Latest news with #SorensonCapital
Business Insider
5 days ago
- Business
- Business Insider
NetBox Labs raised $35 million amid an AI-driven infrastructure boom. See the pitch deck it used to land its Series B funding.
New York City-based NetBox Labs was cofounded in 2023 by CEO Kris Beevers as the for-profit steward of 10-year-old NetBox, an open-source network and infrastructure platform used by tens of thousands of companies globally. NetBox Labs offers five products built on top of the open-source software with advanced features to make it easier to run, Beevers said, including additional security and support, automation tools, and an AI assistant. It makes money by charging subscriptions based on the tools used and the size of a client's infrastructure. Sorenson Capital and Headline participated in the round, as did existing investors Flybridge Capital, Notable Capital, Mango Capital, Salesforce Ventures, Two Sigma Ventures, and IBM. The company had previously raised $20 million in Series A funding. AI is fueling demand for infrastructure services, and NetBox Labs' revenue is in the single-digit millions, Beevers said. It reinvests a "big chunk" back into the open-source tool. The company has roughly 200 customers, including AI data center giant CoreWeave, for whom it helps manage data center configurations and design future facilities. It also works with non-AI-focused companies, whose infrastructure has become more complex and dynamic amid ongoing digitization in recent years, Beevers said. This includes departments of transportation across the country — managing toll booths, speed cameras, and more— as well as ARM, Cisco, Constant Contact, J.P. Morgan, Kaiser Permanente, and Riot Games. The investment will be used to hire across engineering and sales. Beevers said the company will surpass 100 employees this year. Beevers previously served as the cofounder and CEO of NS1, which spun out NetBox Labs after selling the other part of its business to IBM in 2023. Jeremy Stretch, the creator of NetBox, also serves as a cofounder at NetBox Labs. Here's a look at the pitch deck the startup used to raise its $35 million Series B. Certain slides have been edited and removed so that the deck can be shared publicly. Network and Infrastructure Management Is Growing More Painful, Exponentially NetBox = Leverage to Massive Platform Play NetBox Wins in an AI World
Economic Times
31-07-2025
- Business
- Economic Times
Cybersecurity startup Safe Security raises $70 million from Avataar Ventures, others
ETtech Safe Security cofounder Saket Modi Cybersecurity intelligence startup Safe Security has raised $70 million in a funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners and Prosperity7 Ventures. Existing investors, including Eight Roads, John Chambers, and Sorenson Capital, also participated in the round. The Palo Alto-based company said the fresh capital will be used to invest in research and development initiatives, strengthen its presence in the cyber-risk management space, and develop agentic AI-based reasoning models as it works toward building cyberAGI, artificial general intelligence designed to manage cybersecurity autonomously. Founded in 2012 by Saket Modi, Viditkumar Baxi and Rahul Tyagi, Safe Security helps large enterprises measure and manage their cyber risks in real-time using artificial intelligence (AI). The company's software continuously assesses an organisation's internal systems and third-party partners, quantifies how exposed an organisation is to potential cyber threats, simulates the impact of possible breaches, and recommends where companies should focus their security efforts.'We are the layer of intelligence on top of pretty much the entire cyber security stack of a company, which translates tactical findings into business risk and then enables action on that,' Modi, who is the chief executive officer, told added that the company, which was incubated at IIT Bombay, offers over 100 application programming interfaces (APIs) that integrate with commonly used enterprise security Security was bootstrapped for its first four years. Modi, a computer science engineer, and his team were also involved in the security assessment of Bhim, the digital payments app developed by the National Payments Corporation of India (NPCI). The company recently launched a new product in the continuous threat exposure management (CTEM) space, which it claims is the first fully autonomous solution in the category. It said that unlike existing tools that rely on static risk scores, Safe's version uses dozens of AI agents to scan an organisation's attack surface in real-time and simulate how adversaries might exploit different vulnerabilities. Safe Security currently has around 200 employees, with its research and development team of 100 based in India. It counts companies such as Google, Netflix, Fidelity, Victoria's Secret, T-Mobile, and Chevron among its 2023, Safe Security raised $50 million in a round led by Sorenson Capital. With the latest fundraise, the company has now raised a total of $170 million.'Most cybersecurity sub-sectors we've evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that's not changing anytime soon,' said Nishant Rao, founding partner at Avataar Ventures. 'What makes Safe stand out is its positioning — not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack.' Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Zomato delivered, but did the other listed unicorns? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? As rates slide, who will grab the savings pie? MFs, insurers? Is it time for Tim Cook to bid bye to Apple? Regulators promote exchanges; can they stifle one? Watch IEX Stock Radar: Down over 20% from highs! Varun Beverages stock showing signs of trend reversal – time to buy? History tells us 'Hold' is equal to wealth creation: 11 large- and mid-cap stocks from different sectors with upside potential of up to 37% In some cases parentage equals 'management with ability': 5 mid-caps from different sectors, which tick the right box Multibagger or IBC - Part 17: Margins are slim. Promoters are all in. Is this small cap the ultimate contrarian bet?
