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Venture Capital
thomvest.com

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Investments

130

Portfolio Exits

28

Partners & Customers

1

About Thomvest Ventures

Thomvest Ventures is a $250mm early to growth stage venture fund focused on investing in advertising technology, financial technology, SaaS, and security. Most of the startups we invest in are on the West Coast, primarily in Silicon Valley.

Thomvest Ventures Headquarter Location

203 Redwood Shores Parkway Suite 680

Redwood City, California, 94065,

United States

650-965-4700

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Research containing Thomvest Ventures

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CB Insights Intelligence Analysts have mentioned Thomvest Ventures in 1 CB Insights research brief, most recently on Oct 30, 2019.

Latest Thomvest Ventures News

CyCognito Secures $100M To Accelerate Next Evolution Of Attack Surface Management

Dec 3, 2021

Share Company gives Fortune 500 companies including Colgate-Palmolive, Tesco and Scientific Games Corporation full visibility and context into risk to preempt potential attacks CyCognito announced it has raised a $100 million Series C funding round led by The Westly Group—just 3.5 years after the company was founded in 2017. New investors Thomvest Ventures and The Heritage Group joined the round alongside existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest. This new financing round brings the company’s total amount raised to $153 million. “Our number one priority is to provide global enterprises with world-class attack surface protection,” said Rob Gurzeev , CEO and co-founder, CyCognito. “That’s why we’ve developed the industry’s most dynamic, intelligent platform for comprehensive external attack surface management. Our proactive approach to discovering and prioritizing risk is unmatched in the industry and provides security teams with the insight and confidence to quickly preempt potential attacks.” A Modern Approach to Attack Surface Management & Protection The CyCognito platform is the first external Attack Surface Management platform that delivers a complete solution to quickly prioritize, investigate, and respond to potential security risks. Leveraging the latest advancements in Machine Learning (ML) and Natural Language Understanding (NLU), the platform autonomously builds a graph data model that portrays an organization’s business structure—from the company’s name to the hundreds of departments, subsidiaries, acquisitions and brands an organization owns. The platform then scans billions of servers and devices across the Internet to contextualize and identify internet-exposed and unmanaged assets that could serve as entry points for attackers. Several Fortune 500 companies, including Colgate-Palmolive, Tesco and Scientific Games Corporation, as well as government groups like the State of California, are using the CyCognito platform to autonomously discover, test and contextualize security threats before they happen. Related Posts “Protecting our partners and customers is important to us,” said  Alex Schuchman  Chief Information Security Officer, Colgate-Palmolive Company. “CyCognito provides our company with cutting-edge technology, giving our team visibility into all our web-facing assets globally in an easy-to-use interface. CyCognito is superior to any other attack surface management tools we’ve used. This technology gives us the opportunity to effectively remediate the identified security risks and rapidly improve our company’s security posture.” This round of financing comes on the heels of significant growth in revenue and customer adoption. In the last 12 months, the company generated 4x in new ARR and also grew its Fortune 500 customer roster by 3x—underscoring worldwide demand for its leading Attack Surface Management platform. As the world evolves and businesses innovate, the need to protect critical infrastructure and attack surfaces becomes more critical,” said Steve Westly, Founder and Managing Partner, The Westly Group. “We represent many of the world’s largest energy and transportation companies. CyCognito’s next-gen approach to attack surface management couldn’t come at a better time, with virtually every organization making the shift to digital transformation and supporting remote and hybrid workforces. We believe CyCognito is the clear leader protecting businesses around the world with a comprehensive attack surface management platform.” “We are thrilled to be an investor and part of the CyCognito family,” said Umesh Padval , Venture Partner at Thomvest Ventures. “Rob’s experience at Unit 8200 at the Israeli Intelligence thinking like an attacker and developing defenses, the comprehensive attack surface management platform CyCognito has developed that addresses a major pain-point for customers, and the strong team Rob has assembled are the key reasons for our investment in CyCognito.”

Thomvest Ventures Investments

130 Investments

Thomvest Ventures has made 130 investments. Their latest investment was in CyCognito as part of their Series C on December 12, 2021.

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Thomvest Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/1/2021

Series C

CyCognito

$100M

Yes

10

10/21/2021

Seed VC

Telivy

$2.5M

Yes

2

10/4/2021

Series D

Ladder

$100M

No

4

9/15/2021

Series B

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$99M

Subscribe to see more

10

9/15/2021

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/1/2021

10/21/2021

10/4/2021

9/15/2021

9/15/2021

Round

Series C

Seed VC

Series D

Series B

Seed VC - II

Company

CyCognito

Telivy

Ladder

Subscribe to see more

Subscribe to see more

Amount

$100M

$2.5M

$100M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

10

2

4

10

10

Thomvest Ventures Portfolio Exits

28 Portfolio Exits

Thomvest Ventures has 28 portfolio exits. Their latest portfolio exit was ecobee on November 01, 2021.

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

11/1/2021

Acquired

$991

20

2/12/2021

IPO

$991

1

8/17/2020

Acquired

19

00/00/0000

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Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

11/1/2021

2/12/2021

8/17/2020

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

20

1

19

10

10

Thomvest Ventures Acquisitions

1 Acquisition

Thomvest Ventures acquired 1 company. Their latest acquisition was Public Mobile on June 06, 2013.

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

6/6/2013

Unattributed VC

$75.95M

Acq - Fin

1

Date

6/6/2013

Investment Stage

Unattributed VC

Companies

Valuation

Total Funding

$75.95M

Note

Acq - Fin

Sources

1

Thomvest Ventures Partners & Customers

1 Partners and customers

Thomvest Ventures has 1 strategic partners and customers. Thomvest Ventures recently partnered with Lending Club on September 9, 2011.

Date

Type

Business Partner

Country

News Snippet

Sources

9/8/2011

Partner

Lending Club

United States

1

Date

9/8/2011

Type

Partner

Business Partner

Lending Club

Country

United States

News Snippet

Sources

1

Thomvest Ventures Team

4 Team Members

Thomvest Ventures has 4 team members, including current Managing Director, Donald Butler.

Name

Work History

Title

Status

Peter J. Thomson

Founder

Current

Donald Butler

Asia Pacific Ventures, and Lehman Brothers

Managing Director

Current

Stefan V Clulow

Managing Director

Current

Francis P Noronha

President

Former

Name

Peter J. Thomson

Donald Butler

Stefan V Clulow

Francis P Noronha

Work History

Asia Pacific Ventures, and Lehman Brothers

Title

Founder

Managing Director

Managing Director

President

Status

Current

Current

Current

Former

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