For this quarter’s funding analysis, let’s examine how average funding in the security technology sector is evolving. The graphic below shows the security technology average funding across all deals over time by quarter.
As the graphic demonstrates, security technology average funding deal size in Q1 2019 was at $29M, which increased by 53% from the $19M in the same quarter last year. The average funding deal size has experienced slight growth, with the average funding last quarter approximately on par with the average funding 5 years ago. The top three funding events in Q1 2019 include a $261M round into Rubrik, a $150M round into Cloudflare, and a $100M round into OneLogin.