PitchBook年二季度网络安全风险投资趋势（英）

EMERGING TECH RESEARCHQ22025Cybersecurity VC TrendsVC activity across the cybersecurity ecosystemREPORT PREVIEWThe full report is available through the PitchBook Platform.CONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 2ContentsQ2 2025 Cybersecurity VC TrendsInstitutional Research GroupAnalysisDataOscar Allaway Data Analystpbinstitutionalresearch@pitchbook.comPublishingReport designed by Adriana Hansen, Josie Doan, and Megan WoodardPublished on August 29, 2025Cybersecurity landscape 3Cybersecurity VC ecosystem market map 4VC activity 5Cybersecurity VC deal summary 23Dimitri Zabelin Senior Research Analyst, AI and Cybersecurity dimitri.zabelin@pitchbook.comCONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 3Q2 2025 Cybersecurity VC TrendsCybersecurity landscape34512Application securitySecurity operationsData securityIdentity & access managementEndpoint securityNetwork security34512CONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 4Q2 2025 Cybersecurity VC TrendsThis market map is an overview of venture-backed or growth-stage companies that had received venture capital or other notable private investments as of Q2 2025. Click to view the latest interactive map on the PitchBook Platform.Application securityAI protectionDevelopment operations (DevOps) security platformsCloud workload protection platformsWeb application protectionWeb3 securitySecurity operationsLog ingestion & security information & event management (SIEM) Managed security services01 InnovationsSecure networkingSecurity orchestration, automation & response (SOAR)Data securityData privacy & complianceDatabase monitoring & loss preventionData protection & encryptionIdentity & access managementAccess managementIdentity governance & administrationFraud preventionEndpoint securityAntiphishing platformsInternet of Things (IoT)/operational technology (OT) securityEndpoint protection, detection & responseNetwork securityCloud securitySecure networkingNetwork detection & responseAensisSecurity risk assessment & management4iQCybersecurity VC ecosystem market mapCONFIDENTIAL. NOT FOR REDISTRIBUTION. PG 5Q2 2025 Cybersecurity VC TrendsVC activityExecutive summaryIn Q2 2025, cybersecurity deal value surged to over $4 billion across 163 transactions, marking the strongest quarter since Q2 2022. Capital continued to concentrate in venture-growth and late-stage VC rounds as investors favored mature platforms with scaling potential. Data security led all segments with a nearly 420% QoQ jump in deal value, reflecting heightened demand for AI-driven protection against evolving threats. Network security rose more than 250% in deal value, supported by platform-building M&A strategies. Identity & access management (IAM) posted a roughly 94% decline in deal value, highlighting investor caution toward segments with slower deployment and deeper integration requirements. Exit activity remained muted, with acquisitions dominating other exit routes and IPOs constrained by macroeconomic uncertainty. The quarter’s standout deal was C