Companies · Cybersecurity
South Africa · Cybersecurity · founded 1991 · http://www.issafrica.org
Diligence memoA one-page analyst read on Institute for Security Studies — recommendation, valuation, rhythm, risks.→Institute for Security Studies: limited disclosed financing to assess.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
Institute for Security Studies is one of 270 Cybersecurity companies tracked from South Africa, on record since 1991. By capital raised it ranks in the long tail (ahead of 19% of sector peers), and in the long tail by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
South African company.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
No round amounts on record to chart.
No staged rounds to sequence.
Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 270 companies in Cybersecurity. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 19% of sector peers (real $). Modeled value above 19% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| No rounds recorded. | |||||
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| 3VR Security Inc | Cybersecurity | Series B | $34.9M | $85.4M | same sector |
| 802 Secure, Inc. | Cybersecurity | Seed | $3.7M | $144.0M | same sector |
| AaDya Security, Inc | Cybersecurity | Series A | $9.4M | $154.6M | same sector |
| Abnormal Security Corp | Cybersecurity | Series D+ | $282.6M | $4.8B | same sector |
| Agentic Fabriq | Cybersecurity | — | — | — | same sector |
| Aktoh Cyber LLC | Cybersecurity | Pre-Seed | $250K | $1.4M | same sector |
| Allure Security Technology, Inc. | Cybersecurity | Series A | $25.7M | $58.1M | same sector |
| American Secure Living Inc. | Cybersecurity | Seed | $3.7M | $4.0M | same sector |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| South African Institute of Computer Scientists and Information Technologists South African company. | Software / Tech | — | — | 85% |
| Smart Conn Security South African company. | Cybersecurity | — | — | 83% |
| Africa Institute of South Africa South African company. | — | — | — | 80% |
| Research Institute for Theology and Religion, University of South Africa South African company. | — | — | — | 78% |
| Namibia Securities Exchange Namibian company, based in Windhoek. | Cybersecurity | — | — | 77% |
| African Online Scientific Information Systems South African company. | Software / Tech | — | — | 76% |
| Identity South African company. | — | — | — | 76% |
| South African Society for Enology and Viticulture South African company. | — | — | — | 75% |
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