Top Cyber Security Companies in the US to Watch in 2024
July 4, 2023, 9 min read
As technology continues to advance at a rapid pace, the sophistication of cyber threats increases correspondingly. Moreover, there is a rising demand for reliable cyber security solutions as risks to data and infrastructure constantly evolve. Given that the United States is a global hub for technological advancements, it is no surprise that it houses several top cyber security companies that lead the charge in combating cyber threats. In this article, we will delve into the top 10 cyber security companies in the US to watch in 2024. These companies have not only demonstrated their expertise in developing state-of-the-art technologies but also provide comprehensive security solutions to businesses and individuals alike.
CrowdStrike
CrowdStrike dominates cybersecurity, safeguarding vital cloud data. With soaring sales and annual revenue at $2.93 billion, its robust financials indicate profitability. Notably, a 37% surge in year-over-year sales and a GAAP net income of $8.5 million signal promising growth. The stock has seen a 70% year-to-date increase, poised for further gains in a $76 billion market amidst escalating cyber threats. CrowdStrike’s future appears exceptionally bright.
Okta
Okta, a rising cybersecurity contender, has faced recent turbulence as hackers breached its databases. Despite the setback leading to a 20% share decline, Okta displayed financial resilience, reporting a 23% revenue increase in Q2. Okta’s fiscal management shines through challenges with a reduced GAAP net loss of $111 million compared to $210 million the prior year. In cybersecurity’s dynamic landscape, setbacks are expected, offering astute investors a potential opportunity. History suggests that betting on resilience during uncertain times can yield substantial long-term gains.
Check Point
Check Point shines as a top cybersecurity stock pick, recognized for its industry leadership. The strategic acquisition of Perimeter 81 for $490 million showcases its commitment to fortifying digital defenses. Q2 revealed substantial growth in subscription sales driven by key offerings like CloudGuard and ThreatCloud AI, propelling an 11% year-over-year surge. Boasting gross margins exceeding 88% and a 31% free cash flow margin, its operational prowess is evident. With a forward P/E ratio below the sector’s median and a recent $325 million share repurchase, Check Point emphasizes its value and pro-shareholder approach.
SentinelOne
SentinelOne leads in AI-driven endpoint security, showcasing growth with its Singularity platform and Purple AI chatbot. Q2 earnings exceeded expectations, hitting $149.42 million in revenue, a 45.8% jump year-over-year. Boasting $1.1 billion in cash and $612.2 million annualized recurring revenue, SentinelOne stands strong as a top cybersecurity stock.
Palo Alto Network
Palo Alto Networks stands out in cybersecurity with its advanced firewalls and application-based security approach, leading to impressive stock growth (71% surge) and robust financial performance. Its revenue growth (25.3%) and EBITDA growth (1,779%) far exceed sector averages, backed by a “strong-buy” consensus from analysts, projecting an 18% potential upside. However, staying ahead in a dynamic cybersecurity landscape remains crucial for sustained success.
Location: Boston, MA
Founded: 2009
Funds Raised: xxx
Employee Number: 51-200
DeleteMe’s primary goal is to assist consumers in regaining control of their data. We are constantly removing personal information from online sources, which makes it easy for our clients (both individual consumers and business enterprises) to protect their privacy and prevent others from misusing or abusing their information. DeleteMe is the category-defining leader in the personal data removal arena, having erased more than 35 Million individual pieces of data since 2010.
DeleteMe is a privacy protection service that helps individuals and businesses remove their personal information from various online platforms and data broker websites. In an increasingly connected world where personal data is widely available, DeleteMe aims to give users more control over their online presence and protect their privacy.
The proliferation of the internet and the rapid growth of social media platforms have made it easier for personal information to be collected, stored, and disseminated online. This has raised concerns about privacy and the potential for misuse of personal data. DeleteMe recognizes these concerns and offers a solution to mitigate the risks associated with online data exposure.
DeleteMe operates by scanning the internet for websites that host personal information, such as addresses, phone numbers, email addresses, and social media profiles. They then assist users in removing this information from these platforms, reducing the risk of identity theft, stalking, spamming, and other forms of online abuse.
