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Infosec's one and only exit

In just the past month, four different information security startups have all pulled in single rounds of funding that typically would have only been available from an IPO. In addition to filling company coffers, however, the roughly $100m slug of capital raised by each of the quartet will likely influence company strategy, at least when it comes time to seek an exit. Unlike unicorns in other markets, highly valued privately held infosec startups haven't realized that value through M&A.