Paladin Capital Group

Paladin Capital Group is a global investment firm that supports and grows innovative companies through venture, expansion, and growth capital. The firm specializes in technology, products, and services with dual use for commercial and government markets, combining financial acumen with national security and technical expertise to add value across market sectors and stages. It emphasizes active investing, offering strategic guidance, access, and relationships to portfolio companies. Paladin focuses on digital infrastructure resilience and investments in advanced technologies and solutions that monitor, manage, and defend critical infrastructure dependent on cyberspace. Headquartered in Washington, DC, it maintains offices in New York, Silicon Valley, London, and Luxembourg, enabling it to source opportunities and support global growth.

Roxana Irina Big

Associate

Brenda Chia

Managing Director

Thomas Clute

Vice President

Philip Eliot

Investor

Winston Hickox

Venture Partner

Vin Lingathoti

Venture Partner

Ken Minihan

Managing Director

Michael Moniz

Managing Director

Peter O'Keefe

Venture Partner

Kenneth Pentimonti

Principal

Francois Ruether

Investor

Tyler Steed

Associate

Christopher Steed

Investor

Michael Steed JD

Co-Founder and Managing Partner

Katherine Thomas

Senior Associate

John Vernon

Associate

Gibb Witham

Investor

Mourad Yesayan

Managing Director

Past deals in Network Security

Insane Cyber

Seed Round in 2024
Insane Cyber is a specialized cybersecurity firm focusing on industrial sectors. It provides a platform that collects and analyzes data from various sources like network traffic, system logs, and user activity to protect critical infrastructure from sophisticated cyber threats. The company's automated analysis, powered by advanced algorithms and machine learning, aids in incident response and recovery. Additionally, Insane Cyber offers managed services to ensure the security of operational technology environments in industries such as energy, data centers, government, and oil and gas.

RADICL Defense

Seed Round in 2023
RADICL Defense focuses on providing military-grade cybersecurity solutions tailored for small and medium-sized businesses. The company specializes in safeguarding clients against advanced cyber threats and ransomware, particularly those associated with national security interests. By delivering robust protection against nation-state level cyberattacks, RADICL Defense aims to enhance the security posture of organizations that are critical to national defense and security sectors.

Hack The Box

Series B in 2023
Hack The Box Ltd. is a company that operates an online platform focused on enhancing skills in penetration testing and cybersecurity for individuals, organizations, and educational institutions. Founded in 2017 and based in Folkestone, United Kingdom, the platform facilitates both guided and exploratory learning experiences, allowing users to tackle real-world scenarios through various challenges, including capture the flag-style exercises. This approach enables cybersecurity professionals to improve their offensive and defensive capabilities, better preparing them for diverse cyber challenges. By offering tools for skills development and talent assessment, Hack The Box plays a crucial role in advancing cybersecurity readiness in the modern digital landscape.

Expel

Series E in 2022
Expel, Inc. is a cybersecurity company that specializes in managed security software and services. Founded in 2016 and based in Herndon, Virginia, Expel offers a comprehensive security operations center (SOC)-as-a-service, which includes managed detection and response (MDR), threat hunting, remediation, and phishing support. The company’s platform, known as the Expel Workbench™, facilitates a collaborative experience, allowing customers to engage actively in their security operations. Users can monitor live investigations or receive detailed alerts throughout the investigative process. Expel’s approach emphasizes transparency and efficiency, enabling security teams to focus on strategic priorities while swiftly addressing threats such as ransomware, phishing, and supply chain attacks. With dedicated analysts available around the clock, Expel aims to enhance organizations' security posture by swiftly identifying and mitigating risks while reducing the noise of false positives.

GreyNoise Intelligence

Series A in 2022
Founded in 2017, GreyNoise Intelligence specializes in cybersecurity by developing a platform that collects, analyzes, and labels data on Internet-wide scanners. Its service helps organizations identify suspicious network activity and prioritize threat analysis efficiently.

Nisos

Series B in 2022
Nisos is a managed intelligence and investigations firm that delivers cybersecurity and investigation platform-enabled services and products to address platform abuse, supply chain integrity, and nation-state level hacking. It offers protection of reputation and assets through adversarial attribution, incident response, valuation and diligence, threat detection and mitigation. Founded in 2015 and headquartered in Alexandria, Virginia, Nisos helps clients protect their assets and information in increasingly hostile digital environments.

