YL Ventures Cybersecurity Newsletter - November 2023
We've always celebrated the resiliency of Israel's cybersecurity ecosystem and long championed the unyielding strength of our nation’s tech sector. Today, in the face of some of our nation's most challenging times, this sentiment rings louder than ever.
Israel's cybersecurity community persists with unwavering strength, resilience, and an unshakable commitment to shaping tomorrow. YL Ventures, its portfolio companies and the entire Israeli ecosystem have, and always will, deliver, no matter what.
In line with that commitment, we are honored to dedicate this edition of our Talking Cyber newsletter to celebrating Israeli tech excellence.
Israeli Cybersecurity Startups: Navigating War and Business Continuity
We're thrilled to welcome another revolutionary startup to our portfolio, Gutsy, and announce their $51M seed round. Led by YL Ventures, alongside Mayfield Fund and an impressive group of cybersecurity luminaries, this investment marks one of the largest cybersecurity seed rounds to date. Learn more about Gutsy's mission to transform security governance in Managing Partner Yoav Leitersdorf's blog >>
In other exciting news, Vulcan Cyber closed a $55M Series B round, with an additional $34M investment, bringing Vulcan's total funding to date to $70M.
We're also proud to share that CSO Online named six of our portfolio companies 'cybersecurity startups to watch', including Eureka Security, Gutsy, Opus Security, Spera Security, Piiano and Valence Security.
Last but not least, we're pleased to announce our newest in-house team members: Or Salom (Analyst), Ron Binder (Demand Generation Manager) and Ofir Levy (Office Administrator).
Learn how Gutsy is redefining the security governance market with process mining.
"Times of economic or geopolitical uncertainty can have significant implications for young startups, both on business output and on employee motivation and productivity. In order to provide some sense of normalcy, founders can give their employees practical tools to maintain their routines, support open dialogue with management and be flexible while addressing their needs. While feelings of instability and concern may be inevitable, founders can support their teams by leading by example and focusing on what they can control."
YL Ventures funds and supports brilliant Israeli tech entrepreneurs from seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages over $800 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.
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