| 1 |  Sequoia Capital | Menlo Park, CA | Wiz | $56B | WizPalo Alto NetworksOktaZscalerCloudflare | - Led Wiz seed in 2020; early ~10% stake valued at ~$3B in the Google acquisition
- Co-funded Palo Alto Networks Series A in 2006; PANW IPO'd 2012 and is now a $100B+ public company
- Two generational cyber outcomes: Wiz and Palo Alto Networks
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| 2 |  Index Ventures | San Francisco, CA / London | Wiz | $35.0B | WizSnyk1PasswordVercelGitGuardian | - Co-led Wiz seed and Series A; among the largest shareholders (~12% stake)
- Over $3.8B expected from Wiz's pending sale to Google
- Standout early conviction in cloud security before category consensus
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| 3 |  Andreessen Horowitz (a16z) | Menlo Park, CA | Okta | $90B | OktaCloudflarePalo Alto NetworksSentinelOneWiz | - Led Okta Series A in July 2010; Ben Horowitz joined the board
- a16z's first major identity-security bet; Okta IPO'd in 2017
- Long track record in infrastructure and identity security
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| 4 |  Greylock Partners | Menlo Park, CA | Palo Alto Networks | $5B | Palo Alto NetworksAbnormal SecurityWizVantaObsidian Security | - Co-funded Palo Alto Networks with Sequoia in January 2006
- PANW is now a $100B+ public cybersecurity platform
- Also backed Abnormal Security and other AI-powered security leaders
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| 5 |  Cyberstarts | Mikhmoret, Israel | Wiz | $1.4B | WizCyeraOrca SecurityAqua Security | - Co-led Wiz seed in 2020 with $6.4M from its first fund
- ~222× return cited as among the best early-cyber returns on record
- Concentrated cybersecurity fund with generational Wiz outcome
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| 6 |  Warburg Pincus | New York, NY | CrowdStrike | $83B | CrowdStrikeZscalerDarktrace | - Incubated CrowdStrike as a seed investor in 2012
- Largest shareholder through CrowdStrike's 2019 IPO
- Deep partnership building category-defining endpoint security
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| 7 |  Bessemer Venture Partners | San Francisco, CA | Auth0 | $18.8B | Auth0Twilio1PasswordSendGrid | - Led Auth0 Series A in 2015
- Auth0 acquired by Okta for $6.5B
- Strong identity and developer-security track record
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| 8 |  Lightspeed Venture Partners | Menlo Park, CA | Netskope | $44B | NetskopeSentinelOneArctic WolfWizSnyk | - Backed Netskope in early rounds (2012–13) alongside Accel and Iconiq
- Among Netskope's largest backers ahead of its filed IPO
- Strong SASE and cloud-security portfolio
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| 9 |  Boldstart Ventures | Miami, FL | Snyk | $1.1B | SnykKustomerSuperhumanBigID | - First investment in Snyk was the seed round in January 2016
- Inception-stage specialist in developer and application security
- Snyk reached multi-billion-dollar valuation
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| 10 |  YL Ventures | Tel Aviv, Israel / Mill Valley, CA | Twistlock | $800M | TwistlockOrca SecurityAxoniusCynetMedigate | - Largest early shareholder in Twistlock (~$12M in) before $410M sale to Palo Alto Networks
- Also backed Orca Security and Axonius—both reached unicorn status
- Cybersecurity-only fund with elite Israeli founder access
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| 11 |  Accel Partners | Palo Alto, CA | Snyk | $26.7B | SnykCrowdStrikeSentinelOne1PasswordCyera | - Strong wins in Snyk and CrowdStrike, but first checks were Series B—not seed or Series A
- First Snyk investment: Series B, September 2018
- First CrowdStrike investment: Series B, September 2013
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| 12 |  Venrock | Palo Alto, CA | Cloudflare | $2.5B | CloudflareCrowdStrikeIllumio | - Co-led Cloudflare Series A in 2009—backed the company at the very beginning
- Cloudflare IPO'd in 2019; now a large public security and infrastructure company
- Long-horizon partnership with generational infrastructure security outcomes
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| 13 |  NEA | Menlo Park, CA | FireEye | $27.8B | FireEyeCloudflareZscalerPalo Alto Networks | - Early FireEye investor; also in Cloudflare at Series B (not seed or Series A)
- Solid cybersecurity track record across network and threat intelligence
- Strong enterprise security portfolio with mixed early vs. growth entry timing
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| 14 |  Insight Partners | New York, NY | SentinelOne | $90B | SentinelOneRecorded FutureWizVantaIsland | - Large cybersecurity book including SentinelOne, Recorded Future, and Wiz Series A
- Growth- and late-stage model—less pure early conviction than seed-led peers
- Major scale-up partner once security categories are proven
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