Citi Ventures

Citi Ventures, established in 2008 and headquartered in San Francisco, serves as the venture capital arm of Citigroup. The firm focuses on investing in innovative companies across various sectors, including fintech, data analytics, machine learning, security, and digital assets. With a global presence that includes offices in New York, London, Palo Alto, Tel Aviv, and Singapore, Citi Ventures aims to leverage the resources and expertise of Citigroup to discover and nurture new sources of value. The investment team, composed of over 45 professionals, actively collaborates with Citi colleagues, clients, and the broader innovation ecosystem to explore, incubate, and invest in promising ideas that can drive technological change and benefit communities and businesses. Currently, Citi Ventures manages approximately $4.3 billion in equity investments and committed capital, emphasizing its commitment to emerging markets and the evolution of the financial landscape.

Avi Arnon

vice_president

Thompson Barro

Senior Vice President, Venture Investing

Matt Carbonara

Managing Director, Venture Investing

Vanessa Colella

Chief Innovation Officer, Citi & Head of Citi Ventures & Citi Productivity

Oscar Lam

Vp

Maja Lapcevic

SVP

Alix Brunet Nazir

VP

Blaze O'Byrne

Senior Vice President

Arvind Purushotham

Head of Citi Ventures

Vibhor Rastogi

Director, Venture Investing

Ornit Shinar

Managing Director

Luis Valdich

Managing Director

Jelena Zec

SVP

Past deals in Cyber Security

Concentric AI

Series A in 2022
Concentric’s Semantic Intelligence solution delivers data risk insights across the entire inventory of sensitive documents in the cloud and on-premises. Its deep learning technology examines each document’s content and context for efficient actionable security. It scans the documents, identifies sensitive or business-critical data, evaluates the risk each document poses and highlights critical concerns that need immediate attention. The company was founded in 2018 and is headquartered in San Jose, California.

Silverfort

Series C in 2022
Silverfort Inc. specializes in authentication and access protection solutions for enterprises, providing an agentless and proxyless platform that enhances security without requiring modifications to existing systems. Founded in 2016 and based in Tel Aviv, Israel, with additional offices in Boston and Houston, the company offers its Authentication Firewall to prevent unauthorized access to sensitive resources both on-premises and in the cloud. Silverfort's technology integrates Multi-Factor Authentication, Risk-Based Authentication, and Zero Trust policies in a unified, AI-driven approach across all corporate users, devices, and systems. This innovative solution addresses previously unprotected systems, including legacy infrastructures and homegrown applications, enabling organizations to detect and prevent identity-based attacks, comply with regulations like PCI DSS, NIST, and HIPAA, and securely transition to cloud environments.

Justt

Series B in 2021
AcroCharge provides the charge-back mitigation solutions to eCommerce merchants.

Tessian

Series C in 2021
Tessian Limited is a provider of an advanced email security platform that addresses human error in data handling, significantly reducing the risk of data loss. The platform employs machine learning and artificial intelligence to identify when emails are mistakenly sent to unintended recipients, alerting the sender in real time to allow corrections. It features tools such as CheckRecipient Guardian and CheckRecipient RuleBuilder, which enhance organizational control over email communications. Tessian’s technology is designed to analyze email networks and prevent the transmission of sensitive information to the wrong individuals, thereby safeguarding against threats like data exfiltration, business email compromise, and phishing attacks. The company serves various sectors, including legal services, healthcare, investment management, and technology. Founded in 2013 and headquartered in London, Tessian also has an office in San Francisco and is supported by prominent investors.

Immersive Labs

Series C in 2021
Immersive Labs Limited is a company based in Bristol, United Kingdom, that specializes in designing and developing a cloud-based platform aimed at enhancing technical cyber skills within organizations. The platform offers users access to profiles, skill dashboards, and gamified leaderboards to help identify skill gaps and potential security vulnerabilities. With a library of over 500 labs that is continuously expanding, Immersive Labs creates content that encourages critical thinking and problem-solving in various areas of cybersecurity, including ethical hacking, threat hunting, and reverse-engineering malware. The platform is easily accessible via web browsers, allowing users to engage with challenges from any device, anywhere. In addition to its core offerings, Immersive Labs provides training on cyber awareness, compliance, security engineering, and various analysis techniques, supporting enterprises, government, defense, and law enforcement agencies in building their cybersecurity capabilities. Immersive Labs was incorporated in 2016.

