Participated · Series D · Aug 2024

HomeLight operates a platform called EVA that automates tasks across more than 120 steps required to close real estate transactions. The company is rolling out an AI escrow officer built on that platform. HomeLight currently operates in eight states and has stated plans to expand rapidly. The recent $40 million raise is intended to support the AI escrow rollout and the company’s expansion efforts. The provided articles do not disclose revenue, user counts, or additional operating metrics.

Participated · Equity · Mar 2021

PerimeterX delivers app-security solutions as a service, offering Bot Defender, Code Defender and Page Defender to detect and proactively manage risks to web applications. The company reported protecting over $100 billion in e-commerce revenue in 2020 and processing more than 2 billion login requests per day. Recent product enhancements include enhanced blocking for Code Defender to reduce client-side data breaches, protections for account takeover attacks, a new verification option beyond visual CAPTCHA, and a unified user dashboard. PerimeterX has expanded its ecosystem with integrations including Amazon AWS, Google Cloud Platform, Microsoft Azure, Snyk, DataDog and Splunk. It also launched the PerimeterX Partner Program with founding members such as Adobe, AWS, Google, Microsoft, Okta and Salesforce to help providers extend app security portfolios. Led by CEO Omri Iluz, the company intends to use the new funds to expand into new geographies and vertical markets. PerimeterX provides application security solutions that detect and proactively manage risks to web applications, mobile apps and APIs. Its product suite includes PerimeterX Bot Defender (bot mitigation), PerimeterX Code Defender (web application and supply-chain attack protection) and PerimeterX Page Defender (client-side browser malware protection). The platform offers behavior-based analytics, sensors, detectors and enforcers, plus a user portal and actionable reporting. The portfolio is fully software-based, compatible with cloud services and CDNs, and can be deployed anywhere. Led by co-founder and CEO Omri Iluz and based in San Mateo, CA, the company raised a $14M Series C extension. The extension brought the Series C to $57M and total capital raised to $91.5M. PerimeterX intends to use the funds to speed the expansion of its product portfolio. PerimeterX develops a bot-defense platform that uses behavioral fingerprinting and machine learning to detect anomalous, automated activity by analyzing user behavior (mouse movements, swipes) and device attributes (graphics and audio drivers). The company’s solution aims to distinguish normal user behavior from automated tools to block malicious traffic. Founded in 2014 and based in San Francisco, PerimeterX has grown to roughly 140 employees. Its technology requires large datasets to train models, which the company leverages to automate detection and mitigation. Management says the business often integrates alongside other web-application security vendors rather than competing directly. The Series C proceeds are expected to be used largely for sales and marketing to accelerate revenue growth and scale the business. PerimeterX is a San Mateo, CA-based provider of behavior-based threat protection technology for cloud, web and mobile. Its core product is a web-based bot defender that uses artificial intelligence and machine learning to analyze user interactions and distinguish bots from humans. The solution analyzes billions of events daily and blocks hundreds of millions of bot attacks every day. Its API integrates with nearly any component of a company’s technology infrastructure so DevOps teams can incorporate real-time behavioral analytics. PerimeterX secured $23M in a Series B and intends to use the funds to accelerate development of its bot attack prevention technology into new areas and to expand in the U.S. and internationally. Joydeep Bhattacharyya of Canaan Partners joined PerimeterX’s board; Omri Iluz is CEO and the company counts customers across the Fortune 500, the Alexa Top 500 and the Internet Retailer 100. PerimeterX delivers scalable, behavior-based threat protection across web, cloud and mobile environments and introduced a new service called PerimeterX Bot Defender. Bot Defender relies on dynamic behavioral fingerprinting built from hundreds of indicators to identify automated attacks rather than static signatures. The solution integrates via a simple JavaScript tag and operates out-of-band so it does not add latency or require proxying customer traffic. PerimeterX offers robust reporting and visibility into analyzed traffic, enabling analysis by time, risk score, country, IP address and customer tags. The company reported deployments protecting more than one billion page views each week, a number the article says is rapidly growing. PerimeterX was founded in late 2014 and is headquartered in San Mateo, California, with offices in Israel and Silicon Valley.

