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Innovation Tier

Emerging / Unranked

Not enough independent evidence for a confident score yet — or a scaled public incumbent (Splunk, Cisco, IBM, Microsoft, and similar category giants) whose innovation pace has gone stale relative to the market it once defined, however large its install base or revenue.

42 /100

inBay Technologies

inBay Technologies builds idQ, a passwordless digital identity and delegated authorization platform aimed at eliminating usernames and passwords…

Emerging / Unranked Identity & Access Management
42 /100

Hypersecu Information Systems

Canadian hardware and cloud multi-factor authentication vendor making FIDO2/FIDO U2F security keys, OTP tokens, and PKI smart cards…

Emerging / Unranked Identity & Access Management
40 /100

Defy Security

A vendor-neutral security integrator acquired by Booz Allen Hamilton in February 2026 to support its European commercial business.

Emerging / Unranked Security Operations
40 /100

AlertFusion

A UK-based early-stage startup building an alert-triage and vulnerability-management workbench that unifies output from multiple security tools into…

Emerging / Unranked Threat & Vulnerability Management
40 /100

Credemtel

A bank-backed Italian digital-identity and trust-services provider that raised its stake in Andxor from 40% to 75% in…

Emerging / Unranked Identity & Access Management
40 /100

Kaduu

Swiss dark web and deep web monitoring provider that alerts organizations when their credentials, data or brand assets…

Emerging / Unranked Attack Surface Management
40 /100

Malloc Inc

Malloc provides AI-driven mobile cybersecurity that monitors and blocks unauthorized data recording or transmission from mobile devices, using…

Emerging / Unranked AI Security
40 /100

Revyz

A San Francisco Jira and Confluence backup and resiliency vendor absorbed into Spin.AI.

Emerging / Unranked Data Protection
40 /100

Quixxi

An Australian patented mobile-app security vendor acquired by ASX-listed WhiteHawk in a scrip-for-scrip deal.

Emerging / Unranked Application Security
40 /100

Squad

A French IT and cybersecurity group (~EUR 135M revenue target) adding strategic GRC and IAM consulting through its…

Emerging / Unranked Security Operations
40 /100

Block Party

A Palo Alto social-media privacy-exposure tool acquired by DeleteMe as a complement to data-broker removal.

Emerging / Unranked Data Protection
40 /100

Stelau

A 24-year-old Paris digital-identity security consultancy acquired by iDAKTO to complete an end-to-end identity value chain.

Emerging / Unranked Governance, Risk & Compliance
40 /100

SoundWay Consulting

A Cyber AB-authorized CMMC C3PAO whose CMMC business line was acquired by Koniag Cyber in March 2026.

Emerging / Unranked Governance, Risk & Compliance
40 /100

digitronic computersysteme

Chemnitz, Germany-based encryption and authentication software vendor providing network-drive data encryption and two-factor login protection for government and…

Emerging / Unranked Data Protection
40 /100

Capslock

A Manchester cyber-reskilling bootcamp (1,200+ career changers placed) fully absorbed into joint-venture partner mthree.

Emerging / Unranked Governance, Risk & Compliance
40 /100

Cyber Innovation

Brazilian security-as-a-service boutique offering offensive security testing, application security, and virtual CISO consulting.

Emerging / Unranked Threat & Vulnerability Management
40 /100

Oxford BioChronometrics

Behavioral-biometric bot and fraud detection technology ('e-DNA') originating from Oxford University research, protecting ad clicks, forms, and checkout…

Emerging / Unranked Identity & Access Management
40 /100

Rosberg Systems

Norwegian vendor of Verji, an end-to-end encrypted enterprise messaging and file-sharing platform aimed at accounting, legal, audit, and…

Emerging / Unranked Data Protection
40 /100

BLOKWORX

Prevention-first managed security services provider offering 24/7 SOC-backed network, endpoint and cloud security for small and mid-sized businesses…

Emerging / Unranked Managed Security Services (MSSP/MDR)
40 /100

Barrier Networks

Barrier Networks is a Glasgow-based cybersecurity service provider offering managed SOC, incident response, penetration testing, and operational technology…

Emerging / Unranked Managed Security Services (MSSP/MDR)
40 /100

mhm

A five-year-old Calgary assurance firm and ISO 42001 accreditation pioneer acquired by Axiom GRC.

Emerging / Unranked Governance, Risk & Compliance
40 /100

Network Solutions, Inc.

Network Solutions, Inc. (branded NSI, distinct from the domain registrar of the same name) is Cisco's largest Indiana-based…

Emerging / Unranked Network Security
40 /100

Cremit

A Seoul-based, very early-stage startup building an AI-powered platform to discover, monitor and rotate non-human identities like API…

Emerging / Unranked Identity & Access Management
40 /100

WeSecureApp

Offensive security firm providing application, network, and cloud penetration testing, red teaming, and vulnerability assessment services to mid-market…

Emerging / Unranked Threat & Vulnerability Management