Paladin Capital Group

Paladin Capital Group, established in 2001, is a global investment firm headquartered in Washington, D.C., with offices in New York, Silicon Valley, London, and Luxembourg. The firm specializes in venture capital and growth equity investments, focusing on innovative companies operating in the technology, products, and services sectors. Paladin is known for its expertise in dual-use technologies, serving both commercial and governmental markets. The firm's investment strategy emphasizes active involvement, leveraging its team's financial acumen, national security, and technical expertise to support portfolio companies across various stages and sectors. Paladin's recent funds, such as Paladin Cyber Fund and Paladin Cyber Fund II, focus on digital infrastructure resilience and cybersecurity, investing globally in advanced technologies that enable, monitor, manage, and defend critical infrastructure dependent on cyberspace.

Thomas Clute

Senior Vice President

Philip Eliot

Venture Partner

Ken Minihan

Managing Director

Michael Moniz

Managing Director

Peter O'Keefe

Venture Partner

Kenneth Pentimonti

Principal and European Manager

Francois Ruether

Vice President

Tyler Steed

Senior Associate

Michael R. Steed

Co-Founder and Managing Partner

Christopher Steed

Chief Investment Officer

Katherine Thomas

Senior Associate, Investments

Mourad Yesayan

Managing Director

Past deals in Network Security

RADICL Defense

Seed Round in 2023
RADICL Defense focuses on providing military-grade cybersecurity solutions tailored for small and medium-sized businesses. The company specializes in safeguarding clients against advanced cyber threats and ransomware, particularly those associated with national security interests. By delivering robust protection against nation-state level cyberattacks, RADICL Defense aims to enhance the security posture of organizations that are critical to national defense and security sectors.

Hack The Box

Series B in 2023
Hack The Box Ltd. is an online platform founded in 2017, based in Folkestone, United Kingdom, that focuses on enhancing skills in penetration testing and cybersecurity for individuals, organizations, and educational institutions. The platform offers a variety of guided and exploratory learning experiences, allowing users to improve both offensive and defensive security skills. Through challenges that simulate real-world scenarios and capture-the-flag style tasks, Hack The Box enables users to learn new techniques and refine their hacking abilities, thereby preparing them for various cybersecurity challenges. This makes it a valuable resource for professionals seeking to advance their expertise in the rapidly evolving field of cybersecurity.

Expel

Series E in 2022
Expel, Inc. is a managed security operations provider based in Herndon, Virginia, specializing in managed detection and response (MDR) services. Founded in 2016, the company offers a comprehensive security operations center (SOC)-as-a-service that monitors and responds to threats across cloud, hybrid, and on-premises environments. Expel's platform combines advanced technology with human expertise to quickly detect, analyze, and remediate security issues, including phishing, ransomware, and supply chain attacks. The Expel Workbench™ platform enhances collaboration by allowing customers to engage with live investigations and receive continuous updates, ensuring transparency throughout the security process. By filtering out false positives, Expel enables security teams to focus on strategic priorities rather than being overwhelmed by alerts, ultimately improving their overall security posture.

GreyNoise Intelligence

Series A in 2022
GreyNoise Intelligence Inc. is a cybersecurity company established in 2017 and headquartered in Washington, D.C. It specializes in developing a platform that collects, analyzes, and labels data on Internet-wide scanning and attack activities, often referred to as "internet noise." By filtering out irrelevant or harmless activity, GreyNoise enables security analysts to focus on more targeted and emerging threats. The platform is designed to help organizations streamline their threat analysis processes, reducing the burden of false alarms generated by common scanning behaviors. Additionally, GreyNoise offers GreyNoise Alerts, a complimentary service that notifies organizations of suspicious activity detected on their networks. The company's expertise is trusted by Global 2000 enterprises, government agencies, leading security vendors, and numerous threat researchers.

