Briefing Business Cybersecurity

Google’s $5.4B Mandiant Deal Is Latest Proof Of Security Sector Superstrength

Illustration of masked thief peeking through keyhole on laptop screen.

The past few quarters have offered pretty much nonstop affirmation for cybersecurity industry bulls. Valuations are up, huge rounds are multiplying, and big acquisitions are piling up. 

Today, we saw the latest mega-sized acquisition in the space as Google announced it will pay $5.4 billion to buy Mandiant, a publicly traded provider of threat intelligence. The offer price represents a 57 percent premium to the average share price over roughly the prior two weeks. 

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Founded in 2004, Reston, Virginia-based Mandiant operates a SaaS platform that combines threat intelligence and defense tools. Post-acquisition, the company plans to integrate its offerings into the Google Cloud security portfolio.

The planned purchase comes as investment into cybersecurity continues to scale new heights. So far this year, companies in the security space have raised more than $5 billion in seed through growth-stage funding, per Crunchbase data. Some of the largest funding recipients include:

The strong start in 2022 indicates that cybersecurity investment is not slowing down from last year’s levels. And that’s saying something, given that 2021 was a record-setting year, with an unprecedented $21.8 billion in venture capital poured into cybersecurity companies globally.

Illustration: Dom Guzman

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

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