Cycode Raises $20 Million Series A Round From Insight Partners
SAN FRANCISCO, May 11, 2021 Cycode, an innovator in securing DevOps pipelines, today announced a $20 million Series A round led by Insight Partners, with participation from seed investor, YL Ventures. The new funding brings total investment to $25 million and positions Cycode to accelerate growth into securing enterprise DevOps tools such as source control management systems, build systems and cloud infrastructure.
In addition to the Series A funding, Cycode also announced the signing of new customers including: Grubhub, Databricks, Flexport, Rapyd, Copart and Cobalt. Further, Cycode has hired Dor Atias as VP of R&D, Tom Kennedy as VP of Sales and Andrew Fife as VP of Marketing.
Andy Ellis Named Operating Partner at YL Ventures
SAN FRANCISCO and TEL AVIV, April 6, 2021 YL Ventures, the prominent seed-stage global venture capital firm investing in Israeli cybersecurity startups, today announced that Andy Ellis, former CSO of Akamai Technologies, will join the YL Ventures team as Operating Partner.
Ellis is a well-known industry leader who pioneered the CSO role over his 20-year tenure at Akamai. Joining YL Ventures, Ellis will leverage his extensive and interdisciplinary experience in the cybersecurity field to guide Israeli entrepreneurs through ideation and market validation processes pre-investment, as well as support YL Ventures portfolio companies post-investment with product development and understanding customer needs.