Paladin Capital Group

Paladin Capital Group, established in 2001 and based in Washington, DC, is a private equity and venture capital firm that invests in innovative technology, product, and service opportunities. The firm specializes in dual-use technologies that cater to both commercial and governmental markets, leveraging its financial expertise alongside national security and technical knowledge to enhance the growth of its portfolio companies. Paladin is committed to being an active investor, providing guidance, resources, and connections to foster company development. Its recent focus includes investing in digital infrastructure resilience and advanced technologies that protect critical infrastructure in cyberspace. With additional offices in New York City, Silicon Valley, London, and Luxembourg, Paladin aims to support and scale innovative solutions on a global scale.

Roxana Irina Big

Associate

Brenda Chia

Managing Director

Tom Clute

Senior Vice President

Philip Eliot

Investor

Kenneth Minihan

Managing Director

Peter O'Keefe

Venture Partner

Kenneth Pentimonti

Managing Director

Francois Ruether

Vice President

Tyler Steed

Associate

Michael R. Steed

Founder and Managing Partner

Christopher Steed

Managing Director and Chief Investment Officer

Katherine Thomas

Senior Associate

John Vernon

Associate

Mourad Yesayan

Managing Director

Past deals in Penetration Testing

Nisos

Series B in 2022
Nisos LLC, founded in 2015 and based in Alexandria, Virginia, offers a range of IT consulting services focused on cybersecurity and threat mitigation. The company specializes in areas such as cyber due diligence, incident response, adversarial attribution, and insider threat detection. Nisos provides services aimed at protecting clients' reputations and assets through strategies like attack simulation, compromise assessment, and executive protection. Additionally, it addresses challenges related to platform abuse and supply chain integrity, enabling clients to make informed decisions and strengthen their defenses against increasing adversarial threats.

Corellium

Series A in 2021
Corellium specializes in ARM-based mobile device virtualization, providing a unique platform that supports both on-site and cloud environments. The company develops security research software aimed at enhancing mobile security research, mobile app testing, and IoT device modeling. Its offerings feature native performance combined with the convenience of cloud access, equipping developers with advanced tools to foster scalability, efficiency, and innovation in the creation of ARM-based devices. By focusing on these capabilities, Corellium plays a crucial role in the evolving landscape of mobile technology and security.

Karamba Security

Series B in 2021
Karamba Security Ltd. develops security software specifically designed for connected vehicles, focusing on safeguarding the internal systems that control car operations. The company's primary offering, Electronic Control Units Endpoint Security, provides solutions for dropper detection and malware prevention, thereby protecting connected cars from cyber threats. This technology fortifies the externally connected controllers within automobiles, which manage telematics, infotainment, and on-board diagnostics, ensuring that only valid code and behaviors are permitted to run. By maintaining the integrity of the vehicle's Controller Area Network (CAN Bus), Karamba's solutions help prevent unauthorized access and attacks. Founded in 2015 and headquartered in Bloomfield Hills, Michigan, the company serves automotive manufacturers and Tier-1 system providers. In addition to automotive applications, Karamba's patented software is applicable to various connected devices and systems, including Industry 4.0 controllers and IoT endpoints, functioning automatically with minimal performance impact.

Expel

Series E in 2021
Expel, Inc. is a managed security software company that specializes in providing SOC-as-a-service, which includes security monitoring and response for cloud, hybrid, and on-premises environments. Founded in 2016 and based in Herndon, Virginia, Expel leverages existing security signals from its customers to enhance the value of their current security investments. By connecting to customer technology remotely via APIs rather than agents, Expel can initiate monitoring within hours, allowing internal teams to concentrate on their unique security priorities. The company aims to streamline and improve the security operations of organizations, enabling them to respond effectively to emerging threats.

Virtuoso

Series A in 2021
SpotQA Ltd is a company that specializes in quality assurance and testing software, with its flagship product being Virtuoso, an application testing and intelligence platform designed for web and mobile browser applications. Founded in 2016 and headquartered in London, SpotQA utilizes advanced technologies such as robotic process automation, natural language processing, and machine learning to enhance its offerings. Virtuoso provides robust QA automation solutions and services, enabling users to improve software quality and accelerate delivery while minimizing defects. The company also offers QA consulting and end-to-end execution services, supported by a team of experts. In addition to its London headquarters, SpotQA has offices in Hyderabad, Pune, and Lisbon, further expanding its reach and capabilities in the digital QA sector.

