Predict your next investment

Venture Capital
FINANCE | Investment Firms & Funds
techpioneersfund.com

See what CB Insights has to offer

Investments

6

Funds

2

About Tech Pioneers Fund

Tech Pioneers Fund is an independent and membership-driven venture capital fund investing in technology companies.

Tech Pioneers Fund Headquarter Location

3000 Sand Hill Rd Building 1, Suite 140

Menlo Park, California, 94025,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Tech Pioneers Fund Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Tech Pioneers Fund Rank

Latest Tech Pioneers Fund News

Semperis raises over $200 million to drive innovation in the identity system defense market

May 26, 2022

Semperis raises over $200 million to drive innovation in the identity system defense market Semperis announced it has raised over $200 million in Series C funding led by KKR, with participation from Ten Eleven Ventures, Paladin Capital Group, Atrium Health Strategic Fund, Tech Pioneers Fund, and existing investors including Insight Partners. Semperis is the fastest-growing cybersecurity company in America per the Financial Times 2022 ranking. The new funding will help enable Semperis to accelerate hiring across all functions globally to better support its expanding customer base, with an emphasis on its identity-focused incident response team. Identity systems such as Microsoft Active Directory (AD) and Azure AD, used in over 90% of enterprises, are coming under sustained attack. With its multi-layered defense approach before, during, and after an attack, Semperis offers the industry’s most comprehensive security technology for hybrid AD and other identity systems, combined with incident response expertise. “From day one, Semperis has been on a mission to be a force for good,” said Semperis CEO Mickey Bresman, who co-founded Semperis along with Guy Teverovsky and Matan Liberman. “With Semperis’ multi-layered identity protection, organizations can fend off cyber attacks without being forced to choose between two bad options: paying the criminals or getting shut down. With the combined experience that KKR, Ten Eleven Ventures, Insight Partners, and other esteemed investors in this round bring scaling high-growth cybersecurity companies, we have an elite group of strategic partners in our corner to help advance our mission.” KKR is investing in Semperis through its Next Generation Technology Growth Fund II, a fund dedicated to growth equity investment opportunities in the technology space. Ben Pederson, Director on KKR’s Tech Growth team, has joined Semperis’ Board of Directors. “A very dedicated customer base, including a growing number of the largest organizations in the world, trust Semperis to defend their critical identity systems from cyberattacks,” said Ben Pederson. “The vast majority of attacks today are identity-based, targeting credentials to infiltrate businesses. Semperis’ leading identity protection technology and incident response expertise are delivering category-defining innovation, and KKR is proud to back their mission.” In addition to scaling its staff, Semperis is dedicating a significant portion of the funding round to research and development to drive further innovation in the identity system defense market, focusing on its Directory Services Protector platform, which Gartner categorizes as an identity threat detection and response (ITDR) solution. Gartner included ITDR in its top cybersecurity trends for 2022, noting that credential misuse is a primary method attackers use to access systems and achieve their goals. “Semperis is driving innovation in one of the most historically overlooked but critical areas of cybersecurity: identity system defense,” said Ten Eleven Ventures Founder and General Partner, Mark Hatfield. “This new funding round, among the largest cybersecurity raises so far in 2022, will enable Semperis to continue to grow its commanding position in this increasingly important market segment.” “We’re thrilled to participate in another funding round with Semperis and continue to offer support for our mutually successful strategic partnership,” said Insight Partners Managing Director, Teddie Wardi. “We believe in Semperis’ unique approach of securing the foundational identity infrastructure, which combines industry-leading technology and incident response support to offer customers a complete identity system defense.” Frost & Sullivan awarded Semperis the 2022 Competitive Strategy Leadership Award based on the company’s innovation and customer impact in the global AD security and recovery market. “Semperis has unmatched experience in breach preparedness and incident response to Active Directory and other identity-based cyberattacks,” said Frost & Sullivan Industry Principal, Sarah Pavlak. “Semperis’ solution-based approach focuses not only on their premier technology to meet customer challenges but also best practices and guidance for people and processes, setting them apart from their competitors.” Daily Newsletter - E-mail sent every business day with a recap of the last 24 hours Weekly Newsletter - E-mail sent every Monday with a recap of the last 7 days (IN)SECURE Magazine - E-mail sent when a new issue is released

Tech Pioneers Fund Investments

6 Investments

Tech Pioneers Fund has made 6 investments. Their latest investment was in Semperis as part of their Series C on May 5, 2022.

CBI Logo

Tech Pioneers Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/24/2022

Series C

Semperis

$200M

Yes

13

12/20/2021

Series A

Subscribe to see more

Subscribe to see more

10

9/14/2021

Series E

Subscribe to see more

$99M

Subscribe to see more

10

1/12/2021

Series C

Subscribe to see more

$99M

Subscribe to see more

10

9/15/2020

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/24/2022

12/20/2021

9/14/2021

1/12/2021

9/15/2020

Round

Series C

Series A

Series E

Series C

Series B

Company

Semperis

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$200M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

13

10

10

10

10

Tech Pioneers Fund Fund History

2 Fund Histories

Tech Pioneers Fund has 2 funds, including Tech Pioneers Fund SPV IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/30/2020

Tech Pioneers Fund SPV IV

$14M

2

3/27/2020

Tech Pioneers Fund

$99M

10

Closing Date

3/30/2020

3/27/2020

Fund

Tech Pioneers Fund SPV IV

Tech Pioneers Fund

Fund Type

Status

Amount

$14M

$99M

Sources

2

10

Tech Pioneers Fund Team

1 Team Member

Tech Pioneers Fund has 1 team member, including current Managing Partner, Bob Chicoski.

Name

Work History

Title

Status

Bob Chicoski

Saturn Partners

Managing Partner

Current

Name

Bob Chicoski

Work History

Saturn Partners

Title

Managing Partner

Status

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.