AllegisCyber Capital
200 Page Mill Road, Suite 100, Palo Alto, CA, 94306, United States
Overview
AllegisCyber invests in early-stage companies developing technology and software to serve emerging markets. It uses its integrated cybersecurity investment platform and a game-changing strategic partnership with innovative cybersecurity start-up studio DataTribe to give o entrepreneurs an unfair competitive advantage.
- Total investments
- 22
- Lead investments
- 9
- Investments · 12mo
- 1
- Active investors
- 10
Sector focus
- Cyber Security
- Financial Services
- Software
- Venture Capital
Investment portfolio
- Conceal
Participated · Series B · Oct 2025
Conceal develops a browser-native Security Service Edge (SSE) platform that combines Zero Trust Network Access with in-browser security through an intelligent browser extension. The technology removes the need for legacy connectivity tools such as VPNs, VDIs, and proxies, allowing users to connect directly to approved applications from any device. Security and IT teams gain full visibility, with integrations that stream data into SIEM/XDR platforms, Splunk, SOAR, and BI tools, while executives receive reports quantifying risk reduction. For unmanaged devices, secure, policy-based access is delivered via the Conceal Console without local software installation. The platform’s consolidated approach lets organizations reduce complexity, cost, and operational friction by merging connectivity and security stacks. Conceal plans to use fresh capital to speed product development, scale go-to-market initiatives, and expand its workforce so it can support enterprises and third-party contractors wherever they operate. Headquartered in Augusta, Georgia, Conceal positions itself as a pioneer in direct-to-browser zero-trust security.
- Vicarius
Participated · Series B · Jan 2024
Vicarius provides an AI-driven platform that automates discovery, prioritization and remediation of software vulnerabilities, including a text-generating tool, vuln_GPT, to help write detection and remediation scripts. The company augments its product with a community of security researchers who share scripts and earn virtual currency, and it uses that community dataset to train its models. Vicarius says it applies “in-memory protection” to secure apps when patches are not available and validates all AI-generated scripts before customer rollout. The startup reports 5x year-over-year growth and a customer base that recently surpassed 400 brands, including PepsiCo, Hewlett Packard Enterprise and Equinix. It currently has a 43-person team and plans to double headcount, invest in its product roadmap, integrate with ticketing platforms like ServiceNow and Jira, launch educational courses and let researchers spend community currency on products. Vicarius aims to expand further in North America and Europe and enter new markets in the Asia Pacific region. Vicarius offers an autonomous, cloud-based platform that consolidates the vulnerability remediation process and analyzes proprietary and third-party applications for vulnerabilities. The company aims to eliminate friction between security teams and IT operations by speeding remediation timelines that currently take four to six months from disclosure to deployment, reducing risk from supply-chain style attacks. Vicarius operates a research center that publishes information about vulnerable software and plans to build a social platform to help security engineers, offering free guidance for fixing CVEs even to noncustomers. As of the article, the company has 150 customers, including the U.K.'s National Health Service and Ingram Micro. The startup raised $24 million in a Series A led by AllegisCyber Capital, JVP and AlleyCorp, two years after a $5 million seed round. Vicarius says it will use the funds to triple headcount and expand its go-to-market strategy. Vicarius provides a proactive cybersecurity platform that predicts and mitigates software vulnerabilities in real time using machine‑learning driven Vulnerability Assessment (VA) technology and its TOPIA offering. The platform detects exposures before hacks occur and supplies immediate, built‑in remediation options plus prioritization via a risk‑snapshot dashboard. Vicarius emphasizes pre‑emptive protection and interim threat controls to reduce operational risk from reboots and delayed patching. The company plans to expand its product offering and make it available to more clients across multiple industries. The seed funding will accelerate its international growth and operating scale and support buildout of its Tel Aviv and East Coast US offices. The US team will be based out of the JVP International NYC Cyber Center to support deployments for cities, banks, utilities, healthcare systems, and other clients.
- Source Defense
Participated · Series B · Apr 2022
Source Defense offers a security and compliance platform that protects client-side web applications by detecting, protecting against, and preventing vulnerabilities originating in JavaScript and third-party code. The patented Source Defense Platform applies a zero-trust model that extends security beyond the network to the client-side, addressing third-party digital supply chain risk. It serves leading organizations across financial services, healthcare, hospitality, and retail, and supports compliance regimes such as PCI, HIPAA, and GDPR. The company is led by CEO Dan Dinnar and is based in Rosh Ha’ayin, Israel and New Haven, Conn. Source Defense currently protects nearly a billion monthly site visits and prevents approximately 6 billion quarterly violations of security and compliance policies. The company plans to use the new funds to accelerate growth with investments in Sales, Marketing, Alliances, and Research and Development. Source Defense provides a website security solution focused on preventing malicious activity originating in website supply chain vendors, using its patented VICE Client-side Web Security Platform. Its technology, built on machine learning and industry best practices, offers a fully automated and dynamic solution that controls access and permissions of various dynamic components operating on a website. The company says it has more than tripled its sales in the past year and has expanded its R&D team, established strategic channel partnerships, and strengthened its executive team. Source Defense cites deployments with several Fortune 500 companies and a recent deployment at a Fortune 50 company as evidence of enterprise traction. The firm plans to use the new funding to accelerate growth and further enhance its VICE platform to meet growing market demand. CEO Dan Dinnar and quotes from investors emphasize the solution’s role in addressing Magecart/formjacking client-side attacks and regulatory compliance needs (GDPR, PCI, CCPA, HIPAA). Source Defense provides a website security platform that stops JavaScript-based website card skimming attacks and other third-party supply-chain hacks with a real-time, proactive prevention solution. Its technology controls third-party access and enforces access policies to prevent malicious activity before it begins. The platform integrates via a copy-and-paste JavaScript snippet, sets policies automatically without administrator involvement, and is designed for low-touch management while preserving site integrity and performance. The company closed a Series A financing that brought its total funding to $10M, with backers including AllegisCyber, Jerusalem Venture Partners, Global Brain and Connecticut Innovations. It intends to use the capital to accelerate its go-to-market strategy. Source Defense has opened a US headquarters in Stamford, Connecticut and a second R&D center in Rosh HaAyin, Israel and plans an intensive hiring campaign in both locations.
