2023
Year in Review
Challenges create opportunities. In 2023, dynamic leaders in the Forgepoint family elevated us to new heights in security, privacy, and digital transformation.
We’re confident our resilient community will continue to step up in the face of emergent cyber threats. Together, we will forge a more secure digital future. The best is yet to come.
The Forgecast
We launched The Forgecast in 2023, our new video and podcast series featuring in-depth interviews with industry greats.
(now 84 total)
Portfolio Highlights
M&A Milestones
Congratulations on these major milestones in 2023!
Ermetic, acquired by Tenable
Ermetic was acquired by Tenable (TENB) to contextualize cloud-based identity and infrastructure risk, providing customers enhanced visibility, assessment and remediation capabilities.
WireWheel, acquired by Osano
WireWheel was acquired by Osano to enhance its enterprise-grade data privacy platform with industry-leading assessment solutions that are customizable and deployable at scale.
New Companies
Forgepoint-led investments. Welcome to the family!
Converge Insurance, $15M Series A
Converge Insurance raised $15M in Series A funding to help SMBs manage cyber risk through expert underwriting and prevention-led insurance.
Lumu, $30M Series B
Lumu raised $30M in Series B funding to help companies detect network threats and successful compromises, gain actionable insights, and automate incident response.
Lynx, €17M ($18M) Series A
Lynx raised €17M in Series A funding to fight fraud and money laundering through AI-powered behavioral analysis and risk scoring for financial institutions.
Select Additional Funding Rounds
Congratulations to these companies on raising over $155M in follow-on capital!
Huntress, $60M Series C
Huntress raised $60m in Series C funding to help SMBs protect themselves against cyber threats with managed EDR.
Secure Code Warrior, $50M Series C
Secure Code Warrior raised $50M in Series C funding to empower developers with skills, training, and support to create more secure code.
Symmetry Systems, $18M financing
Symmetry Systems raised $18M in financing to help companies address security and compliance needs through data security posture management.
Strata, $26M Series B
Strata raised $26M in Series B funding to bridge the gap between applications, servers, and tools so companies can implement secure, integrated identity management.
Fortune
Cyber60
Cyberhaven, Huntress and Noname Security were recognized in the inaugural Cyber60, a list of the fastest growing startups in cybersecurity, according to Fortune and Lightspeed.
Forbes America’s Best Startup Employers
Congratulations to these companies on making Forbes America's list of the best startup employers!
Illustration by Travis Constantine for Forbes
Forgepoint Updates
Advisory Council
Eight more industry leaders joined our Advisory Council to help foster critical innovation.
New Board Members
Women continue to be underrepresented on company boards, holding just 28% of board seats in Russell 3000 companies. Please join us in congratulating distinguished industry leaders and Forgepoint Advisory Council Members Marene Allison (SPHERE), Teresa Shea (IDX/ZEROFOX), and Myrna Soto (Huntress) on their recent appointments to the boards of Forgepoint companies this year.
ESG: Our Commitment
Our commitment to ESG starts with our diverse team which is passionate about creating positive societal change. As investors, we abide by responsible investment principles. We factor ESG and DEI into what we do and invite our portfolio companies to do the same.
News and Insights
Securing (Generative) AI
AI was no doubt top of mind, with GenAI and other new forms bringing opportunities and risks. We dug deep with our friends at BGV and the Ethical AI Governance Group, culminating in the inaugural Securing AI Summit at the Nasdaq Entrepreneurial Center in San Francisco – an invite-only gathering of CISOs, researchers, entrepreneurs, policymakers, cyber practitioners and AI enthusiasts across the ecosystem.
Harnessing the Power of Generative AI in Cybersecurity
Alberto Yépez and Anik Bose (Managing Partner at BGV and Founder of the Ethical AI Governance Group (EAIGG)) shared perspectives on how cybersecurity innovation will be impacted by Gen AI.
CISO Survival Guide
Cisco Investments, Forgepoint, Nightdragon and Team8 collaborated on the 2023 CISO Survival Guide: Emerging Cybersecurity Trends from the Startup Landscape.
A String of Pearls: Coordinated Cyber Risk Management and Breach Response
Andrew McClure shared insight on our “string of pearls” approach towards investing pre- and post-breach across the cyber insurance value chain.
Newsroom Highlights
Perspectives
Threat Intelligence Portfolio Spotlight (TIPS)
We launched TIPS in 2023, our LinkedIn newsletter and blog series where we examine the latest cybersecurity trends and threats and provide actionable insights for industry decision-makers.
Forgepoint Field Guide
From product-led growth to honing your go-to-market strategy and scaling your team, gain insights from seasoned operators.
The Power of Community: Standing Out as an Early Stage Startup
with Derek Weeks, former CEO at the Linux Foundation, Co-founder of All Day DevOps
Building Community
Highlights from the past year!
Thank You.
Here’s to a happy, healthy, and prosperous 2024.