Participated · Series B · Jun 2020

Scalefast is a Los Angeles-based digital commerce solution that helps enterprise brands build and scale direct-to-consumer (DTC) eCommerce channels. Its core product is a next-generation, SaaS-based end-to-end platform and operating partnership that includes merchant-of-record agreements, physical and virtual fulfillment, payments, fraud & tax management, and finance functions. The company describes its offering as a business-as-a-service approach that can launch stores in as little as 15 days to enable rapid DTC rollouts and global expansion. Scalefast serves customers including L’Oréal, FLIR and Square Enix and reported 200% year-over-year growth. The company plans to use new funding to expand its team, footprint and product offering to further support existing and new customers. It emphasizes speed, flexibility and agility to help brands move online and scale direct channels, particularly amid increased DTC demand during the COVID-19 crisis. Scalefast provides infrastructure and full-service business operations that enable lifestyle brands to run direct-to-consumer ecommerce. Its core product combines AI-driven ecommerce personalization with end-to-end operations to help brands scale quickly and increase revenue. The company says its personalization technology uses machine learning and consumer behavior data to deliver relevant, one-to-one shopping experiences that increase customer retention and expand client revenue by an average of 40%. Scalefast reported a strong 2017, launching dedicated DTC experiences for over 20 major product launches, processing more than 14 million orders, serving consumers in over 240 countries, and doubling its team. It also received multiple industry awards. The company is based in Los Angeles and has offices in Paris and Madrid. New funding is intended to expand services for existing clients and further develop its ecommerce personalization technology.

Led · Series D · Mar 2020

Arctic Wolf offers a cloud-native security platform that ingests endpoint, cloud and network data to provide a unified view of threats and pairs that software with concierge security teams that tailor responses. The company uses machine learning to validate incidents from more than 2.5 trillion weekly observations, forwarding fewer than five alerts per customer per week on average. Arctic Wolf targets mid-size and enterprise customers and has over 3,000 customers, including more than 100 U.S. state and local government agencies. The company reported $200 million in annual recurring revenue over the prior 12-month period as of last September. Management plans to use recent funding for product development, strategic M&A and global expansion with a particular focus on the Asia‑Pacific region, Australia and New Zealand. Arctic Wolf was co-founded in 2012 and is based in Eden Prairie, Minnesota. Arctic Wolf provides a cloud-native Security Operations Platform paired with its Concierge Security Team to deliver managed detection and response, managed risk, managed cloud monitoring, and managed security awareness. The company emphasizes a proactive, holistic approach to cybersecurity that identifies vulnerabilities, risky configurations, and user behaviors and remediates issues before exploitation. Arctic Wolf reports rapid scale: approximately 3,000 customers, 100% year-over-year ARR growth for each of the last seven years, and 438% year-over-year ARR growth in large enterprise customers. The platform processes about 1.2 trillion security events per week and has nearly 60% of customers using three or more Security Operations solutions. Arctic Wolf has expanded channel reach with 650 global partners and over 40,000 trained sellers, and has grown headcount substantially—onboarding roughly 400 employees in the last 12 months with plans to add 500 more roles. Recent product and go-to-market moves include launching a Managed Security Awareness solution, restructuring its partner program, introducing Service Assurance, and expanding into EMEA. The company says it will continue accelerating market momentum and bring new products and innovations to build world-class Security Operations globally. Arctic Wolf uses the cloud-native Arctic Wolf Platform to provide security operations as a concierge service, pairing platform intelligence with Concierge Security experts who act as extensions of customers' internal teams. Its primary offering, Arctic Wolf Managed Detection and Response (MDR), provides 24x7 monitoring, detection, response, and ongoing risk management. The company reported strong operating momentum, including 106% growth in subscription revenue, 180% growth in enterprise customers, 301% growth in customers using multiple solutions, 282% growth in channel partners, and 270% growth in security events processed (now approaching 1 trillion per week). Arctic Wolf says the new funding will accelerate the introduction of new security operations offerings and help it address new markets. The company also highlights its position as the first cloud-native MDR vendor to secure a valuation above $1 billion. Arctic Wolf is relocating its global headquarters from California to Eden Prairie, Minnesota and plans investments in the new HQ and expansion of its security operations centers. Arctic Wolf provides a security operations center (SOC)-as-a-service offering that delivers Managed Detection and Response (MDR) and Managed Risk services anchored by its Concierge Security Team. Its cloud-based SOC provides 24x7 monitoring, custom threat hunting, alerting, reporting, risk management, and incident response as an extension of customers' internal teams. The company emphasizes predictable pricing and dedicated security analysts to bring enterprise-grade security to organizations that lack internal SOC capabilities. Arctic Wolf reported its customer base grew over 130% in 2019 and has achieved 4300% revenue growth over the prior four years. It has doubled its security team to more than 400 employees across four North American offices. The company plans to use new funding to introduce new service offerings, enter new markets, and further cement its leadership in the Managed Detection and Response market. Arctic Wolf Networks provides SOC-as-a-service (AWN CyberSOC) that delivers 24×7 monitoring, custom alerting, incident investigation and response via Concierge Security engineers and a proprietary cloud-based SIEM. The turnkey service leverages Hybrid AI and threat intelligence subscriptions, requires no hardware or software purchase, and aims to reduce false positives and improve detection. Founded in 2012 and headquartered in Sunnyvale, Calif., Arctic Wolf has expanded to four North American offices and recently opened a Minneapolis location. The company has more than doubled staff in the last year to 166 employees and reports a 219% year-over-year customer growth rate. Arctic Wolf will use the new funding to accelerate company growth, expand its service offering and scale to meet individualized customer needs. Management specifically plans to build out internal vulnerability assessment and endpoint detection and response capabilities. Financially, Arctic Wolf raised $45 million in Series C funding and has now raised $91.2 million to date.

