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The Venture Codex

Dreamit Ventures

1700 Market St, Philadelphia, PA, 19103, United States

Overview

Dreamit is a leading venture fund focused on startups with revenue or pilots that are ready to scale. Dreamit specializes in startups building transformative companies in Securetech. Founders meet with dozens of potential customers and partners on Customer Sprints® and pitch leading venture firms during Investor Sprints®. Since its founding in 2008, Dreamit has partnered and helped grow over 320 startups, including LevelUp (acquired by GrubHub), Trendkite (acquired by Cision), SeatGeek, HouseParty (acquired by Epic Games), Elevate, Adaptly (acquired by Accenture), Wellth, Biomeme, Tissue Analytics (acquired by Net Health), Redox, Eko Devices, NestEgg, Cherre, Cylera, RaySecur, SpecTrust, Tidal Cyber, TestifySec, Nirmata, and Accuknox.

Total investments
48
Lead investments
3
Investments · 12mo
1
Active investors
8

Sector focus

  • Cloud Security
  • Fraud Detection
  • Generative AI
  • Identity Management
  • Intrusion Detection
  • Network Security
  • Penetration Testing
  • Physical Security
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Investment portfolio

  • Bricklayer.ai

    Participated · Seed · Oct 2025

    Bricklayer.ai, founded in 2024 and headquartered in Arlington, VA, delivers a platform that lets Security Operations Centers build, manage, and orchestrate teams of specialized AI agents. These agents perform multi-step tasks such as alert triage, vulnerability management, threat intelligence gathering, and reporting while maintaining auditability and human-level context. The company targets Fortune 500 enterprises and managed security providers, helping customers automate thousands of analyst hours each month. Bricklayer.ai reports that its monthly recurring revenue has expanded more than 14-fold year-to-date and more than doubled in the most recent quarter, underscoring rapid market adoption. The fresh capital will be directed toward accelerating product development, expanding go-to-market efforts, and enhancing customer experience to meet rising demand for AI-driven security automation. By enabling SOC teams to create cohesive AI agent teams, Bricklayer.ai aims to establish an AI-native model for security operations.

  • Nirmata

    Participated · Equity · Feb 2025

    Nirmata builds Policy-as-Code solutions, including Nirmata Control Hub, to automate security, governance, and compliance across cloud-native and hybrid infrastructures. The platform leverages AI to automatically generate, test, enforce policies and remediate critical issues for platform engineering and security teams. Nirmata is powered by Kyverno, an open-source Kubernetes policy engine that has surpassed 3.2 billion downloads and is a top CNCF project. The company reported a 10X increase in annual revenues for its policy and governance products in 2024 and counts customers such as LinkedIn, Deutsche Telekom and Wayfair. Nirmata says it will scale product development and go-to-market to serve as a centralized hub for security automation from code to cloud. The company maintains a presence in the US and India and has received industry recognition such as CNCF Top 20 contributor and Cybersecurity Excellence Awards. Nirmata offers a unified management plane for Kubernetes clusters and workloads, built to help enterprise DevOps teams with self-service cluster provisioning, visibility, health, metrics, alerts, compliance and application deployments. Its core product ecosystem centers on Kyverno, a policy engine for Kubernetes that provides native tools and language to secure containerized resources. Kyverno has seen significant adoption growth—since early 2021 it surpassed six million downloads—and is used by customers such as Novartis, The New York Times, Duke Energy, TriNet and Grofers as well as open source projects like Flux and KubeArmor. In May 2021 Nirmata launched the Policy Manager for Kyverno (PMK) to simplify multi-cluster adoption and enable Policy-as-Code via GitOps workflows. The company plans to use new funding to accelerate Kyverno’s growth, scale product and operations to support the Kyverno community, establish an engineering team in India, and expand sales and marketing to drive adoption. Led by CEO Jim Bugwadia, Nirmata is positioning itself to capture enterprise demand as organizations accelerate Kubernetes and cloud deployments.

