Founded 2001 by ex-NSA/CIA/DARPA heads as 9/11 response. £1.5bn+ committed, 80+ exits. Cyber Fund II: £372m (2022). Multi-stage investor backing cybersecurity & advanced tech innovators for gov't/commercial markets. Team: 17+ staffers, 100+ yrs combined experience, 20-person advisory board (gov/intel/defense). Headquarters DC, offices London, NY, Luxembourg, SV.
Investment Focus
Investment Thesis
Dual-use cyber, defense & AI security across seed-growth. £1m-£20m checks, global focus (DC, London HQ). Invests in threat modeling, cloud security, critical infrastructure protection, ransomware defense, AI Safety/assurance, chaos engineering. Avoids: tech undermining national security/democracy. National security-first framework. Deep gov't/intelligence networks.
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