KPI Leaderboard
Capital Efficiency Rankings — Cybersecurity Startups
Cybersecurity startups ranked by ARR per dollar of total funding raised. Capital efficiency measures how effectively a company converts investment into recurring revenue — a key signal of product-market fit and go-to-market efficiency.
Published: April 2, 2026 · Last updated: May 20, 2026
ARR / Total Funding Ratio
Annual recurring revenue divided by total funding raised. Higher ratio indicates more efficient capital deployment.
| Rank | Company | ARR / $1 Raised |
|---|---|---|
| 1 | Vigilance Security | $0.56 |
| 2 | Chainguard | $0.41 |
| 3 | Prompt Security | $0.38 |
| 4 | Gutsy | $0.34 |
| 5 | Normalyze | $0.31 |
| 6 | Island | $0.28 |
| 7 | Pangea | $0.25 |
| 8 | Oligo | $0.22 |
| 9 | Abnormal Security | $0.19 |
| 10 | Endor Labs | $0.17 |
#1: Vigilance Security — $0.56 ARR/$1 (97th Percentile)
Vigilance Security generates $0.56 in ARR for every $1 of capital raised, placing it in the 97th percentile for capital efficiency. The median early-stage cybersecurity company generates approximately $0.15-$0.25. This level of efficiency suggests strong product-market fit and an efficient go-to-market motion, particularly notable given the company's seed-stage capitalization.
Why Capital Efficiency Matters
Capital efficiency is weighted at 20% of our composite score. It measures how effectively a startup converts investor dollars into revenue. High capital efficiency correlates with strong product-market fit, efficient sales processes, and sustainable unit economics. For seed-stage companies, this metric is especially revealing — it separates companies that are growing through burn from those growing through genuine customer demand.