Styra

Series B in 2021
Styra, Inc. develops a clod tool for security and compliance. It offers Styra Declarative Authorization Service, a solution that provides context-based admission control policy to mitigate risks, reduce human errors, and accelerate Kubernetes deployments. The company’s solution is also used for policy design and validation, policy distribution, policy monitoring and auditing, Compliance-as-Code, and shift security. Its solutions include applications, multi-cloud, micro services, containers, databases, and servers. Styra, Inc. was founded in 2015 and is based in Redwood City, California.

Socure

Series D in 2021
Socure Inc. specializes in digital identity verification solutions through its Socure ID+ platform, which utilizes predictive analytics, artificial intelligence, and machine learning to authenticate identities in real-time. The platform aggregates data from various online and offline sources, such as emails, phone numbers, and social media, to support compliance with customer identification programs, know your customer guidelines, and anti-money laundering regulations. In addition to the Socure ID+ platform, the company offers tools like Aida, an AI-driven bot for identity validation, Docv for document verification, and Sigma Synthetic Fraud, which addresses synthetic identity fraud. Socure enhances financial inclusion by approving a significant percentage of millennial and thin-file consumers while substantially reducing fraud in online account openings. Founded in 2012 and headquartered in New York, Socure serves a diverse clientele, including software firms, financial institutions, and integration partners, and has established a strategic partnership with ForgeRock.

Socure

Series C in 2020
Socure Inc. specializes in digital identity verification solutions through its Socure ID+ platform, which utilizes predictive analytics, artificial intelligence, and machine learning to authenticate identities in real-time. The platform aggregates data from various online and offline sources, such as emails, phone numbers, and social media, to support compliance with customer identification programs, know your customer guidelines, and anti-money laundering regulations. In addition to the Socure ID+ platform, the company offers tools like Aida, an AI-driven bot for identity validation, Docv for document verification, and Sigma Synthetic Fraud, which addresses synthetic identity fraud. Socure enhances financial inclusion by approving a significant percentage of millennial and thin-file consumers while substantially reducing fraud in online account openings. Founded in 2012 and headquartered in New York, Socure serves a diverse clientele, including software firms, financial institutions, and integration partners, and has established a strategic partnership with ForgeRock.

Silverfort

Series B in 2020
Silverfort Inc. specializes in authentication and access protection solutions for enterprises, providing an agentless and proxyless platform that enhances security without requiring modifications to existing systems. Founded in 2016 and based in Tel Aviv, Israel, with additional offices in Boston and Houston, the company offers its Authentication Firewall to prevent unauthorized access to sensitive resources both on-premises and in the cloud. Silverfort's technology integrates Multi-Factor Authentication, Risk-Based Authentication, and Zero Trust policies in a unified, AI-driven approach across all corporate users, devices, and systems. This innovative solution addresses previously unprotected systems, including legacy infrastructures and homegrown applications, enabling organizations to detect and prevent identity-based attacks, comply with regulations like PCI DSS, NIST, and HIPAA, and securely transition to cloud environments.

Kenna Security

Series D in 2019
Kenna Security, Inc. is a technology company specializing in vulnerability management and risk intelligence solutions. Founded in 2009 and headquartered in San Francisco, with an additional office in Chicago, the company offers the Kenna platform, which enables organizations to prioritize vulnerabilities, measure risk, and automate analysis. By utilizing Cyber Risk Context Technology, Kenna helps clients focus on critical cyber risks, thereby enhancing the efficiency of security teams. Its solutions cater to a diverse range of sectors, including media and entertainment, healthcare, telecommunications, financial services, and more, both domestically and internationally. Kenna Security has established itself as a leader in predictive cyber risk management, serving numerous Fortune 100 companies across various industries.