Nisos

Series B in 2022
Nisos LLC, established in 2015 and based in Alexandria, Virginia, specializes in IT consulting services focused on defense systems and software. The company offers a range of services, including cyber due diligence, threat mitigation, security operations center (SOC) development, breach remediation, and defense software development. Nisos also provides active defense technology-enabled services and products through its cybersecurity and investigation platform, addressing platform abuse, supply chain integrity, and nation-state level hacking. This platform aids clients in protecting their reputation and assets, responding to incidents, conducting valuations and diligence, and detecting and mitigating threats, enabling them to make informed decisions and defend their position in an increasingly adversarial market.

Expel

Series E in 2021
Expel, Inc. is a managed security operations provider based in Herndon, Virginia, specializing in managed detection and response (MDR) services. Founded in 2016, the company offers a comprehensive security operations center (SOC)-as-a-service that monitors and responds to threats across cloud, hybrid, and on-premises environments. Expel's platform combines advanced technology with human expertise to quickly detect, analyze, and remediate security issues, including phishing, ransomware, and supply chain attacks. The Expel Workbench™ platform enhances collaboration by allowing customers to engage with live investigations and receive continuous updates, ensuring transparency throughout the security process. By filtering out false positives, Expel enables security teams to focus on strategic priorities rather than being overwhelmed by alerts, ultimately improving their overall security posture.

Hack The Box

Series A in 2021
Hack The Box Ltd. is an online platform founded in 2017, based in Folkestone, United Kingdom, that focuses on enhancing skills in penetration testing and cybersecurity for individuals, organizations, and educational institutions. The platform offers a variety of guided and exploratory learning experiences, allowing users to improve both offensive and defensive security skills. Through challenges that simulate real-world scenarios and capture-the-flag style tasks, Hack The Box enables users to learn new techniques and refine their hacking abilities, thereby preparing them for various cybersecurity challenges. This makes it a valuable resource for professionals seeking to advance their expertise in the rapidly evolving field of cybersecurity.

Vectrix

Seed Round in 2020
Vectrix helps IT and security teams detect security issues across their SaaS applications. It looks at both data and users in SaaS apps to alert teams to issues ranging from unauthorized user access and file exposure to misconfigurations and shadow IT.

Nisos

Venture Round in 2020
Nisos LLC, established in 2015 and based in Alexandria, Virginia, specializes in IT consulting services focused on defense systems and software. The company offers a range of services, including cyber due diligence, threat mitigation, security operations center (SOC) development, breach remediation, and defense software development. Nisos also provides active defense technology-enabled services and products through its cybersecurity and investigation platform, addressing platform abuse, supply chain integrity, and nation-state level hacking. This platform aids clients in protecting their reputation and assets, responding to incidents, conducting valuations and diligence, and detecting and mitigating threats, enabling them to make informed decisions and defend their position in an increasingly adversarial market.

GreyNoise Intelligence

Seed Round in 2020
GreyNoise Intelligence Inc. is a cybersecurity company established in 2017 and headquartered in Washington, D.C. It specializes in developing a platform that collects, analyzes, and labels data on Internet-wide scanning and attack activities, often referred to as "internet noise." By filtering out irrelevant or harmless activity, GreyNoise enables security analysts to focus on more targeted and emerging threats. The platform is designed to help organizations streamline their threat analysis processes, reducing the burden of false alarms generated by common scanning behaviors. Additionally, GreyNoise offers GreyNoise Alerts, a complimentary service that notifies organizations of suspicious activity detected on their networks. The company's expertise is trusted by Global 2000 enterprises, government agencies, leading security vendors, and numerous threat researchers.

Expel

Series D in 2020
Expel, Inc. is a managed security operations provider based in Herndon, Virginia, specializing in managed detection and response (MDR) services. Founded in 2016, the company offers a comprehensive security operations center (SOC)-as-a-service that monitors and responds to threats across cloud, hybrid, and on-premises environments. Expel's platform combines advanced technology with human expertise to quickly detect, analyze, and remediate security issues, including phishing, ransomware, and supply chain attacks. The Expel Workbench™ platform enhances collaboration by allowing customers to engage with live investigations and receive continuous updates, ensuring transparency throughout the security process. By filtering out false positives, Expel enables security teams to focus on strategic priorities rather than being overwhelmed by alerts, ultimately improving their overall security posture.