Time of India
31-07-2025
- Business
- Time of India
Cybersecurity startup Safe Security raises $70 million from Avataar Ventures, others
Academy Empower your mind, elevate your skills Cybersecurity intelligence startup Safe Security has raised $70 million in a funding round led by Avataar Ventures , with participation from Susquehanna Asia Venture Capital, NextEquity Partners and Prosperity7 investors, including Eight Roads, John Chambers, and Sorenson Capital, also participated in the Palo Alto-based company said the fresh capital will be used to invest in research and development initiatives, strengthen its presence in the cyber-risk management space, and develop agentic AI-based reasoning models as it works toward building cyberAGI, artificial general intelligence designed to manage cybersecurity in 2012 by Saket Modi, Viditkumar Baxi and Rahul Tyagi, Safe Security helps large enterprises measure and manage their cyber risks in real-time using artificial intelligence (AI).The company's software continuously assesses an organisation's internal systems and third-party partners, quantifies how exposed an organisation is to potential cyber threats, simulates the impact of possible breaches, and recommends where companies should focus their security efforts.'We are the layer of intelligence on top of pretty much the entire cyber security stack of a company, which translates tactical findings into business risk and then enables action on that,' Modi, who is the chief executive officer, told added that the company, which was incubated at IIT Bombay, offers over 100 application programming interfaces (APIs) that integrate with commonly used enterprise security Security was bootstrapped for its first four years. Modi, a computer science engineer, and his team were also involved in the security assessment of Bhim, the digital payments app developed by the National Payments Corporation of India (NPCI).The company recently launched a new product in the continuous threat exposure management (CTEM) space, which it claims is the first fully autonomous solution in the category. It said that unlike existing tools that rely on static risk scores, Safe's version uses dozens of AI agents to scan an organisation's attack surface in real-time and simulate how adversaries might exploit different Security currently has around 200 employees, with its research and development team of 100 based in India. It counts companies such as Google, Netflix, Fidelity, Victoria's Secret, T-Mobile, and Chevron among its 2023, Safe Security raised $50 million in a round led by Sorenson Capital. With the latest fundraise, the company has now raised a total of $170 million.'Most cybersecurity sub-sectors we've evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that's not changing anytime soon,' said Nishant Rao, founding partner at Avataar Ventures. 'What makes Safe stand out is its positioning — not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack.'
National Post
26-06-2025
- Business
- National Post
Sorenson Capital Announces $150M Ventures Fund III to Maintain Focus on Cybersecurity and B2B Software Investments
Article content PALO ALTO, Calif. — Sorenson Capital, a leading venture capital firm with offices in Palo Alto and Salt Lake City, today announced the launch of its third early-stage fund, Ventures III, with $150 million in capital commitments. This new fund underscores the firm's dedication to its focused investment strategy in cybersecurity and B2B software companies ranging from pre-revenue up to $5 million in ARR. Article content Ventures III maintains a comparable size to its predecessor, Ventures II, which was a $150 million fund, reflecting the firm's commitment to a consistent and focused approach. Specifically, by maintaining consistency in sector focus and fund size, Sorenson Capital ensures a collaborative style with each portfolio company whereby the team works closely with founders to execute go-to-market strategies, develop product offerings, source their first customers, and provide informed perspectives on industry trends. Article content With over two decades of experience in cybersecurity and B2B software, the firm brings extensive market knowledge and strategic insights to its investments, having invested in companies including BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks). Article content Rob Rueckert, Managing Director at Sorenson Capital, stated, 'Our deliberate fund size is about maximizing our impact – for our LPs and our founders. We've seen firsthand that bigger doesn't always mean better in this business. Our consistent focus means we remain deeply involved with each of our investments from day one through exit.' Article content The firm remains committed to partnering with founders who are innovating across AI, B2B Software, Cybersecurity, and DevOps & Infrastructure, helping them through the entire company lifecycle. Sorenson Capital is actively investing out of Ventures III, with 9 companies already in the fund, including Andromeda Security, Bureau, Jump, and SmartSuite. These companies are tackling key challenges, including safeguarding against human and non-human identity breaches, preventing global identity fraud, delivering tailored agentic AI solutions for specific industries, and streamlining workflow management. Article content 'At Sorenson Capital, we're dedicated to helping our portfolio companies build scalable and repeatable go-to-market playbooks,' said Ken Elefant, Managing Director at Sorenson Capital. 