Pindrop

Series D in 2018
Pindrop Security, Inc. specializes in providing enterprise solutions to secure phone and voice communications, focusing on fraud prevention and customer verification. The company has developed patented technologies, including Phoneprinting, which analyzes phone calls to identify malicious behaviors and confirm legitimate callers. Additionally, Pindrop Express offers a risk-based authentication solution that validates customer phone numbers before calls reach contact centers. Its services are designed to combat various fraud tactics, such as caller ID spoofing and social engineering. Pindrop's solutions are utilized by numerous sectors, including finance, healthcare, insurance, retail, and travel, helping organizations detect fraudulent activities and authenticate callers efficiently. Established in 2011 and headquartered in Atlanta, Georgia, Pindrop is backed by prominent venture capital firms and plays a significant role in enhancing security and customer experience in voice interactions.

Contguard

Series A in 2018
Contguard is a global monitoring company that provides end-to-end service for managing goods in transit. We enable our clients to optimize their Supply Chain management by delivering in-depth information analysis as well as real-time data on their shipping. With Contguard you would know in real-time - * Your Cargo's location. * Deviation from your planned route. * Arrival/Departure from defined locations. * Your Cargo's temperature and humidity tailored to your defined parameters. * Container intrusion alert - whether the container's doors have been opened or in other means. * Shake impact - in case your cargo is not properly handled.

Verodin

Series B in 2018
Verodin, Inc. is a software company based in Purcellville, Virginia, focused on enhancing cybersecurity effectiveness for organizations. Incorporated in 2014, Verodin develops the Security Instrumentation Platform (SIP), which enables businesses to measure and validate the effectiveness of their cybersecurity controls across various domains, including endpoint, email, cloud, and network infrastructures. The platform provides evidence that helps organizations assess their security postures and continuously improve their defenses against cyber threats. As of May 2019, Verodin operates as a subsidiary of FireEye, Inc., further strengthening its position in the cybersecurity landscape.

Contguard

Venture Round in 2018
Contguard is a global monitoring company that provides end-to-end service for managing goods in transit. We enable our clients to optimize their Supply Chain management by delivering in-depth information analysis as well as real-time data on their shipping. With Contguard you would know in real-time - * Your Cargo's location. * Deviation from your planned route. * Arrival/Departure from defined locations. * Your Cargo's temperature and humidity tailored to your defined parameters. * Container intrusion alert - whether the container's doors have been opened or in other means. * Shake impact - in case your cargo is not properly handled.

Unbound Security

Series B in 2017
Unbound Security specializes in providing advanced security solutions that protect digital assets and secrets without exposing sensitive information. By enabling organizations to control, manage, and safeguard keys across various platforms from a centralized interface, Unbound enhances security while allowing for the rapid development of digital services. The company also offers integration of a virtual secure enclave into applications, facilitating secure transactions from less secure devices. With its innovative technology, Unbound Security addresses the challenges of security, privacy, and compliance, enabling businesses to operate with greater agility and confidence. Founded in 1996 and based in New York, Unbound Security has established strategic partnerships to further enhance its capabilities in the market.

Pindrop

Series C in 2016
Pindrop Security, Inc. specializes in providing enterprise solutions to secure phone and voice communications, focusing on fraud prevention and customer verification. The company has developed patented technologies, including Phoneprinting, which analyzes phone calls to identify malicious behaviors and confirm legitimate callers. Additionally, Pindrop Express offers a risk-based authentication solution that validates customer phone numbers before calls reach contact centers. Its services are designed to combat various fraud tactics, such as caller ID spoofing and social engineering. Pindrop's solutions are utilized by numerous sectors, including finance, healthcare, insurance, retail, and travel, helping organizations detect fraudulent activities and authenticate callers efficiently. Established in 2011 and headquartered in Atlanta, Georgia, Pindrop is backed by prominent venture capital firms and plays a significant role in enhancing security and customer experience in voice interactions.

