Evolution Equity Partners

Evolution Equity Partners is a New York-based venture capital firm founded in 2008, specializing in growth-stage investments in sectors such as cybersecurity, enterprise software, big data, machine learning, artificial intelligence, and software as a service. The firm leverages its deep sector expertise to support exceptional entrepreneurs in building market-leading companies. Evolution Equity Partners focuses on both primary and secondary shares, investing in high-growth businesses across various stages, primarily in North America, Europe, and Israel. The firm has a notable portfolio that includes well-known companies like AVG Technologies, OpenDNS, and Carbon Black, among others. By providing significant resources, Evolution Equity Partners aims to facilitate the international expansion of its portfolio companies.

Yuval Ben-itzhak

Partner

Sheldon Boboff

Associate

Ollie Bone

Vice President

Samantha Feuer

Vice President

Heather Fraser

CFO and COO

Sylwia Hadaj

Principal

Eduardo Martinez

Vice President

Michal Pechoucek Ph.D

Venture Partner

Stephan Riesen

CFO

Heather Rodriguez

Venture Partner

Richard Seewald

Founder and Managing Partner

Dennis Smith

Co-Founder and Managing Partner

Karthik Subramanian

Partner

Bernhard Vogeli Ph.D

COO and Partner

Austin Walter

Associate

J.R. Smith

Partner

Past deals in Penetration Testing

Ox Security

Seed Round in 2022
Ox Security is the first end-to-end security solution to prevent attacks across your software. supply chain.

Bright Security

Series A in 2022
Bright Security, founded in 2018 and headquartered in Tel Aviv, Israel, specializes in security software development for applications. The company offers innovative solutions such as NexDAST, a dynamic application security testing platform, and NexPLOIT, which integrates application security into the software development life cycle. These tools empower developers to detect, prioritize, and address security vulnerabilities early in the development process, enhancing the efficiency of DevSecOps without causing delays. Bright Security serves a diverse clientele, including sectors such as financial services, healthcare, and government. Additionally, the company has established offices in London, San Francisco, and Mostar, further extending its global reach.

Talon Cyber Security

Seed Round in 2022
Talon Cyber Security is a provider of cybersecurity solutions for the distributed workforce. A next-generation solution designed to protect against a new category of threats posed by distributed work, Talon enables workforce productivity and flexibility alongside rock-solid cybersecurity. Talon’s founders include proven entrepreneurs and former leaders of Unit 8200, Israel’s elite military technology and intelligence unit.

Pentera

Series C in 2022
Pentera, formerly known as Pcysys Ltd., is a cybersecurity firm based in Petah Tikva, Israel, founded in 2015. The company specializes in an automated penetration-testing platform that helps organizations identify and mitigate cybersecurity risks. By applying a hacker's perspective, Pentera's technology continuously conducts ethical exploits to assess vulnerabilities in corporate infrastructures. This platform enables security officers and service providers to perform ongoing machine-based penetration tests, allowing them to analyze and remediate weaknesses in their cyber defenses. As a result, organizations can enhance their resilience against potential cyberattacks and strengthen their overall security posture.

TrueFort

Series B in 2021
TrueFort Inc. specializes in real-time application and cloud workload protection solutions, addressing the security needs of modern enterprises. Founded in 2015 and based in Weehawken, New Jersey, the company focuses on securing application environments, which are increasingly targeted by cyber threats. TrueFort's Fortress solution integrates telemetry from existing agents, offering a comprehensive approach that surpasses traditional point or infrastructure-focused security measures. It provides users with a unified console for policy management and reporting, enabling organizations to measure and enhance their risk posture effectively.

Panaseer

Series B in 2021
Panaseer Limited develops a cloud-based cybersecurity intelligence platform that assists enterprise security teams in making informed risk decisions. Founded in 2014 and headquartered in London, with an office in New York, the company offers the Panaseer Security Data Lake, which provides real-time insights into an organization's assets, applications, users, and data sets. This platform identifies gaps in security controls and aligns them with industry standards while facilitating regulatory compliance. By ingesting data from various sources, both cloud-based and on-premises, Panaseer enables organizations to monitor and analyze their cybersecurity posture effectively. The platform automates reporting processes, tailoring insights for stakeholders at different levels, thereby enhancing decision-making across the organization. Security leaders utilize Panaseer’s capabilities to prioritize risks based on their potential impact on the business and optimize overall cyber hygiene practices.