SCYTHE

Series A in 2021
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.

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.

Hack The Box

Series A in 2021
Hack The Box Ltd. is an online platform established in 2017, located in Folkestone, United Kingdom, that focuses on enhancing skills in penetration testing and cybersecurity. The platform provides a variety of challenges that simulate real-world scenarios, allowing users to engage in capture the flag style exercises. This interactive approach enables individuals, universities, and businesses to learn new techniques and improve their hacking abilities, addressing the growing need for cybersecurity expertise in various sectors.

Nisos

Venture Round in 2020
Nisos LLC, founded in 2015 and based in Alexandria, Virginia, offers a range of IT consulting services focused on cybersecurity and threat mitigation. The company specializes in areas such as cyber due diligence, incident response, adversarial attribution, and insider threat detection. Nisos provides services aimed at protecting clients' reputations and assets through strategies like attack simulation, compromise assessment, and executive protection. Additionally, it addresses challenges related to platform abuse and supply chain integrity, enabling clients to make informed decisions and strengthen their defenses against increasing adversarial threats.

IriusRisk

Series A in 2020
IriusRisk, developed by Continuum Security, SL, is a comprehensive tool designed to manage and assess software security risks throughout the software development lifecycle. Founded in 2008 and based in Huesca, Spain, the company focuses on providing solutions that integrate seamlessly into existing development workflows, ensuring that security processes support rather than hinder development speed. IriusRisk caters primarily to enterprises in the financial and technology sectors, enabling them to proactively address security challenges while promoting a culture of secure software development. In addition to IriusRisk, the company also offers BDD-Security, a security testing framework that further enhances its suite of security management tools.

RangeForce

Series A in 2020
RangeForce delivers the most effective way to level-up and accurately assess the skills of your cybersecurity team through a scalable, interactive, on-demand cyber-skill training platform and integrated cyber range.

Expel

Series D in 2020
Expel, Inc. is a managed security software company that specializes in providing SOC-as-a-service, which includes security monitoring and response for cloud, hybrid, and on-premises environments. Founded in 2016 and based in Herndon, Virginia, Expel leverages existing security signals from its customers to enhance the value of their current security investments. By connecting to customer technology remotely via APIs rather than agents, Expel can initiate monitoring within hours, allowing internal teams to concentrate on their unique security priorities. The company aims to streamline and improve the security operations of organizations, enabling them to respond effectively to emerging threats.

Secure Code Warrior

Series B in 2019
Secure Code Warrior develops an online secure by making security visible and providing skills/tools to write secure code from start. It helps companies scale secure coding excellence as coders and development team build. The company empowers Developers to write secure code, achieving rapid improvements in security compliance and consistency, as well as a better quality and speed of code writing. Secure Code Warrior has developed the first gamified competitive Developer Quality Assurance platform that helps individual software developers build their own secure coding skills while providing organizations and executives with the visibility and metrics to understand the secure code skill strengths and weaknesses of their development teams and individual developers. It includes support for nearly 30 programming languages and frameworks and delivers more than 3,500 training modules that cover more than 140 different software weaknesses; including the all-important OWASP Top 10. Secure Code Warrior was founded in 2015 and is headquartered in Sydney, New South Wales, Australia.

Expel

Series C in 2019
Expel, Inc. is a managed security software company that specializes in providing SOC-as-a-service, which includes security monitoring and response for cloud, hybrid, and on-premises environments. Founded in 2016 and based in Herndon, Virginia, Expel leverages existing security signals from its customers to enhance the value of their current security investments. By connecting to customer technology remotely via APIs rather than agents, Expel can initiate monitoring within hours, allowing internal teams to concentrate on their unique security priorities. The company aims to streamline and improve the security operations of organizations, enabling them to respond effectively to emerging threats.

RangeForce

Seed Round in 2019
RangeForce delivers the most effective way to level-up and accurately assess the skills of your cybersecurity team through a scalable, interactive, on-demand cyber-skill training platform and integrated cyber range.

RiskLens

Series B in 2019
The leading provider of cyber risk management software, RiskLens empowers business executives, risk officers and CISOs to manage their organization's cyber risk from the business perspective by quantifying it in financial terms. RiskLens was founded in 2011 and is headquartered in Spokane, Washington.

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.