Cylance

Series D in 2016
Cylance is the first company to apply artificial intelligence, algorithmic science, and machine learning to cybersecurity and improve the way companies, governments, and end-users proactively solve the world’s most difficult security problems. Using a breakthrough mathematical process, Cylance quickly and accurately identifies what is safe and what is a threat, not just what is in a blacklist or whitelist. By coupling sophisticated math and machine learning with a unique understanding of a hacker’s mentality, Cylance provides the technology and services to be truly predictive and preventive against advanced threats.

vArmour

Series D in 2016
vArmour is a leader in data defined perimeter security. Where the world of mobile, virtualization and cloud has moved beyond the traditional perimeter, threats are more sophisticated and CIO’s require greater visibility and control of their data. Based in Mountain View, California, vArmour is founded by security and technology experts from Juniper, Netscreen, RSA and Silvertail. Find out more at www.varmour.com

Illusive

Series B in 2016
Illusive Networks Ltd. specializes in cybersecurity solutions that utilize deception technology to protect organizations from advanced cyber threats. The company offers a range of services, including compliance support, insider threat defense, and cloud security solutions. Their product suite includes the Illusive Networks Management Platform for centralized cyber security management, the Attack Surface Manager for continuous network vulnerability discovery, and tools for attack detection and intelligence that provide actionable insights into cyber incidents. Illusive Networks serves various industries, including financial services, healthcare, legal, manufacturing, retail, and technology. Founded in 2014, the company operates from its headquarters in Tel Aviv-Yafo, Israel, and has an additional office in New York, New York.

Illusive

Series B in 2015
Illusive Networks Ltd. specializes in cybersecurity solutions that utilize deception technology to protect organizations from advanced cyber threats. The company offers a range of services, including compliance support, insider threat defense, and cloud security solutions. Their product suite includes the Illusive Networks Management Platform for centralized cyber security management, the Attack Surface Manager for continuous network vulnerability discovery, and tools for attack detection and intelligence that provide actionable insights into cyber incidents. Illusive Networks serves various industries, including financial services, healthcare, legal, manufacturing, retail, and technology. Founded in 2014, the company operates from its headquarters in Tel Aviv-Yafo, Israel, and has an additional office in New York, New York.

Netskope

Series D in 2015
Netskope, Inc. is a software company specializing in cloud application analytics and security solutions designed to protect enterprise data and users globally. The company offers the Netskope Security Cloud, which provides real-time visibility and protection against data threats when accessing cloud services, websites, and private applications. Through its patented Cloud XD technology, Netskope enables organizations to gain insights into cloud usage and enforce policies such as data loss prevention, access control, and malware protection across various platforms. Additionally, the company’s NewEdge security network facilitates seamless security without compromising performance. Netskope also functions as a Cloud Access Security Broker (CASB), helping organizations manage cloud application usage and prevent data exfiltration. Its offerings extend to web security solutions that filter content, detect advanced threats, and control application usage. Founded in 2012 and headquartered in Santa Clara, California, Netskope serves various industries, including financial services, healthcare, and retail, with a global presence supported by multiple data centers.

Tanium

Series F in 2015
Tanium Inc. is a provider of security and management solutions designed for enterprises and government organizations to effectively manage and secure their computer assets. The company offers a comprehensive platform that enables real-time data collection and management of millions of endpoints, ensuring visibility and accuracy in monitoring endpoint security. Key offerings include the Tanium Endpoint Platform for endpoint control, Tanium Asset for inventory tracking, and Tanium Deploy for software installation and updates. Additional tools such as Tanium Patch and Tanium Performance assist in patch management and end-user experience management, respectively. Tanium also emphasizes cost reduction in management and infrastructure while enhancing operational efficiency. The company serves various industries, including banking and retail, and has established strategic partnerships with firms like PwC and Palo Alto Networks. Founded in 2007, Tanium is headquartered in Kirkland, Washington, and has expanded its presence with offices in multiple locations worldwide.

Pindrop

Series B in 2015
Pindrop Security, Inc. specializes in providing enterprise solutions to secure phone and voice communications, focusing on fraud prevention and customer verification. The company has developed patented technologies, including Phoneprinting, which analyzes phone calls to identify malicious behaviors and confirm legitimate callers. Additionally, Pindrop Express offers a risk-based authentication solution that validates customer phone numbers before calls reach contact centers. Its services are designed to combat various fraud tactics, such as caller ID spoofing and social engineering. Pindrop's solutions are utilized by numerous sectors, including finance, healthcare, insurance, retail, and travel, helping organizations detect fraudulent activities and authenticate callers efficiently. Established in 2011 and headquartered in Atlanta, Georgia, Pindrop is backed by prominent venture capital firms and plays a significant role in enhancing security and customer experience in voice interactions.

