Power Law outcomes
Cybersecurity unicorns
Dealroom tracks 161 unicorns in Cybersecurity — companies that reached a verified $1B+ valuation — worth $1.2T combined, plus 34 thoroughbreds generating $100M+ in annual revenue. Updated July 2026.
161Unicorns ($1B+ valuation)
13Valued at $10B or more
34Thoroughbreds ($100M+ revenue)
$1.2TCombined unicorn valuation
Every Cybersecurity unicorn
All 161 companies in Cybersecurity that reached a verified $1B+ valuation, ranked by latest valuation. Click a company for its full Dealroom profile.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Arista Networks | Santa Clara | United States | 2004 | $202B | IPO 2014 |
| 2 | Palo Alto Networks | Santa Clara | United States | 2005 | $143B | IPO 2012 |
| 3 | Equinix | Redwood City | United States | 1998 | $128B | IPO 2000 |
| 4 | CrowdStrike | Austin | United States | 2011 | $110B | IPO 2019 |
| 5 | Cloudflare | San Francisco | United States | 2009 | $74B | IPO 2019 |
| 6 | Wiz | New York City | United States | 2020 | $32B | Private |
| 7 | CyberArk | Newton | United States | 1999 | $20B | IPO 2014 |
| 8 | Zscaler | San Jose | United States | 2008 | $20B | IPO 2018 |
| 9 | Akamai | Cambridge | United States | 1998 | $19B | IPO 1999 |
| 10 | F5 | Seattle | United States | 1996 | $17B | IPO 1999 |
| 11 | Veeam | Kirkland | United States | 2006 | $15B | Private |
| 12 | Check Point | San Carlos | United States | 1993 | $14B | IPO 1996 |
| 13 | Proofpoint | Sunnyvale | United States | 2002 | $12B | IPO 2012 |
| 14 | Okta | San Francisco | United States | 2009 | $11B | IPO 2017 |
| 15 | Nutanix | Seattle | United States | 2009 | $11B | IPO 2016 |
| 16 | Cyera | San Mateo | United States | 2021 | $9B | Private |
| 17 | Core Scientific | Austin | United States | 2017 | $9B | Private |
| 18 | Tanium | Kirkland | United States | 2007 | $9B | Private |
| 19 | Dropbox | San Francisco | United States | 2007 | $8.3B | IPO 2018 |
| 20 | Lacework | San Jose | United States | 2015 | $8.3B | Private |
| 21 | Snyk | Boston | United States | 2015 | $7.4B | Private |
| 22 | HashiCorp | San Francisco | United States | 2012 | $7.1B | IPO 2021 |
| 23 | Cohesity | San Jose | United States | 2013 | $7B | Private |
| 24 | FluidStack | New York City | United States | 2017 | $7B | Private |
| 25 | 1Password | Toronto | Canada | 2005 | $6.8B | Private |
| 26 | MuleSoft | San Francisco | United States | 2006 | $6.5B | IPO 2017 |
| 27 | Auth0 | Bellevue | United States | 2013 | $6.5B | Private |
| 28 | Avast | Prague | Czechia | 1988 | $6.3B | Private |
| 29 | Datto | Norwalk | United States | 2007 | $6.2B | Private |
| 30 | SailPoint Technologies | Austin | United States | 2005 | $6.2B | IPO 2017 |
| 31 | Mimecast | London | United Kingdom | 2003 | $5.8B | IPO 2015 |
| 32 | SandboxAQ | Palo Alto | United States | 2016 | $5.8B | Private |
| 33 | Mandiant | Reston | United States | 2004 | $5.4B | Private |
| 34 | Cloudera | Santa Clara | United States | 2008 | $5.3B | IPO 2017 |
| 35 | AVA Labs | San Francisco | United States | 2018 | $5.3B | Private |
| 36 | Abnormal Security | San Francisco | United States | 2018 | $5.1B | Private |
| 37 | Icertis | Bellevue | United States | 2009 | $5B | Private |
| 38 | NinjaOne | Austin | United States | 2013 | $5B | Private |
| 39 | Cato Networks | Tel Aviv-Yafo | Israel | 2015 | $4.8B | Private |
| 40 | Darktrace | Cambridge | United Kingdom | 2013 | $4.5B | IPO 2021 |
| 41 | OneTrust | Atlanta | United States | 2016 | $4.5B | Private |
| 42 | Island | Dallas | United States | 2020 | $4.5B | Private |
| 43 | SentinelOne | Mountain View | United States | 2013 | $4.4B | IPO 2021 |
| 44 | GoTo | LogMeIn | Boston | United States | 2003 | $4.3B | IPO 2009 |
| 45 | Elastic | Mountain View | United States | 2012 | $4.3B | IPO 2018 |
| 46 | FireEye | Milpitas | United States | 2004 | $4.2B | IPO 2013 |
