1. Home
  2. Discover
  3. Business
  4. PitchBook News

Mapping the stars of information security

VCs fortify defense tech; the banks scooping up ex-SVB talent; will VCs leave behind women's health?; private credit's squid vs. whale battle
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
May 29, 2023
The Daily Pitch is powered by PitchBook’s industry-defining research and best-in-class data
Ads
Market map: The breakout stars of information security
(NicoElNino/Shutterstock)
Information security companies are facing the same headwinds and exit slowdown as the rest of the tech industry, but even in a storm, some star players have made themselves known.

In the first quarter, cloud security startup Wiz landed the title of the infosec industry's highest-valued VC-backed company, with a $10.3 billion post-money valuation. Application security startups Synk and Ledger have also both made major fundraising strides.

Check out other companies on PitchBook's radar.
explore the market map
 
Share: Email LinkedIn Twitter Facebook
Uncle Sam's defense tech checkbook
With rising geopolitical tensions and government acquisition reforms, investment in defense tech is on track to surge to nearly $185 billion by 2027. Our 2023 Defense Tech vertical snapshot dives into the industry drivers and the startups poised for liftoff.
  • Renewable energy and biotech ranked as the top defense tech segments by deal flow in 2022.

  • 71% of exit activity in the space since 2016 has involved strategic acquisitions.

  • Despite a projected CAGR of nearly 16%, there are challenges—including the "valley of death" funding gap, government bureaucracy and specialized talent shortages.
read the preview
 
Share: Email LinkedIn Twitter Facebook
 
A message from Ontra  
The impact of artificial intelligence on PE legal teams
Join Ontra's webinar series airing on June 13 and 27. A panel of industry experts will discuss the true potential of artificial intelligence in the private funds industry, followed by an introduction to Ontra Synapse, an AI solution for private markets.

Hear from:
  • Dr. Megan Ma: Assistant Director of the Stanford Center for Legal Informatics (CodeX)
  • Yasser Ezbakhe: Principal Data Science at Blackstone
  • Gianluca Rossi: Director of Machine Learning at Ontra
They'll discuss the current limitations and risks of artificial intelligence, and how firms can responsibly integrate this technology into fundraising processes, portfolio investment, and fund operations. You'll get a chance to hear how Ontra Synapse delivers a transformative AI platform designed to address core fundraising, portfolio investment, and fund operations processes.

Register for the webinar
Share: Email LinkedIn Twitter Facebook
 
Tracker: The banks scooping up ex-SVB talent
(Drew Sanders/PitchBook News)
Silicon Valley Bank has faced an exodus of tenured talent following its collapse and subsequent purchase by First Citizens. At least 78 senior bankers have fled to competitors, according to a PitchBook analysis of the departures.

HSBC is the biggest recruiter of employees fleeing SVB. It has brought on at least 28 senior bankers and executives since March. Stifel, MUFG, Moelis & Co. and JP Morgan have also padded their ranks with high-level talent.

Our interactive tracker details who's gone where.
see the tracker
 
Share: Email LinkedIn Twitter Facebook
Carbon fintech records big wins in Q1
Carbon fintech and consumer startups are increasingly popular verticals among climate investors, according to our recent Emerging Tech Research.
  • Carbon and emissions tech startups are showing resilience: These companies logged 212 VC deals totaling $3.6 billion in Q1, a 13% decline in value from Q4, but a 35% jump year-over-year.

  • Green solutions to steel and concrete production are heating up, as are carbon accounting startups serving companies with new ESG pledges.

  • VC investment in energy efficiency is spiking, reaching its highest-ever quarterly value in Q1.
read the preview
 
Share: Email LinkedIn Twitter Facebook
 
Ads
Since yesterday, the PitchBook Platform added:
3
VC valuations
169
People
34
Companies
See what our data software can do
 
Reproductive health startups find investors skittish post-Roe
(Andrew Caballero-Reynolds/Getty Images)
When the Supreme Court upheld the Food and Drug Administration's approval of abortion pill drug mifepristone last month, Cindy Adam "breathed a sigh of relief."

Adam is the co-founder of Choix, a startup that offers telemedicine abortion services in six states. Choix, which had been in the middle of closing its seed extension round, paused fundraising to await the court's decision.

Investors and founders in women's health are finding that capital has dried up. And for reproductive health startups, dealmaking struggles are compounded by looming legal battles.
read more
 
Share: Email LinkedIn Twitter Facebook
 
Ads
Map: 10 cities powering China's PE growth
Shanghai is among the top cities for PE investment in China.
(chuyuss/Shutterstock)
China has long been a powerhouse for Asian private equity. Last year, the country suffered a steep decline in PE deal activity as a result of economic headwinds. Even so, it still captured over a quarter of PE investment in Asia.