Expel

Series E in 2021
Expel, Inc. is a cybersecurity company that specializes in managed security software and services. Founded in 2016 and based in Herndon, Virginia, Expel offers a comprehensive security operations center (SOC)-as-a-service, which includes managed detection and response (MDR), threat hunting, remediation, and phishing support. The company’s platform, known as the Expel Workbench™, facilitates a collaborative experience, allowing customers to engage actively in their security operations. Users can monitor live investigations or receive detailed alerts throughout the investigative process. Expel’s approach emphasizes transparency and efficiency, enabling security teams to focus on strategic priorities while swiftly addressing threats such as ransomware, phishing, and supply chain attacks. With dedicated analysts available around the clock, Expel aims to enhance organizations' security posture by swiftly identifying and mitigating risks while reducing the noise of false positives.

Hack The Box

Series A in 2021
Hack The Box Ltd. is a company that operates an online platform focused on enhancing skills in penetration testing and cybersecurity for individuals, organizations, and educational institutions. Founded in 2017 and based in Folkestone, United Kingdom, the platform facilitates both guided and exploratory learning experiences, allowing users to tackle real-world scenarios through various challenges, including capture the flag-style exercises. This approach enables cybersecurity professionals to improve their offensive and defensive capabilities, better preparing them for diverse cyber challenges. By offering tools for skills development and talent assessment, Hack The Box plays a crucial role in advancing cybersecurity readiness in the modern digital landscape.

Vectrix

Seed Round in 2020
Vectrix helps IT and security teams detect security issues across their SaaS applications. It looks at both data and users in SaaS apps to alert teams to issues ranging from unauthorized user access and file exposure to misconfigurations and shadow IT.

Nisos

Venture Round in 2020
Nisos is a managed intelligence and investigations firm that delivers cybersecurity and investigation platform-enabled services and products to address platform abuse, supply chain integrity, and nation-state level hacking. It offers protection of reputation and assets through adversarial attribution, incident response, valuation and diligence, threat detection and mitigation. Founded in 2015 and headquartered in Alexandria, Virginia, Nisos helps clients protect their assets and information in increasingly hostile digital environments.

GreyNoise Intelligence

Seed Round in 2020
Founded in 2017, GreyNoise Intelligence specializes in cybersecurity by developing a platform that collects, analyzes, and labels data on Internet-wide scanners. Its service helps organizations identify suspicious network activity and prioritize threat analysis efficiently.

Expel

Series D in 2020
Expel, Inc. is a cybersecurity company that specializes in managed security software and services. Founded in 2016 and based in Herndon, Virginia, Expel offers a comprehensive security operations center (SOC)-as-a-service, which includes managed detection and response (MDR), threat hunting, remediation, and phishing support. The company’s platform, known as the Expel Workbench™, facilitates a collaborative experience, allowing customers to engage actively in their security operations. Users can monitor live investigations or receive detailed alerts throughout the investigative process. Expel’s approach emphasizes transparency and efficiency, enabling security teams to focus on strategic priorities while swiftly addressing threats such as ransomware, phishing, and supply chain attacks. With dedicated analysts available around the clock, Expel aims to enhance organizations' security posture by swiftly identifying and mitigating risks while reducing the noise of false positives.

Expel

Series C in 2019
Expel, Inc. is a cybersecurity company that specializes in managed security software and services. Founded in 2016 and based in Herndon, Virginia, Expel offers a comprehensive security operations center (SOC)-as-a-service, which includes managed detection and response (MDR), threat hunting, remediation, and phishing support. The company’s platform, known as the Expel Workbench™, facilitates a collaborative experience, allowing customers to engage actively in their security operations. Users can monitor live investigations or receive detailed alerts throughout the investigative process. Expel’s approach emphasizes transparency and efficiency, enabling security teams to focus on strategic priorities while swiftly addressing threats such as ransomware, phishing, and supply chain attacks. With dedicated analysts available around the clock, Expel aims to enhance organizations' security posture by swiftly identifying and mitigating risks while reducing the noise of false positives.

GreyNoise Intelligence

Pre Seed Round in 2019
Founded in 2017, GreyNoise Intelligence specializes in cybersecurity by developing a platform that collects, analyzes, and labels data on Internet-wide scanners. Its service helps organizations identify suspicious network activity and prioritize threat analysis efficiently.

