Startups: 352 | MRR: $12Bn | Press:
#
#
#
#
#
#
#
#
#
#
Updated December 27th, 2024

Cybersecurity Report: 10 Startups Generating $62.8M in MRR

While most typically targeting enterprise clients, there are also cybersecurity startups we're tracking which aim to serve small and medium sized businesses.

Including

LIKES
LAST UPDATED
December 27th, 2024
Each Gaps report is regularly updated with the latest revenue numbers and success stories we discover.

Our aim is to be bookmark-worthy, accurate, and massively inspire what you're working on.

Every month we share our Income Report (free), documenting the latest online startup success stories.

Thanks for giving us a chance. We hope to repay it 100-fold.

Changelog

Showing the latest 10 of 7 total updates. The last update was made on December 27th, 2024.

TryHackMe was added to Privacy and Security

Thoropass was added to Privacy and Security

Corgea was added to Privacy and Security

WhiteHawk was added to Privacy and Security

Filigran was added to Privacy and Security

CYRISMA was added to Privacy and Security

Revenue updated for Oneleet

In this report we're tracking $62.7M in monthly recurring revenue and $164.4M in funding.

#1

Corgea: $2.6M in Funding

AI-powered cybersecurity platform

Corgea is an AI-powered cybersecurity platform based in San Francisco, California. The business was founded in 2023 by engineers Tamara Abualhsan, Adam Bronte, and Yutaka Hosoai.

The trio’s goal was to build a new application that could prevent security incidents effectively, by getting rid of code vulnerabilities and blind spots with the help of AI.

Corgea can detect what’s often missed by other tools on the market and can also reduce tickets by 30% thanks to its ability to screen false positives. Where needed, Corgea can offer faster code fixes for developers to approve. The platform integrates with popular tools and sends code fixes directly to GitHub or Azure DevOps for approval.

Teams of 5 engineers can use Corgea for free, and the platform has two paid membership tiers for bigger teams, and enterprise.

To date, the business has generated $2.6 million in funding as it looks to build on the early growth.

#2

WhiteHawk: Q3 2024 Revenue of $1.1M

Cyber protection solutions

With 30 years in the intelligence industry, holding many senior positions, such as Director of Intelligence, Commander Naval Forces Europe, Terry Roberts is on a mission to stop online crime and fraud across businesses big and small.

In 2017 she founded WhiteHawk, an extensive cyber protection solution that helps businesses quickly identify their cyber risks and get matched with the right products.

Offering enterprise and small and mid-size business solutions, WhiteHawk positions itself as an easy, cost-effective solution and comes with a free 20-minute consultation to showcase its products.

Looking at the numbers for Q3 2024, WhiteHawk had $1.1 million in revenue. The net loss after tax in 2023 was $2,844,279 and $1,537,740 in 2022.

#3

Oneleet: $555K in Monthly Revenue

Cybersecurity platform

After 10 years in the security and compliance industry, Brian Onel saw an opportunity to build software that takes security seriously, not just for show. In 2022, Onel, with his wife Ora and his best friend Erik Voglzang founded Oneleet. This all-in-one compliance platform makes cybersecurity easy for businesses, enabling customers to focus on what they do best.

Oneleet offers a smooth and easy customer journey, with all tools in one single place, from code security scanner and attack surface discovery to a compliance platform, employee portal and third-party audits.

Businesses can schedule a scoping call where Oneleet experts check infrastructure, security concerns, and compliance needs. They will then receive a customised security program which will be up and running after a penetration test and a SOC 2 audit.

The platform went from $0 to over $6 million annual revenue in just 19 months and is already the choice of hundreds of startups, including Loops, tella, and Mintlify. The business has also received $2 million in funding which has yet to be utilised.

#4

WhoisXML API: $8.2M in Annual Revenue

Cyber threat intelligence and detection

WhoisXML API is a security research and monitoring platform which was founded in 2010 by Jonathan Zhang.

The service collects, processes and provides data feeds for whois, IP, DNS and API information to more than 50,000 customers including law enforcement agencies and Fortune 1,000 companies.

Through years of collecting data and analysing billions of records, the business now works with cyber security companies to support in building threat detection and response tools for their digital assets and audience.

WhoisXML API and their remote team have grown income significantly over the years, doubling to $8.2 million in annual revenue within the last 36 months.

#5

CYRISMA: $8.8M in Funding

Cyber risk management

CYRISMA offers businesses a cost-effective, all-in-one solution to help them identify, understand, mitigate, and manage cyber risk. The business was founded in 2018 by Liam Downward, Michael Hoag, and Vladimir Georgiev.