Secure Code Warrior

Series A in 2018
Secure Code Warrior develops an online secure by making security visible and providing skills/tools to write secure code from start. It helps companies scale secure coding excellence as coders and development team build. The company empowers Developers to write secure code, achieving rapid improvements in security compliance and consistency, as well as a better quality and speed of code writing. Secure Code Warrior has developed the first gamified competitive Developer Quality Assurance platform that helps individual software developers build their own secure coding skills while providing organizations and executives with the visibility and metrics to understand the secure code skill strengths and weaknesses of their development teams and individual developers. It includes support for nearly 30 programming languages and frameworks and delivers more than 3,500 training modules that cover more than 140 different software weaknesses; including the all-important OWASP Top 10. Secure Code Warrior was founded in 2015 and is headquartered in Sydney, New South Wales, Australia.

RiskSense

Series B in 2018
RiskSense, Inc. specializes in cyber risk management solutions, offering a cloud-based platform designed to assess and manage cybersecurity risks. The RiskSense Platform allows organizations to evaluate their cyber risk exposure, orchestrate remediation efforts, and monitor outcomes through a self-managed Software as a Service (SaaS) model. Key offerings include vulnerability assessments via RiskSense Vulnerability Discovery, which identifies misconfigurations and security weaknesses, and RiskSense Attack Surface Validation, which assesses vulnerabilities exploited by cyber adversaries. The platform employs risk-based scoring, analytics, and technology-accelerated penetration testing to provide actionable remediation plans and improve the efficiency of security and IT teams. Additionally, it delivers a comprehensive view of cybersecurity risk across organizational levels through the RiskSense Security Score (RS3), integrating internal and external vulnerability data, threat intelligence, and asset criticality to prioritize risk mitigation efforts. Founded in 2006 and headquartered in Sunnyvale, California, RiskSense also operates in Albuquerque, New Mexico, and India.

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.

Expel

Series B in 2018
Expel, Inc. is a managed security software company that specializes in providing SOC-as-a-service, which includes security monitoring and response for cloud, hybrid, and on-premises environments. Founded in 2016 and based in Herndon, Virginia, Expel leverages existing security signals from its customers to enhance the value of their current security investments. By connecting to customer technology remotely via APIs rather than agents, Expel can initiate monitoring within hours, allowing internal teams to concentrate on their unique security priorities. The company aims to streamline and improve the security operations of organizations, enabling them to respond effectively to emerging threats.

Bugcrowd

Series C in 2018
Bugcrowd Inc. operates a crowdsourced cybersecurity platform that connects organizations with a global community of security researchers to identify vulnerabilities in their applications. Founded in 2011 and headquartered in San Francisco, the company provides a range of security testing solutions for web, mobile, source code, and client-side applications. Bugcrowd facilitates both private and public bounty programs, allowing companies of various sizes to efficiently assess their software security and reward researchers for valid findings. The platform supports customized security testing programs tailored to meet the specific needs of clients across multiple sectors, including financial services, healthcare, retail, automotive, technology, and government. Bugcrowd has established strategic partnerships to enhance its offerings and continues to play a significant role in the cybersecurity landscape.

Anomali

Series D in 2018
Anomali, Inc. is a provider of a threat intelligence platform designed to enhance the detection and identification of cyber threats within organizations. The platform correlates millions of threat indicators with real-time network activity and extensive forensic log data, facilitating threat detection at various stages of the attack lifecycle and enabling proactive mitigation of potential damage. Anomali offers several solutions, including Anomali Reports for data breach detection tailored to small and medium-sized businesses, and Anomali Enterprise Breach Analytics, which delivers personalized threat intelligence for enterprises. Its ThreatStream platform integrates machine-readable threat intelligence with existing security systems, while the ThreatStream Integrator connects to external threat intelligence sources. Anomali supports collaboration among organizations through trusted circles to share threat intelligence and analysis. The company serves a diverse clientele, including IT personnel, security analysts, and executives 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.

RiskLens

Series A in 2017
The leading provider of cyber risk management software, RiskLens empowers business executives, risk officers and CISOs to manage their organization's cyber risk from the business perspective by quantifying it in financial terms. RiskLens was founded in 2011 and is headquartered in Spokane, Washington.

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.

