YL Ventures Cybersecurity Newsletter - October 2022

"Cybersecurity Funding Continues Slide In Q3"

Read on Crunchbase News >>

"What the Uber Verdict Means to CISOs: You're (Probably) Not Going to Jail"

Read on CSO Online >>

"Cybersecurity Spending on Pace to Surpass $260B by 2026"

Read on Cybersecurity Dive >>

"The Honey and the Sting: A Year in Review - Part 1”

Read on Geektime >>

We’re thrilled to welcome another revolutionary startup to our portfolio - Opus Security! Opus raised a $10M seed round led by YL Ventures, with participation from Tiger Global and an esteemed group of industry leaders. Learn about their mission to transform Cloud Security Orchestration and Remediation on Senior Partner John Brennan’s blog >> 

In other exciting portfolio news - Valence Security raised $25M in Series A funding, in just under a year since exiting stealth! This new investment round brings Valence’s total funding to $32M. Read more here >>

We're pleased to share some exciting team updates! We recently announced the promotions of Linor Shust (VP HR), Gye Cohen (Director of Operations), Guy Feinberg (Director of Marketing), and Merav Ben-Avi (Content Manager), as well as the addition of Ayelet Slasky (Marketing Specialist) and Gal Spiner Abramovich (Marketing Specialist) to our in-house team.

Lastly, we recently had the pleasure of hosting several in-person global events. We hosted our friends from General Atlantic and Bain Capital for intimate gatherings with our portfolio founders and close friends in Tel Aviv. We also joined forces with Redpoint for a special cocktail event, featuring a panel discussion on the current state of the industry and pressing challenges. Check out the full album here >>

Check out CEO Meny Har’s inaugural blog about the vision behind founding Opus. 

Read here »

Read why Piiano believes protecting PII and other sensitive customer data is a must.

Read here »

Learn how Valence's new integration with Azure AD will reduce SaaS supply chain risks.

Learn more » 

Learn how joining the Snyk Technology Alliance Partner Program will help Enso's customers. Learn more »

Tim Brown, VP Security & CISO at SolarWinds

"CIOs and CISOs are constantly contacted by vendors. Their emails are flooded and their voicemails are full - so how do you get their attention? Start a little lower in the organization and get a champion. I very rarely turn down a request from someone on my team that wants to do a POC. If the POC works and they really want the solution, I’ll make it happen. Fluff slides about the market are usually a waste of time as we know the market. Use the majority of the time to tell me why you are cool, what your secret sauce is, how you can reduce my risk, save me time, prepare me for the future or do something that I have not thought about. Surprise me!"

$70M Series D

Vulnerability & Risk Management

$90M Series C

Data Security

$100M Series B

Password Management

$40M Series B

Cloud Security

$40M Series B Extension

Compliance Automation

$25M Series A

SaaS Security

$11.5M Series A

ITDR

$25M Seed

Application Security

$10M Seed

Cloud Security Orchestration & Remediation

Acquired for an undisclosed amount

by CrowdStrike

$4.6B Acquisition

 by Vista Equity Partners

$2.3B Acquisition 

by Thoma Bravo