Top 10 cyber unicorns

A ‘unicorn’ is a company that is worth more than a billion dollars. 

According to research by CB Insights, as of September 2023, there are more than 1,200 unicorn companies worldwide, with popular former unicorns including Airbnb, Facebook, and Google. Variants include a decacorn, valued at over US$10bn, and a hectocorn, valued at over US$100bn.

With the cybersecurity sector experiencing more data breaches and criminal activity than ever before, these companies will be instrumental in ensuring that individuals and businesses are digitally protected.

With this in mind, Cyber Magazine considers some of the leading unicorn companies within the cybersecurity sector.

10: Lacework

Lacework provides visibility into risks across cloud environments. It deploys in minutes, with or without agents, to cloud accounts (ie. AWS, Azure, Google Cloud), and shows what users have deployed, how it is configured, or if any vulnerabilities or misconfigurations exist.

Users can also scan workloads for vulnerabilities which gives instant coverage of production environments. This includes scanning container images, hosts and language libraries. In particular, its Polygraph Data Platform automatically learns how a businesses’ environment is supposed to run and tells you when it deviates.

9: Abnormal Security

Abnormal Security is an email security company headquartered in San Francisco that uses behavioural AI to prevent sophisticated inbound email attacks and dangerous email platform attacks. It provides threat research that enables security teams to understand new trends in the email landscape by uncovering threat actors and the tactics that they use.

The company partners with leading companies in cybersecurity, including Microsoft and CrowdStrike. With technology integrations and joint marketing strategies, Abnormal enables security teams to do more with their current tools.

8: OneTrust

OneTrust is a privacy and security software provider that was created in response to the increase in internet privacy regulation and laws. Having been founded in just 2016, as of 2022, OneTrust had more than 12,000 customers, and had a valuation of US$5.3bn.

The company has built the Trust Intelligence Platform that ensures companies can collaborate seamlessly and put trust at the centre of their operations and culture, irrespective of their size. It also helps companies to stay resilient and aims to integrate seamlessly into an organisation’s existing platform.

7: Netskope

Founded in 2012, Netskope is an SASE leader and has spent the past decade becoming an innovator in the cloud security space. It offers cloud-based zero-trust service that secure access to enterprise applications and data in hybrid IT environments, whilst reducing risk and simplifying security operations.

The company offers a broad range of cybersecurity solutions in network transformation and security modernisation. It decodes and inspects digital traffic such as unmanaged cloud services, sync clients, mobile apps and TLS-encrypted cloud services and websites, to identify and address threats.

6: Acronis

Acronis is a Swiss technology company with its corporate headquarters in Schaffhausen, Switzerland and global headquarters in Singapore. The company aims to unify data protection and cybersecurity, delivering cyber protection that solves safety, accessibility, privacy, authenticity and security challenges.

The company also recently released its Mid-Year Cyberthreats Report 2023 which highlighted how ransomware continues to be a major threat to large and medium-sized businesses, including government, healthcare and other critical organisations.

It offers a broad range of solutions, including Acronis Cyber Protect Cloud, which aims to deliver integrated backup, disaster recovery, cybersecurity and endpoint management.

5: Darktrace

Headquartered in the UK and founded by mathematicians and cyber defence experts in 2013, Darktrace is a global leader in cybersecurity AI. Within just one decade, the company has rapidly achieved success through delivering complete AI-powered solutions in its mission to free the world of cyber disruption. 

The company protects roughly 8,800 customers from the world’s most complex threats, including ransomware, cloud and SaaS attacks. Using self-learning AI, Darktrace has a broad range of security solutions, including a Cyber AI Loop that helps organisations prevent, detect, respond to and heal from cyber incidents.

4: Dragos

Dragos aims to safeguard those trying to disrupt essential industrial infrastructure. Its platform offers the most effective industrial cybersecurity technology and gives customers visibility into their vulnerabilities, threats and response actions. Headquartered in Washington DC, it holds offices all over the world in Canada, Australia, New Zealand, Europe and the Middle East.

The company prides itself on its community-focused approach, giving businesses access to a large array of industrial organisations participating in collective defence. Its solutions protect organisations across a broad range of essential industries, including electric, oil and gas, manufacturing, government and pharmaceutical, to name a few.

Dragos’ annual revenue is US$2.5m.

3: Cloudflare

Cloudflare is an American company that provides content delivery network services, cloud cybersecurity, DDoS mitigation and accredited domain registration services. In 2022, the company was reported to be used by more than 20% of the internet for its web security services.

The company offers a broad range of solutions, including Cloudflare One, which are delivered from a vast edge network spanning over 300 cities in 100 countries. As a result, attacks are mitigated close to the source, network traffic is routed across the quickest and most efficient paths and access policies can be uniformly applied across your workforce, no matter where your employees are located. 

As of 2023, Cloudflare handles an average of 45 million HTTP requests per second.

2: Tanium

Tanium is one of the industry's first and only providers of converged endpoint management, leading the paradigm shift in endpoint management with consolidating tools and connecting workflows.

The company offers a single platform that can identify where all a businesses’ data is, patch every device you own in seconds and implement critical security controls - all within real time. It provides a range of cyber solutions, from endpoint management, to incident response, to risk and compliance strategies.

In August 2023, Tanium was named in the top 15 of the Forbes 2023 Cloud 100, securing number 13 on the definitive ranking of the top 100 private cloud companies in the world. As of 2019, its annual revenue was US$440.2m.

1: Wiz

Just three years since it first launched, in February 2023 Wiz became the world’s largest cyber unicorn and fastest SaaS company to reach a value of US$10bn. Headquartered in New York City, US, the company analyses computing infrastructure that is hosted in AWS, Azure, GCP, OCI, and Kubernetes for risk factors that could allow malicious actors to gain control of cloud resources and exfiltrate valuable data.

Led by an experienced team based all over the world, the company is working to continue its mission of helping organisations create secure cloud environments that accelerate their businesses. By creating a normalising layer between cloud environments, its platform enables organisations to rapidly identify and remove critical risks.

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