Evolution Equity Partners

Nick Schneider, CEO at Arctic Wolf on consolidation in cybersecurity. #evolutionportfolio, #defendandprotect, #cybersecurity https://lnkd.in/eKrQmjvG

Did you know 𝗰𝘆𝗯𝗲𝗿𝗰𝗿𝗶𝗺𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱'𝘀 𝘁𝗵𝗶𝗿𝗱-𝗹𝗮𝗿𝗴𝗲𝘀𝘁 "𝗲𝗰𝗼𝗻𝗼𝗺𝘆" after the US and China? 📈 Some stats that caught our attention:  - Global cybercrime damages in 2021: $6 trillion. According to Cybersecurity Ventures: - Projected annual growth rate of cybercrime: 15% over the next five years - Estimated annual global cost of cybercrime by 2027: $24 trillion - Probability of detection and prosecution of organized cybercrime in the US: 0.05% Cybersecurity is on a path to becoming an essential business utility, similar to energy or cloud services. Some immediate solutions enterprise C-levels should be looking at:  - Proactive Human Risk Management rather than reactive SA&T (https://lnkd.in/e_y9rzEE)  - Making sure your organization has the right type of CISO (https://lnkd.in/e_jsbuG7)  - Leveraging Generative AI as a security enabler (https://lnkd.in/exUCMNrt) Looking for the most innovative solutions in cybersecurity? Take a look at our portfolio of companies here 👉 https://lnkd.in/ey2h_xT4 #cybersecurity #venturecapital #investors #vc #defendandprotect Follow Evolution Equity Partners for regular insights on Cybersecurity and Venture Capital.

There are ∼700,000 open cybersecurity positions in the U.S. alone. The last National Cyber Workforce and Education Summit at the White House unveiled significant initiatives that merit attention from the #cybersecurity community, including a National Cyber Workforce and Education Strategy. (Read the factsheet below for more info, or visit: https://lnkd.in/g_CK4QDu) This activity signals a pressing need for immediate action to address the cybersecurity talent gap. Major tech firms have pledged to train hundreds of thousands in cyber skills, but we need more hands on deck. We encourage our followers to explore the many educational opportunities and programs offered by the National Institute of Standards and Technology (NIST) through the National Initiative for Cybersecurity Education (NICE): https://lnkd.in/dNBZxSH. NICE aims 𝘵𝘰 𝘦𝘯𝘦𝘳𝘨𝘪𝘻𝘦, 𝘱𝘳𝘰𝘮𝘰𝘵𝘦, 𝘢𝘯𝘥 𝘤𝘰𝘰𝘳𝘥𝘪𝘯𝘢𝘵𝘦 𝘢 𝘳𝘰𝘣𝘶𝘴𝘵 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘺 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘵𝘰𝘨𝘦𝘵𝘩𝘦𝘳 𝘵𝘰 𝘢𝘥𝘷𝘢𝘯𝘤𝘦 𝘢𝘯 𝘪𝘯𝘵𝘦𝘨𝘳𝘢𝘵𝘦𝘥 𝘦𝘤𝘰𝘴𝘺𝘴𝘵𝘦𝘮 𝘰𝘧 𝘤𝘺𝘣𝘦𝘳𝘴𝘦𝘤𝘶𝘳𝘪𝘵𝘺 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯, 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨, 𝘢𝘯𝘥 𝘸𝘰𝘳𝘬𝘧𝘰𝘳𝘤𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵. The cybersecurity market is growing and poised for sustained expansion. As subject matter experts, we are monitoring these developments closely and considering how they might shape the future of cybersecurity innovation and talent acquisition across industries. “The best time to train your workforce in cybersecurity was 20 years ago. The second best time is now.” Agree? 💬 #cybersecurity #defendandprotect #venturecapital #saas 🔔 Follow Evolution Equity Partners for regular insights on Cybersecurity and Venture Capital.

Concerned about cloud safety? Meet 𝗿𝘂𝗻𝘁𝗶𝗺𝗲 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆. It's like a bodyguard for your software, detecting suspicious activity in real time and stopping threats before they can cause damage. Here's how runtime security secures your cloud environment across 4 layers: 1️⃣ Infrastructure Layer: Monitors the underlying cloud infrastructure, including virtual machines, containers, and serverless functions that power cloud applications. 2️⃣ Network Layer: Analyzes network traffic patterns and behaviors to detect anomalies and potential threats. 3️⃣ Application Layer: Focuses on application-specific activities, monitoring APIs, user behaviors, and data access patterns. 4️⃣ Data Layer: Protects sensitive information by tracking data movement, access, and usage across the cloud environment. Each layer provides a crucial line of defense, working together to create a comprehensive runtime security strategy. We recently partnered with Sweet Security, a company specializing in cloud runtime security, investing $33 million in Series A funding to expand its suite of runtime security solutions, emphasizing detection, response, vulnerability management, API security, and more. Listen to co-founder Eyal Fisher talk about how their solutions help CISOs 👇 #defendandprotect #evolutionequity #cybersecurity #venturecapital #vc #investors Follow Evolution Equity Partners for more insights on cybersecurity and venture capital.