Location: New York, NY
Founded: 2011
Funds Raised: N/A
Employee Number: 251-500
Total Defense, a leading provider of internet security solutions, offers comprehensive protection against evolving online threats for consumers and businesses. The company’s award-winning products encompass anti-virus, anti-malware, intrusion prevention, and mobile security. Notably, Total Defense solutions are trusted by over 4 million people worldwide.
Founded in 2011 by AppRiver, a prominent provider of cloud-based IT solutions, Total Defense has its headquarters in New York and maintains additional offices in the United States, the United Kingdom, and Australia.
Total Defense aims to go beyond protection by developing industry-leading technology and delivering proactive support to ensure full customer protection. The company is committed to keeping customers and their families safe on all devices from the ever-evolving landscape of cyber threats, crimeware, and attacks.
Location: San Jose, CA
Founded: 2019
Funds Raised: $156M
Employee Number: 501-1000
Silicon Valley is the location of the headquarters for the privately held corporation Securiti. In 2016, a group of knowledgeable data security professionals established the organization that bears their names. Sequoia Capital and Accel Partners are two of the industry’s most reputable venture capital firms that have invested in Securiti.
The DataControls Cloud from Securiti is the only product now available on the market that offers a unified view of data in all of the most important cloud settings. The system is simple to implement and operate, and it can be modified to cater to the particular requirements of any given organization.
Securiti dedicates itself to assisting organizations in safeguarding their data and complying with applicable data legislation. Businesses can access a free trial version of the company’s DataControls Cloud to evaluate the product before making a purchase.
Location: Atlanta, Georgia
Founded: 2016
Funds Raised: $50M
Employee Number: 1001-5000
OneTrust is a trust intelligence cloud platform that companies use to turn trust from an intangible idea into a measurable edge over their competitors.
Organizations worldwide use OneTrust to enable the responsible use of data, safeguard privacy rights, implement and report on their cyber security program, turn social impact goals into reality, and foster a speak-up culture of trust within their organizations.
OneTrust’s technology is used by over 14,000 customers, including more than half of the companies that make up the Global 2,000. OneTrust presently holds the position of #24 on the Forbes Cloud 100 list of the top private cloud firms in the globe. The company has over 2,000 employees spread over areas in North America, South America, Asia, Europe, and Australia.
Location: Burlington, MA
Founded: 1991
Funds Raised: N/A
Employee Number: 201-500
Ipswitch IT Management software empowers businesses with secure control over their transactions, applications, and infrastructure. Our Unified Infrastructure and Applications Monitoring software provides end-to-end insight, offering remarkable flexibility and effortless deployment. Furthermore, our Information Security and Managed File Transfer solutions ensure secure, automated, and compliant business transactions and file transfers, serving millions of users.
For over 20 years, Ipswitch has been a leader in providing IT management software that is not only easy to try, buy, and use but also highly reliable. Additionally, our reputation stems from our commitment to offering fair prices, conducting honest business practices, and delivering software that functions seamlessly right from the start. Furthermore, our team meticulously designs the software to address the complexities of managing modern cloud, virtual, and networked environments. As a result, it empowers and delights IT Teams worldwide, enabling them to achieve unparalleled performance.
Furthermore, Ipswitch’s products are not only easy to use and deploy but also offer a wide range of features that can significantly help businesses to improve their IT operations. Additionally, the company is widely recognized for its fair prices, honest business practices, and software that works out of the box.
Above all, Ipswitch is a trusted partner for businesses of all sizes. Undoubtedly, the company is committed to not only helping businesses to improve their IT operations but also to protect their valuable IT assets.
Location: Seattle, WA
Founded: 1996
Funds Raised: N/A
Employee Number: 1001-5000
WatchGuard Technologies is a global leader in network security, endpoint security, secure Wi-Fi, multi-factor authentication, and network intelligence. The company’s award-winning products and services are trusted by more than 18,000 security resellers and service providers worldwide to protect more than 250,000 customers.
WatchGuard’s mission is to make enterprise-grade security accessible to businesses of all sizes and types through simplicity. As a result, WatchGuard is a perfect solution for midmarket businesses as well as distributed enterprises.
The company’s headquarters can be found in Seattle, Washington, and it has branches located all over the world, including North America, Europe, Asia Pacific, and Latin America.
Location: Washington, DC
Founded: 2012
Funds Raised: $60M
Employee Number: 1001-5000
Virtru is a pioneer in the field of data privacy and protection on a global scale. Moreover, Virtru provides products and services to secure data, ensuring only authorized access. Furthermore, with end-to-end encryption, messages remain exclusive to the sender and intended recipient, thereby immune to interception by hackers or governments.