Expel

Series C in 2019
Expel, Inc. is a managed security operations provider based in Herndon, Virginia, specializing in managed detection and response (MDR) services. Founded in 2016, the company offers a comprehensive security operations center (SOC)-as-a-service that monitors and responds to threats across cloud, hybrid, and on-premises environments. Expel's platform combines advanced technology with human expertise to quickly detect, analyze, and remediate security issues, including phishing, ransomware, and supply chain attacks. The Expel Workbench™ platform enhances collaboration by allowing customers to engage with live investigations and receive continuous updates, ensuring transparency throughout the security process. By filtering out false positives, Expel enables security teams to focus on strategic priorities rather than being overwhelmed by alerts, ultimately improving their overall security posture.

GreyNoise Intelligence

Pre Seed Round in 2019
GreyNoise Intelligence Inc. is a cybersecurity company established in 2017 and headquartered in Washington, D.C. It specializes in developing a platform that collects, analyzes, and labels data on Internet-wide scanning and attack activities, often referred to as "internet noise." By filtering out irrelevant or harmless activity, GreyNoise enables security analysts to focus on more targeted and emerging threats. The platform is designed to help organizations streamline their threat analysis processes, reducing the burden of false alarms generated by common scanning behaviors. Additionally, GreyNoise offers GreyNoise Alerts, a complimentary service that notifies organizations of suspicious activity detected on their networks. The company's expertise is trusted by Global 2000 enterprises, government agencies, leading security vendors, and numerous threat researchers.

Expel

Series B in 2018
Expel, Inc. is a managed security operations provider based in Herndon, Virginia, specializing in managed detection and response (MDR) services. Founded in 2016, the company offers a comprehensive security operations center (SOC)-as-a-service that monitors and responds to threats across cloud, hybrid, and on-premises environments. Expel's platform combines advanced technology with human expertise to quickly detect, analyze, and remediate security issues, including phishing, ransomware, and supply chain attacks. The Expel Workbench™ platform enhances collaboration by allowing customers to engage with live investigations and receive continuous updates, ensuring transparency throughout the security process. By filtering out false positives, Expel enables security teams to focus on strategic priorities rather than being overwhelmed by alerts, ultimately improving their overall security posture.

Anomali

Series D in 2018
Anomali, Inc. is a cybersecurity firm that specializes in threat intelligence solutions. The company has developed a platform that enhances the detection and identification of cyber adversaries within an organization's network by correlating threat indicators with real-time network activity and extensive forensic log data. Anomali offers various services including Anomali Reports for data breach detection tailored for small to medium-sized businesses, and Anomali Enterprise Breach Analytics, which provides personalized, up-to-date threat intelligence. Their ThreatStream platform delivers machine-readable threat information that integrates with existing security solutions, while the ThreatStream Integrator connects to various threat intelligence servers. Anomali also facilitates the sharing of threat intelligence among organizations, promoting collaboration within trusted communities. The company serves a diverse clientele across sectors such as healthcare, energy, government, and technology. Founded in 2013 and headquartered in Redwood City, California, Anomali was previously known as Threatstream, Inc. before rebranding in 2016.

Expel

Series A in 2016
Expel, Inc. is a managed security operations provider based in Herndon, Virginia, specializing in managed detection and response (MDR) services. Founded in 2016, the company offers a comprehensive security operations center (SOC)-as-a-service that monitors and responds to threats across cloud, hybrid, and on-premises environments. Expel's platform combines advanced technology with human expertise to quickly detect, analyze, and remediate security issues, including phishing, ransomware, and supply chain attacks. The Expel Workbench™ platform enhances collaboration by allowing customers to engage with live investigations and receive continuous updates, ensuring transparency throughout the security process. By filtering out false positives, Expel enables security teams to focus on strategic priorities rather than being overwhelmed by alerts, ultimately improving their overall security posture.

