Cybersecurity isn’t safe from M&A slowdown

Plus, Biotech gets a $155 million booster August 21, 2023 Hi, {NAME}. This year has proven to be a difficult one for [venture-backed cybersecurity startups looking for an M&A exit]( [Crunchbase]( research finds. And, in a somewhat slow week, a disease-fighting biotech pulls in a nine-figure [Series B]( to continue its work on therapies to treat autoimmune diseases and cancer, while AI darling [Anthropic]( hauls in another big round. 💻 [Slow times for cybersecurity M&A]( The first seven months of the year saw only 34 cyber startups get acquired, putting dealmaking at its slowest pace since 2017. However, a couple of recent, large deals offer a positive indicator of pent-up demand. Related Crunchbase Pro list: [M&A Involving VC-Backed Cybersecurity Startups]( 🩺 [Top 10: Biotech leads with $155M to continue fighting disease]( Biotech [Abcuro]( which develops therapies for the treatment of autoimmune diseases and cancer, led the [funding rounds last week]( with a $155 million Series C. Other sectors taking in nine-digit rounds include fintech, telecom and crypto, as well as artificial intelligence with another big round for AI startup [Anthropic](. 👀 [Early-stage unicorns are now a rare sight]( Only 18 of the new unicorns minted in 2023 joined [The Crunchbase Unicorn Board]( after an early-stage funding round. That’s a sharp drop from the prior two years. The number of young startups to hit unicorn status quickly this year would be a lot lower, however, if it weren’t for two letters — AI. 💰 [Insight Partners is investing massively in these areas of AI]( [Insight Partners]( is tackling AI investments at three distinct layers: the modern data stack, machine-learning operations and generative AI applications. All told, it adds up to billions in investment to date, with billions more likely to follow. We talked with partner [George Mathew]( about what’s next for the firm. Related Crunchbase Pro list: [Insight Partners’ AI Portfolio]( 🦄 [The Crunchbase Emerging Unicorn Board]( See our curated list of global private companies that are on the path to achieving unicorn status. This list is updated regularly as companies reach a valuation of $500 million or more but less than $1 billion. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [dcbel]( [$50M]( / [Series B]( Dcbel offers AI-driven sustainable technologies which enable people to leverage solar energy to power their cars, homes, and lifestyles. Categories: Artificial Intelligence • Clean Energy • CleanTech • Electric Vehicle • Energy • Smart Home • Solar Founders: [Marc - André Forget]( [Ronald Denom]( Investors: [Idealist Capital]( (Lead), [Coatue]( [Investissement Quebec]( [+ 3 more]( [Valneva]( [$50M]( / [Post-IPO Debt]( Valneva is a specialty vaccine company that develops prophylactic vaccines to treat infectious diseases. Categories: Biotechnology • Health Care • Medical Investors: [Deerfield]( (Lead), [OrbiMed]( (Lead) [Asure Software]( [$40M]( / [Post-IPO Equity]( Asure Software offers human capital management solutions and HR services for businesses aiming for growth without administrative overhead. Categories: Human Resources • SaaS • Scheduling • Software More Fundings Company Amount / Round Lead Investor [Teamshares]( $124M / [Series D]( [QED Investors]( [ProjectDiscovery]( $25M / [Series A]( [CRV]( [Beamer]( $20M / [Venture Round]( [Camber Partners]( [Visana Health]( $10M / [Seed Round]( [Flare Capital Partners]( [Stanford University]( Unknown / [Grant]( [National Institutes of Health]( [All Recent Funding Activity]( Recent Acquisitions [A-Gas]( Pending acquisition by [TPG Rise Climate Fund]( for 1.0B GBP More Acquisitions Company Acquired By Amount [Infinite Power]( [CES Power]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events [Blockchain Economy Summit Dubai]( October 4 - 5, 2023 Blockchain Economy Summit is a blockchain conference network bringing together the key players of the crypto industry. Accelerator Deadlines Date Accelerator Location Sep 15, 2023 [Richi Entrepreneurs]( Boston Sep 30, 2023 [Global Insurance Accelerator]( Des Moines [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.