| 47 | Vanta | San Francisco | United States | 2018 | $4.2B | Private |
| 48 | Eon | New York City | United States | 2024 | $4B | Private |
| 49 | Box | Redwood City | United States | 2005 | $4B | IPO 2015 |
| 50 | Imperva | San Mateo | United States | 2002 | $3.6B | IPO 2011 |
| 51 | Netskope | Santa Clara | United States | 2012 | $3.6B | IPO 2025 |
| 52 | Acronis | Schaffhausen | Switzerland | 2002 | $3.5B | Private |
| 53 | ReliaQuest | Tampa | United States | 2007 | $3.4B | Private |
| 54 | Chronosphere | New York City | United States | 2019 | $3.4B | Private |
| 55 | Qi An Xin | Dongcheng District | China | 2016 | $3B | Private |
| 56 | Nord Security | Vilnius | Lithuania | 2012 | $3B | Private |
| 57 | Aiven | Helsinki | Finland | 2016 | $3B | Private |
| 58 | Infoblox | Santa Clara | United States | 1999 | $3B | IPO 2012 |
| 59 | Saviynt | El Segundo | United States | 2010 | $3B | Private |
| 60 | Life360 | San Francisco | United States | 2008 | $2.9B | IPO 2019 |
| 61 | Varonis Systems | New York City | United States | 2005 | $2.9B | IPO 2014 |
| 62 | Illumio | Sunnyvale | United States | 2013 | $2.8B | Private |
| 63 | Qualys | Redwood City | United States | 1999 | $2.8B | IPO 2012 |
| 64 | JumpCloud | Louisville | United States | 2012 | $2.6B | Private |
| 65 | Unico | São Paulo | Brazil | 2007 | $2.6B | Private |
| 66 | Axonius | New York City | United States | 2017 | $2.6B | Private |
| 67 | Ping Identity Corporation | Denver | United States | 2002 | $2.6B | Private |
| 68 | Tenable | Columbia | United States | 2002 | $2.5B | IPO 2018 |
| 69 | GitLab | San Francisco | United States | 2014 | $2.5B | IPO 2021 |
| 70 | Exclusive Networks | Paris | France | 2003 | $2.4B | Private |
| 71 | Exabeam | Foster City | United States | 2013 | $2.4B | Private |
| 72 | Bitsight | Boston | United States | 2011 | $2.4B | Private |
| 73 | Duo Security | Ann Arbor | United States | 2010 | $2.4B | Private |
| 74 | Transmit Security | Tel Aviv-Yafo | Israel | 2014 | $2.2B | Private |
| 75 | Carbon Black | Palo Alto | United States | 2002 | $2.2B | IPO 2018 |
| 76 | Persona | San Francisco | United States | 2018 | $2B | Private |
| 77 | ID.me | McLean | United States | 2010 | $2B | Private |
| 78 | Aviatrix Systems | Santa Clara | United States | 2014 | $2B | Private |
| 79 | Drata | San Diego | United States | 2020 | $2B | Private |
| 80 | Druva | Santa Clara | United States | 2008 | $2B | Private |
| 81 | WorkOS | San Francisco | United States | 2019 | $2B | Private |
| 82 | CertiK | New York City | United States | 2017 | $2B | Private |
| 83 | Devo | Cambridge | United States | 2011 | $2B | Private |
| 84 | ForeScout | San Jose | United States | 2000 | $1.9B | IPO 2017 |
| 85 | Own Company | Englewood Cliffs | United States | 2015 | $1.9B | Private |
| 86 | ForgeRock | San Francisco | United States | 2010 | $1.8B | IPO 2021 |
| 87 | Orca Security | Portland | United States | 2019 | $1.8B | Private |
| 88 | A10 Networks | San Jose | United States | 2004 | $1.8B | IPO 2014 |
| 89 | Kape Technologies | London | United Kingdom | 2011 | $1.7B | IPO 2014 |
| 90 | Dragos | Hanover | United States | 2016 | $1.7B | Private |
| 91 | Securiti | San Jose | United States | 2018 | $1.7B | Private |
| 92 | AvePoint | Jersey City | United States | 2001 | $1.7B | Private |
| 93 | INFINIDAT | Herzliya | Israel | 2011 | $1.6B | Private |
| 94 | Barracuda Networks | Campbell | United States | 2003 | $1.6B | Private |
| 95 | Aura | Burlington | United States | 2019 | $1.6B | Private |
| 96 | Venafi | Salt Lake City | United States | 2004 | $1.5B | Private |
| 97 | Upwind | San Francisco | United States | 2022 | $1.5B | Private |
| 98 | Veriff | Tallinn | Estonia | 2015 | $1.5B | Private |
| 99 | Render | San Francisco | United States | 2018 | $1.5B | Private |