'Our approach goes beyond just providing capital; we roll up our sleeves and work closely with founders to identify urgent pain points, define customer profiles, and develop products that solve real business problems. As we move forward, we'll continue to leverage our extensive networks and decades of experience in enterprise software and cybersecurity to provide a business development roadmap for our companies.' Article content About Sorenson Capital Article content Sorenson Capital is a venture capital firm that invests in product-first early and growth-stage companies in the cybersecurity and B2B software categories. Sorenson Capital has $1.6 billion in assets under management and its investments in product leaders include BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks). The firm supports entrepreneurs through every stage of their journey to accelerate revenue growth and further their product leadership positions. For more information, visit: The portfolio companies listed above represent a subset of all investments made by Sorenson Capital. It should not be assumed that future portfolio investments will be profitable or equal to the success of the companies in this list. A complete list of Sorenson Capital investments is available upon request. The assets under management listed above are as of December 31, 2024. Article content Article content Article content Contacts Article content Media Contact Article content Article content Article content Article content
Business Wire
26-06-2025
- Business
- Business Wire
Sorenson Capital Announces $150M Ventures Fund III to Maintain Focus on Cybersecurity and B2B Software Investments
PALO ALTO, Calif.--(BUSINESS WIRE)-- Sorenson Capital, a leading venture capital firm with offices in Palo Alto and Salt Lake City, today announced the launch of its third early-stage fund, Ventures III, with $150 million in capital commitments. This new fund underscores the firm's dedication to its focused investment strategy in cybersecurity and B2B software companies ranging from pre-revenue up to $5 million in ARR. Ventures III maintains a comparable size to its predecessor, Ventures II, which was a $150 million fund, reflecting the firm's commitment to a consistent and focused approach. Specifically, by maintaining consistency in sector focus and fund size, Sorenson Capital ensures a collaborative style with each portfolio company whereby the team works closely with founders to execute go-to-market strategies, develop product offerings, source their first customers, and provide informed perspectives on industry trends. With over two decades of experience in cybersecurity and B2B software, the firm brings extensive market knowledge and strategic insights to its investments, having invested in companies including BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks). Rob Rueckert, Managing Director at Sorenson Capital, stated, "Our deliberate fund size is about maximizing our impact – for our LPs and our founders. We've seen firsthand that bigger doesn't always mean better in this business. Our consistent focus means we remain deeply involved with each of our investments from day one through exit." The firm remains committed to partnering with founders who are innovating across AI, B2B Software, Cybersecurity, and DevOps & Infrastructure, helping them through the entire company lifecycle. Sorenson Capital is actively investing out of Ventures III, with 9 companies already in the fund, including Andromeda Security, Bureau, Jump, and SmartSuite. These companies are tackling key challenges, including safeguarding against human and non-human identity breaches, preventing global identity fraud, delivering tailored agentic AI solutions for specific industries, and streamlining workflow management. "At Sorenson Capital, we're dedicated to helping our portfolio companies build scalable and repeatable go-to-market playbooks,' said Ken Elefant, Managing Director at Sorenson Capital. 'Our approach goes beyond just providing capital; we roll up our sleeves and work closely with founders to identify urgent pain points, define customer profiles, and develop products that solve real business problems. As we move forward, we'll continue to leverage our extensive networks and decades of experience in enterprise software and cybersecurity to provide a business development roadmap for our companies." About Sorenson Capital Sorenson Capital is a venture capital firm that invests in product-first early and growth-stage companies in the cybersecurity and B2B software categories. Sorenson Capital has $1.6 billion in assets under management and its investments in product leaders include BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks). The firm supports entrepreneurs through every stage of their journey to accelerate revenue growth and further their product leadership positions. For more information, visit: The portfolio companies listed above represent a subset of all investments made by Sorenson Capital. It should not be assumed that future portfolio investments will be profitable or equal to the success of the companies in this list. A complete list of Sorenson Capital investments is available upon request.