Global Cyber Threat Index Map 2024 Check Point Software’s 2024 Cybersecurity Report states that in 2023, hackers targeted 1 in 10 organizations globally for ransomware attacks. Key points from the report:  - 2023 saw significant changes in the cyber security landscape, with the evolving nature and scale of attacks - Cyber threats gained wider attention, from government agencies to the general public - New attack vectors emerged, targeting devices like routers and switches - Major organizations were hit by attacks using stolen credentials or malicious software - Artificial Intelligence (AI) played a more significant role in cyber attacks, particularly phishing campaigns - Some of the world’s major economies face significant cyber threats (see image below). Download Check Point Software’s full report here: https://lnkd.in/dFq-asVJ If you or someone you know has a strong track record in such categories, please contact Evolution Equity Partners. #cybersecurity #defendandprotect #saas #venturecapital

Evolution Cybersecurity TV Originals: Adam Keown is Global CISO at Eastman a Fortune 500 company based in Kingsport, Tennessee. In this episode, he joins host Steve Morgan to discuss some of the largest recent cyberattacks and data breaches. #EvolutionCybersecurityTV https://lnkd.in/ePvHmkN7

Do you still value growth over profitability in SaaS? 🤔 The Rule of 40 sets the industry standard for healthy growth, where the sum of the growth rate and profit margin should be 40% or above. However, as companies grow, maintaining high growth rates becomes more challenging, so they often focus on increasing profitability to maintain a good Rule of 40 score. We wrote about the importance of weighting growth vs. profitability based on the company's stage, economic environment, and investor preferences. Only ∼3% of companies can maintain high growth rates in large, concentrated markets. It wouldn’t be accurate to value growth as much as in earlier stages. Some tips on achieving the Rule of 40 as growth stalls:  1. Set realistic growth targets 2. Prioritize net retention (aim for 120% or more) 3. Optimize go-to-market spend 4. Look for strategic partnerships and acquisition opportunities 5. Use data-driven decision-making. Learn more about The Weighted Rule of 40 (and how to get there) on our Centers of Excellence blog post here: https://lnkd.in/e9HXsfRM #b2bsaas #growth #venturecapital #vc PS. 🔔 Follow Evolution Equity Partners for more insights on Cybersecurity and Venture Capital.

Join us in fabulous Las Vegas at Black Hat 2024 on Wednesday August 7th at a Cybersecurity VIP Recption held at the The Venetian Resort Las Vegas. We look forward to meeting with many cybersecurity entrepreneurs and executives at the show together with our partners Merlin Ventures and Glilot Capital Partners and in association with SafeLogic, CyberArk , Davis Polk & Wardwell LLP and HSBC Innovation Banking. #BlackHat2024 #Cybersecurity #EvolutionPortfolio

90% of data breaches in 2024 will likely include the human element. Regrettably, although they meet compliance standards, traditional Security Awareness and Training (SA&T) programs are inadequate in mitigating workforce-related cyber risks. This is a reality that more and more leaders are coming to terms with. We’ve discussed how Human Risk is quickly rising as a C-level concern.  (https://lnkd.in/ev4H6uJA) But there’s a significant shift in the category right now, led substantially by Evolution’s portfolio company CybSafe, by promoting 𝗛𝘂𝗺𝗮𝗻 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 (𝗛𝗥𝗠) as a more comprehensive approach to managing human-related cybersecurity risks. HRM goes beyond SA&T: - Identifying and influencing risky behaviors - Instilling a positive security culture - Moving beyond content and experiential learning - Measuring human risk factors through third-party data integrations - Implementing targeted behavioral, policy-based, and contextual interventions - Demonstrating impact on cyber risk reduction. Thanks to CybSafe, organizations can leverage data proactively regarding human-related cyber risk instead of entirely relying on reactive SA&T programs. We at Evolution Equity Partners couldn’t be more excited about the value they’re creating for enterprises worldwide amidst a challenging cybersecurity landscape. Learn more about CybSafe’s approach to Human Risk Management here: https://lnkd.in/eVF8TkV9 #cybersecurity #evolutionportfolio #saas #defendandprotect

Global supply chain cyber-attacks are projected to surpass $80.6 billion by 2026. How can software companies help customers reduce these financial losses? Implement DevSecOps DevSecOps is a framework that integrates security throughout software development (SDLC), fostering collaboration between developers, security, and operations. It's a cultural shift making security a shared responsibility for building secure applications faster. 👇 3 Reasons Why DecSecOps is Essential for Secure Software Delivery 1 /// Customers Have Higher Expectations  Security is no longer a checkbox to avoid trouble; it's a critical investment. Customers demand not just "secure-enough" products but the most secure options within their budget. 2 /// Shifting Security Left Secures Code Faster and Cheaper Security weaknesses are identified and addressed as code is written. This reduces lingering undetected vulnerabilities that become visible much later in development when they are more time-consuming and expensive to fix. 3 /// Breaking Down Silos Increases Developer Velocity Continuous collaboration between development, security, and operations teams seamlessly integrates security practices throughout the entire process. There's no longer the disruptive "security as an afterthought" problem often present in DevOps-only environments. According to a GitLab report, 58% of IT operations and security leaders said they have difficulty getting development to prioritize vulnerability remediation, underscoring the necessity of a DevSecOp approach. At EEP, we believe prioritizing security alongside development and operations is the way forward to deliver high-quality, secure applications that meet market demands. See below for a detailed breakdown of how the DevSecOp toolchain works 🛠️ Sources: Gartner, GitLab, and Juniper Research #cybersecurity #enterprise #saas #venturecapital #identity #privacy #data Want to stay on top of the latest trends in Cybersecurity? 🔔 Follow Evolution Equity Partners on LinkedIn. We share key insights and trends that affect the industry today.