The latest from the /Forefront/ - Forgepoint Capital International launches; our Fall 2024 Advisory Council Meeting and Dinner; Anitian's Series D; introducing Forgepoint Foreward, and more breakthroughs and insights across the Forgepoint team and portfolio.
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October - November 2024

Fall has been an action-packed. We launched Forgepoint Capital International, hosted our Fall 2024 Advisory Council Meeting and Dinner, and recognized this year's Impact Award recipients: thank you Aaron Hughes, Elena Kvochko, and Jerry Kowalski. Anitian announced a successful $7M Series D round while Hyperproof joined the portfolio. We welcomed three new leaders to our Global Advisory Council: Justin Foster, Hector Saldaña, and Sandip Wadje. Meanwhile, the Forgepoint team and portfolio continue to share insights, including forward-looking new research reporting of our own. Enough of the prelude- sit back, relax, and enjoy our not-so-brief review of what's been happening on the forefront of cybersecurity, AI, and infrastructure innovation! 

Announcing Forgepoint Capital International

forgepoint international

We announced our global expansion into Europe, Latin America and Israel! Read the Bloomberg exclusive, coverage in Preqin, and Leo Casusol's blog for more on our next phase of growth. Please join us in officially welcoming Damien Henault, Michael Cortez, and Jaime Goyarrola aboard as they lead our efforts from London, Madrid, and Paris! We are also expanding our Advisory Council to inform our theses and provide strategic guidance to portfolio entrepreneurs. 

Financings and M&A

anitian_logo_blue_highres

Anitian, leaders in compliance automation, announced $7M in Series D financing led by Sageview Capital with continued support from Forgepoint. Funding will accelerate the launch of Anitian's AI-driven automation and Platform-as-a-Service (PaaS) to reduce the time and cost of attaining FedRAMP and CMMC compliance. Anitian also announced new CEO Chris Finan. Read the press release. Congratulations to Chris, Tom Kelly, Anitian, and Sageview Capital!

hyperproof logo-1

 

Hyperproof, providers of next gen automated security assurance and compliance operations, joined the Forgepoint family. Welcome Craig Unger and the Hyperproof team!

Fall 2024 Advisory Council Meeting and Dinner

Advisory Council

We held our Fall 2024 Advisory Council Meeting, our annual invite-only gathering of 150+ stakeholders across the Forgepoint community. Designed to spark learning and cultivate collaboration, our portfolio CEOs, Advisory Council members, and other industry leaders, government executives, select co-investors, partners, and experts enjoyed a full program, networking, cocktails, and dinner. Read the recap.

Billy Gouveia

As part of our program, Billy Gouveia, CEO and Founder of leading incident response firm Surefire Cyber, presented on The Anatomy of a Ransomware Attack. Learn more in his guest blog. 

Winners

Congratulations to this year's 2024 Impact Award recipients recognized at our celebration dinner: Aaron Hughes: Catalyst; Elena Kvochko: Trailblazer; and Jerry Kowalski: All-star. Read about our award winners.

 

Special thanks to our speakers and guests for your insights and participation. Here’s to your continued leadership and all you do to advance innovation! 

Advisory Council Updates

Please join us in welcoming these distinguished new members to our Global Advisory Council:

Justin Foster

Justin Foster, CTO of Forescout and former CTO and Co-Founder of Cysiv (acq. Forescout). Justin leads global Research and Development at Forescout and has over 25 years of experience in information security, encompassing server and cloud security, network security, security analytics, and encryption. Previously, he was the CTO and Co-founder of Cysiv, a SOC as a Service provider, and prior to that he held engineering, product management, and go to market roles at Trend Micro. Justin held the Certified Information Systems Security Professional (CISSP) certification for 15 years and has an Advanced Executive Certificate in General Management from Queen’s University.

Hector Saldana

Hector Saldaña, Co-founder & Sr. Managing Partner, Inventity & Sr. Advisor, Ballistic Ventures. Hector Saldaña is a world-business integrator, with a track record of international success, profit-enhancing partnerships, insightful strategy development, and a keen ability to successfully navigate the corporate world across contexts. A business veteran who quickly proved his worth early on at Apple, Hector is a global business development leader with extensive experience in Latin America and Asia, including Japan. His creative, entrepreneurial spirit and executive management skills have led to numerous accomplishments in company formation and venture investing in the technology industry.

sandip-wadje-bnpparibas

Sandip Wadje, Managing Director and Head of Emerging Technology Risks at BNP Paribas. With over 23 years of experience in cybersecurity, IT risk, and compliance, Sandip Wadje specializes in Cloud, AI, and Digital Assets. He excels in simplifying complex risks, driving transformative change, and influencing Fortune 500 stakeholders to enhance their technology and cyber initiatives. Recognized for shaping regulatory guidelines, he actively shares insights with industry forums and regulators. Sandip has led global teams, developed Centers of Excellence, and advanced cutting-edge technologies, earning a reputation as a leader in managing diverse, high-impact portfolios.

