Left Menu
Development News Edition

Raanan launches cyber-focused fund: Cyberstarts

California-based Sequoia is also an investor in the fund, which will invest in 10 cybersecurity firms.

Reuters | Updated: 12-04-2018 13:34 IST | Created: 12-04-2018 13:33 IST
Raanan launches cyber-focused fund: Cyberstarts
California-based Sequoia is also an investor in the fund, which will invest in 10 cybersecurity firms. (Image Credit: Reuters)

Gili Raanan, the general partner at Sequoia Capital Israel, has raised USD 50 million for a new venture capital fund called Cyberstarts.

Investors in the fund include Shlomo Kramer and Marius Nacht, two of the co-founders of Check Point Software; Amichai Shulman, co-founder of Imperva; Mickey Boodaei and Rakesh Loonkar, two of the founders of Trusteer, which was acquired by IBM; Nir Zuk, the founder of Palo Alto Networks; and Assaf Rappaport, a founders of Adallom, which was acquired by Microsoft.

California-based Sequoia is also an investor in the fund, which will invest in 10 cybersecurity firms.

The fund recruited 10 US-based chief information security officers, who will support the decision-making process and will help the portfolio companies reach the market.

Raanan will continue to manage Sequoia's portfolio in Israel.

"We are interested specifically in investing in cybersecurity companies that are just setting out and have not yet raised any meaningful investment," he said of Cyberstarts.


TRENDING

OPINION / BLOG / INTERVIEW

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Guinea’s elections hearken back to the autocracy and violence of its past

... ...

Videos

Latest News

Protests flare in Italian cities against COVID-19 restrictions

Protests flared across Italy on Monday against a new round of government restrictions aimed at curbing a resurgent coronavirus, with violence reported in at least two major northern cities, Milan and Turin. Witnesses said a number of luxury...

Rugby-Jones tees up Umaga and Furbank as future England flyhalves

England coach Eddie Jones delivered one of his classic curveballs on Monday when he included Jacob Umaga in his latest squad then suggested Northampton flyhalf George Furbank could be the teams next flyhalf.Jones has named a squad for the S...

Mounting pressure on Portugal's health system could prompt further restrictions, minister says

Portugals national health minister warned on Monday that the countrys national health service was under grave pressure and that further restrictive measures could be coming as the number of patients in intensive care approached record level...

FACTBOX-Latest on the worldwide spread of coronavirus

The United States, Russia and France set new daily records for coronavirus infections as a second wave swelled across parts of the Northern Hemisphere, forcing some countries to impose new restrictions.DEATHS AND INFECTIONS For an interact...

Give Feedback