Lockstep
712 Fifth Avenue, 7th Floor, New York, NY, 10019, United States
Overview
Lockstep Ventures is a venture capital firm seeking to address the issues that perpetuate racial inequality in the U.S., which is co-founded by serial entrepreneur and venture investor Michael Loeb, marketing guru and venture investor Bonin Bough, and criminal justice advocate and venture investor Marcus Glover. The mission of the $25M fund is to work, inspire, and empower systematic change while also working hand-in-hand with entrepreneurs to provide successful business formulas to provide a wide range of expertise to help execute, pivot, and fast-track a start-up's growth. Lockstep Ventures is committed to the investment philosophy of "Disparity to Prosperity" and targets companies that address racial disparities in health, wealth, education, and justice/recidivism
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 2
Sector focus
- Venture Capital
Investment portfolio
- Artemis Security
Participated · Series A · Apr 2026
Artemis builds an AI-driven security platform that continuously monitors logins, cloud activity, and applications to learn organization-specific baselines, connect events into coherent incident narratives, and automatically respond to attacks. The company was founded by CEO Shachar Hirshberg and CTO Dan Shiebler and emerged from stealth after roughly six months of operation. Artemis reports early commercial traction with customers including Mercury, Wix, Lemonade and Abnormal AI and has closed several seven-figure deals. It expects to achieve multi-million dollar ARR before the end of 2026. The startup raised a $70 million Series A to scale its business, though the company did not disclose valuation or a detailed use-of-funds plan in the articles. Artemis is entering a competitive market where many vendors are rapidly adding AI capabilities to security products.
- Cogent Security
Participated · Equity · Jul 2025
Cogent Security builds agentic cybersecurity systems that move beyond detection to fully automate vulnerability investigation, prioritization, and remediation. Its AI agents determine system ownership, assess real-world risk, generate engineer-ready fixes, and verify completion, giving security teams end-to-end coverage with full traceability and governance controls. Early customers—already numbering in the dozens among the Fortune 1000—report a 97 % reduction in exposure windows for critical risks. Founded by former Abnormal Security and Coinbase leaders and staffed with AI researchers from Google DeepMind, the San Francisco company launched in July 2025. The platform integrates directly into existing security and engineering workflows and operates under configurable approval gates to satisfy enterprise audit needs. Cogent positions its product as essential for organizations facing an explosion of CVEs and AI-accelerated threats. With the latest financing, the company plans to accelerate product development and scale enterprise deployments. Cogent’s total capital raised now stands at $53 million.
- Picnic Corporation
Participated · Equity · Apr 2025
VanishID, rebranded from Picnic Corporation, provides agentic AI-powered digital executive protection for enterprises. The company continuously monitors and reduces exposure to open-source intelligence (OSINT) to extend security beyond the corporate perimeter. Its offerings include CEO Protection, which provides personal device and social media impersonation protection and can extend to up to 25 family members or close associates. VanishID was founded by CEO Matt Polak. The company announced a $10M funding round and plans to use the proceeds to invest in go-to-market efforts. It also intends to extend its capabilities in agentic AI remediations that protect organizations and their key employees. Picnic is a social engineering prevention and detection platform that continuously monitors an organization’s online digital footprint and public data from over 1,000 sources. The platform analyzes whether an attacker could use gathered information to create scams and shows what data an attacker could collect on employees from social media, data brokers, breach repositories, and the dark web. Picnic identifies publicly available open‑source intelligence (OSINT) so organizations can remove it and deny attackers reconnaissance data. Its preventative approach aims to stop attackers from assembling public information to target employees with phishing, impersonation, business email compromise, and identity theft. Founder Matt Polak describes social engineering as the single largest and most challenging problem in cybersecurity and positions Picnic as an integrated, enterprise‑wide solution distinct from security awareness training providers.
- Hydden
Participated · Seed · Sep 2024
Hydden offers an identity security platform that builds a single data layer across IAM, PAM, IGA, ITDR, cloud applications, and on‑prem systems to provide security leaders complete visibility into identities, accounts, and privileges. The platform connects to existing identity tools via connectors that automatically discover and interpret identity data wherever it lives, normalizes and models that data, and provides a real‑time source of truth. Hydden’s continuous discovery engine detects, classifies, and alerts on identity‑related risks, while a time capsule of identity history supports post‑event forensics and root‑cause analysis. The company says its product surfaces critical issues that siloed IAM solutions miss and enables security teams to prioritize and remediate identity risk without disrupting existing infrastructure. Hydden was founded by a team of seasoned identity security product and engineering leaders and is positioning the platform to address growing identity attack surface challenges. Financially, the company disclosed a $4.4 million seed raise to support its next phase of growth and early access program.