--- title: YL Ventures Talking Cyber Newsletter - August 2024 --- YL Ventures Talking Cyber Newsletter - August 2024 | View in browser YL Ventures Cybersecurity Newsletter   \|   August 2024 How Early Adopters Drive Security Innovation By Partner, Justin Somaini Read on SC Magazine >>   Top Trends at Black Hat 2024 By CTO, Nadav Lev Read on YLV Magazine >>   Why CISOs Should Report to the CEO—and Not the CIO Featuring insights from Partner, Andy Ellis Read on Fortune >>   What the CrowdStrike Update Outage Means for Cybersecurity Featuring insights from Partner, Andy Ellis Read on SC Magazine >> We're extremely proud to share that YL Ventures has been named one of PitchBook's Top 10 VCs Worldwide for the second consecutive year! Out of 365 VC fund families, we secured the 9th spot with an impressive performance score of 72.6. This places YLV in the top decile of VC family funds globally—for the second year in a row—and proudly makes us the only cybersecurity-focused fund in the top 10. Learn more >>  This has been a month of YLV industry recognition! For the third consecutive year, YL Ventures has been selected as a finalist in SC Media's 'Investor of the Year' Award. And, after joining YLV earlier this year, Partner Justin Somaini has been selected as a finalist for the 'Security Executive of the Year' Award! Fingers crossed for two upcoming wins, watch this space.   In other exciting YL Ventures news, we're thrilled to share that Andy Ellis has been promoted to Partner! In his new role, Andy will continue to leverage his extensive security expertise to deepen his engagement with our portfolio. Check out his interview to learn more >>    Our industry-renowned CISO Circuit report is back! The recently published 10th edition explores executive security needs related to transparency, reporting and the impact of recent FTC and SEC actions on security leadership.    Earlier this month, we joined forces with NightDragon, Team8, Merlin Ventures, SYN Ventures and S Ventures for a special Blackhat Kickoff Party, featuring top cybersecurity leaders and innovative startup founders   Lastly, we're pleased to welcome a new YLV team member, Maeve Juday, our new Business Development Associate.   Learn about ALBeast, a critical vulnerability in AWS ALB discovered by Miggo researchers.   Learn more » Explore Aim's new ChatGPT Enterprise Compliance API integration. Read here » Read Gutsy's "State of Vulnerability Management: Global Insights and Solutions".  Access here » Opus is a finalist for the 'Best Vulnerability Management Solution' at the 2024 SC Awards. Learn more » Join CEO Gil Dabah at OWASP's DevDay to deep dive into Rabbit R1's data security. Register here » Watch Valence's latest SINET webinar on mitigating risks in your SaaS environment. Access here » Meet CEO Lior Yaari at ICON's 2024 Cyber Day on September 4 in Palo Alto. Register here » Register for Satori's webinar on Data Security & Governance in the AI era. RSVP here » Explore Cycode AI, a force multiplier for security and development teams. Learn more » Learn about Orca's AI Goat, the first open-source AI security lab based on OWASP's top 10 ML risks.  Learn more » Hunters was recognized as a Fast Moving Leader in the GigaOm Radar for Security & Information Event Management. Read more » Download Vulcan's Q2 2024 Vulnerability Watch for a breakdown of the quarter's biggest vulnerabilities.  Access here » Learn about enhancing IoT cyber resilience with deterministic protection. Read more » L V Andy Ellis, Partner, YL Ventures "Entrepreneurs face a competing messaging challenge. On one hand, you're pitching your company to investors, who need to hear about your long-term vision and what makes your company better than the existing companies on the market. On the other hand, you're pitching your product to buyers, who want to hear what problem you'll solve right now, and how you'll support them on their journey. It's often tempting to have one slide deck and just slightly modify your talk track based on the audience, but that often leads to you overhyping your roadmap and bad-mouthing your competitors to your buyers – two things that won't help you close deals." $8.5M Seed Application Security $8.5M Seed Non-Human Identity $10M Series A Human Risk Mgmt $25M Series B Confidential Computing $60M Series B ML & AI Security $60M Series C Cyber Insurance $140M Series C Container Security $150M Series D Trust & Compliance $250M Series D Email Security $200M Acquisition by Check Point Acquired for an undisclosed amount by Cisco Acquired for an undisclosed amount by Mimecast YL Ventures funds and supports visionary cybersecurity entrepreneurs from seed to scale to help them evolve transformative ideas into market-leading companies. The firm accelerates company growth with tailored support through its powerful network of Chief Information Security Officers, global industry leaders, and a dedicated team of multidisciplinary experts. Based in Silicon Valley, New York and Tel Aviv, YL Ventures manages five funds with $800M in total AUM. The firm has a track record of seeding cybersecurity unicorns such as Axonius and Orca Security, and its portfolio companies have been successfully acquired by high-profile, global industry leaders including Palo Alto Networks, Microsoft, Okta and Proofpoint. PitchBook has ranked YL Ventures as one of the ten best-performing venture capital firms for two consecutive years (2022, 2023) in its prestigious Global Manager Performance Score League Tables, and the firm is the only cybersecurity-focused VC to secure a Top 10 spot on the list.   Copyright © 2024 YL Ventures, All rights reserved.   YL Ventures, Silicon Valley Office, 42 Miller Avenue, Mill Valley, CA 94941, United States Unsubscribe | | --- |