Madrona

Madrona Venture Group, established in 1995 and headquartered in Seattle, Washington, is a venture capital firm focusing on early-stage investments in the information technology sector. The firm primarily invests in the Pacific Northwest region, with a preference for companies operating in consumer Internet, commercial software, digital media, and emerging technologies like AI/ML and fintech. Madrona typically invests between $2 million and $10 million, often taking a board seat in portfolio companies.

Tom Alberg

Co-Founder and Managing Director

Loren Alhadeff

Venture Partner

Anna Baird

Operating Partner

Jennifer Chambers

Administrative Partner

Troy Cichos

COO and Partner

Hope Cochran

Managing Director

Jack Creighton

Strategic Director

Aseem Datar

Partner

Maria Gilfoyle

Investor

Paul Goodrich

Co-Founder and Managing Director

Gerald Grinstein

Co-Founder and Strategic Director

Joe Horsman

Investor

Len Jordan

Venture Partner

Daniel Li

Venture Partner

Matthew McIlwain

Managing Director

Karan Mehandru

Managing Director

Mark Nelson

Venture Partner

Babak Parviz

Venture Partner

James Phillips

Strategic Director

Chris Picardo

Partner

Tim Porter

Managing Director

Vivek Ramaswami

Partner

William Ruckelshaus

Strategic Director

Siddharth Shenai

Venture Partner

Steve Singh

Managing Director

Soma Somasegar

Managing Director

John Torrey

Venture Partner

Jon Turow

Partner

Dan Weld

Venture Partner

Past deals in Network Security

Eclypsium

Series C in 2025
Eclypsium, Inc. is a cybersecurity company based in Portland, Oregon, established in 2017. It specializes in developing a cloud-based device security platform designed to protect the firmware and hardware layers of organizational infrastructure, including laptops, servers, and networking equipment. The platform enables security teams to gain insights into vulnerabilities below the operating system, allowing them to implement essential security controls effectively. Additionally, Eclypsium focuses on digital supply chain security, ensuring the integrity of critical software, firmware, and hardware. By addressing risks associated with complex technology supply chains, Eclypsium supports enterprises and government agencies in safeguarding their infrastructure against threats originating from unprotected components.

Eclypsium

Series C in 2024
Eclypsium, Inc. is a cybersecurity company based in Portland, Oregon, established in 2017. It specializes in developing a cloud-based device security platform designed to protect the firmware and hardware layers of organizational infrastructure, including laptops, servers, and networking equipment. The platform enables security teams to gain insights into vulnerabilities below the operating system, allowing them to implement essential security controls effectively. Additionally, Eclypsium focuses on digital supply chain security, ensuring the integrity of critical software, firmware, and hardware. By addressing risks associated with complex technology supply chains, Eclypsium supports enterprises and government agencies in safeguarding their infrastructure against threats originating from unprotected components.

Eclypsium

Series B in 2022
Eclypsium, Inc. is a cybersecurity company based in Portland, Oregon, established in 2017. It specializes in developing a cloud-based device security platform designed to protect the firmware and hardware layers of organizational infrastructure, including laptops, servers, and networking equipment. The platform enables security teams to gain insights into vulnerabilities below the operating system, allowing them to implement essential security controls effectively. Additionally, Eclypsium focuses on digital supply chain security, ensuring the integrity of critical software, firmware, and hardware. By addressing risks associated with complex technology supply chains, Eclypsium supports enterprises and government agencies in safeguarding their infrastructure against threats originating from unprotected components.

Eclypsium

Series B in 2020
Eclypsium, Inc. is a cybersecurity company based in Portland, Oregon, established in 2017. It specializes in developing a cloud-based device security platform designed to protect the firmware and hardware layers of organizational infrastructure, including laptops, servers, and networking equipment. The platform enables security teams to gain insights into vulnerabilities below the operating system, allowing them to implement essential security controls effectively. Additionally, Eclypsium focuses on digital supply chain security, ensuring the integrity of critical software, firmware, and hardware. By addressing risks associated with complex technology supply chains, Eclypsium supports enterprises and government agencies in safeguarding their infrastructure against threats originating from unprotected components.