Karamba Security

Series B in 2017
Karamba Security Ltd. develops security software specifically designed for connected vehicles, focusing on safeguarding the internal systems that control car operations. The company's primary offering, Electronic Control Units Endpoint Security, provides solutions for dropper detection and malware prevention, thereby protecting connected cars from cyber threats. This technology fortifies the externally connected controllers within automobiles, which manage telematics, infotainment, and on-board diagnostics, ensuring that only valid code and behaviors are permitted to run. By maintaining the integrity of the vehicle's Controller Area Network (CAN Bus), Karamba's solutions help prevent unauthorized access and attacks. Founded in 2015 and headquartered in Bloomfield Hills, Michigan, the company serves automotive manufacturers and Tier-1 system providers. In addition to automotive applications, Karamba's patented software is applicable to various connected devices and systems, including Industry 4.0 controllers and IoT endpoints, functioning automatically with minimal performance impact.

RiskSense

Series A in 2017
RiskSense, Inc. specializes in cyber risk management solutions, offering a cloud-based platform designed to assess and manage cybersecurity risks. The RiskSense Platform allows organizations to evaluate their cyber risk exposure, orchestrate remediation efforts, and monitor outcomes through a self-managed Software as a Service (SaaS) model. Key offerings include vulnerability assessments via RiskSense Vulnerability Discovery, which identifies misconfigurations and security weaknesses, and RiskSense Attack Surface Validation, which assesses vulnerabilities exploited by cyber adversaries. The platform employs risk-based scoring, analytics, and technology-accelerated penetration testing to provide actionable remediation plans and improve the efficiency of security and IT teams. Additionally, it delivers a comprehensive view of cybersecurity risk across organizational levels through the RiskSense Security Score (RS3), integrating internal and external vulnerability data, threat intelligence, and asset criticality to prioritize risk mitigation efforts. Founded in 2006 and headquartered in Sunnyvale, California, RiskSense also operates in Albuquerque, New Mexico, and India.

HUMAN

Series B in 2016
HUMAN is a cybersecurity company focused on safeguarding enterprises from bot attacks, thereby enhancing digital experiences for genuine users. The company employs its advanced Human Verification Engine to protect applications, APIs, and digital media from malicious bot activity, which can lead to significant financial losses and degrade user experience. HUMAN verifies over 10 trillion interactions weekly for major companies and internet platforms, ensuring that digital engagements are legitimate. Its solutions cover a range of sectors, including advertising, publishing, and enterprise, addressing various threats such as automated fraud, data scraping, and account takeovers. Founded in 2012 and headquartered in New York, with additional offices in Washington, D.C., London, and Victoria, HUMAN continues to innovate in the field of online security.

Expel

Series A in 2016
Expel, Inc. is a managed security software company that specializes in providing SOC-as-a-service, which includes security monitoring and response for cloud, hybrid, and on-premises environments. Founded in 2016 and based in Herndon, Virginia, Expel leverages existing security signals from its customers to enhance the value of their current security investments. By connecting to customer technology remotely via APIs rather than agents, Expel can initiate monitoring within hours, allowing internal teams to concentrate on their unique security priorities. The company aims to streamline and improve the security operations of organizations, enabling them to respond effectively to emerging threats.

RiskSense

Series A in 2016
RiskSense, Inc. specializes in cyber risk management solutions, offering a cloud-based platform designed to assess and manage cybersecurity risks. The RiskSense Platform allows organizations to evaluate their cyber risk exposure, orchestrate remediation efforts, and monitor outcomes through a self-managed Software as a Service (SaaS) model. Key offerings include vulnerability assessments via RiskSense Vulnerability Discovery, which identifies misconfigurations and security weaknesses, and RiskSense Attack Surface Validation, which assesses vulnerabilities exploited by cyber adversaries. The platform employs risk-based scoring, analytics, and technology-accelerated penetration testing to provide actionable remediation plans and improve the efficiency of security and IT teams. Additionally, it delivers a comprehensive view of cybersecurity risk across organizational levels through the RiskSense Security Score (RS3), integrating internal and external vulnerability data, threat intelligence, and asset criticality to prioritize risk mitigation efforts. Founded in 2006 and headquartered in Sunnyvale, California, RiskSense also operates in Albuquerque, New Mexico, and India.

Cofense

Series C in 2016
Cofense, formerly known as PhishMe, specializes in phishing threat management, addressing the vulnerabilities of human behavior in organizations. Its intelligence-driven platform empowers employees to actively identify, report, and mitigate various threats, including spear phishing, malware, and drive-by attacks. Cofense serves a diverse clientele across multiple sectors, including defense, energy, financial services, healthcare, and manufacturing, as well as other Global 1000 companies. By providing tools for penetration testing, social engineering, abuse management, incident response, and data forensics, Cofense helps organizations understand user security behavior, enhance overall security, improve incident response capabilities, and minimize the risk of security breaches.

