5 Cybersecurity Startup Success Stories [2024]

Pat Walls

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Updated: December 1st, 2023

Start A Cybersecurity Startup

A cybersecurity startup specializes in addressing specific vulnerabilities or providing all-purpose solutions to protect against a wide range of threats that can compromise the security of individuals and organizations alike.

To start a cybersecurity business, research the latest attack vectors and vulnerabilities, such as phishing, ransomware, or data breaches, to devise proprietary detection and response mechanisms that provide better protection.

Then, develop recurring SaaS solutions, high-touch customer service, and strategic partnerships to build traction with SMBs and enterprise clients needing user-friendly and affordable security services.

By enhancing protection services, providing education, achieving compliance, and thwarting attacks, you can establish your cybersecurity startup as a trusted cybersecurity provider in the digital era.

Here are some real life success stories of starting a cybersecurity startup:

1. Eden Data ($2.76M/year)

Meet Taylor Hersom, founder of cybersecurity consulting firm Eden Data. After working as a Chief Information Security Officer (CISO) and realizing the high cost of hiring a CISO, Taylor came up with the idea of offering startups a virtual CISO subscription at a more affordable price. Since launching in March 2020, Eden Data has scaled to four team members and has achieved an impressive MRR of $45,000, all through remote services and with minimal startup costs.

How much they make: $2.76M/year
Current team size: 20

How I Started A $45K/Month Cybersecurity Consulting Firm For Startups

Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.

About

Taylor started Eden Data about 4 years ago

Revenue

Taylor grew the business to $230K/month

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2. Las Vegas Information Security (Now TCM Security) ($168K/year)

Alex Tushinsky, founder of Las Vegas Information Security, came up with the idea for his business after hearing stories of small businesses falling victim to cyberattacks and realizing the lack of preparedness within this sector. Recognizing the need for practical and affordable cybersecurity solutions, Tushinsky launched LVIS to focus on prevention and education, offering tailored controls and guidance to help businesses mitigate risks and avoid costly cybersecurity incidents.

How much they make: $168K/year
How much did it cost to start: $2.5K
Current team size: 1

How This Cybersecurity Expert Makes $14K/Month Helping Small Businesses

Las Vegas Information Security focuses on providing practical and affordable cybersecurity solutions to startups and small businesses by concentrating on prevention and education, rather than remediation, to reduce the risk of cybersecurity events for their clients.

About

Alexander started Las Vegas Information Security (Now TCM Security) over 3 years ago

Revenue

Alexander grew the business to $14K/month

Costs

It cost Alexander $2500 to start the business

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Learn more about starting a cybersecurity startup:

Where to start?

-> How much does it cost to start a cybersecurity startup?
-> Pros and cons of a cybersecurity startup

Need inspiration?

-> Examples of established cybersecurity startup
-> Marketing ideas for a cybersecurity startup

Other resources

Part of

Starting A Cybersecurity Startup: Everything You Need To Know

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3. Coro ($24M/year)

How much they make: $24M/year
Current team size: 258

Perfect timing Security SaaS Hits $12m Revenue, Closes $80m on $500m Valuation last week

Cyber security SaaS platform Coro offers cloud security services to mid-market enterprises, securing a total of $81.5 million in funding and a $500 million valuation, with 4,500 clients on the platform and reaching a $1 million run rate in 2019.

About

Dror started Coro over 10 years ago

Revenue

Dror grew the business to $2M/month

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