The 20 Coolest Network Security Companies of 2022: The Security 100

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The growth of Bring Your Own Devices (BYOD) policies along with the increase in working from home amid the pandemic is expected to drive the demand for network security. The global network security market is expected to grow at a compound annual growth rate of 12% in the coming years, growing from $24.9 billion in 2020 to $60.4 billion in 2028, according to Fortune Business Insights.

Five companies on our list have secured six-figure funding rounds, including: Armis, which raised $300 million at a $3.4 billion valuation; Cato Networks, which raised $200 million at a $2.5 billion valuation; Claroty, which raised $400 million on an undisclosed valuation; Dragos, which raised $200 million at a valuation of $1.7 billion; and Vectra, which raised $130 million at a $1.2 billion valuation.

Three network security vendors on our list have strengthened their technological authenticity through acquisitions. Notable deals include: Cisco’s purchase of Kenna Security to help customers prioritize vulnerabilities more effectively; Claroty’s purchase of Medigate to help protect hospitals and life sciences companies; and Ivanti’s acquisition of RiskSense to help customers reduce their attack surface and prioritize vulnerabilities.

As part of CRN’s Security 100 2022, here’s a look at 20 network security vendors offering everything from log filtering and encrypted traffic visibility to containerized firewalls and SD-WAN.