Anomali

Series C in 2016
Anomali, Inc. is a provider of a threat intelligence platform designed to enhance the detection and identification of cyber threats within organizations. The platform correlates millions of threat indicators with real-time network activity and extensive forensic log data, facilitating threat detection at various stages of the attack lifecycle and enabling proactive mitigation of potential damage. Anomali offers several solutions, including Anomali Reports for data breach detection tailored to small and medium-sized businesses, and Anomali Enterprise Breach Analytics, which delivers personalized threat intelligence for enterprises. Its ThreatStream platform integrates machine-readable threat intelligence with existing security systems, while the ThreatStream Integrator connects to external threat intelligence sources. Anomali supports collaboration among organizations through trusted circles to share threat intelligence and analysis. The company serves a diverse clientele, including IT personnel, security analysts, and executives 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.

Bugcrowd

Series B in 2016
Bugcrowd Inc. operates a crowdsourced cybersecurity platform that connects organizations with a global community of security researchers to identify vulnerabilities in their applications. Founded in 2011 and headquartered in San Francisco, the company provides a range of security testing solutions for web, mobile, source code, and client-side applications. Bugcrowd facilitates both private and public bounty programs, allowing companies of various sizes to efficiently assess their software security and reward researchers for valid findings. The platform supports customized security testing programs tailored to meet the specific needs of clients across multiple sectors, including financial services, healthcare, retail, automotive, technology, and government. Bugcrowd has established strategic partnerships to enhance its offerings and continues to play a significant role in the cybersecurity landscape.

ProtectWise

Series B in 2015
ProtectWise is a cybersecurity company based in Denver that specializes in Cloud-Powered Network Detection and Response (NDR). Founded in April 2013, it offers advanced analytics for cloud, hybrid, and enterprise traffic, enabling organizations to enhance their security through real-time and retrospective threat detection. The platform provides full-fidelity packet captures that are indexed and retained indefinitely, creating a searchable network memory. With a focus on pervasive visibility and automated threat detection, ProtectWise employs machine learning and flow-based traffic algorithms to identify threats in real time and uncover previously unknown threats. The company emphasizes an intuitive and immersive visualizer for analytics and forensics, which aids in effective incident response and threat hunting. ProtectWise has raised over $70 million in funding and is led by industry veterans from prominent security firms.

Shadow Networks

Venture Round in 2015
Shadow Networks, Inc. is a privately-held company based in Santa Clara, California, that specializes in security solutions for enterprise and government networks. Established in 2010, the company offers a range of services, including wireless internet, cybersecurity, web design, and hosting. Its flagship product, ShadowBox, is an appliance that creates large-scale simulated hosts and networks to enhance security without compromising actual network performance. The company focuses on developing Active Threat Deception™ solutions to address sophisticated cyber threats, particularly Advanced Persistent Threats (APTs), which remain undetected by many existing security measures. With a management team composed of former executives from leading networking and security firms, Shadow Networks leverages over five years of government-funded research and proven technologies deployed at the U.S. Department of Defense. This innovative approach aims to improve the detection and mitigation of complex cyber attacks, ultimately transforming the security landscape for enterprises and government agencies.

Cofense

Series B in 2015
Cofense, formerly known as PhishMe, specializes in phishing threat management, addressing the vulnerabilities of human behavior in organizations. Its intelligence-driven platform empowers employees to actively identify, report, and mitigate various threats, including spear phishing, malware, and drive-by attacks. Cofense serves a diverse clientele across multiple sectors, including defense, energy, financial services, healthcare, and manufacturing, as well as other Global 1000 companies. By providing tools for penetration testing, social engineering, abuse management, incident response, and data forensics, Cofense helps organizations understand user security behavior, enhance overall security, improve incident response capabilities, and minimize the risk of security breaches.

Bugcrowd

Series A in 2015
Bugcrowd Inc. operates a crowdsourced cybersecurity platform that connects organizations with a global community of security researchers to identify vulnerabilities in their applications. Founded in 2011 and headquartered in San Francisco, the company provides a range of security testing solutions for web, mobile, source code, and client-side applications. Bugcrowd facilitates both private and public bounty programs, allowing companies of various sizes to efficiently assess their software security and reward researchers for valid findings. The platform supports customized security testing programs tailored to meet the specific needs of clients across multiple sectors, including financial services, healthcare, retail, automotive, technology, and government. Bugcrowd has established strategic partnerships to enhance its offerings and continues to play a significant role in the cybersecurity landscape.