Eclypsium

Convertible Note in 2020
Eclypsium, Inc. is a cybersecurity company based in Portland, Oregon, established in 2017. It specializes in developing a cloud-based device security platform designed to protect the firmware and hardware layers of organizational infrastructure, including laptops, servers, and networking equipment. The platform enables security teams to gain insights into vulnerabilities below the operating system, allowing them to implement essential security controls effectively. Additionally, Eclypsium focuses on digital supply chain security, ensuring the integrity of critical software, firmware, and hardware. By addressing risks associated with complex technology supply chains, Eclypsium supports enterprises and government agencies in safeguarding their infrastructure against threats originating from unprotected components.

Tigera

Series B in 2018
Tigera Inc., established in 2016 with headquarters in San Francisco and an engineering office in Vancouver, specializes in providing open-source network security solutions for cloud-native applications. The company's flagship product is Calico, a unified platform that prevents, detects, and mitigates security breaches in Kubernetes clusters. Calico, powered by two seminal open-source projects, offers software-based networking solutions for enterprises embracing private, public, or hybrid cloud deployments. It is widely adopted, supporting over 100 million containers across millions of nodes globally, and used by prominent companies such as Discover, Chipotle, NBCUniversal, and Siemens Healthineers.

Eclypsium

Series A in 2018
Eclypsium, Inc. is a cybersecurity company based in Portland, Oregon, established in 2017. It specializes in developing a cloud-based device security platform designed to protect the firmware and hardware layers of organizational infrastructure, including laptops, servers, and networking equipment. The platform enables security teams to gain insights into vulnerabilities below the operating system, allowing them to implement essential security controls effectively. Additionally, Eclypsium focuses on digital supply chain security, ensuring the integrity of critical software, firmware, and hardware. By addressing risks associated with complex technology supply chains, Eclypsium supports enterprises and government agencies in safeguarding their infrastructure against threats originating from unprotected components.

Tigera

Series A in 2018
Tigera Inc., established in 2016 with headquarters in San Francisco and an engineering office in Vancouver, specializes in providing open-source network security solutions for cloud-native applications. The company's flagship product is Calico, a unified platform that prevents, detects, and mitigates security breaches in Kubernetes clusters. Calico, powered by two seminal open-source projects, offers software-based networking solutions for enterprises embracing private, public, or hybrid cloud deployments. It is widely adopted, supporting over 100 million containers across millions of nodes globally, and used by prominent companies such as Discover, Chipotle, NBCUniversal, and Siemens Healthineers.

Versive

Series C in 2017
Versive, Inc. is a cybersecurity company that specializes in developing artificial intelligence-based applications for enterprises to effectively address cybersecurity threats. Founded in 2012 and based in Seattle, Washington, with additional offices in New York, Menlo Park, and London, Versive offers the Versive Security Engine (VSE), which automates the detection of advanced persistent threats, insider threats, and malicious domains. This platform helps security teams by mapping adversary activities into actionable insights, thereby enabling proactive responses to threats. VSE functions as a critical component of a company’s security infrastructure, capable of identifying sophisticated internal and external threats across on-premises and cloud environments. As of October 2018, Versive operates as a subsidiary of eSentire Inc.

Icebrg

Series A in 2016
Icebrg is a network security software company founded in 2014 and headquartered in Seattle, Washington. It offers a machine-recognition-based platform that facilitates the deployment of enterprise-level security without the need for custom coding. This technology is designed to protect both proprietary and consumer data, allowing organizations and governments to respond swiftly to security threats. Icebrg's platform aims to reduce risk and improve response times by providing real-time forensics, enhancing the overall effectiveness of security measures.

Icebrg

Seed Round in 2014
Icebrg is a network security software company founded in 2014 and headquartered in Seattle, Washington. It offers a machine-recognition-based platform that facilitates the deployment of enterprise-level security without the need for custom coding. This technology is designed to protect both proprietary and consumer data, allowing organizations and governments to respond swiftly to security threats. Icebrg's platform aims to reduce risk and improve response times by providing real-time forensics, enhancing the overall effectiveness of security measures.

