Cybersecurity is splitting along two axes this quarter: valuation and capital allocation. AGC’s Q2 Cybersecurity Market Update examines both sides of that divide. On pricing, AI is compressing legacy SaaS multiples while opening new attack surfaces that demand more spend. The result is a widening gap. A handful of platforms now trade above 20x revenue, while much of the sector sits at 6 to 7x. Capital has split by vintage. Fresh funding is rotating into early-stage, AI-native companies, while the record sums raised at 2021–22 peaks look increasingly stranded, with no cyber IPOs in H1 ‘26 and dozens of unicorns still private. For the profitable, growing companies that remain scarce in this market, that's an argument to engage sooner rather than later. Request access to the full report through the link in the comments. Authors: Maria Lewis Kussmaul Eric Davis Russell Workman Meghana Reddy #Cybersecurity #CapitalMarkets #TechMandA #AI

Pleased to share AGC’s Q2 Cybersecurity Market Update and look forward to trading notes with many of you at Black Hat this week. Link to report in comments.

Pleased to share AGC’s Q2 Cybersecurity Market Update - our report from the "pointy end of the spear" in cyber financing and M&A!

🔐 Investment News | Above Security Secures Strategic Backing from CrowdStrike Falcon Fund Tel Aviv-based Above Security has received a strategic investment from the CrowdStrike Falcon Fund to accelerate the growth of its AI-native insider threat protection platform. While the financial terms were not disclosed, the investment will support: 🚀 Expansion of operations 🤖 Continued AI platform development 🛡️ Advancement of insider risk detection capabilities Led by CEO Aviv Nahum, Above Security provides a managed insider risk protection platform powered by autonomous AI investigators. The platform continuously analyzes user behavior across SaaS applications, internal systems, identities, data movement, and workflows to identify potential insider threats before incidents occur. It also delivers real-time monitoring, behavioral timelines, risk reasoning, and actionable insights for security, HR, and legal teams. As insider threats become increasingly complex, AI-powered behavioral intelligence is emerging as a critical layer of enterprise cybersecurity. Amir Boldo tricia howard Amit Slutzky #InvestmentNews #CyberSecurity #AI #InsiderThreat #EnterpriseSecurity #StartupFunding #SecurityOperations #ArtificialIntelligence #BusinessNews #VentureCapital

Cyber M&A Heads for Record Year Dealmaking in cybersecurity soared in the first half, turbocharged by a thirst for the AI security startups that are remaking the sector https://lnkd.in/e2zV_hKw

Cyera reportedly agreed to acquire Oasis Security for $1 billion, highlighting growing demand around nonhuman identity management. The Wall Street Journal reports that the deal centers on securing identities for AI agents, service accounts, machine credentials, and other nonhuman actors inside enterprise systems. The broader signal is that as agents gain access to tools and data, identity becomes a core security category. The next enterprise security gap may be knowing which nonhuman actors exist, what they can access, and whether their permissions still make sense. https://lnkd.in/gYjr9C4N #AI #Cybersecurity #IdentitySecurity #NonhumanIdentity #AIAgents #EnterpriseSecurity

As family offices face growing complexity, proactive planning has never been more important. Andersen's 2026 Wealth Planning Strategies and Leading Practices Guide examines key topics including AI, cybersecurity, talent strategies, real estate, and wealth preservation to help families navigate the future with confidence. Access the full guide: https://lnkd.in/eWVtQcx8 #FamilyOffice #WealthPlanning #GenerationalWealth #PrivateWealth #ThoughtLeadership

Recent investment activity suggests enterprise cybersecurity is placing increasing emphasis on managing non-human identities. Cyera's agreement to acquire Oasis Security highlights how strategic this problem has become. The more interesting signal is not the roughly one billion dollar price. It is why a buyer was willing to pay it. Non-human identities, including AI agents, service accounts, tokens, and digital keys, are becoming one of enterprise security's fastest-growing governance challenges. In many large environments they already outnumber human identities, and every AI agent an organization deploys introduces new non-human identities that have to be governed. Traditional identity infrastructure was designed primarily for people. Today's infrastructure must increasingly govern autonomous software that can access systems, invoke tools, and interact with other AI. There is a simple way to think about what that requires. Identity establishes who can act. Governance establishes the rules for what they are allowed to do. Trust proves what actually happened. The third layer is also the hardest and most expensive to retrofit. When someone outside the company asks you to prove, later, what your systems were allowed to do and actually did, that evidence has to already exist. It cannot be reconstructed after the fact. As AI systems become more autonomous, proving events becomes just as important as preventing them. And eventually that evidence has to rest on cryptographic trust that can survive a post-quantum world. At what point does managing non-human identities stop being a security function and become core enterprise infrastructure? The deal that prompted this discussion: https://lnkd.in/gYjr9C4N #OkuraLabs #OkuraPrivacy #TrustInfrastructure #AISecurity #MachineIdentity #EnterpriseSecurity #DigitalTrust #CyberSecurity #CriticalInfrastructure

💰 $1 BILLION Deal Alert: Cyera Snaps Up Oasis Security to Lock Down the Wild West of AI Agents AI agents are multiplying inside your enterprise — and most companies have NO idea what they're doing. That's not a hypothetical. It's the exact problem a $12 billion cybersecurity company just spent $1 billion to solve. Cyera — fresh off a $600M raise — has signed a letter of intent to acquire Oasis Security for ~$1B, mostly in cash. Here's why this deal matters more than the price tag: 🤖 AI agents are the new attack surface. These aren't just chatbots. AI agents are accessing sensitive systems, executing tasks, and making decisions — often with little oversight. Every new agent is a potential vulnerability. 🔐 Non-human identities are the blind spot no one's talking about. Oasis Security specializes in securing exactly this: the identities of AI agents and automated systems. Who gave that agent access? What can it touch? Is it behaving normally? These are questions most security stacks can't answer yet. 🏗️ Cyera is building the unified platform for the AI era. This is Cyera's 3rd acquisition this year (following Ryft and Genie Security). The vision is clear: a single platform that covers both data security AND identity security — because in an AI-driven world, you can't have one without the other. The bottom line? The companies deploying AI agents the fastest are also creating the most risk. Security can't be an afterthought when your AI has the keys to the kingdom. The $1B question isn't whether AI agent security matters. It's whether your organization is taking it seriously before something goes wrong. 🔗 Read the full story on TechCrunch: https://lnkd.in/eAAdUwxb Is your company thinking about AI agent security? What guardrails do you have in place? Drop your thoughts below 👇 #AIAgents #Cybersecurity #ArtificialIntelligence #DataSecurity #MergersAndAcquisitions #TechNews #EnterpriseAI #AIStrategy

Balance Theory Raises $19M Series A Balance Theory, a Columbia, Maryland-based AI-native platform designed to assist CISOs in managing cybersecurity investments and decision-making processes, has raised $19 million in a Series A funding round. #Cybersecurity #AI #Enterprise #AIPlatform #CISO #CyberDefense #SecurityOperations #SeriesA #Funding #BalanceTheory https://lnkd.in/gVNCi4xz