Unbound Security

Series B in 2020
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.

CounterCraft

Seed Round in 2020
CounterCraft SL specializes in cyber deception and counterintelligence solutions aimed at detecting and mitigating targeted cyber attacks. Founded in 2015 and headquartered in San Sebastian, Spain, with offices in London and Madrid, the company provides a platform that allows organizations to design, deploy, and manage counter-intelligence campaigns. Utilizing advanced deception techniques, CounterCraft’s platform creates controlled synthetic environments, enabling threat actors to engage with false information rather than real systems. This approach generates valuable threat intelligence and enhances incident response workflows by continuously adapting defensive measures in real time. The company's client base includes Fortune Global 2000 companies across various sectors, including finance, retail, energy, and government entities, all of whom benefit from its innovative solutions that aim to thwart espionage and intelligence operations while reducing cybersecurity costs.

ZecOps

Seed Round in 2019
ZecOps is a cybersecurity automation company that finds attackers' mistakes to discover the course of action and objectives of the entire campaign, burn the threat actors exploits and persistence mechanisms, and increase the attacker's campaign costs. The company develops solutions for servers, endpoints, mobile devices, and custom devices.

TrueFort

Series A in 2019
TrueFort Inc. specializes in real-time application and cloud workload protection solutions, addressing the security needs of modern enterprises. Founded in 2015 and based in Weehawken, New Jersey, the company focuses on securing application environments, which are increasingly targeted by cyber threats. TrueFort's Fortress solution integrates telemetry from existing agents, offering a comprehensive approach that surpasses traditional point or infrastructure-focused security measures. It provides users with a unified console for policy management and reporting, enabling organizations to measure and enhance their risk posture effectively.

SCYTHE

Seed Round in 2018
Scythe Inc. is a cybersecurity company based in Arlington, Virginia, founded in 2017. The company specializes in designing and developing a platform that enables organizations to create and simulate various adversarial campaigns. This capability allows businesses to rigorously test their security controls with a high level of detail, helping them identify vulnerabilities and improve their overall security posture. By providing a comprehensive environment for security testing, Scythe aims to enhance organizational resilience against potential cyber threats.

ZecOps

Pre Seed Round in 2018
ZecOps is a cybersecurity automation company that finds attackers' mistakes to discover the course of action and objectives of the entire campaign, burn the threat actors exploits and persistence mechanisms, and increase the attacker's campaign costs. The company develops solutions for servers, endpoints, mobile devices, and custom devices.

Panaseer

Series A in 2018
Panaseer Limited develops a cloud-based cybersecurity intelligence platform that assists enterprise security teams in making informed risk decisions. Founded in 2014 and headquartered in London, with an office in New York, the company offers the Panaseer Security Data Lake, which provides real-time insights into an organization's assets, applications, users, and data sets. This platform identifies gaps in security controls and aligns them with industry standards while facilitating regulatory compliance. By ingesting data from various sources, both cloud-based and on-premises, Panaseer enables organizations to monitor and analyze their cybersecurity posture effectively. The platform automates reporting processes, tailoring insights for stakeholders at different levels, thereby enhancing decision-making across the organization. Security leaders utilize Panaseer’s capabilities to prioritize risks based on their potential impact on the business and optimize overall cyber hygiene practices.

Onapsis

Series C in 2018
Onapsis provides cybersecurity and compliance solutions for cloud and on-premise ERP and business-critical applications. Its solutions include the Onapsis Security Platform, a widely-used SAP-certified cyber-security solution in the market. Unlike generic security products, Onapsis’ context-aware solutions deliver both preventative vulnerability and compliance controls, as well as real-time detection and incident response capabilities to reduce risks affecting critical business processes and data. The company was founded in 2019 and is headquartered in Boston, Massachusetts. Onapsis has offices in Heidelberg, Germany, and Buenos Aires, Argentina.

