GRAND JUNCTION, Colo., Jan. 7, 2025 /PRNewswire/ — Pinpoint Search Group, a leading cybersecurity recruitment firm in the U.S., has released its annual report on cybersecurity funding for 2024. The report reveals a 9 percent increase in the total amount of funding raised compared to 2023, indicating that venture capital (VC) funding for cybersecurity vendors is stabilizing.

In 2024, Pinpoint Search Group’s research team recorded 383 transactions in the cybersecurity vendor space, totaling $9.5 billion across 304 funding rounds and 79 M&As. This represents a 9 percent rise in fundraising compared to $8.7 billion in 2023, despite a 12 percent decrease in transaction volume from 346 in the previous year.

The final quarter of the year showcased similar trends. In Q4 2024, the cybersecurity industry secured $1.7 billion in funding, marking a 7 percent increase compared to Q4 2023. The quarter saw a 34 percent dip in transaction volume, from 85 funding rounds in Q4 2023 to 56 rounds in Q4 2024.

The rise in total cybersecurity funding can be attributed in part to an intensifying demand for innovation as threats evolve and grow more difficult to detect. Early-stage initiatives dominated VC investments, with Seed and Series-A rounds making up 59 percent of the total funding volume in 2024. While later-stage funding rounds (such as Growth Funding, Series C, D, and E) only accounted for 16 percent of funding volume, they represented 54 percent of total funding dollars raised, highlighting the significance of larger investments in mature companies.

The signs of VC funding stabilization come after a major decline in funding in 2022, which was influenced by broader economic factors like inflation and rising interest rates. The increased cybersecurity investments in 2024 contrast sharply with overall weak levels of VC funding for the year, and data over the past ten quarters also show that cybersecurity funding levels have been consistent.

“While we can justify an argument that cybersecurity is among the wild west sectors of technology, we are seeing consistent trends materialize,” said Mark Sasson, founder and managing partner at Pinpoint Search Group. “Early-stage vendors dominate funding volume, and quarter-over-quarter funding trends are relatively stable. This has the potential to positively impact investment and business decisions, making security solutions and overall industry performance much more effective.”

For the full, detailed findings of Pinpoint Search Group’s 2024 annual report on cybersecurity funding, please click here.

About Pinpoint Search Group
Pinpoint Search Group is a leading cybersecurity recruitment firm and specializes in filling vice president, director, and senior individual talent. Pinpoint’s collective experience recruiting hundreds of candidates in all segments of cybersecurity provides the company with the credibility to communicate with, qualify, and place professionals in today’s most competitive area of technology. Pinpoint also produces Cybersecurity M&A and Vendor Funding Reports highlighting M&As and funding in the cybersecurity space monthly, quarterly, and annually.

Media Contact:
Christopher Joseph (CJ) Arlotta
CJ Media Solutions, LLC for Pinpoint Search Group
C: 631-572-3019
388433@email4pr.com

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SOURCE Pinpoint Search Group

Delft University of Technology spin-off’s Spiking Neural Processor utilizes a proprietary analog-mixed signal computing architecture that harnesses spiking neural networks to deliver unprecedented, brain-inspired cognition performance within an ultra-low power envelope.

LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Innatera, the pioneer of groundbreaking ultra-low power neuromorphic processors, is showcasing its Spiking Neural Processor (SNP) that transforms the way battery-powered devices make sense of the physical world at CES 2025. Demonstrations will take place January 7-10 at the Venetian North Tower Suite #26-136.

“At this pivotal moment in computing, Innatera’s breakthrough Spiking Neural Processor delivers unmatched energy-efficient, brain-inspired cognition for sensors, unlocking the promise of ambient intelligence,” said Sumeet Kumar, CEO of Innatera. “This revolutionary processor provides an all-in-one solution that simplifies and optimizes sensor data processing at the edge.”

Innatera’s SNP combines a Spiking Neural Network (SNN) engine with a RISC-V processor core and other accelerators to deliver a complete solution with exceptional performance in energy-constrained environments. The single-chip solution brings intelligence closer to sensors, enabling next-generation AI and signal processing for applications in consumer electronics, smart homes, and industrial IoT, such as audio interfaces, touch-free interfaces, presence detection, activity recognition, and ECG recognition.

The SNP achieves high-performance pattern recognition at the sensor edge and enables real-time analysis of sensor data to detect and identify embedded patterns, with sub-milliwatt power dissipation and sub-millisecond latency.

Ambient Intelligence marks a major departure from computing technology as we know it, paving the way for a future where digital interactions are as natural as breathing.

At CES 2025, Innatera is demonstrating how the SNP can transform computing in several real-world applications:

Audio Scene Classification: Audio scene classification allows devices to be aware of the environment they operate in and use this information to adapt their operation. For example, in noise canceling headphones, this might mean adapting to the ambient noise profile of an airplane or a city bus.Robust Human Presence Sensing: The detection of human presence is important in a wide range of indoor and outdoor applications, such as security cameras, smart lighting, video doorbells and smart TVs. Using a radar sensor, this demo showcases always-on, privacy-preserving human presence detection with exceptional accuracy and power efficiency.Robust People Counting Using Far Infrared Sensors: Innatera will showcase how its SNP enables advanced people counting and human presence detection with passive infrared sensors. Infrared technology is a non-intrusive, low-light, and privacy-preserving method for people counting and human presence detection.

