A few things in last week's Cyber Why caught my attention:
- Carta, SaaS for cap table management, appears to have crossed the streams, and shut down part of their business as a result
- Startup Unicorns get redefined as $3B+ valuation???
By my count, there are 44 cybersecurity unicorns right now (I use CBInsight's data). If we move the bar up to $3B, that number goes down to 15. The other problem is that NONE of the unicorns on this list have seen a new valuation since valuations took a beating in mid-2022. We saw Cybereason lose an order of magnitude in value, and Snyk (rumored to) lose 50%, so it's anyone's guess as to which companies are or are not a unicorn on this list.