Headlines and Media

bloomberg

Forgepoint Announces New European Hub to Focus on Cyber, AI (Bloomberg News)

preqin logo

Cybersecurity VC Forgepoint opens in Europe to address growth funding gap (Preqin)

Introducing Forgepoint Forward

24-Forgepoint-AIGovernance-Cover-thumbnail-1

We are excited to release the first edition of Forgepoint Forward for Q4 2024: What’s Ahead in AI Governance Forgepoint Forward is a new quarterly series that captures critical categories for innovation and investment. Created for entrepreneurs, information security leaders, and the broader technology community, each report combines extensive primary and secondary research along with insights from experts across our community. Read our blog with takeaways and the full report on the state of the AI Governance market.

Team Updates

18enise

Damien Henault and Casilda Angulo spoke at #18ENISE in León, Spain, hosted by INCIBE - Instituto Nacional de Ciberseguridad. Damien shared insight on The Future of Cybersecurity: What Investors are Looking For while Casilda gave guidance on How to Make a High-Impact Deck for International Investors.

andrew nsi

Andrew McClure was promoted from Fellow to Senior Fellow at the National Security Institute in recognition for his ongoing contributions to the work of the NSI's Cyber and Tech Center.

michael hsbc

Michael Cortez spoke on the VC Insights, Funding the Future panel at HSBC's Cybersecurity Innovation Day in New York City, while Ernie Bio spoke at the San Francisco Cybersecurity Innovation Day. 

rey kirton podcast episode

Rey Kirton appeared as a guest on the Secure Talk podcast and spoke with Strike Graph Co-Founder and CEO Justin Beals about the significance of listening attentively to customer feedback, industry patterns, emerging themes like edge computing and AI, and more. Listen to the episode here. 

karl netdiligence

Karl Sharman spoke about the power of networking and LinkedIn for career development at the recent NetDiligence Cyber Risk Conference in Philadelphia. Converge Insurance, CyberCube, and Surefire Cyber were also there, with team members speaking on panels and meeting with attendees. 

The Latest Insights

Vinnie Liu

In Episode 14 of the Forgecast, Vinnie Liu, CEO and Co-Founder of Bishop Fox, speaks with Ernie Bio about working with the NSA at 17, co-founding and bootstrapping Bishop Fox, deciding to pursue venture funding, what it takes to build a customer-centric business, developing a scalable offensive security platform, trends in Gen AI and enterprise resiliency, and more.

Cait Conley

In Episode 15 of the Forgecast, Cait Conley, Senior Advisor to the Director of CISA, sits down with Andrew McClure in a special pre-election episode to discuss US election security, the current threat landscape, CISA’s work to secure elections and bolster public confidence and trust, the critical role state and local election officials play, and more.  

ricardo forgecast

In Episode 16 of the Forgecast, Ricardo Villadiego, CEO and Founder of Lumu, speaks with Leo Casusol about his early career, overcoming obstacles as a Colombia-based cybersecurity entrepreneur, venturing into international markets, using AI at Lumu to make “magic” and uncover network threats, shifting to meet the evolving landscape, SecOps automation, advice for entrepreneurs, and more.

TIPS GRAPHIC 2024

TIPS #21: The Disinformation/Misinformation Dual Threat

Dr. Shane Shook explains how companies are at risk of disinformation and misinformation and what to do about this dual threat, featuring Constella Intelligence and Surefire Cyber. 

 

TIPS #22: The IGA-IAM-UEBA Triad for Identity-First Security

Dr. Shane Shook discusses foundational identity-first security and how companies should strengthen their fundamentals, featuring 1Kosmos, AKA Identity, SolCyber, SPHERE, Strata Identity, and Uptycs.

Portfolio Company Updates

cybercube intelligent insurer 2025 finalist

CyberCube has been named a Cyber Insurance Technology Provider of the Year finalist at Intelligent Insurer's Cyber Insurance Awards Europe 2025. Congratulations to the team!

lynx cb insights

Lynx was named to CB Insights' Fintech 100 list, a showcase of the world's 100 most promising private fintech companies. Congratulations to Lynx for the recognition!

reversinglabs DevSecOps award finalist 2024

ReversingLabs is a finalist in the 2024 DevOps Dozen Awards for best DevSecOps solution. Public voting is open until December 31- you can vote for ReversingLabs Spectra Assure in section 15!