ExtraHop Networks

Series C in 2014
ExtraHop Networks, Inc. specializes in real-time wire data analytics solutions that enhance application and infrastructure monitoring for organizations. Founded in 2007 and based in Seattle, Washington, ExtraHop offers its ExtraHop platform, which provides operational intelligence to IT teams, enabling them to proactively identify and resolve issues, collaborate effectively, and support various IT initiatives. The company's offerings include the ExtraHop Addy cloud service, which utilizes machine learning to deliver real-time insights, and Reveal(x) 360, a SaaS-based solution designed for network detection and response across multicloud and hybrid environments. ExtraHop's technology supports a wide range of sectors, including healthcare, finance, retail, and government, by facilitating threat detection, investigation, and compliance. The company also provides professional services, training, and support to ensure effective deployment and utilization of its solutions.

Versive

Series B in 2014
Versive, Inc. is a cybersecurity company that specializes in developing artificial intelligence-based applications for enterprises to effectively address cybersecurity threats. Founded in 2012 and based in Seattle, Washington, with additional offices in New York, Menlo Park, and London, Versive offers the Versive Security Engine (VSE), which automates the detection of advanced persistent threats, insider threats, and malicious domains. This platform helps security teams by mapping adversary activities into actionable insights, thereby enabling proactive responses to threats. VSE functions as a critical component of a company’s security infrastructure, capable of identifying sophisticated internal and external threats across on-premises and cloud environments. As of October 2018, Versive operates as a subsidiary of eSentire Inc.

ExtraHop Networks

Series C in 2013
ExtraHop Networks, Inc. specializes in real-time wire data analytics solutions that enhance application and infrastructure monitoring for organizations. Founded in 2007 and based in Seattle, Washington, ExtraHop offers its ExtraHop platform, which provides operational intelligence to IT teams, enabling them to proactively identify and resolve issues, collaborate effectively, and support various IT initiatives. The company's offerings include the ExtraHop Addy cloud service, which utilizes machine learning to deliver real-time insights, and Reveal(x) 360, a SaaS-based solution designed for network detection and response across multicloud and hybrid environments. ExtraHop's technology supports a wide range of sectors, including healthcare, finance, retail, and government, by facilitating threat detection, investigation, and compliance. The company also provides professional services, training, and support to ensure effective deployment and utilization of its solutions.

Versive

Series A in 2013
Versive, Inc. is a cybersecurity company that specializes in developing artificial intelligence-based applications for enterprises to effectively address cybersecurity threats. Founded in 2012 and based in Seattle, Washington, with additional offices in New York, Menlo Park, and London, Versive offers the Versive Security Engine (VSE), which automates the detection of advanced persistent threats, insider threats, and malicious domains. This platform helps security teams by mapping adversary activities into actionable insights, thereby enabling proactive responses to threats. VSE functions as a critical component of a company’s security infrastructure, capable of identifying sophisticated internal and external threats across on-premises and cloud environments. As of October 2018, Versive operates as a subsidiary of eSentire Inc.

Versive

Seed Round in 2012
Versive, Inc. is a cybersecurity company that specializes in developing artificial intelligence-based applications for enterprises to effectively address cybersecurity threats. Founded in 2012 and based in Seattle, Washington, with additional offices in New York, Menlo Park, and London, Versive offers the Versive Security Engine (VSE), which automates the detection of advanced persistent threats, insider threats, and malicious domains. This platform helps security teams by mapping adversary activities into actionable insights, thereby enabling proactive responses to threats. VSE functions as a critical component of a company’s security infrastructure, capable of identifying sophisticated internal and external threats across on-premises and cloud environments. As of October 2018, Versive operates as a subsidiary of eSentire Inc.

Versive

Seed Round in 2012
Versive, Inc. is a cybersecurity company that specializes in developing artificial intelligence-based applications for enterprises to effectively address cybersecurity threats. Founded in 2012 and based in Seattle, Washington, with additional offices in New York, Menlo Park, and London, Versive offers the Versive Security Engine (VSE), which automates the detection of advanced persistent threats, insider threats, and malicious domains. This platform helps security teams by mapping adversary activities into actionable insights, thereby enabling proactive responses to threats. VSE functions as a critical component of a company’s security infrastructure, capable of identifying sophisticated internal and external threats across on-premises and cloud environments. As of October 2018, Versive operates as a subsidiary of eSentire Inc.