Expel

Series B in 2018
Expel, Inc. is a cybersecurity company that specializes in managed security software and services. Founded in 2016 and based in Herndon, Virginia, Expel offers a comprehensive security operations center (SOC)-as-a-service, which includes managed detection and response (MDR), threat hunting, remediation, and phishing support. The company’s platform, known as the Expel Workbench™, facilitates a collaborative experience, allowing customers to engage actively in their security operations. Users can monitor live investigations or receive detailed alerts throughout the investigative process. Expel’s approach emphasizes transparency and efficiency, enabling security teams to focus on strategic priorities while swiftly addressing threats such as ransomware, phishing, and supply chain attacks. With dedicated analysts available around the clock, Expel aims to enhance organizations' security posture by swiftly identifying and mitigating risks while reducing the noise of false positives.

Anomali

Series D in 2018
Anomali develops a unified security operations platform that consolidates and modernizes the entire security stack. Its AI-powered data lake integrates ETL, SIEM, Next-Gen SIEM, XDR, UEBA, SOAR, and TIP capabilities, enabling large enterprises to detect, investigate, and respond to threats with greater speed and precision.

Expel

Series A in 2016
Expel, Inc. is a cybersecurity company that specializes in managed security software and services. Founded in 2016 and based in Herndon, Virginia, Expel offers a comprehensive security operations center (SOC)-as-a-service, which includes managed detection and response (MDR), threat hunting, remediation, and phishing support. The company’s platform, known as the Expel Workbench™, facilitates a collaborative experience, allowing customers to engage actively in their security operations. Users can monitor live investigations or receive detailed alerts throughout the investigative process. Expel’s approach emphasizes transparency and efficiency, enabling security teams to focus on strategic priorities while swiftly addressing threats such as ransomware, phishing, and supply chain attacks. With dedicated analysts available around the clock, Expel aims to enhance organizations' security posture by swiftly identifying and mitigating risks while reducing the noise of false positives.

Cofense

Series C in 2016
Cofense specializes in anti-phishing threat management solutions, protecting businesses from phishing, malware, and drive-by attacks. Its key offerings include Cofense Triage for real-time attack insights, Cofense Reporter for employee reporting of suspicious emails, and Cofense Vision for comprehensive attack understanding. Additionally, Cofense provides intelligence services, a learning management system for cybersecurity awareness, and professional services such as consulting. Serving a wide range of industries, Cofense's platform leverages a global network of trained employees to report suspected threats, enhancing detection and response capabilities that complement existing email gateway technologies.

Anomali

Series C in 2016
Anomali develops a unified security operations platform that consolidates and modernizes the entire security stack. Its AI-powered data lake integrates ETL, SIEM, Next-Gen SIEM, XDR, UEBA, SOAR, and TIP capabilities, enabling large enterprises to detect, investigate, and respond to threats with greater speed and precision.

Shadow Networks

Venture Round in 2015
Shadow Networks, Inc. is a private company based in Santa Clara, California, founded in 2010. Specializing in security solutions for enterprise and government networks, it offers advanced cybersecurity services including Active Threat Deception technology. This innovative approach aims to combat sophisticated cyber threats, particularly Advanced Persistent Threats (APTs), which have proven difficult for traditional security measures to detect. The company's flagship product, ShadowBox, simulates large-scale hosts and networks, enabling effective threat detection without compromising the performance of actual networks. Shadow Networks is led by a team of experienced professionals, many of whom have backgrounds in major networking and security firms, as well as government research institutions. With a strong foundation built on years of government-funded research, the company has developed technologies already in use by the US Department of Defense and other agencies, positioning itself to significantly enhance cybersecurity for its clients.

Cofense

Series B in 2015
Cofense specializes in anti-phishing threat management solutions, protecting businesses from phishing, malware, and drive-by attacks. Its key offerings include Cofense Triage for real-time attack insights, Cofense Reporter for employee reporting of suspicious emails, and Cofense Vision for comprehensive attack understanding. Additionally, Cofense provides intelligence services, a learning management system for cybersecurity awareness, and professional services such as consulting. Serving a wide range of industries, Cofense's platform leverages a global network of trained employees to report suspected threats, enhancing detection and response capabilities that complement existing email gateway technologies.

Drawbridge Networks

Seed Round in 2014
Drawbridge Networks, Inc., founded in 2014 and based in New York, specializes in cybersecurity solutions designed to combat sophisticated cyber attacks that exploit vulnerabilities within organizational networks. As a subsidiary of OPAQ Networks, Inc., the company offers a unique product called PathProtect, which enhances network visibility and control. This innovative solution enables security teams to segment sensitive systems and swiftly quarantine infected hosts, thereby preventing lateral movement by attackers within the network. Drawbridge Networks focuses on empowering organizations to maintain control over their networks, addressing the evolving threat landscape where traditional perimeter defenses are no longer sufficient.