BREAKTHROUGHS


NowSecure announced expanded support for NowSecure Pen Testing as a Service (PTaaS) to include TV and Gaming Apps.

 

Nudge Security launched an Okta connected app to help companies harden their identity infrastructure. 

 

Rafay debuted new platform capabilities to speed up GPU infrastructure consumption and monetization.

 

Surefire Cyber identified SafePay as an emerging ransomware operator in a recent article.

 

Symmetry Systems CEO Mohit Tiwari led researchers at the Spark Research Lab at University of Texas at Austin to discover ConfusedPilot, a novel attack method on RAG-based AI systems.

 

 

PARTNERSHIPS


Constella Intelligence collaborated with Proton on an investigation into the cybersecurity risks faced by Danish, Dutch, and Luxembourgish politicians.

 

Converge Insurance partnered with Integrated Health Systems and Insurance Services to offer enhanced cybersecurity and insurance solutions to Senior Care Organizations.

 

 

INSIGHTS


1Kosmos CTO Rohan Pinto shared practical advice for fixing informed consent in an article for InformationWeek.

 

Bishop Fox released a blog post exploring growing concerns around API security.

 

Huntress explored the nuances of ITDR in a recent article. 

 

Lumu covered CISA's #StopRansomware initiative and how ransomware gangs bypass EDR in a blog post.

 

RAD Security CEO and Co-Founder Brooke Motta spoke about how cloud-specific threats have evolved and what companies should be watching out for in an interview with Help Net Security.

 

Secure Code Warrior Co-Founders Peter Danhieux and Matias Madou co-authored a report that found large companies that train developers with Secure-by-Design practices can reliably reduce the number of vulnerabilities introduced into software products by more than 50%.

 

SolCyber released the latest edition of Tales from the SOC exploring and reconsidering common cybersecurity advice. 

 

SPHERE CEO and Founder Rita Gurevich wrote about best practices to get the most out of cyber insurance in an article for Forbes Tech Council.

 

Synadia CEO and Founder Derek Collison and VP of Marketing Justyna Bak were guests on the DataFramed podcast to discuss AI at the edge, real-time data processing, and why latency matters.

 

Uptycs released a blog post on how financial institutions can achieve DORA compliance before enforcement arrives in 2025.

Upcoming and Recent Events

12/9-12/11 1Kosmos is attending Gartner IAM 2024 in Grapevine, Texas. Visit booth #737 to see how the team can help you close the identity gap with a modern passwordless experience. 

 

12/9-12/11 SPHERE is attending Gartner IAM 2024 in Grapevine, Texas. Visit booth #113 to demo cutting-edge innovations in Identity & Access Management (IAM). 

 

12/9-12/12 ReversingLabs will be at Black Hat Europe in London. Meet with the team at booth 433 to discuss Software Supply Chain Security and SecOps solutions fit for your organization.

 

12/9-12/12 Secure Code Warrior will be at Black Hat Europe in London. Stop by the team's booth to learn ways to stay ahead in cybersecurity. Register with £200 off Briefing passes using the code WARRIOR. 

 

12/10, 10am PT Huntress is hosting the next episode of Tradecraft Tuesday exploring the hidden dangers lurking in your Microsoft 365 and Azure environments.

 

12/10-12/12 Rafay is sponsoring and attending Gartner IOCS 2024 in Las Vegas. Join the team to explore the future of infrastructure, operations, and cloud strategies.

 

12/17 Lumu is attending the 2024 California Cybersecurity Education Summit. Join the team to see how Lumu's real-time threat detection and response can lighten your workload and free up your time.

 

ON DEMAND Bishop Fox hosted a webinar on how to achieve the upcoming DORA threat-led penetration testing requirements.

 

ON DEMAND Constella Intelligence Vice President of Identity & Digital Intelligence Jason Wagner and Director of Worldwide Sales Engineering Dan Mathews joined the Moody's Talks podcast to discuss the dark reality of synthetic identities. 

 

ON DEMAND Converge Insurance Head of Claims John Spiehs was a featured panelist in a NetGain Technologies webinar The Dark Web and Cybercrime Unmasked.

 

ON DEMAND CyberCube Director of Services Alex Tenenbaum hosted a webinar Projecting Cyber Market Growth.

 

ON DEMAND NowSecure released the latest TechTalks episode Pentesting Roku Applications.

 

ON DEMAND Nudge Security hosted a demo showing how to harden your identity security posture with Nudge. 

      PORTFOLIO JOBS

      Looking for your next career opportunity or know someone who is? Browse or share our portfolio company job board. 

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