Cybersecurity

Firm led by two ex-Marines closed on $148m for Fund III thanks to certification as a Critical Technology Fund by the US Small Business Administration and the Department of War.

'What is happening in the public markets lets us know the competitive landscape in the private market,' says Umesh Padval, who leads Seligman's new venture business.

The first GP to join the San Francisco-based VC firm since its founding, Rosenthal’s hire attests to AI being seen as a true platform embarking on a second wave of commercial impact.

New Mexico State Investment Council is one of the limited partners in Crossover Fund 9, the latest of the firm's funds designed to support companies from early-stage private fundings to public equity offerings.

As managing partner, Gil Shai will help gauge founders' ability to learn quickly about go-to-market strategy, and help them assess product-market fit and build their initial sales team.

Completion of more than two-thirds of Flagship Fund III's target size was accomplished in only seven weeks and is due to strong support from both existing and new LPs.

Limited partners in the Tel Aviv firm’s previous growth funds include Altschuler Shaham, Clal Insurance Enterprise Holdings, pension fund New Mivtachim, and fund of funds Cendana Capital.

The Las Vegas-based firm is leveraging its founders’ backgrounds to invest in cybersecurity, infrastructure, data and AI start-ups.

The ongoing shift from big, expensive military assets like battleships and fighter jets to smaller, more agile and less costly ones positions Anduril and other venture-backed companies to win more government and commercial contracts and draw more capital from investors.

Family offices are key venture-stage investors in defense-related technology as other LPs explore their options.