CounterCraft

Seed Round in 2018
CounterCraft SL specializes in cyber deception and counterintelligence solutions aimed at detecting and mitigating targeted cyber attacks. Founded in 2015 and headquartered in San Sebastian, Spain, with offices in London and Madrid, the company provides a platform that allows organizations to design, deploy, and manage counter-intelligence campaigns. Utilizing advanced deception techniques, CounterCraft’s platform creates controlled synthetic environments, enabling threat actors to engage with false information rather than real systems. This approach generates valuable threat intelligence and enhances incident response workflows by continuously adapting defensive measures in real time. The company's client base includes Fortune Global 2000 companies across various sectors, including finance, retail, energy, and government entities, all of whom benefit from its innovative solutions that aim to thwart espionage and intelligence operations while reducing cybersecurity costs.

Morphisec

Series B in 2018
Morphisec delivers an entirely new level of innovation with its Moving Target Defense-powered proactive endpoint protection platform to create a zero-trust execution environment for your applications. This proactively creates a prevent-first posture against the most advanced threats to the enterprise, including APTs, file-based malware, zero-days, ransomware, fileless attacks, and web-borne exploits. This complete endpoint security solution easily deploys into a company’s existing security infrastructure to form a simple, highly effective, cost-efficient technology stack that is truly disruptive to today’s existing cybersecurity model.

Panaseer

Seed Round in 2017
Panaseer Limited develops a cloud-based cybersecurity intelligence platform that assists enterprise security teams in making informed risk decisions. Founded in 2014 and headquartered in London, with an office in New York, the company offers the Panaseer Security Data Lake, which provides real-time insights into an organization's assets, applications, users, and data sets. This platform identifies gaps in security controls and aligns them with industry standards while facilitating regulatory compliance. By ingesting data from various sources, both cloud-based and on-premises, Panaseer enables organizations to monitor and analyze their cybersecurity posture effectively. The platform automates reporting processes, tailoring insights for stakeholders at different levels, thereby enhancing decision-making across the organization. Security leaders utilize Panaseer’s capabilities to prioritize risks based on their potential impact on the business and optimize overall cyber hygiene practices.

Carbon Black

Series F in 2015
Carbon Black, Inc. is a prominent provider of cybersecurity solutions focused on endpoint and server security, operating in the United States and internationally. The company offers a comprehensive range of products designed to predict, prevent, detect, respond to, and remediate cyber threats, thereby averting potential data breaches and damaging incidents. Its key offerings include the CB Predictive Security Cloud, which leverages big data analytics for endpoint data collection and threat detection, as well as products like CB Defense, a next-generation antivirus and endpoint detection solution, and CB ThreatHunter, which provides visibility for security operations. Additionally, Carbon Black offers real-time solutions such as CB LiveOps and a managed service called CB ThreatSight. The company serves a diverse client base, including security-focused enterprises, government agencies, and small to mid-sized organizations. Founded in 2002 and headquartered in Waltham, Massachusetts, Carbon Black was previously known as Bit9, Inc. and became a subsidiary of VMware, Inc. in 2019.

Onapsis

Series B in 2015
Onapsis provides cybersecurity and compliance solutions for cloud and on-premise ERP and business-critical applications. Its solutions include the Onapsis Security Platform, a widely-used SAP-certified cyber-security solution in the market. Unlike generic security products, Onapsis’ context-aware solutions deliver both preventative vulnerability and compliance controls, as well as real-time detection and incident response capabilities to reduce risks affecting critical business processes and data. The company was founded in 2019 and is headquartered in Boston, Massachusetts. Onapsis has offices in Heidelberg, Germany, and Buenos Aires, Argentina.

Cognitive Security

Series A in 2011
Cognitive Security develops advanced products focused on Network Behavior Analysis (NBA) to combat sophisticated cyber threats, including Advanced Persistent Threats, exploit kits, and various forms of malware. Leveraging research funded by the US Army, the company integrates Artificial Intelligence techniques such as statistical analysis and game-theoretic self-optimization into its security architecture. Their solutions can be deployed as appliances, virtual appliances, or as OEM software modules, ensuring compatibility and ease of integration with existing networks through NetFlow/IPFIX inputs. Cognitive Security primarily serves enterprises and small to medium-sized businesses, providing them with innovative network security solutions.
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