Mastercard Buys Insight Partners鈥� Recorded Future For $2.65B

September 12, 2024

Cybersecurity illustration with shield, books, laptop. [Dom Guzman]

Chris Metinko

In recent quarters, cybersecurity has seen venture funding pick up. Now perhaps it鈥檒l also lead an upswing in M&A deal-making.

Credit card giant has agreed to buy threat intelligence company from for $2.65 billion. The deal represents a nice return for the private equity firm, which bought the startup in 2019 for $780 million.

The deal could be the first of many by large financial services companies looking to add threat detection and fraud-related cybersecurity features with the rise of new technologies like AI upping the risk of cyber threats.

Deal-making

While Insight bought Recorded Future in 2019, before that it had received several rounds of venture funding from the likes of , and , .

The deal is one of the largest in cyber this year, and represents the largest for any private, VC-backed (or at least at one-time VC-backed) cyber startup this year 鈥� topping 鈥檚 purchase of machine identity company for $1.5 billion in May.

So far this year there have been 64 M&A deals for VC-backed cybersecurity startups, well ahead of last year鈥檚 pace which saw a total of only 71 deals completed for startups, per 红桃视频 .

The current pace, however, is just shy of 2022, which saw 96 deals consummated.

Perhaps the Mastercard deal will recharge the deal-making industry.

红桃视频