Cyberstarts, an early-stage venture firm specializing in cybersecurity, recently announced the closure of its second Opportunity Fund, known as Opportunity Fund II. This fund totals $380 million and is dedicated to assisting portfolio companies as they grow from early-stage startups into global, growth-stage enterprises.
Over the past seven years, Cyberstarts has developed a distinctive approach to investment. The firm focuses on identifying visionary founders at the inception of their ideas and rigorously testing these concepts through its advisory community of Chief Information Security Officers, or CISOs. By maintaining close involvement at each stage of the company-building process, Cyberstarts ensures that it can provide the necessary support and guidance to help these startups thrive.
The effectiveness of this model is evident in the achievements of Cyberstarts’ portfolio companies. One of the most notable success stories is Wiz, a leading cloud security platform that has been part of the Cyberstarts portfolio since 2020. Wiz has become one of the fastest-growing software companies in history and recently reached an agreement to be acquired by Google for a staggering $32 billion.
Another significant portfolio company is Fireblocks, which joined the Cyberstarts family in 2019. Fireblocks has recently achieved an impressive valuation of $8 billion, mainly through its efforts to secure digital assets for some of the world’s leading financial institutions. Additionally, Island, known for creating an enterprise browser, has successfully scaled to nearly a $5 billion valuation. Cyera, an innovative AI-centric data security platform, has also gained traction, reaching a $6 billion valuation amidst rapid adoption by enterprises. These companies received investments from Cyberstarts in 2022 and 2021, demonstrating the firm’s ability to identify groundbreaking technologies.
Beyond these high-growth examples, several other portfolio companies have experienced successful acquisitions, including Axis Security, Avalor, Bionic, Dazz, Noname, and Trail. These acquisitions signify how Cyberstarts’ early confidence in these companies, coupled with its hands-on partnership approach, can lead to transformative market outcomes.
Earlier this year, Cyberstarts also revealed the launch of a new $300 million Employee Liquidity Fund. With the closing of Opportunity Fund II, Cyberstarts has raised over $700 million in 2025 alone. This achievement brings the total capital commitments across its seven funds to over $1.4 billion, showcasing the firm’s substantial growth and commitment to investing in cybersecurity innovations.
The team at Cyberstarts includes skilled cybersecurity professionals who bring diverse experiences and insights to the firm. These individuals enable Cyberstarts to effectively identify and invest in companies that are reshaping the cybersecurity landscape. Notable general partners include Dor Knafo, Hila Zigman, Lior Simon, and Gili Raanan. Additionally, Adam Aarons serves as an operating partner, along with the recent addition of Pete Chronis.
Chronis joins Cyberstarts after a noteworthy career as Chief Information Security Officer (CISO) at several leading media and telecommunications firms, such as Paramount, WarnerMedia, Turner Broadcasting, and EarthLink. He currently serves on the board of Cyera, one of the fastest-growing cybersecurity companies globally.
KEY QUOTES:
“Founders don’t need more noise, they need focused, high-conviction support at the moments that matter most. This new fund gives us the ability to scale our involvement precisely when founders ask us to lean in the hardest – whether that’s in leading or anchoring future capital raises, mobilizing our network to accelerate business development, or helping teams recruit key talent for their next phase of growth.”
“We are pleased to welcome Pete to the Cyberstarts team. His distinguished track record as a CISO brings valuable perspective that will strengthen our partnerships with the visionaries shaping the future of cybersecurity.”
Gili Raanan, Founder of Cyberstarts
“Opportunity Fund II is designed to double-down when our portfolio companies are at key inflection points. As seed-focused investors, there is nothing that makes us prouder than the success of our early bets and this new fund will give us the opportunity to have even more impact alongside our most valued founders.”
Lior Simon, General Partner at Cyberstarts
“Cyberstarts was built on the belief that authentic relationships can transform markets. With Opportunity Fund II, we’re deepening our existing relationships with founders who are already reshaping the world and creating new pathways for continued innovation.”
Hila Zigman, General Partner at Cyberstarts
“I have always been a firm believer that security innovation moves fastest when operators and entrepreneurs work together. As part of the Cyberstarts team, I’m committed to helping the next generation of cybersecurity companies grow stronger, scale smarter, and secure the digital economy.”
Pete Chronis, Operating Partner at Cyberstarts
