SA国际传媒

Tuesday saw not one, but two new unicorns minted in the cybersecurity space as both and joined the herd.

Managed detection and response firm eSentire, based in Waterloo, Ontario, closed a $325 million round at a valuation of more than $1 billion through an agreement with and . The round is the third-largest raised by a Canadian company this year, behind only fellow cybersecurity company $620 million Series C, and SaaS-based compliance solution provider $350 million Series D鈥攂oth last month鈥攁ccording to SA国际传媒 data.

In addition, multifactor authentication developer Beyond Identity on Tuesday locked down a $100 million Series C led by that values the聽 New York-based company at $1.1 billion.

Beyond Identity and eSentire become the fifth and sixth unicorns minted this calendar year, and the third and fourth ones this month in cybersecurity, according to SA国际传媒 data. Earlier this month, and reached that status, and in January and were minted.

This month has not just seen a growing herd of unicorns in cyber. Last week, announced a raise of more than $1 billion from 鈥攖he second-largest round by a U.S.-based, VC-backed company this calendar year鈥攂ehind 鈥榮 $1.35 billion raise earlier this month, according to SA国际传媒 data.

The company, which offers security information and event management and extended detection and response capabilities, declined to give a valuation.

The amount of newly minted unicorns and large rounds seems to indicate 2022 could be a banner year for security鈥�even after a record-breaking 2021 that saw more than $20 billion invested in the space.

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