Digital Shadows

Series A in 2015
Digital Shadows Ltd. is a cyber threat intelligence company focused on protecting organizations from data loss and targeted cyber attacks. Founded in 2011, the company offers several services, including Data SearchLight, which detects data loss and leaked materials, and Threat SearchLight, which monitors hostile groups to understand potential threats. Additionally, Brand Protect tracks online mentions of an organization to alert clients of damaging information or compliance breaches. VIP Protect further enhances security by identifying personal threats and preventing exposure of sensitive information. The company serves a diverse clientele across sectors such as financial services, healthcare, and national security, helping them discover sensitive data exposed through various online platforms. Based in London with an office in Dallas, Digital Shadows maintains a strategic partnership with Lockpath, Inc.

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 provider of a threat intelligence platform designed to enhance the detection and identification of cyber threats within organizations. The platform correlates millions of threat indicators with real-time network activity and extensive forensic log data, facilitating threat detection at various stages of the attack lifecycle and enabling proactive mitigation of potential damage. Anomali offers several solutions, including Anomali Reports for data breach detection tailored to small and medium-sized businesses, and Anomali Enterprise Breach Analytics, which delivers personalized threat intelligence for enterprises. Its ThreatStream platform integrates machine-readable threat intelligence with existing security systems, while the ThreatStream Integrator connects to external threat intelligence sources. Anomali supports collaboration among organizations through trusted circles to share threat intelligence and analysis. The company serves a diverse clientele, including IT personnel, security analysts, and executives 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.

Endgame

Series C in 2014
Endgame is a leading endpoint security platform that transforms security operations teams and incident responders from crime scene investigators into hunters that prevent damage and loss, and dramatically reduces the time and cost associated with incident response and compromise assessment. Endgame’s platform uses machine learning and data science to prevent and detect unique attacks at the earliest and every stage of the attack lifecycle. Endgame’s integrated response stops attacks without disrupting normal business operations. It was founded in 2008 and has been operating in Arlington, Virginia.

HUMAN

Series A in 2014
HUMAN is a cybersecurity company focused on safeguarding enterprises from bot attacks, thereby enhancing digital experiences for genuine users. The company employs its advanced Human Verification Engine to protect applications, APIs, and digital media from malicious bot activity, which can lead to significant financial losses and degrade user experience. HUMAN verifies over 10 trillion interactions weekly for major companies and internet platforms, ensuring that digital engagements are legitimate. Its solutions cover a range of sectors, including advertising, publishing, and enterprise, addressing various threats such as automated fraud, data scraping, and account takeovers. Founded in 2012 and headquartered in New York, with additional offices in Washington, D.C., London, and Victoria, HUMAN continues to innovate in the field of online security.

ProtectWise

Series A in 2014
ProtectWise is a cybersecurity company based in Denver that specializes in Cloud-Powered Network Detection and Response (NDR). Founded in April 2013, it offers advanced analytics for cloud, hybrid, and enterprise traffic, enabling organizations to enhance their security through real-time and retrospective threat detection. The platform provides full-fidelity packet captures that are indexed and retained indefinitely, creating a searchable network memory. With a focus on pervasive visibility and automated threat detection, ProtectWise employs machine learning and flow-based traffic algorithms to identify threats in real time and uncover previously unknown threats. The company emphasizes an intuitive and immersive visualizer for analytics and forensics, which aids in effective incident response and threat hunting. ProtectWise has raised over $70 million in funding and is led by industry veterans from prominent security firms.

Damballa

Series E in 2014
Damballa specializes in advanced threat protection, focusing on the detection of active threats that evade conventional security measures. The company employs data science and machine learning techniques to identify successful infections and assess the risk posed by compromised devices, regardless of their operating system or threat vector. Damballa's solutions are designed to discover previously unknown threats, making the company a key player in cybersecurity. It safeguards nearly a billion endpoints across various sectors, including enterprises and major telecommunications providers. The firm also addresses issues related to botnet formation, providing essential safeguards against the misuse of Internet-enabled devices for harmful activities.