ExtraHop Networks

Series B in 2011
ExtraHop Networks, Inc. specializes in real-time wire data analytics solutions that enhance application and infrastructure monitoring for organizations. Founded in 2007 and based in Seattle, Washington, ExtraHop offers its ExtraHop platform, which provides operational intelligence to IT teams, enabling them to proactively identify and resolve issues, collaborate effectively, and support various IT initiatives. The company's offerings include the ExtraHop Addy cloud service, which utilizes machine learning to deliver real-time insights, and Reveal(x) 360, a SaaS-based solution designed for network detection and response across multicloud and hybrid environments. ExtraHop's technology supports a wide range of sectors, including healthcare, finance, retail, and government, by facilitating threat detection, investigation, and compliance. The company also provides professional services, training, and support to ensure effective deployment and utilization of its solutions.

Mobilisafe

Venture Round in 2011
Mobilisafe, founded in 2010 by Giri Sreenivas and Dirk Sigurdson, specializes in IT security software focused on mobile device management. The company offers a straightforward yet effective solution that enables organizations to assess and manage the risks associated with personal mobile devices connecting to their corporate networks. Currently, Mobilisafe is in a private beta phase, serving a diverse range of customers and positioning itself as a reliable authority on device trustworthiness.

ExtraHop Networks

Series A in 2009
ExtraHop Networks, Inc. specializes in real-time wire data analytics solutions that enhance application and infrastructure monitoring for organizations. Founded in 2007 and based in Seattle, Washington, ExtraHop offers its ExtraHop platform, which provides operational intelligence to IT teams, enabling them to proactively identify and resolve issues, collaborate effectively, and support various IT initiatives. The company's offerings include the ExtraHop Addy cloud service, which utilizes machine learning to deliver real-time insights, and Reveal(x) 360, a SaaS-based solution designed for network detection and response across multicloud and hybrid environments. ExtraHop's technology supports a wide range of sectors, including healthcare, finance, retail, and government, by facilitating threat detection, investigation, and compliance. The company also provides professional services, training, and support to ensure effective deployment and utilization of its solutions.

ExtraHop Networks

Seed Round in 2007
ExtraHop Networks, Inc. specializes in real-time wire data analytics solutions that enhance application and infrastructure monitoring for organizations. Founded in 2007 and based in Seattle, Washington, ExtraHop offers its ExtraHop platform, which provides operational intelligence to IT teams, enabling them to proactively identify and resolve issues, collaborate effectively, and support various IT initiatives. The company's offerings include the ExtraHop Addy cloud service, which utilizes machine learning to deliver real-time insights, and Reveal(x) 360, a SaaS-based solution designed for network detection and response across multicloud and hybrid environments. ExtraHop's technology supports a wide range of sectors, including healthcare, finance, retail, and government, by facilitating threat detection, investigation, and compliance. The company also provides professional services, training, and support to ensure effective deployment and utilization of its solutions.

Wireless Services Corporation

Series B in 2004
Wireless Services Corporation offers advanced data solutions for wireless carriers.

Aventail

Series E in 2001
Aventail is a Seattle, Washington provider of technology that allows employees to remotely access their corporate network. They were acquired by SonicWALL in June of 2007.

Aventail

Series E in 2001
Aventail is a Seattle, Washington provider of technology that allows employees to remotely access their corporate network. They were acquired by SonicWALL in June of 2007.

Wireless Services Corporation

Venture Round in 2000
Wireless Services Corporation offers advanced data solutions for wireless carriers.

Rendition Networks

Series B in 2000
Rendition Networks is a U.S.-based company founded in 1998 that specializes in network device automation technologies and network configuration control software. Its primary offering, the TrueControl solution, provides users with real-time insights into changing activities within their networks. The company was acquired by Opsware on December 2, 2004.
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