Home PC News Cybersecurity Luminaries from Microsoft, Intuit, Zscaler and Kraft Heinz join YL Ventures’...

Cybersecurity Luminaries from Microsoft, Intuit, Zscaler and Kraft Heinz join YL Ventures’ Growing Venture Advisory Board to Guide Israeli Cybersecurity Startups to Success

Advisory now tops 85+ CISOs from Fortune 100 and high-growth tech companies

SAN FRANCISCO & TEL AVIV, Israel–(BUSINESS WIRE)–July 7, 2020–

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YL Ventures, the outstanding seed-stage international enterprise capital agency investing in Israeli cybersecurity startups, as we speak introduced important growth of its industry-leading Venture Advisory Board. Its membership now exceeds 85 international CISOs and cybersecurity executives from Fortune 100 and high-growth firms. New Venture Advisors embody Edna Conway, VP & GM, Global Security, Risk & Compliance, Azure at Microsoft; Ricardo Lafosse, CISO at The Kraft Heinz Company; Stan Lowe, Global CISO at Zscaler; Patricia Titus, Chief Privacy & Information Security Officer at Markel Corporation, Elwin Wong, Group VP & CISO at Ross Stores and different executives hailing from HPE, Optiv, GSK, HashiCorp, Atlassian, Burberry, Campbell Soup Company, the NHL, Nielsen and extra.

This press launch options multimedia. View the total launch right here: https://www.businesswire.com/news/home/20200707005289/en/

YL Ventures today announced significant expansion of its industry-leading Venture Advisory Board. Its membership now exceeds 85 global CISOs and cybersecurity executives from Fortune 100 and high-growth companies. (Photo: Business Wire)

YL Ventures as we speak introduced important growth of its industry-leading Venture Advisory Board. Its membership now exceeds 85 international CISOs and cybersecurity executives from Fortune 100 and high-growth firms. (Photo: Business Wire)

Determined to diversify its expertise pool of specialists, YL Ventures is very dedicated to growing its illustration of ladies. While an absence of gender range plagues STEM fields normally, it’s particularly pronounced wherever laptop science and safety are involved and has solely been compounded by the {industry}’s long-standing human capital scarcity. In addition to these talked about above, the agency has added to its advisory ranks ladies who’re main the cost for cybersecurity innovation. Foremost amongst them are Roota Almeida, CISO at Delta Dental of New Jersey and Connecticut; Stacey Halota, VP, Information Security & Privacy at Graham Holdings; Dawn-Marie Hutchinson, Security Transformation Executive at GSK; Shannon Lietz, Leader & Director, DevSecOps at Intuit; Tammy Moskites, CEO & Founder of CyAlliance (former Managing Director at Accenture); Sherry Ryan, VP, CISO at Juniper Networks; and others.

The Venture Advisory Board, launched in 2018, displays YL Ventures’ distinctive deal with bridging the hole between Israeli innovation and U.S. finish markets. It supplies Israeli cybersecurity entrepreneurs with the instruments for achievement in a aggressive international market and helps form cybersecurity know-how that tackles market-critical wants. In return, CISOs achieve an early look into the most recent developments in cybersecurity innovation. These significant relationships typically become gross sales and long-lasting partnerships. In the case of Sounil Yu, former Chief Security Scientist at Bank of America, it resulted in him joining YL Ventures as its full-time CISO-in-Residence, offering the agency’s portfolio firms with hands-on help and an in-house lens into their prospects’ wants.

Venture Advisors assist the agency vet investments and assist YL Ventures portfolio founders outline their technique to resonate with buyer wants and navigate the dynamic cybersecurity market panorama. Venture Advisors are leveraged to counterpoint entrepreneurs’ ideation processes earlier than funding, share important insights and information the agency’s portfolio firms on product improvement, product-market match and go-to-market methods, in addition to present steady help all through the businesses’ lifecycle. These advisors typically signal on as official firm advisors, design companions or future prospects.

“Security and privacy remain top of mind for businesses, especially in today’s global remote work environment. I continue to be impressed by the talent and ingenuity that comes out of the Israeli cybersecurity sector-especially those that have been vetted by industry veterans like YL Ventures,” says Lakshmi Hanspal, Global CISO of Box. “It’s a real privilege to have the opportunity to help such promising founders shape their visions into reality. There’s a symbiotic learning relationship that takes place in such engagements.”

“CISOs are approached hundreds of times a day by cybersecurity vendors and it’s a job in and of itself to sort through what can be an overwhelming amount of noise. Working with YL Ventures and companies in their pipeline allows me to help the next generation of solutions learn how to really address my needs, rise above the competition and ultimately have the privilege of speaking with some really brilliant teams,” says Justinian Fortenberry, CISO at GrubHub.

Having skilled cybersecurity leaders supplies entrepreneurs with a strategic benefit for navigating these unsure instances, given the COVID-19 pandemic’s impact on the worldwide market and ensuing modifications in buyer conduct. Despite these modifications, the cybersecurity {industry} continues its regular rise of the previous decade and has entrenched itself as an important a part of C-Suite discourse. YL Ventures’ early identification of this promising development led them to refocus its total funding technique in direction of the cybersecurity market space-a technique that has confirmed clever because the cybersecurity {industry} not solely rapidly bounced again from the latest market stoop, but in addition constantly outperformed the S&P 500.

Commenting on this development, Avi Shua, CEO & Co-founder of YL Ventures’ portfolio firm Orca Security, factors out that “The world of cybersecurity is growing more competitive and unfamiliar given recent events, placing the onus on investors to go the extra mile for their portfolio companies. YL Ventures’ real-world multidisciplinary team and extensive advisors network of industry experts guide their entrepreneurs through every step of company-building and provide assurance that the firm is fully committed to getting their hands dirty alongside us.”

YL Ventures Partner John Brennan, who oversees portfolio enterprise improvement from the agency’s San Francisco places of work, says “YL Ventures-funded companies have seen immense success with this program, where engagement starts as early as their ideation phases. Our advisors’ expert input leads to stronger messaging, accelerates product development and creates a steady stream of feedback from the people actually responsible for protecting their organizations. The size and versatility of our advisory board ensures that we can provide actionable advice for entrepreneurs, regardless of stage or focus within the cybersecurity space — and it all starts pre-investment.”

Media Resources

About YL Ventures

YL Ventures funds and helps sensible Israeli tech entrepreneurs from seed to guide. With headquarters in Silicon Valley and satellite tv for pc places of work in Tel Aviv, YL Ventures manages $270 million and focuses on cybersecurity. YL Ventures accelerates the evolution of portfolio firms by way of strategic recommendation and U.S.-based operational execution, leveraging a robust community of CISOs and international {industry} leaders. The agency’s observe report contains profitable, high-profile portfolio firm acquisitions by main firms together with Palo Alto Networks, Microsoft, CA and Proofpoint.

Heading the fund is Silicon Valley-based Managing Partner Yoav Andrew Leitersdorf, a serial entrepreneur and early-stage investor for over 25 years. Yoav works alongside Partner John Brennan within the U.S., whereas Partner & Head of Israeli Office Ofer Schreiber leads the Tel Aviv workplace along with CMO, Sharon Seemann. With a multidisciplinary staff of 15 unfold throughout two places of work, YL Ventures has engrained itself in each the U.S. and Israeli cybersecurity ecosystems.

Montner Tech PR
Deb Montner
[email protected]
203-226-9290

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