Additionally, Virtru’s solutions are simple to implement. Furthermore, integration with well-known email and file-sharing services, such as Gmail, Microsoft Office 365, and Box, is possible with these products. Consequently, it is simple for organizations and individuals to safeguard their data without having to make any adjustments to the processes they already use.
Companies and individuals worldwide recognize Virtru as a reliable business partner. Furthermore, organizations across various sectors, including the public sector, healthcare industry, and financial services sector, have utilized the company’s services.
Location: Los Angeles, California
Founded: 2000
Funds Raised: N/A
Employee Number: 51-200
AppSealing is the only solution for mobile app protection that is cloud-based and offers a pay-as-you-go model. AppSealing provides immediate protection for your mobile application against unauthorized modification and hacking.
INKA Entworks has recently launched a new business called AppSealing. INKA Networks is a company that specializes in content security and is committed to assisting content creators and publishers in safeguarding their work from being manipulated or stolen.
The parent firm founded in 2000 and possesses over 20 years of expertise in the security industry. It has achieved worldwide recognition as a leader in developing anti-piracy technology. The cloud-based and patent-protected security solution developed by INKA Entworks makes it impossible for hackers to steal or manipulate content.
INKA holds the distinction of being one of the first companies to venture into the field of digital rights management. Notably, it played a pivotal role in driving the standardization of DRM interoperability between WDRM and OMA. Additionally, prominent film studios such as The Walt Disney Pictures, Universal Pictures, Paramount Pictures, Warner Bros. Entertainment, and Sony Pictures have exclusively authorized INKA to deliver their cutting-edge digital rights management (DRM) technology. This privilege is granted to only five businesses worldwide. Some of the more than a thousand clients from all around the world are currently utilizing INKA Entworks solutions.
Location: Cleveland, Ohio
Founded: 1996
Funds Raised: $250K
Employee Number: 11-50
PreEmptive offers the world’s most advanced app protection solutions to safeguard your important apps. With a focus on desktop, mobile, server, and embedded applications, PreEmptive is the top choice for organizations committed to ensuring robust security without compromising build processes, debugging efforts, or app performance. Trusted by over 5,000 corporate clients in 100+ countries and across various industries, PreEmptive is the leading solution for application hardening and protection.
PreEmptive Protection is compatible with all flavors of.NET, Java, Android, Kotlin, Unity, iOS, Xamarin, and UWP apps. This allows it to assist businesses in protecting their intellectual property (IP), lowering the risk of piracy and counterfeiting, preventing tampering with their applications, and lowering the risk of data breaches.
PreEmptive Solutions’ technologies integrated into Visual Studio 2003-2018 undergo rigorous testing and audits by Microsoft. It is the only technology provided by a third party that possesses this level of integration and certification. Additionally, some of the most well-known and successful mobile carriers in the world make use of the mobile protection solutions offered by PreEmptive.
Location: Raleigh, North Carolina
Founded: 2020
Funds Raised: N/A
Employee Number: 501-1000
Digital.ai, a market-leading technology business, founded with the mission of assisting Global 5000 companies in achieving their digital transformation objectives. Throughout the entirety of the software development lifecycle, the company’s AI-enabled DevOps platform will unify, secure, and provide predictive insights. Digital.ai gives businesses the ability to extend their software development teams, continually deliver software of higher quality and security, and discover new market opportunities, all while increasing their company value through more intelligent software investments.
It is on a quest to unlock unlimited digital possibilities by harmonizing the supply of software. Formed by leading providers of agile planning, DevOps, and app security technologies, our experienced team delivers vital solutions to 1,100+ global organizations.
Trustworthy US cyber security businesses provide effective solutions against growing cyber dangers. Moreover, these organizations lead in innovation as technology advances. By proactively staying ahead of hackers, they protect businesses and individuals from cyber catastrophes.
These top cyber security companies offer comprehensive solutions to safeguard individuals and businesses from online threats. Additionally, they consistently generate and implement new ideas to outpace hackers. Therefore, when seeking a cyber security solution, conducting thorough research and selecting a proven, successful business becomes crucial.
Additional Source: Nasdaq
