The Making Of The List

The annual Rising in Cyber List showcases the most promising private cybersecurity companies, as selected by leading CISOs and operating security executives across the industry. Companies are nominated by top venture capital firms and chosen through votes cast by nearly 150 CISOs and security industry leaders.

The startups have been segmented into three buckets: (Data as of Q1 2025)

$35M

Early Stage: Company has raised up to $35M

$35M-$100M

Mid Stage: Company has raised between $35M-$100M

$100M+

Late Stage: Company has raised $100M+

Rising In Cyber 2025 Report

In Collaboration With Morgan Stanley

Introductory Letter

Executive Summary

The State Of The Cybersecurity Market

Key Findings From Our CISO Survey

The Four Trends Shaping Cybersecurity in 2025

Conclusion

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Presented By Notable Capital In Collaboration With:

275+

Companies Nominated

30

Companies Selected

$7.8B

Capital Raised

Thank You To Our VC Partners Who Nominated Companies:

About Notable Capital

Notable Capital is named for the founders we invest with, the ideas they pursue, the causes they champion, and the remarkable companies they build. Notable Capital is a U.S.-based venture capital firm focused on early-to-growth stage companies in cloud infrastructure, cybersecurity, fintech, commerce, and AI across the U.S., Israel, Europe, and select go-global opportunities. Notable Capital portfolio companies include: Affirm, Airbnb, Anthropic, Brightwheel, Drata, Fal, Handshake, HashiCorp, Ibotta, Monte Carlo, Neon, Orca Security, Quince, Slack, Stori, Vercel, and more. Learn more at www.notablecap.com and @notablecap.
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog
Acquired by IBM
Acquired by Wiz
Acquired by JFrog

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