- SkyHive
Participated · Series B · Oct 2021
SkyHive provides cloud-based workforce intelligence applications and extensible platforms that normalize skills data across HCM ecosystems, using a skills-first approach. Its offerings include a Skills Passport for individuals and Quantum Labor Analysis™, which has been recognized by the World Economic Forum, Gartner, and Forbes. The company combines real-time, global labor market data with transparent, unbiased AI to surface skills gaps, benchmarks, and reskilling options for employers and learners. SkyHive is a Certified B Corporation and cites partnerships with the World Economic Forum, Workday, and Accenture. The announcement notes European incorporation and says the investment will support SkyHive’s growing global operations and continued expansion in the European market. The company is headquartered in Palo Alto, Calif. SkyHive offers a SaaS platform that uses its proprietary Quantum Labor Analysis (QLA) methodology and AI to provide real-time workforce and external labor market insights. QLA combines economic theory, workforce modelling, human analytics, and data science and is active in 90 countries and 400,000 unique locations worldwide. The platform identifies emerging high-value skillsets and helps organizations reskill employees as they transition from job-based to skills-based models. SkyHive serves large companies and governments and is vertically agnostic across labor markets. The company is a Certified B Corporation and has been recognized by the World Economic Forum as a 2021 Technology Pioneer. New capital will support global expansion of client services and partnerships, augment research and development, and grow sales and marketing teams. SkyHive has raised more than $60 million to date. SkyHive is an AI-based SaaS platform that reskills enterprise workforces and communities by automatically translating employee work profiles into skills and mapping them to job skills. Its AI engine identifies optimized career pathways through learning solutions using millions of real-time data points. The platform is designed to work across every kind of workforce, from front-line workers to corporate teams, and with groups ranging from global businesses to indigenous communities. SkyHive's technology aims to help organizations maximize workforce capability, increase employee retention, and achieve diversity and inclusion objectives. Led by Founder and CEO Sean Hinton, the company plans to use recent funding to continue expanding operations and its business reach.
- Elisity
Led · Series A · Jun 2021
Elisity provides an identity-based microsegmentation platform that centralizes security policy management via its IdentityGraph to enable granular control over users, devices and workloads. The company’s agentless approach abstracts segmentation from network operations, allowing networking teams to preserve performance while security teams enforce fine-grained controls. Elisity is extending its platform’s artificial intelligence capabilities to better leverage device identity data to anticipate and pre-empt emerging cyber threats. Its technology is positioned for use across healthcare, critical infrastructure and manufacturing, addressing regulatory needs, ransomware containment and legacy OT devices that cannot run agents. Customers in healthcare and industrial environments report rapid deployments and improved incident containment, and the product is promoted as a key component for zero trust initiatives. Financially, Elisity has raised new growth capital through a $37M Series B and has taken total funding to more than $72M. Elisity builds Cognitive Trust, a cloud-delivered platform that uses AI-driven behavioral intelligence to deliver identity- and context-based zero trust across enterprise, cloud, IoT and OT assets. The platform analyzes the unique identity and context of people, apps and devices and continuously assesses risk to automatically optimize access, connectivity and protection policies. Elisity says it can onboard a new customer in as little as 45 minutes and expand across cloud and on-prem footprints without ripping and replacing existing identity providers or network infrastructure. The company intends to use the new funding to scale engineering, sales and marketing to meet growing enterprise demand driven by hybrid and work-from-anywhere models. Founded in 2018 and based in California, Elisity employs around 30 staff. Its competitors include Vectra AI and Lastline; the company currently has no women in its leadership team or on its board. Elisity develops AI-powered policy and identity-based access solutions that authorize users, devices, and applications before they can communicate with enterprise resources. Its platform delivers zero-trust networking and software-defined access to secure enterprise assets and data. The company serves enterprises across industries including manufacturing, pharmaceuticals, financial services, and healthcare. Founded in 2018 and led by CEO Burjiz Pithawala, Elisity is headquartered in San Jose, California. It intends to use the seed funding to scale its engineering, sales, and marketing teams.