The company’s presence at CES 2025 follows a remarkable year of growth and development for the innovation-driven Delft University of Technology spin-off. Earlier this year, the company announced the oversubscription of a Series A $21-million funding round that is now accelerating the company’s development of neuromorphic processors.

For the press kit, click here. To schedule a meeting or learn more about Innatera’s technology, click here.

About Innatera
Born out of a decade of research on energy-efficient neuromorphic computing at the Delft University of Technology, Innatera is pioneering a new breed of Ambient Intelligent microprocessors that revolutionize sensors with brain-like thinking. Backed by leading European deep-tech VCs Matterwave Ventures, MIG Capital, InvestNL, the European Innovation Council, Delft Enterprises and Innavest, Innatera is on a mission to infuse a billion sensors with brain-like intelligence by 2030. Innatera envisions a future where electronic devices integrate seamlessly into everyday life, making the world around us smarter, safer, and cleaner for everyone.

Media Contact
Samantha Bryton
Griffin360
388426@email4pr.com
212-481-3456

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SOURCE Innatera

MCLEAN, Va., Jan. 7, 2025 /PRNewswire/ — ID.me, the market-leading digital identity wallet, today announced the appointments of SaaS industry leaders Brian Robins and William “Bill” Welch as independent members to ID.me’s Board of Directors. Robins, Chief Financial Officer of GitLab Inc., and Welch, Chief Executive Officer of Sysdig, bring decades of experience in scaling high-growth public and private technology companies. Robins and Welch join ID.me amid significant momentum, as the company has seen revenue grow more than 370% from 2020 through 2023.

“Brian and Bill are exceptional leaders whose complementary experience will be invaluable as ID.me continues to grow,” said Blake Hall, Founder and CEO of ID.me. “Brian’s financial and strategic leadership and Bill’s expertise in cloud security will strengthen our efforts to keep Americans safe while transacting online.”

Brian Robins will serve as Chair of the ID.me Board’s Audit Committee. Currently serving as CFO of GitLab, the DevSecOps platform, Robins brings over 25 years of experience leading both private and public high-growth software companies. Robins is responsible for GitLab’s financial and business systems functions, including accounting, tax, treasury, corporate finance, and investor relations. Robins led GitLab’s IPO readiness effort and public offering. In addition, he has led and advised multibillion dollar technology companies through hyper growth, IPO readiness/listings, and capital markets transactions. Prior to GitLab, Robins served as CFO at Cylance (acquired by BlackBerry), AlienVault (acquired by AT&T), and Verisign. Robins has a proven track record of improving financial performance, increasing go to market productivity, and creating shareholder value. Robins currently serves as special advisor at Brighton Park Capital, and on the Advisory Council at ForgePoint Capital Cybersecurity, and also serves on the GitLab Foundation Board of Directors.

“I am honored to help ID.me make identity verification through use of its digital wallet simpler and more secure for millions of Americans, as well as many critical government agencies and companies,” said Robins. “I’m looking forward to contributing to ID.me’s next phase of growth and helping to ensure that no identity is left behind.”

Bill Welch will serve as Chair of the ID.me Board’s Compensation Committee and Member of the Audit Committee. As CEO of Sysdig, the leader in real-time cloud security, Welch drives the company’s vision to stop cloud attacks instantly with AI-powered Sysdig Sage™ and open source Falco, the standard for cloud threat detection. Welch is a Cybersecurity industry veteran, bringing over 30 years of extensive experience leading public and private software companies and operationalizing and scaling product development and innovation, customer experience, talent acquisition, and strategic alliances globally. Prior to joining Sysdig as CEO, Welch served as President and COO of Talkdesk, where he was responsible for advancing the company’s long-term vision and global go-to-market operations. Welch also previously served as COO of Zscaler, where he led Zscaler’s global sales, channel, operations, customer care, and strategy, culminating in an industry-leading initial public offering and a nearly $32 billion market capitalization today. Welch has held senior leadership roles at Duo Security, HP Americas Software and Symantec, and, while serving as President and COO of Duo, Welch helped secure a $2.35 billion merger transaction with Cisco. Welch currently serves on Sysdig’s Board of Directors.

“I have always believed that fostering a performance-driven culture with a strong focus on customer-centered decisions leads to success,” said Welch. “I’m excited to join a dynamic leadership team at ID.me as the company provides a growing number of Americans with a better, safer experience online.”

ID.me is proud to welcome both Brian and Bill to the Board while we continue driving towards a safer, simpler, and more convenient way to interact online.

About ID.me
ID.me is the next-generation digital identity wallet that simplifies how individuals securely prove their identity online. Consumers can verify their identity with ID.me once and seamlessly login across websites without having to create a new login and verify their identity again. Over 135 million users experience streamlined login and identity verification with ID.me at 19 federal agencies, 44 state government agencies, and 66 healthcare organizations. More than 600 consumer brands use ID.me to verify communities and user segments to honor service and build more authentic relationships. ID.me’s technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. ID.me is committed to “No Identity Left Behind” to enable all people to have a secure digital identity. To learn more, visit https://network.id.me/.

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SOURCE ID.me, Inc.