Shadow Networks

Series A in 2014
Shadow Networks, Inc. is a privately-held company based in Santa Clara, California, that specializes in security solutions for enterprise and government networks. Established in 2010, the company offers a range of services, including wireless internet, cybersecurity, web design, and hosting. Its flagship product, ShadowBox, is an appliance that creates large-scale simulated hosts and networks to enhance security without compromising actual network performance. The company focuses on developing Active Threat Deception™ solutions to address sophisticated cyber threats, particularly Advanced Persistent Threats (APTs), which remain undetected by many existing security measures. With a management team composed of former executives from leading networking and security firms, Shadow Networks leverages over five years of government-funded research and proven technologies deployed at the U.S. Department of Defense. This innovative approach aims to improve the detection and mitigation of complex cyber attacks, ultimately transforming the security landscape for enterprises and government agencies.

Acalvio

Venture Round in 2014
Acalvio specializes in Advanced Threat Defense (ATD) solutions that focus on detecting, engaging, and responding to malicious activities within organizations. The company employs patented innovations in deception technology and data science to provide a streamlined DevOps approach, facilitating easy deployment, monitoring, and management of its solutions. Acalvio's platform enhances threat intelligence by leveraging data from both internal and partner ecosystems, which helps organizations achieve a layered defense strategy. This approach not only reduces false positives but also fosters the extraction of actionable intelligence for effective remediation. By enabling early detection of advanced threats and improving security operations center (SOC) efficiency, Acalvio significantly reduces attacker dwell time and supports proactive threat-hunting capabilities for its clients.

Anomali

Series A in 2014
Anomali, Inc. is a provider of a threat intelligence platform designed to enhance the detection and identification of cyber threats within organizations. The platform correlates millions of threat indicators with real-time network activity and extensive forensic log data, facilitating threat detection at various stages of the attack lifecycle and enabling proactive mitigation of potential damage. Anomali offers several solutions, including Anomali Reports for data breach detection tailored to small and medium-sized businesses, and Anomali Enterprise Breach Analytics, which delivers personalized threat intelligence for enterprises. Its ThreatStream platform integrates machine-readable threat intelligence with existing security systems, while the ThreatStream Integrator connects to external threat intelligence sources. Anomali supports collaboration among organizations through trusted circles to share threat intelligence and analysis. The company serves a diverse clientele, including IT personnel, security analysts, and executives 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.

Bugcrowd

Seed Round in 2013
Bugcrowd Inc. operates a crowdsourced cybersecurity platform that connects organizations with a global community of security researchers to identify vulnerabilities in their applications. Founded in 2011 and headquartered in San Francisco, the company provides a range of security testing solutions for web, mobile, source code, and client-side applications. Bugcrowd facilitates both private and public bounty programs, allowing companies of various sizes to efficiently assess their software security and reward researchers for valid findings. The platform supports customized security testing programs tailored to meet the specific needs of clients across multiple sectors, including financial services, healthcare, retail, automotive, technology, and government. Bugcrowd has established strategic partnerships to enhance its offerings and continues to play a significant role in the cybersecurity landscape.

Endgame

Series B in 2013
Endgame is a leading endpoint security platform that transforms security operations teams and incident responders from crime scene investigators into hunters that prevent damage and loss, and dramatically reduces the time and cost associated with incident response and compromise assessment. Endgame’s platform uses machine learning and data science to prevent and detect unique attacks at the earliest and every stage of the attack lifecycle. Endgame’s integrated response stops attacks without disrupting normal business operations. It was founded in 2008 and has been operating in Arlington, Virginia.

Cofense

Series A in 2012
Cofense, formerly known as PhishMe, specializes in phishing threat management, addressing the vulnerabilities of human behavior in organizations. Its intelligence-driven platform empowers employees to actively identify, report, and mitigate various threats, including spear phishing, malware, and drive-by attacks. Cofense serves a diverse clientele across multiple sectors, including defense, energy, financial services, healthcare, and manufacturing, as well as other Global 1000 companies. By providing tools for penetration testing, social engineering, abuse management, incident response, and data forensics, Cofense helps organizations understand user security behavior, enhance overall security, improve incident response capabilities, and minimize the risk of security breaches.

Damballa

Series D in 2011
Damballa specializes in advanced threat protection, focusing on the detection of active threats that evade conventional security measures. The company employs data science and machine learning techniques to identify successful infections and assess the risk posed by compromised devices, regardless of their operating system or threat vector. Damballa's solutions are designed to discover previously unknown threats, making the company a key player in cybersecurity. It safeguards nearly a billion endpoints across various sectors, including enterprises and major telecommunications providers. The firm also addresses issues related to botnet formation, providing essential safeguards against the misuse of Internet-enabled devices for harmful activities.