Sensitive data discovery, vulnerability management, dark web monitoring and risk monetisation are among the platform's many features. Thanks to CYRISMA, businesses can help their clients streamline their cyber risk assessment and mitigation processes and get fast, measurable results, without paying high licensing costs or using complex technologies.

The risk management platform has secured $8.8 million in funding and is praised by numerous partners and end clients, such as Securicom, Cyber74, Caribbean Union Bank, and Mercy Health.

#6

TryHackMe: $10M in Annual Revenue

Cyber security learning platform

Before TryHackMe, its founders felt learning cyber security lacked guidelines and engagement, with people struggling to join or keep up with the fast-changing industry. That’s where Ben Spring and Ashu Savani saw an opportunity to stand out from the crowd.

With more than 3.8 million global users and over $10 million in annual revenue, TryHackMe tackles learning differently, through interactive, gamified content for all abilities. And that’s not all, 77% of the platform’s content is free, making it more affordable and accessible for everyone, from newbies to more seasoned hackers.

TryHackMe is a community-driven platform, where features are constantly tailored to ensure it stays relevant and engaging in the long term.

Those who want the basics of cybersecurity can join the platform for free. TryHackMe also has a premium membership for $10.50 per month, billed annually, and a custom offering for businesses.

#7

Filigran: $55M in Funding

threat management platform

Product is king, believe Samuel Hassine and Julien Richard, the co-founders of Filigran – an extended threat management suite launched in 2022.

With a total of $55 million in funding, Filigran is growing fast, already helping over 6,000 organisations understand and solve infrastructure threats faster thanks to two two open-source tools.

Firstly, OpenCTI is a threat intelligence platform that allows a 360° view of the organisation’s threat environment, leading to faster incident response and better decision-making.

Secondly, OpenBas simulates different attack scenarios to ensure efficient response during real-world threats.

Filigran’s offerings come in the form of software as a service, support packages, OCTI enterprise edition, and training courses.

#8

Thoropass: $98M in Funding

Compliance management platform

Previously called Laika, Thoropass is a comprehensive compliance platform founded by Sam Li, Austin Ogilvie and Eva Pittas in 2019. They aimed to create an all-in-one solution for businesses that simplifies their compliance journey and speeds up their audits.

Thoropass already has the stats to prove its success: by automating SOC 2, ISO 27001, GDPR, HIPAA, and other information security compliances, 40% of the compliance journey can be completed in just a few hours, with 67% faster time-to-audit on average.

Compliance automation, security audits and integrations are among the solutions that Thoropass offers to many industries, including FinTech, Saas, and HealthTech.

Since its launch, the platform has secured a total of $98 million in funding.

#9

Cribl: $100M in Annual Revenue

Data Management Services for IT and Security

Cribl is a data management platform for IT and security which was founded in 2018.

The data engine allows users to collect, process and analyse their IT and security data from any source before automatically routing it to optimise storage.

Cribl’s data engine is used by some huge brands including the likes of Accenture, New Balance and Siemens. And as demand for the product has grown so to has the size of the Cribl workforce, increasing from dozens of employees to more than 600 within the last four years.

Cribl works on a consumption-based pricing structure for both cloud and software services, and this has enabled the company to surpass $100 million in annual recurring revenue and generate over $600 million in funding.

This significant achievement comes as Cribl.Cloud is launched to support customers across Europe.

#10

Kape: $623M in Annual Revenue

privacy-first digital security software

Kape provides software security solutions for businesses and customers online. The business was initially launched as Crossrider in 2011 before changing its name to Kape Technologies in 2018.

Kape has developed and completed numerous acquisitions of digital security software businesses, and owns brands such as ExpressVPN.com and PrivateInternetAccess.com.

The aim of their stable of brands is to deliver world-class security technology to an ever-growing audience. Believing that security and privacy are more important than ever.

To provide this, the business has a team of 1,000+ employees working across 10 cities worldwide who support over 100 million readers online, and more than 7 million paying customers.

In 2023 they announced annual revenue of $623.5 million, which represented a huge 170% increase year-over-year.

We're a small bootstrapped team, trying to create the freshest, most accurate resource for startup revenue and gaps in the market. Social sharing is appreciated (and always noticed). – Glen Allsopp

Gaps Income Report - December '24

Every month we report the latest revenues of digital-first startups, free

"complete with handy guides on how you, too, can get in on the gold." -

    #
    #
    #
    #
    #
    #
    #
    #
    #
    #
    #
    #
    #
    #