a new interview, leveraging 20+ years scaling enterprise software through IPOs, PE deals, and acquisitions. Relevant to the IAM thesis amid rising AI-driven identity needs.

Evolution Equity Partners led Cyera's $600 million Series G at a $12 billion valuation, quadrupling its worth in 18 months and bringing total funding...

Intel 471 released the CTI Maturity Pulse Check, a free 10-15 minute self-assessment based on the CTI-CMM v1.3 framework that helps practitioners...

AI Security M&A Momentum

• 🔥 PANW Portkey Acquisition: Palo Alto Networks acquired Portkey to expand Prisma AIRS with runtime inspection, agent...

Predictive analytics cybersecurity services represent a high-growth sub-segment, expanding from USD 6.8 billion in 2026 to USD 25.0 billion by 2034 at...

• Current board reports frame cybersecurity as a compliance checklist rather than material business risk, even as 98% of directors expect rising...

OpenAI has confidentially filed for an IPO after raising over $180 billion, trailing Anthropic's $965 billion valuation and recent filing amid fierce competition from Google and xAI.

Palo Alto Networks is accelerating in AI security and identity even as shares fell 9% after Q3 results.

• FedRAMP High authorization for Idira now...

• M&A focus sharpens: Akamai, Infoblox, and others acquired AI specialists in May to address agentic threats and browser controls.
• Market split...

SPAM's 27.5% gain through early June 2026 more than triples the S&P 500's 8.2% return, validating cybersecurity as durable infrastructure amid...

2026 Cybersecurity Reports

• 🔥 KPMG Report Flags Non-Human Identities: KPMG’s 2026 cybersecurity report names non-human identities as one of...

NASCIO-Deloitte, SANS, and KPMG reports converge on CISO challenges that point to clear investment themes.

• State CISO confidence plunged from 48%...

Two deals in 48 hours map the emerging enterprise AI agent architecture.

• Asana acquired StackAI (~$75M) for the execution layer, enabling no-code...

AI Funding Momentum

• 🔥 Anthropic's Massive Round: Anthropic is set to close a funding round exceeding US$30 billion at a valuation above US$900...

President Trump's delay of the AI security executive order introduces fresh regulatory uncertainty around frontier model testing. The draft had...

Anthropic's $30B+ round at $900B+ valuation reflects surging investor appetite for frontier AI models that include enterprise cybersecurity tools, backed by 80x revenue growth and a $50B annualized run rate.

Self-service account recovery in Microsoft Entra offers enterprises a rare win-win on cost and risk.

• Cost impact: 20-50% of helpdesk calls are...