| 100 | Huntress | Columbia | United States | 2015 | $1.5B | Private |
| 101 | Tailscale | Toronto | Canada | 2019 | $1.4B | Private |
| 102 | Salt Security | Palo Alto | United States | 2016 | $1.4B | Private |
| 103 | Thycotic Software | Redwood City | United States | 1996 | $1.4B | Private |
| 104 | Panther Labs | San Francisco | United States | 2018 | $1.4B | Private |
| 105 | Cylance | Irvine | United States | 2012 | $1.4B | Private |
| 106 | AVG | Brno | Czechia | 1991 | $1.3B | IPO 2012 |
| 107 | BioCatch | Tel Aviv-Yafo | Israel | 2011 | $1.3B | Private |
| 108 | YugaByte | Sunnyvale | United States | 2016 | $1.3B | Private |
| 109 | Helium | San Francisco | United States | 2013 | $1.2B | Private |
| 110 | BigPanda | Redwood City | United States | 2012 | $1.2B | Private |
| 111 | Zyber 365 | London | United Kingdom | 2023 | $1.2B | Private |
| 112 | IronNet Cybersecurity | McLean | United States | 2014 | $1.2B | Private |
| 113 | Vectra | San Jose | United States | 2011 | $1.2B | Private |
| 114 | Torq | Denver | United States | 2020 | $1.2B | Private |
| 115 | Sumo Logic | Redwood City | United States | 2010 | $1.2B | IPO 2020 |
| 116 | Sysdig | San Francisco | United States | 2013 | $1.2B | Private |
| 117 | Checkmarx | Atlanta | United States | 2006 | $1.1B | Private |
| 118 | Tines | Dublin | Ireland | 2018 | $1.1B | Private |
| 119 | Coralogix | Boston | United States | 2014 | $1.1B | Private |
| 120 | Beyond Identity | New York City | United States | 2020 | $1.1B | Private |
| 121 | Beekeeper | Zurich | Switzerland | 2012 | $1.1B | Private |
| 122 | Humanity Protocol | Central and Western District | Hong Kong | 2024 | $1.1B | Private |
| 123 | Material Security | Redwood City | United States | 2017 | $1.1B | Private |
| 124 | eSentire | Waterloo | Canada | 2001 | $1.1B | Private |
| 125 | Teleport | Oakland | United States | 2015 | $1.1B | Private |
| 126 | Cyberhaven | Boston | United States | 2015 | $1B | Private |
| 127 | XBOW | Seattle | United States | 2024 | $1B | Private |
| 128 | Aikido Security | Ghent | Belgium | 2022 | $1B | Private |
| 129 | Aqua Security | Burlington | United States | 2015 | $1B | Private |
| 130 | Intellifusion | Shenzhen | China | 2014 | $1B | Private |
| 131 | Immuta | Boston | United States | 2015 | $1B | Private |
| 132 | BigID | New York City | United States | 2016 | $1B | Private |
| 133 | Kiteworks | Palo Alto | United States | 1999 | $1B | Private |
| 134 | Bugcrowd | San Francisco | United States | 2012 | $1B | Private |
| 135 | Expel | Herndon | United States | 2016 | $1B | Private |
| 136 | Pentera | Burlington | United States | 2015 | $1B | Private |
| 137 | Shape Security | Seattle | United States | 2011 | $1B | Private |
| 138 | Semperis | Hoboken | United States | 2013 | $1B | Private |
| 139 | Solo.io | Cambridge | United States | 2017 | $1B | Private |
| 140 | JupiterOne | Morrisville | United States | 2018 | $1B | Private |
| 141 | Interos | Arlington | United States | 2004 | $1B | Private |
| 142 | Veza | Palo Alto | United States | 2020 | $1B | Private |
| 143 | Halcyon | Austin | United States | 2021 | $1B | Private |
| 144 | CHEQ | New York City | United States | 2016 | $1B | Private |
| 145 | Contrast Security | Pleasanton | United States | 2014 | $1B | Private |
| 146 | Noventiq | London | United Kingdom | 1993 | $1B | IPO 2021 |
| 147 | ThreatLocker | Orlando | United States | 2017 | $1B | Private |
| 148 | Hornetsecurity | Hanover | Germany | 2007 | $1B | Private |
| 149 | Tabular | San Jose | United States | 2021 | $1B | Private |
| 150 | Rapid7 | Boston | United States | 2000 | $884M | IPO 2015 |
| 151 | GBG | Chester | United Kingdom | 1989 | $741M | IPO 1999 |
| 152 | KORE Wireless | Alpharetta | United States | 2003 | $433M | Private |
| 153 | ZeroFOX | Baltimore | United States | 2013 | $141M | Private |
