Investments
64Portfolio Exits
11Partners & Customers
10
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Latest Accenture Ventures News
May 21, 2023
The specific financial details of the investment were not disclosed. Headquartered in Reston, Virginia, SpiderOak offers the OrbitSecure product suite, which brings the concept of zero-trust security to zero gravity environments. OrbitSecure utilizes a combination of no-knowledge encryption and distributed ledger technology to address the unique cybersecurity challenges in space. The product suite includes a decentralized key management system that ensures continuous operations and availability in space, even in disconnected or highly contested networks. This enhances resiliency for mesh proliferated low-Earth orbit networks, reducing the attack surface and mitigating opportunities for adversaries to disrupt, modify, or interfere with space communications and satellite services. Photo courtesy of Braveman2/Wikimedia Commons. Accenture’s Technology Vision 2023 report highlights that 99% of survey respondents anticipate advancements in science and technology to impact their organizations’ business processes in the next three to five years. As the number of satellites in space increases rapidly, both in government and commercial sectors, there is a growing need for a secure, hybrid, multi-party environment designed with strong cybersecurity measures. Enterprises must prioritize cybersecurity as emerging technologies drive scientific advancements and transform business operations, said Accenture. Tom Patterson — Accenture Quantum and Space Security lead said: “Cybersecurity cannot be an add on, option, or silo in space. To protect and enable our future, we must give cybersecurity the same priority in space as it has now throughout critical infrastructure on the ground. “Working with SpiderOak, we can help our clients put zero trust security into zero gravity and take strategic advantage of these developments to transform their businesses in coming years, and ultimately the futures of their industries.” SpiderOak is the latest addition to Accenture Ventures’ Project Spotlight, an engagement and investment program focused on emerging technology companies that can address strategic innovation needs for the Global 2000 companies. Dave Pearah — SpiderOak CEO said: “As organizations look for solutions to innovate at speed with the rate of growth in space, SpiderOak is well positioned to empower commercial and government customers with our revolutionary cybersecurity platform for space communications. “We believe our participation in Accenture Project Spotlight, combined with Accenture’s deep experience with leading companies in the aerospace and defense industry and commitment to space innovation and security, will help drive increased awareness and adoption of our secure end-to-end satellite security offerings.”
Accenture Ventures Investments
64 Investments
Accenture Ventures has made 64 investments. Their latest investment was in SpiderOak as part of their Series C - II on May 5, 2023.

Accenture Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/18/2023 | Series C - II | SpiderOak | Yes | 2 | ||
5/10/2023 | Series B - III | Stardog | Yes | 2 | ||
4/12/2023 | Seed VC - II | Virtonomy | Yes | 2 | ||
2/17/2023 | Series A | |||||
2/7/2023 | Series B - II |
Date | 5/18/2023 | 5/10/2023 | 4/12/2023 | 2/17/2023 | 2/7/2023 |
---|---|---|---|---|---|
Round | Series C - II | Series B - III | Seed VC - II | Series A | Series B - II |
Company | SpiderOak | Stardog | Virtonomy | ||
Amount | |||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 2 |
Accenture Ventures Portfolio Exits
11 Portfolio Exits
Accenture Ventures has 11 portfolio exits. Their latest portfolio exit was Imburse Payments on January 05, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/5/2023 | Acquired | 25 | |||
11/1/2022 | Acquired | 1 | |||
8/24/2022 | Acquired - II | 3 | |||
Date | 1/5/2023 | 11/1/2022 | 8/24/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired - II | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 25 | 1 | 3 |
Accenture Ventures Acquisitions
1 Acquisition
Accenture Ventures acquired 1 company. Their latest acquisition was ARCA on November 22, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
11/22/2020 | Series A | $14M | Acquired | 1 |
Date | 11/22/2020 |
---|---|
Investment Stage | Series A |
Companies | |
Valuation | |
Total Funding | $14M |
Note | Acquired |
Sources | 1 |
Accenture Ventures Partners & Customers
10 Partners and customers
Accenture Ventures has 10 strategic partners and customers. Accenture Ventures recently partnered with VMware on December 12, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
12/14/2021 | Partner | United States | Empower Data to Gain Scale in VMware Cloud James Forrester , VP Worldwide Technical Leader , Cloud Sales at VMware , and Philippe Chauffard , Senior Managing Director Cloud First at Accenture , discuss the expanded partnership between VMware and Accenture , including a new Cloud First Accenture dedicated to helping organizations accelerate cloud adoption and application modernization at scale . | 1 | |
9/7/2021 | Client | India | Shoppers Stop Selects Accenture to Help Advance Its Digital Commerce Transformation Journey. content ... MUMBAI ; Sept. 07 , 2021 -- Shoppers Stop Limited Ltd , one of India 's leading retailer of fashion and beauty brands , is collaborating with Accenture to accelerate its digital commerce transformation across multiple retail channels . | 1 | |
8/6/2019 | Partner | Sri Lanka | Accenture to Support Brandix Accelerate Journey to “Future-Ready” Its Operations. Manish Sharma , group operating officer for Accenture , said , `` We look forward to continuing our ongoing collaboration with Brandix -- which began in 2013 -- to transform its processes leveraging our global expertise in data science , analytics , consulting , strategy and operations . | 1 | |
2/26/2019 | Partner | ||||
1/8/2019 | Partner |
Date | 12/14/2021 | 9/7/2021 | 8/6/2019 | 2/26/2019 | 1/8/2019 |
---|---|---|---|---|---|
Type | Partner | Client | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | India | Sri Lanka | ||
News Snippet | Empower Data to Gain Scale in VMware Cloud James Forrester , VP Worldwide Technical Leader , Cloud Sales at VMware , and Philippe Chauffard , Senior Managing Director Cloud First at Accenture , discuss the expanded partnership between VMware and Accenture , including a new Cloud First Accenture dedicated to helping organizations accelerate cloud adoption and application modernization at scale . | Shoppers Stop Selects Accenture to Help Advance Its Digital Commerce Transformation Journey. content ... MUMBAI ; Sept. 07 , 2021 -- Shoppers Stop Limited Ltd , one of India 's leading retailer of fashion and beauty brands , is collaborating with Accenture to accelerate its digital commerce transformation across multiple retail channels . | Accenture to Support Brandix Accelerate Journey to “Future-Ready” Its Operations. Manish Sharma , group operating officer for Accenture , said , `` We look forward to continuing our ongoing collaboration with Brandix -- which began in 2013 -- to transform its processes leveraging our global expertise in data science , analytics , consulting , strategy and operations . | ||
Sources | 1 | 1 | 1 |
Accenture Ventures Team
2 Team Members
Accenture Ventures has 2 team members, including current President, Managing Director, Thomas M. Lounibos.
Name | Work History | Title | Status |
---|---|---|---|
Thomas M. Lounibos | President, Managing Director | Current | |
Name | Thomas M. Lounibos | |
---|---|---|
Work History | ||
Title | President, Managing Director | |
Status | Current |
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