Methodology for the Fortune Cyber 60
The Fortune Cyber 60 is a new listing of the most important venture-backed startups that offer enterprise-grade cybersecurity solutions and have not had an IPO, acquisition, or other significant exit event. The list is segmented into alphabetized groups of 20 by three distinct phases: early stage companies; mid, or early growth stage companies; and late, or growth stage companies. To construct the Fortune Cyber 60 list, Lightspeed Venture Partners surveyed over 300 cybersecurity startups based on market data provided by Pitchbook. Lightspeed requested data regarding revenue and current and prior year growth rates, and sorted the companies that responded according to their ARR, followed by growth rate, and prior year growth rate as tiebreakers. Lightspeed reviewed the responses for Fortune Cyber 60 eligibility by validating the accuracy of the self-reported data, along with reviewing the business operations of the company. Lightspeed also nominated companies for consideration based on the investment partners’ research and analysis of the cybersecurity market landscape. No company was added or removed from the list for any other reason except those listed above. When Lightspeed is an investor in a Fortune Cyber 60 company, it is noted on their listing.