  • TestifySec

    Participated · Seed · Aug 2023

    TestifySec builds software supply-chain security tooling, including open-source projects Witness and Archivista that capture, verify, and manage end-to-end attestations and metadata. The company was founded by CEO Cole Kennedy and co-founder/CTO Mikhail Swift; Kennedy cites a 12-year U.S. Army background and subsequent DevOps work in the intelligence community as formative. TestifySec engages defense, banking, and critical-infrastructure customers and lists partnerships with the Department of Homeland Security, the U.S. Navy, GitLab, and SUSE. The company announced a $6.4M seed funding round led by Mucker Capital with support from Dreamit and Jefferies Family Office. Proceeds are intended to support its open-source work and the commercial development of Judge, a platform built on Witness and Archivista to reduce costs and provide an integrated, verifiable supply-chain security solution. TestifySec positions its products to address growing supply-chain risks as production infrastructure hardens and adoption of attestations increases.

  • AccuKnox

    Participated · Seed · Mar 2023

    AccuKnox offers a Zero Trust Cloud Native Application Protection Platform (CNAPP) built on its KubeArmor CNCF open-source project. The integrated platform combines CSPM/KSPM and CWPP and provides static and run-time security, automated vulnerability prioritization, and in-line run-time mitigation. It supports public clouds (AWS, Azure, GCP, Oracle), private clouds (OpenShift, VMware), Kubernetes, virtual machines and bare metal, and is delivered in a shift-left DevSecOps model. AccuKnox developed its core technology in partnership with SRI International and said its technology is anchored on patented inventions in container security, network security, anomaly detection, and data provenance. KubeArmor has more than 400,000 downloads and is growing at 50% quarter-over-quarter. The company’s roadmap includes ServiceMesh, Edge/IoT and 5G workload support, and it is using funding to expand go-to-market and R&D efforts. AccuKnox is available in general release. AccuKnox builds a Zero Trust run-time Kubernetes security platform that leverages an identity-driven approach and the team’s open-source project KubeArmor. Its technology is anchored on patented innovations in container security, unsupervised learning and data provenance developed at Stanford Research Institute. The company leverages foundational open-source platforms such as eBPF, SPIFFE, OPA and Kyverno to deliver security enforcement using Linux Security Module (LSM) technologies. AccuKnox provides a comprehensive security, compliance and governance platform for public and private clouds. The company closed a $4.6M seed financing to expand the engineering team and to prepare to deliver on open source and commercial offerings before the end of this year. AccuKnox is based in Menlo Park, CA and was founded by Asif Ali, Nat Natraj, Rahul Jadhav and Phil Porras.

  • Opscura

    Participated · Series A · Feb 2023

    Opscura, founded in Spain as Enigmedia, develops patented cloaking technology that obscures OT Level 2 network and Layer 2 data to protect vulnerable legacy industrial devices without taking them offline. Its product suite focuses on OT cloaking, isolation, and Zero Trust authentication and is designed to complement existing ICS security vendors such as Claroty, Nozomi, and Fortinet. The company cites deployments and validation with partners like Schneider Electric and integrators such as Telefonica across industries including renewable energy, transportation, manufacturing, government, and chemical. Opscura is launching a new brand, global management team, and product upgrades as it scales engagement with U.S. partners and customers. The company retains R&D roots in Spain's Basque region, has earned multiple grants for research into ultra-low-latency encryption and industrial data communications, and announced $9.4M in Series A funding. Co-founders Gerard Vidal and Carlos Tomás will assume CTO and VP Engineering roles while David Hatchell joins as CEO. Enigmedia has developed a security solution that enables real-time encryption of audio and video in any application, protecting communication networks from any device without requiring large bandwidth. The company was selected for Banco Sabadell’s BStartup 10 high-performance program and will participate for six months in a growth program coordinated by entrepreneur Dídac Lee. As part of the program Banco Sabadell provides tailored products and services and access to a network of 67 specialized offices. Banco Sabadell committed a €100,000 investment to Enigmedia, delivered as a mix of direct investment and program support. The bank’s selection emphasized innovation, team quality, scalability, market opportunity and prior milestones. Banco Sabadell typically took around a 10% stake in the companies chosen, depending on development and market response.

Team

  • David Bookspan

    Founder and Board Director

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  • Steve Welch

    Founder & Chairman

    LinkedIn
  • Michael Levinson

    Founder Board Member

    LinkedIn
  • Karen Griffith Gryga

    Chief Investment Officer Dreamit Fund II , Managing Director, Investments &Founder of Dreamit Health

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