Cybersecurity USA: The Country’s Most Well-Funded Cybersecurity Startups On One Map

The United States is home to approximately 63% of the world’s privately-owned cybersecurity companies. Of those, the lion’s share (33%) are based in California. However, several other US states are also notable for their share of the nation’s cybersecurity startups.

In fact, 8 other US states are home to at least 3% of the country’s cybersecurity startups. These are (in descending order): Virginia, Massachusetts, New York, Texas, Maryland, Florida, Colorado, and Washington. Together, these states comprise our list of 9 “cyber-states” in the US.

While there are still notable cybersecurity companies with headquarters elsewhere in the US, no other US state is home to more than 3% of America’s investor-backed cybersecurity startups.

Using CB Insights data, we mapped the most well-funded cybersecurity companies based in each of the 9 cyber-states listed above. We also rounded up a list of all the cybersecurity startups across all 50 states that have raised $100M+ as of 9/25/2017.

We define cybersecurity startups as tech-enabled companies that offer products and services for which the primary use case is the protection of digital and/or physical assets from unauthorized access and malicious use by cyber criminals.

Check out the infographic below for a complete view of top the cybersecurity companies in each cyber-state and their total disclosed funding.

Top “cyber-state” companies 

The most well-funded privately-owned cybersecurity company in the US is the California-based endpoint protection company Tanium, with $395M in total disclosed funding (as of 9/26/17).

Following Tanium is Maryland’s continuous network monitoring company Tenable Network Security with $302M raised to date, and then California-based smart phone security company Lookout, with $281M. Tanium and Lookout are among the eight cybersecurity unicorns around the world currently valued at $1B+.

Each state shown above has a funding threshold that we used to help determine the most well-funded cybersecurity companies in that state. For example, there are over 25 cybersecurity companies in California that have raised $100M+, but only the 6 shown above have raised $200M+.

Similarly, in active cyber-states such as Virginia, and Massachusetts, there are a plethora of companies that have raised over $20M, but only a handful in each of those states have raised $50M+. For other cyber-states such as New York, Florida, and Washington, the threshold for most well-funded is lower.

Interestingly, Texas, Maryland, and Colorado have a relatively lower concentration of cybersecurity startups among the featured states, but showcase a significant number of cybersecurity startups with total disclosed funding at $50M+.

cybersecurity startups with $100M+

Beyond the scope of the 9 cyber-states featured on our map, there are several US-based cybersecurity companies that have each raised over $100M in disclosed funding.

Notable companies that are not featured in the map above include Arizona’s BeyondTrust ($195M in total disclosed funding), Minnesota’s Code42Software ($138M), and three companies in Georgia: Pindrop Security ($134M), Ionic Security ($123M), and the company Core Security ($231), which recently agreed to merge with SecureAuth. The combined entity has raised north of $200M from private equity investors.

There are 36 US-based private cybersecurity companies that have raised $100M+ in total disclosed funding to date. See the full list below.

As of 9/25/2017.