Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Snyk hit $326M in annual recurring revenue (ARR) in February 2026, up 7% YoY and up from $322M at the end of 2025.</li><li>Snyk was valued at $7.4 billion as of December 2022, following their latest funding round.</li><li>Snyk has also said it still has nearly $400M in cash and reportedly burned about $30M in the first half of 2025, after staff cuts in 2022 and 2023.</li></ul>

Sacra estimates that Snyk hit $326M in annual recurring revenue (ARR) in February 2026, up 7% YoY and up from $322M at the end of 2025.Snyk was valued at $7.4 billion as of December 2022, following their latest funding round.Snyk has also said it still has nearly $400M in cash and reportedly burned about $30M in the first half of 2025, after staff cuts in 2022 and 2023.

<ul><li>Daylight closed a $33 million Series A in November 2025 led by Craft Ventures.</li><li>Daylight operates on a subscription SaaS model, selling managed detection and response services to mid-market and enterprise customers.</li><li>Daylight plans to launch identity threat detection and response capabilities, entering a market projected to grow from $13.8 billion in 2024 to $47 billion by 2030.</li></ul>

Daylight closed a $33 million Series A in November 2025 led by Craft Ventures.Daylight operates on a subscription SaaS model, selling managed detection and response services to mid-market and enterprise customers.Daylight plans to launch identity threat detection and response capabilities, entering a market projected to grow from $13.8 billion in 2024 to $47 billion by 2030.

<ul><li>Sacra estimates that Wiz is at $500M ARR as of June 2024, up roughly 216% year-over-year.</li><li>Wiz raised $1 billion in their latest funding round in May 2024 at a $12 billion valuation, led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital.</li><li>Wiz pursued a so-called “suicide plan” to speedrun building a cybersecurity giant—raising $900M, hiring 750 employees, and aggressively going after big, top-down enterprise deals.</li></ul>

Sacra estimates that Wiz is at $500M ARR as of June 2024, up roughly 216% year-over-year.Wiz raised $1 billion in their latest funding round in May 2024 at a $12 billion valuation, led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital.Wiz pursued a so-called “suicide plan” to speedrun building a cybersecurity giant—raising $900M, hiring 750 employees, and aggressively going after big, top-down enterprise deals.

Noname Security / Private Capital Markets

<ul><li>Sacra estimates Noname Security hit $40M in annual recurring revenue (ARR) in 2023, growing rapidly since its emergence from stealth in December 2020.</li><li>The startup has secured significant funding to fuel its growth, raising $220M across three rounds within just 12 months, achieving a $1B valuation in December 2021.</li><li>With 80% of internet traffic now flowing through APIs and high-profile breaches at companies like Experian and Peloton highlighting vulnerabilities, Noname's current TAM in API security is expanding rapidly.</li></ul>

Sacra estimates Noname Security hit $40M in annual recurring revenue (ARR) in 2023, growing rapidly since its emergence from stealth in December 2020.The startup has secured significant funding to fuel its growth, raising $220M across three rounds within just 12 months, achieving a $1B valuation in December 2021.With 80% of internet traffic now flowing through APIs and high-profile breaches at companies like Experian and Peloton highlighting vulnerabilities, Noname's current TAM in API security is expanding rapidly.

<ul><li>Orca Security found product-market fit as an agentless cloud security platform for enterprises struggling with the complexity of securing their cloud infrastructure.</li><li>The market increasingly favors vendors who can provide comprehensive visibility across multi-cloud environments without requiring agent deployment, while consolidation through acquisitions continues to reshape the competitive landscape.</li><li>The cloud security market represents a massive growth opportunity, expected to reach $77B by 2026.</li></ul>

Orca Security found product-market fit as an agentless cloud security platform for enterprises struggling with the complexity of securing their cloud infrastructure.The market increasingly favors vendors who can provide comprehensive visibility across multi-cloud environments without requiring agent deployment, while consolidation through acquisitions continues to reshape the competitive landscape.The cloud security market represents a massive growth opportunity, expected to reach $77B by 2026.

United States

Cloud security tool for enterprises to detect and prioritize risks across AWS, Azure, GCP

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Wiz (IO US)

Primer: Snyk - 08 Mar 2026

Tool for developers to detect and fix code, container, and cloud vulnerabilities

Sacra

Primer: Daylight - 09 Nov 2025

Managed Detection and Response (MDR) service combining Agentic AI with human expertise to deliver autonomous, end-to-end cyber defense

Sacra

Primer: Wiz - 07 Dec 2024

Cloud security tool for enterprises to detect and prioritize risks across AWS, Azure, GCP

Sacra

Primer: Noname Security - 16 Nov 2024

Dashboard for enterprise security teams to discover, monitor, and protect APIs at scale

Sacra

Primer: Orca Security - 16 Nov 2024

Tool for agentless cloud risk detection across workloads, identities, APIs, and configurations

Sacra

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