DB CyberTech

Series B in 2014
DB CyberTech specializes in predictive database data loss prevention products that leverage advanced technologies such as machine learning and behavioral analysis. The company’s solutions enable non-intrusive monitoring of database infrastructures, allowing organizations to identify insider threats and database attacks effectively. Its technology continuously discovers all databases, analyzes user interactions, and maps application behaviors to detect anomalies. DB CyberTech serves a diverse clientele, including major financial institutions, healthcare providers, manufacturers, and government entities. Founded in 2009 and headquartered in San Diego, California, the company was previously known as DB Networks, Inc. before rebranding in May 2018. Through its innovative approach, DB CyberTech enhances situational awareness of IT environments, making it easier for organizations to safeguard sensitive information and comply with security policies.

vArmour

Series C in 2014
vArmour is a leader in data defined perimeter security. Where the world of mobile, virtualization and cloud has moved beyond the traditional perimeter, threats are more sophisticated and CIO’s require greater visibility and control of their data. Based in Mountain View, California, vArmour is founded by security and technology experts from Juniper, Netscreen, RSA and Silvertail. Find out more at www.varmour.com

Pindrop

Series A in 2013
Pindrop Security, Inc. specializes in providing enterprise solutions to secure phone and voice communications, focusing on fraud prevention and customer verification. The company has developed patented technologies, including Phoneprinting, which analyzes phone calls to identify malicious behaviors and confirm legitimate callers. Additionally, Pindrop Express offers a risk-based authentication solution that validates customer phone numbers before calls reach contact centers. Its services are designed to combat various fraud tactics, such as caller ID spoofing and social engineering. Pindrop's solutions are utilized by numerous sectors, including finance, healthcare, insurance, retail, and travel, helping organizations detect fraudulent activities and authenticate callers efficiently. Established in 2011 and headquartered in Atlanta, Georgia, Pindrop is backed by prominent venture capital firms and plays a significant role in enhancing security and customer experience in voice interactions.

Click Security

Series B in 2013
Click Security, Inc. specializes in real-time security analytics solutions, focusing on cyber threat investigation software. The company provides a range of cybersecurity services that enable users to automate the prioritization, investigation, and hunting of threats through advanced visualization and analytics. Its solutions enhance visibility into suspicious behaviors, allowing organizations to analyze existing data for threat detection and correlate alerts to facilitate informed responses. Click Security also offers proactive incident response, security analytics, and threat assessment reporting, along with managed security services. Founded in 2009 and based in Austin, Texas, the company aims to disrupt the network security landscape by delivering high-performance, scalable solutions to enterprises, educational institutions, critical infrastructure, and government agencies. As of April 2016, Click Security operates as a subsidiary of Alert Logic, Inc.

Jumio

Series B in 2012
Jumio is a company specializing in identity verification solutions designed to combat fraud and financial crime in the digital economy. By leveraging informed AI, biometrics, machine learning, and certified liveness detection, Jumio enables businesses to efficiently verify customer identities without hindering the user experience. This technology helps organizations enhance customer conversion rates while preventing fraud. Jumio's services also support compliance with various regulatory requirements, including Know Your Customer (KYC), Anti-Money Laundering (AML), and General Data Protection Regulation (GDPR). With a track record of verifying over 225 million identities from more than 200 countries and territories, Jumio serves a diverse clientele across sectors such as financial services, digital currency, retail, travel, and online gaming.

Silver Tail Systems

Venture Round in 2011
Silver Tail Systems is the leading provider of predictive analytics to detect and prevent fraud and abuse on websites. Business logic abuse is a rising concern as its extremely difficult to detect and stop, but these hijack threats, velocity attacks and gaming schemes are costing companies millions, if not billions in online fraud. Silver Tail Forensics and Mitigation products use a new generation of detection, efficient investigation and real-time mitigation of events to track suspicious behavior and divert the bad actors, leaving legitimate users unaffected.