Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

SYN Ventures Closes $300M Fund for Cybersecurity Bets

SYN Ventures, a Florida-based venture capital firm placing early-stage bets in cybersecurity startups, has closed a new $300 million fund and announced the addition of serial entrepreneur Ryan Permeh as full-time operating partner.

SYN Ventures, a Florida-based venture capital firm placing early-stage bets in cybersecurity startups, has closed a new $300 million fund and announced the addition of serial entrepreneur Ryan Permeh as full-time operating partner.

SYN Ventures, which has already invested in more than a dozen security-focused startups, said the new fund will be used to target investments in cybersecurity, industrial security, national defense, privacy, regulatory compliance, and data governance companies.

The addition of Permeh as operating partner provides credibility to SYN Ventures as it looks to compete with a growing list of venture capital firms dedicated exclusively to information security investments.

Permeh is a serial entrepreneur and angel investor who co-founded and worked as Chief Scientist at Cylance, an anti-malware company that was acquired by BlackBerry in 2018.

Some of SYN’s investments include Adlumin, Boldend, Halcyon, Metabase Q, Netography, Pangea, Phosphorus, Query.ai, SecZetta, Sevco Security, ShiftLeft, SynSaber, TrackerDetect, Revelstoke and Transmit Security.

The news of SYN’s $300 million fund comes a few weeks after Israel’s YL Ventures announced its own $400 million fund that will be used to lead seed-stage rounds of approximately 10 startups at a pace of 3 startups per year.

Related: BlackBerry to Acquire Cylance for $1.4 Billion in Cash

Related: YL Ventures Closes $400 Million Cybersecurity Investment Fund

Related: ForgePoint Capital Closes $450M Cybersecurity Investment Fund

Related: Pangea Lands $25 Million Investment for API Security Services

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cyberwarfare

Websites of German airports, administration bodies and banks were hit by DDoS attacks attributed to Russian hacker group Killnet

Data Breaches

GoTo said an unidentified threat actor stole encrypted backups and an encryption key for a portion of that data during a 2022 breach.

Network Security

NSA publishes guidance to help system administrators identify and mitigate cyber risks associated with transitioning to IPv6.

CISO Strategy

Cybersecurity-related risk is a top concern, so boards need to know they have the proper oversight in place. Even as first-timers, successful CISOs make...

Nation-State

The North Korean APT tracked as TA444 is either moonlighting from its previous primary purpose, expanding its attack repertoire, or is being impersonated by...

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Malware & Threats

Microsoft plans to improve the protection of Office users by blocking XLL add-ins from the internet.