Anomali

Series B in 2014
Anomali develops a unified security operations platform that consolidates and modernizes the entire security stack. Its AI-powered data lake integrates ETL, SIEM, Next-Gen SIEM, XDR, UEBA, SOAR, and TIP capabilities, enabling large enterprises to detect, investigate, and respond to threats with greater speed and precision.

Newlans

Series B in 2014
Newlans Inc., established in 2003 and based in Acton, Massachusetts, specializes in programmable analog signal processing solutions for the semiconductor industry. As a fabless company, Newlans develops high-quality, programmable Silicon-on-Insulator (SOI) capacitors and components, primarily serving smartphone original equipment manufacturers and radio frequency front-end module suppliers. Its products enable tunable RFFE solutions, addressing the increasing demand for flexible and efficient RF front-ends in 4G LTE devices.

Shadow Networks

Series A in 2014
Shadow Networks, Inc. is a private company based in Santa Clara, California, founded in 2010. Specializing in security solutions for enterprise and government networks, it offers advanced cybersecurity services including Active Threat Deception technology. This innovative approach aims to combat sophisticated cyber threats, particularly Advanced Persistent Threats (APTs), which have proven difficult for traditional security measures to detect. The company's flagship product, ShadowBox, simulates large-scale hosts and networks, enabling effective threat detection without compromising the performance of actual networks. Shadow Networks is led by a team of experienced professionals, many of whom have backgrounds in major networking and security firms, as well as government research institutions. With a strong foundation built on years of government-funded research, the company has developed technologies already in use by the US Department of Defense and other agencies, positioning itself to significantly enhance cybersecurity for its clients.

Acalvio Technologies

Venture Round in 2014
Acalvio specializes in cyber deception technology, offering robust solutions such as Identity Threat Detection and Response (ITDR), Advanced Threat Detection, OT Security, Zero Trust, Active Directory Protection, and Ransomware Protection. Its patented ShadowPlex Cyber Deception Platform serves Fortune 500 enterprises and government agencies, deployable on-premises, in the cloud, or via managed service providers.

Anomali

Series A in 2014
Anomali develops a unified security operations platform that consolidates and modernizes the entire security stack. Its AI-powered data lake integrates ETL, SIEM, Next-Gen SIEM, XDR, UEBA, SOAR, and TIP capabilities, enabling large enterprises to detect, investigate, and respond to threats with greater speed and precision.

Cofense

Series A in 2012
Cofense specializes in anti-phishing threat management solutions, protecting businesses from phishing, malware, and drive-by attacks. Its key offerings include Cofense Triage for real-time attack insights, Cofense Reporter for employee reporting of suspicious emails, and Cofense Vision for comprehensive attack understanding. Additionally, Cofense provides intelligence services, a learning management system for cybersecurity awareness, and professional services such as consulting. Serving a wide range of industries, Cofense's platform leverages a global network of trained employees to report suspected threats, enhancing detection and response capabilities that complement existing email gateway technologies.

CloudShield Technologies

Series D in 2007
CloudShield Technologies, Inc. specializes in deep packet processing (DPP) solutions designed to enhance network security and traffic management for large network operators. The company's platforms, such as the CloudShield CS-4000 and CS-2000, enable intelligent inspection and manipulation of network traffic at high speeds, allowing for the detection and mitigation of cyber threats, including advanced malware and denial-of-service attacks. CloudShield's technology supports various security applications and services, facilitating effective content inspection without introducing latency. Additionally, the company offers a suite of cyber security tools, including a DNS firewall and a traffic monitoring solution for IPv6, as well as cyber security training and application development services. Founded in 2000 and headquartered in Sunnyvale, California, CloudShield Technologies serves a diverse clientele, including major carriers and government agencies across North America, Europe, and Asia. It has operated as a subsidiary of Lookingglass Cyber Solutions, LLC since February 2015.

Arxan Technologies

Series C in 2007
Arxan Technologies, Inc. is a leading provider of application protection solutions, specializing in safeguarding critical applications deployed across various platforms, including mobile devices, desktops, and embedded systems in the Internet of Things (IoT). The company offers a range of services designed to protect both source and binary code, enhancing the security perimeter for organizations. Its product lineup includes GuardIT, EnsureIT, TransformIT, and Arxan for Web, which utilize advanced technologies such as code hardening, obfuscation, white-box cryptography, and threat analytics. Arxan's solutions cater to diverse sectors, including financial services, healthcare, automotive, gaming, and e-commerce, and are designed to operate without interfering with software development processes or runtime performance. In addition to its software products, the company provides professional services, including risk assessments and protection design, aimed at ensuring comprehensive security for its clients. Founded in 2001 and headquartered in San Francisco, California, Arxan Technologies has established strategic alliances with notable firms to enhance its offerings.

