Sequoia Capital General Partner Launches First Cybersecurity Fund
April 12, 2018 | Sequoia Capital Israel General Partner Gili Raanan has announced he is launching a new cybersecurity venture capital fund named Cyberstarts, according to a press release. This is said to be the world’s first venture capital firm backed by cybersecurity entrepreneurs. “The fund’s unique model is introducing a fresh approach for pre-investment decision making process and post-investment portfolio services,” the statement said. The fund has already received $50 million in funding in a very short time, thanks to the support of various cybersecurity entrepreneurs, including Check Point co-founders Shlomo Kramer and Marius Nacht, Imperva co-founder Amichai Shulman, IBM-acquired Trusteer founders Mickey Boodaei and Rakesh Loonkar, Palo Alto Networks founder Nir Zuk, and Microsoft-acquired Adallom founder Assaf Rappaport. Sequoia capital is also an investor in the fund. The fund also includes 10 US-based Chief Information Security Officers (CISOs) to support the decision making process.