Cybersecurity Monthly Market Review: April 2026 (Momentum Cyber)

Summary

• There were 40 M&A transactions announced in April, a 38% increase year over year, with $857M in total disclosed deal value from 3 disclosed deals.p.16
• There were 51 financing transactions in April, a 37% decrease year over year, with $347M in total capital deployed and a median deal size of $9M.p.16
• The most active M&A sectors were Security Services (17 deals), Risk & Compliance (9 deals), and AI Security (5 deals).p.16
• AI Security has had 17 M&A deals in the first four months of 2026, while the segment only had 10 all of last year.p.23
• TENEX.AI raised $250 million in Series B funding led by Crosspoint Capital Partners.p.12
• There have been 9 disclosed M&A deals worth more than $100M in 2026, tracking below the records set in previous years.p.24

Key insights

1. April recorded 40 M&A deals, 8% above the median monthly total of 33.p.22
2. Cyber Services stayed in the driver seat in M&A, particularly among PE sponsors.p.22
3. Annualized deal flow is the highest Momentum Cyber has ever tracked, with 451 deals projected to close in 2026.p.20
4. Crosspoint Capital Partners manages approximately $8 billion in assets under management, focused on cybersecurity, privacy, and infrastructure software.p.14
5. The most active financing sectors were AI Security (13 deals), Risk & Compliance (13 deals), and Data Security (4 deals).p.16