Participated · Equity · Mar 2020

Lendio operates a high-tech marketplace that matches small-business borrowers with a pool of suitable lenders via a 15-minute online application, machine learning matching, and expert loan review—often facilitating funding within 24 hours. The company also offers an online bookkeeping platform, Sunrise by Lendio, used by hundreds of small-business owners and slated for deeper integration with its loan marketplace. Lendio plans to use new capital to expand its lender services division, enhance its white-labeled SaaS application for banks and lenders, and grow bookkeeping and lender-facing offerings. Over the past two years Lendio’s year-over-year growth has averaged 75%, and it has become the largest small-business financing marketplace in the U.S. To date the company has facilitated over 100,000 loans totaling $2 billion. Lendio reports that its small-business clients have generated an estimated $6.5 billion in economic output and created nearly 45,000 jobs. Lendio is a Salt Lake City, UT-based online marketplace that helps small-business owners find short-term specialty loans and long-term low-interest traditional loans. The company offers a free online service intended to decrease the time and effort it takes to secure funding. Led by founder and CEO Brock Blake, Lendio connects borrowers with loan options via its platform. In Q3 2016 the platform facilitated over $63M in loans to more than 2,900 businesses across 46 states. The company intends to use recent funding to accelerate growth through marketing, sales and brand awareness. Lendio operates a free online marketplace that matches small business owners with a range of loan products, from short-term specialty financing to long-term low-interest loans, delivered within minutes. The company is led by founder and CEO Brock Blake. In March 2015 Lendio raised $20.5M in funding to support growth. Management says the proceeds will be used to accelerate online innovation, expand its partnership program and grow its team of trusted loan advisors. The company also announced board additions tied to the round. No operating metrics or prior financing details are provided in the article. Lendio, founded by Brock Blake and Levi King in 2011, operates a marketplace that helps Main Street small businesses find suitable loans and lenders. The platform aggregates more than 3,500 loan options across hundreds of partner lenders and asks business owners four questions to build a profile and surface appropriate products. It integrates via APIs with tech-savvy lenders to enable often same-day pre-approval and to streamline underwriting handoffs. Lendio says it has helped hundreds of thousands of small business owners connect with loans and reports roughly a 70% approval rate for applicants; the platform also offers tools to help unapproved applicants prepare. The company positions itself as a next-gen broker that reduces friction and cuts out traditional middlemen. Financially, Lendio recently closed new financing that increased its total invested capital. Lendio, formerly FundingUniverse.com, operates a marketplace that connects small-business owners with banks, credit unions, and other lending sources. The platform uses technology to identify loan categories and the specific lenders most likely to approve an application based on credit, industry, revenue, and other parameters. Less than three months after its debut, users had requested about $1 billion in business loans through the service. Lendio says it works with roughly 3,500 lenders and provides access to more than 13,000 lending options. The company has been expanding its executive team, adding hires such as Zinch co-founder Brad Hagen and Nelson James of SEO.com. It has also offered promotional pricing to early users (e.g., a TechCrunch reader discount) as it scales adoption.