Cyberstarts has stepped into the spotlight again after launching a new $380 million fund aimed at helping its cybersecurity startups scale faster. The firm has been on a remarkable streak this year, and this fresh vehicle pushes its total new commitments for 2025 past $700 million.
The new fund, called Opportunity Fund II, will support companies that began their journey with Cyberstarts at Seed stage and are now moving into rapid growth. It gives the firm more fuel to double down on teams that already proved they can break into the crowded cybersecurity market.
This latest close comes only months after Cyberstarts rolled out a $300 million employee liquidity fund meant to help founders and early employees manage their equity. With both vehicles combined, the firm now manages more than $1.4 billion across seven funds, which is a significant jump for a VC firm that launched only seven years ago.
Cyberstarts, founded in 2018 by investor Gili Raanan, has built an unusual approach to early-stage investing. Instead of waiting for polished pitches or finished products, the team focuses on spotting founders at the moment they decide to build. Then, they connect these founders to a curated network of CISOs who help shape the product from day one. This tight loop between builders and security leaders has become the firm’s signature playbook.
That strategy has already produced some of the most influential cybersecurity startups of the decade. Wiz, the cloud security company Cyberstarts backed in 2020, agreed earlier this year to sell to Google for $32 billion. It is one of the largest cybersecurity deals ever announced and a major validation of Cyberstarts’ early bets.
Other standout portfolio companies show similar momentum. Fireblocks, which secures digital assets for enterprises, has climbed to an $8 billion valuation. Island, the startup behind the enterprise browser, is now nearing a $5 billion valuation. And Cyera, a fast-growing data security company built on artificial intelligence, has reached $6 billion. These numbers help explain why Cyberstarts continues to attract oversized interest from limited partners.
While the firm’s capital base expanded this year, so did its leadership team. Cyberstarts named Pete Chronis as an operating partner, adding deep industry experience to its bench. Chronis previously served as CISO at Paramount, WarnerMedia, Turner Broadcasting, and EarthLink. He also authored several cybersecurity books and currently sits on the board of Cyera.
Alongside Raanan, the investment team now includes general partners Dor Knafo, Hila Zigman, and Lior Simon, with Adam Aarons also serving as operating partner. The growing team suggests Cyberstarts is preparing for an even larger role in shaping the next wave of cybersecurity scale-ups.
The firm’s latest move shows how quickly the cybersecurity market is evolving. As attacks rise and enterprise spending increases, investors are concentrating their bets on founders who can move fast and deliver strong product-market fit early. Cyberstarts appears determined to stay at the center of that shift, and this new fund gives it enough runway to keep backing the breakout companies already in its orbit.
