10 Enterprise Software & Cybersecurity Gems to Watch in 2025 (ForgeGlobal Page 4)

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10 Enterprise Software & Cybersecurity Gems to Watch in 2025 (ForgeGlobal Page 4)​

Data source: ForgeGlobal Enterprise Software & Cybersecurity – Page 4

Enterprise security spending keeps climbing, and these ten private companies stand out for their disruptive tech, strong funding, and clear exit potential.

1. Endgame Systems

Valuation: Private | Funding Raised: N/A

• AI‑driven endpoint detection & response (EDR) that neutralizes advanced threats in real time.
• EDR market expected to exceed $20 B by 2030, creating a massive runway.
• Likely acquisition target for CrowdStrike, SentinelOne, or Microsoft Defender.

2. Auth0

Post‑Money Valuation: $1.94 B | Funding Raised: $120.47 MM

• Developer‑friendly Identity‑as‑a‑Service (IDaaS) platform used by 14K+ customers.
• Net retention >125 % thanks to upsells in MFA, B2B, and machine‑to‑machine auth.
• Synergies with DevOps and SaaS giants make an IPO or strategic M&A highly plausible.

3. Prove (formerly Payfone)

Post‑Money Valuation: $1.35 B | Funding Raised: $25 MM

• Phone‑centric identity and KYC that cuts fraud by up to 70 % for fintechs and e‑commerce.
• Compliant with PSD2 and global AML regulations, expanding addressable market.
• High‑margin SaaS model with global telco partnerships for rapid scale.

4. Beyond Identity

Post‑Money Valuation: $1.11 B | Funding Raised: $100.3 MM

• Passwordless authentication aligned with Zero Trust architecture.
• Strong channel alliances with Okta and Azure AD accelerate enterprise adoption.
• Hybrid work and BYOD trends fuel sustained demand.

5. Obsidian Security

Post‑Money Valuation: $592.35 MM | Funding Raised: $27.22 MM

• SaaS Security Posture Management (SSPM) that protects Salesforce, M365, and Slack.
• Founders are ex‑Cylance and Carbon Black veterans with proven exits.
• Gartner predicts SSPM will be mandatory for 70 % of enterprises by 2028.

6. Cowbell Cyber

Post‑Money Valuation: $413.04 MM | Funding Raised: $699 MM

• AI‑powered cyber‑insurance platform that rates risk in real time.
• Combines prevention services with insurance premiums—recurring, diversified revenue.
• First‑mover advantage in the fast‑growing cyber‑insurtech niche.

7. FingerprintJS

Post‑Money Valuation: $352.17 MM | Funding Raised: $33 MM

• Browser fingerprinting API with 99 % accuracy against bots and fraudsters.
• Trusted by Stripe, Coinbase, and dozens of fintech unicorns.
• Usage‑based pricing drives high gross margins and viral developer adoption.

8. Code42 Software

Post‑Money Valuation: $348.27 MM | Funding Raised: $85.64 MM

• Insider Risk Management and DLP for cloud collaboration suites.
• Fortune 500 customer base delivers sticky ARR and 90 %+ retention.
• Native integrations with Google Workspace and Microsoft 365 simplify deployments.

9. Cequence Security

Post‑Money Valuation: $313.72 MM | Funding Raised: $66.63 MM

• Unified API & bot defense platform blocking 2M+ attacks per day.
• API security market projected to hit $13 B by 2028.
• Recognized in Gartner Magic Quadrant—boosting credibility and pipeline.

10. ProcessUnity

Post‑Money Valuation: $290.62 MM | Funding Raised: $40 MM

• Leader in Third‑Party Risk Management (TPRM) and compliance automation.
• Regulations like DORA and NIS2 are driving mandatory vendor‑risk programs.
• Subscription model with annual renewals ensures predictable cash flow.

Key Takeaways for Investors​

• Identity, API security, and cyber‑insurance are high‑growth segments with strong regulatory tailwinds.
• Several companies (Auth0, Beyond Identity) already command unicorn valuations yet still operate in nascent markets.
• Exit optionality remains robust via IPO or acquisition by security giants and insurers.

Disclaimer: This content is for informational purposes only and should not be considered investment advice.