Focus Area
Security
Protecting enterprises and individuals from evolving threats. AI is transforming both attack and defense, creating urgent demand for next-generation security solutions.
$663B
Market Size by 2033
11.9% CAGR growth
81%
Zero Trust Adoption
Organizations by 2026
82:1
Machine to Human Identities
Enterprise identity ratio
45
Average Security Tools
Per enterprise
Our Investment Thesis
The security landscape is undergoing its most significant transformation in decades. AI is enabling attackers to operate at unprecedented scale and sophistication, while simultaneously providing defenders with powerful new tools.
We believe the next great security companies will be AI-native: not just adding ML features to legacy products, but fundamentally reimagining security for a world where both threats and defenses are powered by intelligent systems.
Identity, not the network, is now the most targeted attack vector. With machine identities outnumbering human employees 82 to 1, and deepfakes becoming indistinguishable from reality, identity security is central to network defense.
We invest in companies that can detect and respond to novel threats, automate security operations, and protect the new attack surfaces created by AI adoption.
What We Look For
- AI-native architecture for threat detection and response
- Clear differentiation from legacy security vendors
- Ability to reduce tool sprawl and complexity
- Strong threat intelligence or unique data advantage
- Proven value in production enterprise environments
- Teams combining security expertise with ML capabilities
Market Insight
Zero Trust is no longer aspirational; it is the baseline expectation
With traditional VPNs collapsing and implicit trust becoming a liability, identity-based security and zero-trust network access will become the primary defense against automated session hijacking and AI-powered attacks.
Key Trends Shaping the Market
The forces driving innovation and creating new opportunities in this space.
AI-Powered Attacks
Adversaries are using AI agents to automate vulnerability discovery and conduct social engineering at larger scale. A surge in AI agent attacks is predicted for 2026.
Identity as the Battleground
The concept of identity is becoming the primary battleground of the AI economy. Deepfakes are achieving flawless real-time replication indistinguishable from reality.
Zero Trust Adoption
81% of organizations plan to implement Zero Trust by 2026. Continuous verification is becoming baseline rather than nice-to-have.
Post-Quantum Preparation
The "harvest now, decrypt later" threat timeline has been accelerated by AI, sparking the largest cryptographic migration in history.
Tool Consolidation
Enterprises juggling 45 different security tools are consolidating. Companies combining GenAI with integrated programs project 40% fewer incidents by 2026.
AI Security
13% of companies have reported AI-related security incidents. 97% of those affected lack proper AI access controls, creating a new attack surface.
Where We See Opportunity
Specific segments and categories where we're actively seeking investments.
AI-Powered Threat Detection
Security platforms that use AI to identify and respond to threats in real-time. Moving from reactive to predictive security.
LLM Security
Tools for protecting AI systems from prompt injection, jailbreaks, and data poisoning. Security for the AI age.
Identity & Access
Next-generation identity management for cloud-native, zero-trust environments. Machine identity management at scale.
Security Automation
Platforms that automate security operations, response, and compliance. SOAR and AI-powered security orchestration.
API Security
Tools for discovering, testing, and protecting APIs at scale. Securing the interfaces between modern applications.
Data Security
Solutions for protecting sensitive data across cloud, on-prem, and AI systems. Privacy-preserving technologies.
Market Landscape
Notable companies and categories shaping this market.
Cloud Security
Wiz, Orca, Lacework, Snyk, Aqua Security
Identity Security
Okta, CyberArk, SailPoint, Saviynt, BeyondTrust
AI Security
Protect AI, Robust Intelligence, CalypsoAI, HiddenLayer
Threat Detection
CrowdStrike, SentinelOne, Palo Alto Networks, Microsoft Defender
API Security
Salt Security, Noname, Traceable, Cequence, 42Crunch
Security Automation
Torq, Tines, Swimlane, Splunk SOAR, Palo Alto XSOAR
Building in Security?
We're actively investing in this space and would love to hear about what you're building.