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title: YL Ventures Talking Cyber Newsletter - November 2020
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YL Ventures Talking Cyber Newsletter - November 2020

| View in browser YL Ventures Cybersecurity Newsletter - November 2020       Cybercrime to Cost the World $10.5 Trillion Annually by 2025 Read more on Cybercrime Magazine »   The Lifecycle of a Eureka Moment in Cybersecurity Read more on HelpnetSecurity »   Here’s What’s Driving the Rise in Cloud Workload Cyber Threats Read more on Security Boulevard » Lessons We Can All Learn From Israel's Cyber Commandos Read more on IDG Connect »  Off the Record Podcast - Solving a $1 Billion Mystery Listen on Off the Record »       We're excited to announce the launch of our two new portfolio companies! Enso Security, building the industry’s first Application Security Posture Management platform, raised a $6M seed round led by YL Ventures. Fellow investors Jump Capital; Alex Rice (CTO and Co-founder at HackerOne); Sounil Yu (former Chief Security Scientist at BofA); founders of Luminate (acquired by Symantec); Omkhar Arasaratnam (Engineering Director at Google), and toDay Ventures also joined the round. Read our Partner Ofer Schreiber’s blog post about the announcement.   build.security, delivering the first dedicated Authorization Policy Management platform, raised a $6M seed round led by YL Ventures together with CrowdStrike CEO and Co-founder George Kurtz,  Michael Sutton (former CISO of Zscaler), Sounil Yu (former Chief Security Scientist at BofA), Dan Amiga (Fireglass CTO and Co-founder, acquired by Symantec), Eyal Gruner (CEO and Co-founder of Cynet), and Eran Barak (Hexadite CEO and Co-founder, acquired by Microsoft). CrowdStrike CPO Amol Kulkarni has joined build.security’s board of directors. Read our Partner John Brennan’s blog post about the announcement.   Congrats to our portfolio companies Orca, Axonius, and Hunters for winning the prestigious Security Current CISO Choice Awards (selected by an esteemed CISO Board of Judges).   We had the pleasure of participating in fascinating discussions about the future of the cybersecurity industry throughout a number of high-profile and exciting conferences! We invite you to watch the recordings here: Cybertech USA: Harry Moseley, Global CIO of Zoom and Yoav Leitersdorf, Managing Partner of YL Ventures CyberWeek 2020: One Pandemic, Three Angles - A New Look at the Cybersecurity Lifecycle Calcalist 'Mind the Tech': Amol Kulkarni, CPO of CrowdStrike and Yoav Leitersdorf, Managing Partner of YL Ventures   Learn about build.security's mission to simplify authorization with CEO & Co-founder Amit Kanfer. Learn more » Read about Enso's journey to eliminate AppSec chaos in this blog post by CEO & Co-founder Roy Erlich. Learn more » Try Satori's new Universal Audit feature, providing complete data access audits for all cloud data repositories.  Learn more » Uncover risks hidden across source code lifecycles and along supply chains in this piece by Cycode's CTO. Learn more » Learn how responsible your software vendors are with Orca's 2020 State of Virtual Appliance Security Report. Learn more » Discover how open XDR delivers context-rich correlations across all environments in Hunters' latest demo. Available here » Check out Vulcan's Remedy Cloud, a standalone, free version of Vulcan's remediation intelligence capabilities. Learn more » Celebrate Medigate's recent recognition as a 'Healthcare Market Leader' by KLAS with Medigate's CEO. Learn more » Learn why Axonius was recognized as a 'Cool Vendor' by Gartner in Security Operations and Threat Intelligence.  Learn more » See why Karamba was listed as one of the world's 150 hottest pure-play cybersecurity companies by Cybercrime Magazine Learn more »       Philip Martin Chief Information Security Officer, Coinbase   Timing and source count for a lot in the sales process. With traditional marketing, it's hard to know when we're reaching out about a problem our audience cares about, at the time when they care about it. That's why the best way to keep a solution top of mind is with a timely peer endorsement.   When I see challenges that I think we should pay someone to solve, the first thing I'll do is ask my peers for recommendations.  I'll generally reach out to every single one of those companies to start a conversation.  Vendors should create a network of customer advocates to  maximize their chances of getting the right referral at the right time—be sure to invest in customer success, be transparent around failure, ensure your sales and marketing are providing value and not just driving fear, avoid transactional dealings and foster long term customer relationships.  If you can build that loyal base of customers who sing your praises, it will earn you the right to be at the table when those customers' peers are solving similar problems.       $267M Series F Endpoint Security $130M Series E SASE $32M Series B ZTNA $30M Series B Blockchain Security $20M Series B Cloud Security $20M Seed & Series A Cloud Security $13M Series A Application Security $8.25M Seed Round Attack Surface Management $6M Seed Round Application Security Posture Management $6M Seed Round Authorization Policy Management $4M Seed Round Cyber Asset Discovery $800M Acquisition by Palo Alto Networks $186M Acquisition by FireEye $100M Acquisition by Cisco Acquisition for undisclosed amount by Varonis YL Ventures funds and supports brilliant Israeli tech entrepreneurs from seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages over $300 million and specializes in cybersecurity. YL Ventures accelerates the evolution of portfolio companies via strategic advice and U.S.-based operational execution, leveraging a powerful network of Chief Information Security Officers and global industry leaders.    Copyright © 2020 YL Ventures, All rights reserved.   YL Ventures, Silicon Valley Office, 42 Miller Avenue, Mill Valley, CA 94941, United States Unsubscribe |
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