However, much of this activity is concentrated in a handful of urban centers. We've mapped out the 10 Chinese cities that attracted the largest number of PE deals between 2016 and 2022. Companies in these cities accounted for nearly two-thirds of the country's total PE deal count during that time.
see the map
 
Share: Email LinkedIn Twitter Facebook
 
Squid vs. whale: Leveraged loan saga points to battle in private credit world
(Atomic Roderick/Shutterstock)
A $2.75 billion financing to back Blackstone's LBO of climate-tech specialist Copeland has resurfaced in the syndicated leveraged loan market—six months after it first emerged as a marquee transaction in the private credit sector.

The deal, a rare instance of a lucrative M&A pact in today's uncertain economic environment, highlights the market-share tussle between the two leveraged finance segments.

Market volatility has brought headwinds to both the syndicated loan and private credit asset classes, intensifying the competition for deals. The Copeland saga shows banks aren't throwing in the towel when it comes to higher-risk, higher-reward deals.
read more
 
Share: Email LinkedIn Twitter Facebook
 
 
Ads
 
About PitchBook | Terms of use | Advertise with us | Contact
Follow us: in twtr fb

This email was sent to you via the PitchBook Platform.

Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here.

© 2023 PitchBook. Win what's next. All rights reserved.

Key phrases

The Daily Pitch Information security companies

Older messages

Endowments tap into alumni networks

Sunday, May 28, 2023

Plus: Wearable medtech's golden age, enterprise SaaS plays catch up, the struggles of emerging managers & more Read online | Don't want to receive these emails? Manage your subscription.

Medtech: Healthcare’s innovation engine

Saturday, May 27, 2023

Also: Who is selling in today's M&A market? Why founder-owned business are attractive targets; New research on enterprise SaaS, defense tech, gaming. Read online | Don't want to receive

Ranking Q1's busiest investors

Friday, May 26, 2023

Food delivery providers stand out after IPO; Vice and the fragility of digital media; leveraged loan default rate surges Read online | Don't want to receive these emails? Manage your subscription.

Fundraising shows grim start to 2023

Thursday, May 25, 2023

VCs continue to drift from supply chain tech; ElevateBio brings home $401M Series D; Figure gains $79M Series A for humanoid robots Read online | Don't want to receive these emails? Manage your

Medtech startups battle incumbents

Wednesday, May 24, 2023

Founder-owned companies become M&A darlings; European unicorns join valuation downfall; Anthropic grabs $450M Series C Read online | Don't want to receive these emails? Manage your subscription

You Might Also Like

4 reasons to use a CRM for email marketing

Tuesday, April 23, 2024

To view this email as a web page, click here The Content Marketer Today, we're explaining how CRMs enhance email marketing programmes, why you need to align your SEO and communications strategies,

🎂 “I Just Created the Coolest Thing Ever”

Tuesday, April 23, 2024

How a viral merchant found her signature product. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ 

SEC Lawyers Resign After Debt Box Scandal

Tuesday, April 23, 2024

Plus IMF Finds Increased Bitcoin Use in Restricted Markets ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Boost Your Revenue: Amy Porterfield’s Tips for Adding a Digital Course to Your Business

Tuesday, April 23, 2024

Amy Porterfield shares expert tips for adding a digital course to your business, boosting revenue and expanding your reach. Don't miss out! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Does Increasing your Domain Rating (DR) Improve your SEO?

Tuesday, April 23, 2024

SEO Tip #61 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Virtual event: How marketers are unlocking AI’s full potential

Tuesday, April 23, 2024

Strategies for preparing data for the AI revolution ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

TikTok Braces for Ban, Media Giants Bought Out and Meta's Threads Ads Hint at Future Trends!

Tuesday, April 23, 2024

Get the scoop on TikTok's uncertain future, media industry shifts, and Meta's intriguing Threads ads launch. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Make a positive impression with AI-generated content

Tuesday, April 23, 2024

Key insights from brands like ESPN, Dove and more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

50% Off EcomCrew Premium Ends Soon

Tuesday, April 23, 2024

Hey Reader, Our first Premium relaunch for 2024 will end soon, and with it, the 50% discount offer. Regular rates will apply after the discount banner disappears. Here's a list of what you can get

ET: April 23rd 2024

Tuesday, April 23, 2024

Exploding Topics Logo Presented by: Exploding Topics Pro Logo Here's this week's list of rapidly trending topics, insights and analysis. Topic #1 Boucle Sofa Chart Boucle sofas are covered in a