Our team connects entrepreneurs, corporate and government customers, strategic partners, advisors, and executives to build the next generation of cybersecurity companies.
SolCyber launched as the first modern MSSP for the mid-market, enabling organizations to prevent, monitor and respond to cybersecurity threats with its unique, curated and high fidelity security approach. The company also announced $20 million in Series A funding, led by ForgePoint Capital. Spearheaded by an experienced team of cybersecurity and channel experts, SolCyber will use this investment to extend its technology offerings, build market awareness, drive customer growth and support an aggressive hiring strategy.
Noname Security, an API security platform that protects APIs in real-time and detects vulnerabilities and misconfigurations before they are exploited, announced a $60 million Series B round led by Insight Partners. ForgePoint Capital, Lightspeed Venture Partners, and Cyberstarts also participated in the round.
Verituity, a verified digital payments platform that modernizes banks treasury services and connects banks, payers, and payees to first-time and on-time digital payouts experiences, announced a $10 million Series A round co-led by ForgePoint Capital and Ardent Venture Partners. Series A funds will be used to expand go-to-market efforts and enhance the company’s cloud-based verified digital payout platform. Don Dixon, Managing Director at ForgePoint Capital, and Phil Bronner, Co-Founder and General Partner at Ardent Venture Partners, will join Verituity’s Board of Directors.
Huntress, a SaaS-based managed detection and response (MDR) provider for managed service providers (MSPs) and value-added resellers (VARs), announced a $40 million Series B round of financing led by JMI Equity. Existing investors, ForgePoint Capital and Gula Tech Adventures, also participated in the round.
DeepSee.ai, the leader in AI-powered Knowledge Process Automation, announced a $22.6 million Series A round led by ForgePoint Capital. Series A funds will be used to accelerate product development and expand the platform beyond the capital markets and insurance verticals. Sean Cunningham, Managing Director of ForgePoint Capital, will join DeepSee’s Board of Directors.
SPHERE, a woman-owned cybersecurity business focused on providing best-of-breed software and services for access governance across data, platforms and applications, announced a $10 million series A round led by ForgePoint Capital. Don Dixon and Will Lin, Managing Directors at ForgePoint Capital, will join SPHERE’s board of directors.
1Kosmos, the only cybersecurity solution to provide digital identity proofing and passwordless authentication, announced a $15 million Series A round led by ForgePoint Capital. With the closing of this financing, 1Kosmos emerges from stealth mode to offer a unique security platform that brings the highest identity and authentication assurance levels through advanced biometrics and a private blockchain ecosystem.
ForgePoint Capital has emerged as the most active sector-focused cybersecurity venture investor year-to-date according to PitchBook data. Since the beginning of the year, the firm has led investments totaling $75 million in new companies, added three new investment professionals, and invested $37.8 million in follow-on funding rounds.
ForgePoint’s Cybersecurity Advisory Council is unmatched in the industry. Built and carefully maintained for decades, the council provides a unique source of investment and company-building opportunities for our portfolio.