Application Security

Series C in 2006
Application Security, Inc. specializes in database security, risk, and compliance solutions for enterprises globally, helping organizations safeguard their data. Founded in 2001 and headquartered in New York, the company provides products such as DBProtect and AppDetectivePro, which facilitate database scanning, vulnerability assessments, and activity monitoring to enhance security and compliance. These tools assist in identifying configuration errors, access control issues, and vulnerabilities that could lead to data breaches or denial-of-service attacks. Application Security serves a diverse range of sectors, including government, banking, healthcare, manufacturing, transportation, energy, and communications, and works with notable partners like IBM, Microsoft, and Oracle. By offering comprehensive solutions for database security, the company enables clients to extend their data protection measures effectively.

CounterStorm

Series B in 2005
CounterStorm, Inc. is a software company headquartered in New York, New York, that specializes in modular threat detection and mitigation software development kits (SDKs). Founded in 2001, the company serves security and infrastructure firms, as well as sophisticated government and commercial end users, providing them with tools to enhance their cybersecurity capabilities. Formerly known as System Detection, Inc., CounterStorm operates as a subsidiary of Trusted Computer Solutions, Inc. Through its innovative SDKs, the company aims to empower its clients to effectively identify and address potential security threats in their systems.

CloudShield Technologies

Series C in 2005
CloudShield Technologies, Inc. specializes in deep packet processing (DPP) solutions designed to enhance network security and traffic management for large network operators. The company's platforms, such as the CloudShield CS-4000 and CS-2000, enable intelligent inspection and manipulation of network traffic at high speeds, allowing for the detection and mitigation of cyber threats, including advanced malware and denial-of-service attacks. CloudShield's technology supports various security applications and services, facilitating effective content inspection without introducing latency. Additionally, the company offers a suite of cyber security tools, including a DNS firewall and a traffic monitoring solution for IPv6, as well as cyber security training and application development services. Founded in 2000 and headquartered in Sunnyvale, California, CloudShield Technologies serves a diverse clientele, including major carriers and government agencies across North America, Europe, and Asia. It has operated as a subsidiary of Lookingglass Cyber Solutions, LLC since February 2015.

Digital Evolution

Series C in 2004
Digital Evolution is a provider of Web Services Management and Security solutions. The company's products and services provide organizations with the ability to take advantage of XML and Web Services in distributed computing environments while ensuring the performance, efficiency and security of an enterprise Web services infrastructure. The company is headquartered in Santa Monica, California, with sales offices in Boston, New York City, and San Francisco.

CloudShield Technologies

Series C in 2004
CloudShield Technologies, Inc. specializes in deep packet processing (DPP) solutions designed to enhance network security and traffic management for large network operators. The company's platforms, such as the CloudShield CS-4000 and CS-2000, enable intelligent inspection and manipulation of network traffic at high speeds, allowing for the detection and mitigation of cyber threats, including advanced malware and denial-of-service attacks. CloudShield's technology supports various security applications and services, facilitating effective content inspection without introducing latency. Additionally, the company offers a suite of cyber security tools, including a DNS firewall and a traffic monitoring solution for IPv6, as well as cyber security training and application development services. Founded in 2000 and headquartered in Sunnyvale, California, CloudShield Technologies serves a diverse clientele, including major carriers and government agencies across North America, Europe, and Asia. It has operated as a subsidiary of Lookingglass Cyber Solutions, LLC since February 2015.

Arxan Technologies

Series B in 2003
Arxan Technologies, Inc. is a leading provider of application protection solutions, specializing in safeguarding critical applications deployed across various platforms, including mobile devices, desktops, and embedded systems in the Internet of Things (IoT). The company offers a range of services designed to protect both source and binary code, enhancing the security perimeter for organizations. Its product lineup includes GuardIT, EnsureIT, TransformIT, and Arxan for Web, which utilize advanced technologies such as code hardening, obfuscation, white-box cryptography, and threat analytics. Arxan's solutions cater to diverse sectors, including financial services, healthcare, automotive, gaming, and e-commerce, and are designed to operate without interfering with software development processes or runtime performance. In addition to its software products, the company provides professional services, including risk assessments and protection design, aimed at ensuring comprehensive security for its clients. Founded in 2001 and headquartered in San Francisco, California, Arxan Technologies has established strategic alliances with notable firms to enhance its offerings.
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