Neohapsis

Series B in 2010
Neohapsis specializes in providing security services and governance, risk, and compliance solutions for enterprises and government agencies. The company offers a comprehensive range of application security services, which include application assessments, architecture design assessments, threat modeling, and secure software development lifecycle evaluations. In the realm of cloud security, Neohapsis facilitates rapid deployment of secure cloud applications, conducts cloud application and infrastructure assessments, and ensures cloud data compliance. The firm also addresses various compliance requirements, such as those related to payment card industry data security standards and HIPAA. Additionally, Neohapsis provides IT risk management, third-party risk management, and advisory services, as well as mobile security solutions covering mobile applications, infrastructure, and device security. The organization's expertise extends to network and endpoint security, ensuring a holistic approach to safeguarding information assets.

Arxan Technologies

Series C in 2007
Arxan Technologies, Inc. specializes in application protection solutions designed to secure software across various platforms, including mobile devices, desktops, servers, and IoT systems. The company offers a range of products, such as GuardIT, which safeguards managed, interpreted, and native code, and EnsureIT, which ensures protection without disrupting the software development lifecycle or performance. Their TransformIT technology employs white box cryptography, while Arxan for Web focuses on defending against server-side attacks and credential theft. Additionally, Arxan provides professional services, including risk assessment and protection design, alongside training and consultation. The company caters to a diverse clientele, including Fortune 500 organizations in sectors such as financial services, healthcare, gaming, and automotive. Founded in 2001 and headquartered in San Francisco, Arxan has established strategic partnerships with firms like IBM and Cigital, enhancing its position as a leader in application security. With over one billion application instances protected, Arxan Technologies offers robust, patented security capabilities that address the evolving threats facing modern applications.

Neohapsis

Venture Round in 2007
Neohapsis specializes in providing security services and governance, risk, and compliance solutions for enterprises and government agencies. The company offers a comprehensive range of application security services, which include application assessments, architecture design assessments, threat modeling, and secure software development lifecycle evaluations. In the realm of cloud security, Neohapsis facilitates rapid deployment of secure cloud applications, conducts cloud application and infrastructure assessments, and ensures cloud data compliance. The firm also addresses various compliance requirements, such as those related to payment card industry data security standards and HIPAA. Additionally, Neohapsis provides IT risk management, third-party risk management, and advisory services, as well as mobile security solutions covering mobile applications, infrastructure, and device security. The organization's expertise extends to network and endpoint security, ensuring a holistic approach to safeguarding information assets.

Application Security

Series C in 2006
Application Security, Inc. specializes in providing database security, risk, and compliance solutions for enterprises both in the United States and internationally. The company's offerings include DBProtect, a comprehensive enterprise solution for database security that encompasses database scanning, vulnerability assessment, and activity monitoring, along with AppDetectivePro, a network-based vulnerability assessment tool that identifies database applications, assesses their security, and addresses vulnerabilities and misconfigurations. Their products facilitate activity monitoring, auditing, compliance, and risk management, ultimately helping organizations enhance their data protection strategies to include database security. The company serves diverse sectors such as government, banking, healthcare, manufacturing, and communications. Founded in 2001 and headquartered in New York, Application Security, Inc. has expanded its presence with additional offices in North America and the United Kingdom, and has established strategic partnerships with major technology firms.

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.

Core Security

Venture Round in 2004
Core Security provides enterprises with market-leading, threat-aware, identity, access and vulnerability management solutions that enable actionable intelligence.

Arxan Technologies

Series B in 2003
Arxan Technologies, Inc. specializes in application protection solutions designed to secure software across various platforms, including mobile devices, desktops, servers, and IoT systems. The company offers a range of products, such as GuardIT, which safeguards managed, interpreted, and native code, and EnsureIT, which ensures protection without disrupting the software development lifecycle or performance. Their TransformIT technology employs white box cryptography, while Arxan for Web focuses on defending against server-side attacks and credential theft. Additionally, Arxan provides professional services, including risk assessment and protection design, alongside training and consultation. The company caters to a diverse clientele, including Fortune 500 organizations in sectors such as financial services, healthcare, gaming, and automotive. Founded in 2001 and headquartered in San Francisco, Arxan has established strategic partnerships with firms like IBM and Cigital, enhancing its position as a leader in application security. With over one billion application instances protected, Arxan Technologies offers robust, patented security capabilities that address the evolving threats facing modern applications.
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