Cyberattacks are projected to cost $10.3T in 2025. If cybercrime were a country, it would be the third-largest economy on Earth, right behind the U.S. and China. With every sector under sustained assault, cybersecurity has become a board-level imperative. Organizations are responding with increased investment, raising security budgets by an average of 27% this year.
Capital is concentrating in high-performing, later-stage companies with strong fundamentals. While early-stage funding remains selective, $100M+ rounds and late-stage deals are surging. Public cybersecurity valuations are sharply bifurcated, rewarding top operators with premium multiples. Meanwhile, macro volatility has suppressed IPOs but spurred urgency around M&A, especially for differentiated, AI-enabled assets.
The market continues to evolve, with innovation accelerating in areas such as cloud and identity security, AI-native threat detection, and data protection. As attack surfaces expand and regulations mount, the need for resilient platforms and proven execution has never been more critical.
At AGC, we are proud to be the most active middle-market cybersecurity investment bank, with 7 cyber deals closed in the last 18 months. We remain deeply engaged with the sector’s leading strategics, investors, and innovators.
© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