| 154 | Hub Security | Tel Aviv-Yafo | Israel | 2017 | $52M | Private |
| 155 | Latch | Olivette | United States | 2014 | $39M | Private |
| 156 | Nicira Networks | Palo Alto | United States | 2007 | — | Private |
| 157 | NetScreen Technologies | Sunnyvale | United States | 1997 | — | IPO 2001 |
| 158 | Fusion-io | Salt Lake City | United States | 2006 | — | Private |
| 159 | SCM Microsystems | Fremont | United States | 1990 | — | Private |
| 160 | Lookout | Boston | United States | 2007 | — | Private |
| 161 | Sourcefire | Columbia | United States | 2001 | — | IPO 2007 |
Thoroughbreds — the $100M+ revenue tier
Dealroom's revenue milestone: 34 Cybersecurity companies past $100M in annual revenue, proof of traction beyond paper valuations.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Arkeia Software | Carlsbad | United States | 1996 | $141B | Private |
| 2 | Fortinet | Sunnyvale | United States | 2000 | $61B | IPO 2009 |
| 3 | VeriSign Authentication Services | Reston | United States | 1995 | $26B | IPO 1998 |
| 4 | Juniper Networks | Sunnyvale | United States | 1996 | $14B | IPO 1999 |
| 5 | Ontic Technologies | Austin | United States | 2017 | $1.4B | Private |
| 6 | TOPSEC | China | China | 1995 | $1.2B | IPO 2008 |
| 7 | A-LIGN | Tampa | United States | 2009 | $1B | Private |
| 8 | ExtraHop Networks | Seattle | United States | 2007 | $900M | Private |
| 9 | MobileIron | Mountain View | United States | 2007 | $872M | IPO 2014 |
| 10 | Radware | Tel Aviv-Yafo | Israel | 1997 | $869M | IPO 1999 |
| 11 | PKSHA Technology | Tokyo | Japan | 2012 | $731M | IPO 2017 |
| 12 | Cybereason | Boston | United States | 2012 | $720M | Private |
| 13 | BitDefender | Bucharest | Romania | 2001 | $600M | Private |
| 14 | Hillstone Networks | Sunnyvale | United States | 2006 | $488M | IPO 2019 |
| 15 | Guardio | Tel Aviv-Yafo | Israel | 2018 | $480M | Private |
| 16 | Tufin | Boston | United States | 2004 | $474M | IPO 2019 |
| 17 | DuckDuckGo | Philadelphia | United States | 2008 | $354M | Private |
| 18 | Silk | Needham | United States | 2008 | $330M | Private |
| 19 | Yubico | Palo Alto | United States | 2007 | $321M | Private |
| 20 | Nuix | Sydney | Australia | 2000 | $307M | IPO 2020 |
| 21 | Malwarebytes | Santa Clara | United States | 2008 | $300M | Private |
| 22 | Inside Secure | Meyreuil | France | 1995 | $286M | IPO 2012 |
| 23 | Allot Communications | Hod Hasharon | Israel | 1996 | $279M | IPO 2006 |
| 24 | Tobii | Danderyd | Sweden | 2001 | $116M | IPO 2015 |
| 25 | Edgio | Tempe | United States | 2001 | $64M | IPO 2007 |
| 26 | Agilisys | London | United Kingdom | 1998 | — | Private |
| 27 | Alert Logic | Houston | United States | 2002 | — | Private |
| 28 | Keeper Security | Chicago | United States | 2011 | — | Private |
| 29 | Total Security | Fareham | United Kingdom | 2016 | — | Private |
| 30 | Antares Vision Group | Travagliato | Italy | 2007 | — | IPO 2019 |
| 31 | Mozilla | Mountain View | United States | 2005 | — | Private |
| 32 | Optiv | Denver | United States | 2015 | — | Private |
| 33 | Egnyte | Mountain View | United States | 2007 | — | Private |
| 34 | Natilik | London | United Kingdom | 1992 | — | Private |
Frequently asked questions
How many Cybersecurity unicorns are there?
Dealroom tracks 161 Cybersecurity companies that reached a $1B+ valuation as of July 2026, worth $1.2T combined. 13 of them are valued at $10B or more.
What are the biggest Cybersecurity unicorns?
The three most valuable are Arista Networks, Palo Alto Networks, Equinix.
What counts as a unicorn — and what is a thoroughbred?
A unicorn is a company that reached a $1B+ valuation, verified by Dealroom. A thoroughbred is Dealroom's revenue-based tier: a startup-era company generating $100M+ in annual revenue — traction, not just paper valuation.