Our Thesis
High-conviction capital for founders building at the edge of Cyber and Applied AI. We invest at pre-seed and seed, where technical advantage matters most. We keep our portfolio concentrated, move fast, and bring real operator experience to every founder we back.
The Lens: Adversary-Driven Insight
Cybersecurity isn’t shaped by theory — it’s defined by relentless opposition. We know how attackers think because we’ve been in their seat. From ransomware campaigns to nation-state operations, the adversary sets the pace. That lens gives us a sharper view of market gaps, unmet needs, and the opportunities founders can seize before the rest of the market even sees them coming.
The Cycle: The Endless Cat-and-Mouse
Unlike most industries, cyber has no finish line. Attackers innovate, defenders adapt, and the cycle repeats. That constant escalation makes security one of the most durable and necessary categories in all of technology. Budgets shift, hype cycles fade — but security spend endures because the risks of underinvesting are existential. As digital exposure grows, so does the mandate to defend it.
The Convergence: Where AI Meets Cyber
We’re entering a new era where AI reshapes both the attack surface and the defensive playbook. AI will build and break systems alike, demanding foundational innovation. We see opportunity in both Security for AI (protecting models, data, and infrastructure) and AI for Security (automation, detection, dynamic response). The intersection of these domains is where tomorrow’s category leaders will emerge — and where we concentrate our bets.
The Shift: Creating the Next Category Leaders
Every disruptive wave in cyber has produced breakout companies. The incumbents struggle, while focused startups redefine the rules. We believe the next generation of category leaders will rise around AI security, developer-first security, identity intelligence, and agentless protection. The winners won’t be the largest at the start — they’ll be the ones moving fastest, closest to the customer, and executing with precision. Those are the founders we partner with.
The adversaries aren’t waiting — and neither are we.
- Founders: Drop your deck.
- Investors: Let’s talk conviction capital.
We’re not here to manage money. We’re here to build alongside the people crazy enough to take on the hardest problems in AI and cyber.
If you’re one of them, let’s talk.