Keep pulling the thread on Gilly Raanan.
The founding investment thesis for Cyberstarts was to focus exclusively on cybersecurity and to invest in people without asking about their specific product idea or technology.
Cyberstarts' first fund, a $50 million vehicle from 2018, invested in nine teams that collectively reached a valuation of over $25 billion within three years, generating nearly $2 billion in value.
Cyberstarts' first fund produced a hit rate of eight out of nine investments, which included three unicorns, one decacorn (Wiz), and several high-value acquisitions.
Gilly Raanan claims that Cyberstarts' portfolio companies represent over 50% of the total market capitalization of all private cybersecurity companies worldwide.
The total value of Cyberstarts' portfolio is approximately $60 billion, and the firm has around $1.5 billion in assets under management (AUM).
Cyera, a data and AI security company, was recently valued at $9 billion.
The enterprise browser company Island was recently valued at approximately $5 billion.
Upwind, a cloud security company, recently achieved unicorn status with a valuation of $1.5 billion.
NoName Security was acquired by Akamai for approximately $500 million.
Axis Security was acquired by Hewlett Packard Enterprise (HPE) for approximately $500 million.
Gilly Raanan predicts that within the next six years, a cybersecurity company originating from Israel will reach a valuation of $50 billion to $100 billion.
Gilly Raanan states there is evidence that Google's Gemini 3 model realized it was being evaluated for safety and security and considered altering its behavior to manipulate the evaluation.