We’re proud to announce that two of our portfolio companies reached the honorable status of cybersecurity unicorns! YL Ventures led their seed rounds and has been their supporter from inception.
Orca Security, the cloud security innovation leader, raised $210M in a Series C round led by CapitalG and Redpoint Ventures, reaching nearly $300M in combined funds at a $1.2B valuation.
Axonius, the cybersecurity asset management leader, raised $100M in a Series D round led by Stripes at a $1.2B valuation, increasing their total funding to $195M.
We’re also excited to share that YL Ventures sold its stake in Axonius to late-stage, IPO focused investors for $270M, representing the first return on our third $75M fund (raised in 2017) and the largest return in the firm’s history! This deal allows us to remain focused on funding early-stage Israeli cybersecurity startups and continue supporting them all through the important milestones of their initial stages.
Vulcan Cyber, the vulnerability remediation orchestration platform, raised a $21M Series B round led by Dawn Capital with participation from YL Ventures, Wipro Limited, and Ten Eleven Ventures, bringing their total funding to $35M.