Cybersecurity Monthly Market Review: January 2026 (Momentum Cyber)

Summary

• January 2026 saw $1.4B spent across 38 cybersecurity M&A transactions, the 3rd most cybersecurity M&A deals ever recorded.p.20
• January deal value was up 43% year over year, while deal count was up 3%.p.20
• January financing activity reached $1.3B raised across 72 transactions, with deal value up 146% and deal count down 1% year over year.p.26
• 5 financing deals accounted for 75% of capital deployed in January.p.2
• Only 6 of the 38 M&A deals in January were disclosed, amounting to $1.4B in value.p.22
• AI Security already had 3 M&A deals in January, while the segment only had 10 all of last year.p.23
• Cybersecurity dealmaking reached historic highs in 2025, with $96B deployed across 400 M&A transactions.p.15

Key insights

1. CrowdStrike's acquisitions of SGNL ($740M) and Seraphic ($420M) were the headline January deals.p.22
2. Only 1 in 4 M&A deals disclose the enterprise value paid.p.24
3. Cybersecurity M&A deal value grew 270% year over year in 2025 while deal count grew 22%.p.15
4. The Top 100 analysis found a median value of $3.7M per employee in hyper-strategic M&A.p.16
5. CYBERscape 4.0 tracks 1,562 cybersecurity companies across 12 core sectors and 62 subsectors.p.17