Anomali

Series C in 2016
Anomali, Inc. is a cybersecurity firm that specializes in threat intelligence solutions. The company has developed a platform that enhances the detection and identification of cyber adversaries within an organization's network by correlating threat indicators with real-time network activity and extensive forensic log data. Anomali offers various services including Anomali Reports for data breach detection tailored for small to medium-sized businesses, and Anomali Enterprise Breach Analytics, which provides personalized, up-to-date threat intelligence. Their ThreatStream platform delivers machine-readable threat information that integrates with existing security solutions, while the ThreatStream Integrator connects to various threat intelligence servers. Anomali also facilitates the sharing of threat intelligence among organizations, promoting collaboration within trusted communities. The company serves a diverse clientele across sectors such as healthcare, energy, government, and technology. Founded in 2013 and headquartered in Redwood City, California, Anomali was previously known as Threatstream, Inc. before rebranding in 2016.

Drawbridge Networks

Seed Round in 2014
Drawbridge Networks, Inc., founded in 2014 and based in New York, specializes in innovative cybersecurity solutions aimed at countering sophisticated cyber attacks. Recognizing that modern threats often bypass traditional enterprise network perimeters, the company has developed PathProtect, a tool that provides enhanced visibility and control over network activity. PathProtect enables security teams to segment sensitive systems and quickly quarantine compromised hosts, thereby mitigating the risks associated with lateral movement within an organization’s network. As a subsidiary of OPAQ Networks, Inc. since 2017, Drawbridge Networks is focused on empowering organizations to effectively manage and protect their network environments against evolving cyber threats.

Anomali

Series B in 2014
Anomali, Inc. is a cybersecurity firm that specializes in threat intelligence solutions. The company has developed a platform that enhances the detection and identification of cyber adversaries within an organization's network by correlating threat indicators with real-time network activity and extensive forensic log data. Anomali offers various services including Anomali Reports for data breach detection tailored for small to medium-sized businesses, and Anomali Enterprise Breach Analytics, which provides personalized, up-to-date threat intelligence. Their ThreatStream platform delivers machine-readable threat information that integrates with existing security solutions, while the ThreatStream Integrator connects to various threat intelligence servers. Anomali also facilitates the sharing of threat intelligence among organizations, promoting collaboration within trusted communities. The company serves a diverse clientele across sectors such as healthcare, energy, government, and technology. Founded in 2013 and headquartered in Redwood City, California, Anomali was previously known as Threatstream, Inc. before rebranding in 2016.

Anomali

Series A in 2014
Anomali, Inc. is a cybersecurity firm that specializes in threat intelligence solutions. The company has developed a platform that enhances the detection and identification of cyber adversaries within an organization's network by correlating threat indicators with real-time network activity and extensive forensic log data. Anomali offers various services including Anomali Reports for data breach detection tailored for small to medium-sized businesses, and Anomali Enterprise Breach Analytics, which provides personalized, up-to-date threat intelligence. Their ThreatStream platform delivers machine-readable threat information that integrates with existing security solutions, while the ThreatStream Integrator connects to various threat intelligence servers. Anomali also facilitates the sharing of threat intelligence among organizations, promoting collaboration within trusted communities. The company serves a diverse clientele across sectors such as healthcare, energy, government, and technology. Founded in 2013 and headquartered in Redwood City, California, Anomali was previously known as Threatstream, Inc. before rebranding in 2016.

CloudShield Technologies

Series D in 2007
CloudShield Technologies, Inc. specializes in deep packet processing (DPP) solutions that enable organizations to manage and secure network traffic effectively. Their offerings include a range of advanced platforms, such as the CloudShield CS-4000, which enhances network security by addressing vulnerabilities in standard servers, and the CloudShield PN41 module, designed for IBM BladeCenter, which provides protection against advanced malware and facilitates flexible traffic management. The CloudShield CS-2000 serves as a content processing platform that supports various simultaneous network security applications. Additionally, the company provides a trusted cyber solution orchestrator for integrating multiple security solutions, a DNS defender to mitigate specific DNS attacks, and Salient Assure6 for monitoring IPv6 traffic. Beyond its hardware and software solutions, CloudShield also offers cyber security training and application development services. Founded in 2000 and based in Sunnyvale, California, CloudShield operates as a subsidiary of Lookingglass Cyber Solutions, LLC. Their technology supports clients across North America, Europe, and Asia, including significant federal government customers.

