Allegis Capital, a Palo Alto, CA-based diversified seed and early-stage venture capital investor in technology startups, is announcing the first close of Allegis VI, a $100m early-stage fund committed to cyber security investments.
In addition to targeting cyber security startups, the $100m – committed from new and current investors – will also be used to invest in related companies in data analytics, the Internet of Things (IoT) and virtualization.
The fund will invest both in companies that secure legacy computing infrastructure and next-generation computing platforms in which security is inherent in the design.
Allegis VI has already made two investments in E8 Security, which is developing an advanced threat detection technology that bypasses preventive controls and rule-based monitors, as well as Signifyd, which protects online stores by scoring hundreds of risk indicators to ensure transactions are legitimate.
Previous cyber security investments (in the last 24 months) included Bracket Computing, vArmour, Shape Security, Area 1 Security, Synack, Platfora, Moki Mobility and E-File Cabinet. Past portfolio companies have included IronPort Systems, an email security firm that was acquired by Cisco Systems for $830 million, and Solera Networks, which was acquired by Blue Coat in 2013.
Founded in 1996 by managing director Robert Ackerman and also led by Spencer C. Tall and Pete G. Bodine, Allegis Capital has more than $700 million in capital under management and has been active in cyber security investing since 2000.