Application Security

Series C in 2006
Application Security, Inc. specializes in providing database security, risk, and compliance solutions for enterprises across various sectors, including government, banking, healthcare, and manufacturing. The company offers two primary products: DBProtect, a comprehensive managed solution for database security that includes scanning, vulnerability assessment, and activity monitoring, and AppDetectivePro, a network-based tool that identifies database applications and assesses their security posture. These products help organizations uncover critical configuration errors, access control issues, and vulnerabilities that could lead to data breaches or service disruptions. By extending existing data protection measures to databases, Application Security, Inc. enables organizations to enhance their security and compliance efforts. The company has established strategic partnerships with leading technology firms to bolster its offerings. Founded in 2001 and headquartered in New York, the firm also maintains offices in North America and the United Kingdom.

CounterStorm

Series B in 2005
CounterStorm, Inc. specializes in providing modular threat detection and mitigation software development kits (SDKs) tailored for security and infrastructure companies, as well as advanced government and commercial users. Founded in 2001 and headquartered in New York, the company was previously known as System Detection, Inc. In 2008, CounterStorm became a subsidiary of Trusted Computer Solutions, Inc. Its offerings enable organizations to enhance their cybersecurity measures through flexible and adaptable software solutions.

CloudShield Technologies

Series C in 2005
CloudShield Technologies, Inc. specializes in deep packet processing (DPP) solutions that enable organizations to manage and secure network traffic effectively. Their offerings include a range of advanced platforms, such as the CloudShield CS-4000, which enhances network security by addressing vulnerabilities in standard servers, and the CloudShield PN41 module, designed for IBM BladeCenter, which provides protection against advanced malware and facilitates flexible traffic management. The CloudShield CS-2000 serves as a content processing platform that supports various simultaneous network security applications. Additionally, the company provides a trusted cyber solution orchestrator for integrating multiple security solutions, a DNS defender to mitigate specific DNS attacks, and Salient Assure6 for monitoring IPv6 traffic. Beyond its hardware and software solutions, CloudShield also offers cyber security training and application development services. Founded in 2000 and based in Sunnyvale, California, CloudShield operates as a subsidiary of Lookingglass Cyber Solutions, LLC. Their technology supports clients across North America, Europe, and Asia, including significant federal government customers.

Digital Evolution

Series C in 2004
Digital Evolution is a provider of Web Services Management and Security solutions. The company's products and services provide organizations with the ability to take advantage of XML and Web Services in distributed computing environments while ensuring the performance, efficiency and security of an enterprise Web services infrastructure. The company is headquartered in Santa Monica, California, with sales offices in Boston, New York City, and San Francisco.

CloudShield Technologies

Series C in 2004
CloudShield Technologies, Inc. specializes in deep packet processing (DPP) solutions that enable organizations to manage and secure network traffic effectively. Their offerings include a range of advanced platforms, such as the CloudShield CS-4000, which enhances network security by addressing vulnerabilities in standard servers, and the CloudShield PN41 module, designed for IBM BladeCenter, which provides protection against advanced malware and facilitates flexible traffic management. The CloudShield CS-2000 serves as a content processing platform that supports various simultaneous network security applications. Additionally, the company provides a trusted cyber solution orchestrator for integrating multiple security solutions, a DNS defender to mitigate specific DNS attacks, and Salient Assure6 for monitoring IPv6 traffic. Beyond its hardware and software solutions, CloudShield also offers cyber security training and application development services. Founded in 2000 and based in Sunnyvale, California, CloudShield operates as a subsidiary of Lookingglass Cyber Solutions, LLC. Their technology supports clients across North America, Europe, and Asia, including significant federal government customers.
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