Evolution Equity Partners

Imagine the largest football stadium you've ever seen.  Now, picture 50 of them.  Still, not enough seats to hold all the cybersecurity professionals the world needs. • 3.5 million cybersecurity positions remain vacant worldwide • 500,000 unfilled roles in the U.S. alone • 0% unemployment rate for senior positions Ask any CISO, and they'll tell you what these numbers mean: Understaffed teams scramble to manage incidents while security professionals buckle under impossible workloads.  A ruthless salary bidding war has erupted – companies either drain budgets on new talent or watch their teams get poached.  Critical digital transformation and AI initiatives sit dormant, starved of essential security oversight. Also concerning is the growing challenge of maintaining regulatory compliance without adequate specialized personnel.  Organizations face increased exposure to hefty fines and reputational damage. How can you combat these challenges?  Jason Shockey, CISO at Cenlar FSB, chats solutions on Cybercrime Magazine’s podcast 👇 Source: Cybercrime Magazine, Cybersecurity Ventures, CyberSeek, and Esentire #Cybersecurity #Leadership #TalentCrisis #CISO Found this insightful? Follow Evolution Equity Partners for more on the intersection of AI and cybersecurity.

While AI can potentially enhance cybersecurity and fraud detection significantly, it also presents new challenges and risks. Cybercriminals can leverage AI to create more sophisticated attacks, and many organizations still need to be adequately prepared to manage the risks associated with AI implementation. Some of the risks and challenges we’re concerned the most about: 1. Data privacy and security, as 80% of AI decision-makers are worried about data privacy and security in enterprise contexts.  2. Lack of governance and risk management. 93% of U.S. businesses lack a comprehensive governance framework for GenAI, and only 10% have reliable systems to measure bias and privacy risk in LLMs. 3. There's increased chatter about AI in dark web forums and illicit markets, indicating threat actors are exploring ways to leverage AI for malicious purposes. 4. 70% of fraud-management officials believe criminals are more skilled at using AI for financial crime than banks are at using it for prevention. With AI as an accomplice, fraudsters are causing record-breaking financial losses, with estimates reaching up to $200 billion in 2023. AI is indeed a double-edged sword. Is your organization protected against a potential AI-native threat? 💬 #cybersecurity #ai #defendandprotect #enterprise #saas

Arctic Wolf has been named by Fortune as a Best Workplace in Technology™ 2024. Arctic Wolf's vendor-neutral approach ensures comprehensive cybersecurity protection across various environments, from endpoints to the cloud. This makes them an ideal partner for midsize and large enterprises seeking enterprise-grade security. Their excellence continues to garner recognition: • CNBC Disruptor 50 (3rd consecutive year) • Deloitte Technology Fast 500™ (5th consecutive year) • Leader in 2024 IDC MarketScape for Worldwide Managed Detection and Response Services Evolution Equity Partners is proud to support Arctic Wolf's mission to combat cyber risk. Their journey from startup to industry leader exemplifies innovation, expertise, and dedication to cybersecurity excellence. Congratulations to field CTO Christopher Fielder and the Arctic Wolf team on their continued success and invaluable contributions to the cybersecurity landscape. #Cybersecurity #TechUnicorn #CybersecurityExcellence 🔔 Follow Evolution Equity Partners for more insights on Cybersecurity and Venture Capital.

At $9.0B for FY'24, Accenture eclipsed every pure-play security firm in the public markets. What does its dominance mean for the future of specialized cybersecurity firms? Making 2.5% more revenue than Palo Alto Networks. Raking in 63% more than Fortinet Dwarfing CrowdStrike by 157% The top 3 pure-play cybersecurity companies combined barely match Accenture's cybersecurity revenue. Revenue in the cybersecurity market is projected to reach US$185.70bn in 2024, but the cybersecurity landscape is clearly shifting: Is deep specialization becoming less valuable than broad integration capabilities? Will pure-play cybersecurity firms become acquisition targets for tech giants and consulting behemoths? The implications are huge for customers, employees, and investors. Ultimately, it speaks to the evolving nature of the cybersecurity market. While specialized providers have thrived, the ability of large, diversified firms like Accenture to bundle security into broader technology and consulting offerings may be a disruptive force. Seeing how this dynamic plays out over the next few years will be fascinating. Source: Strategy of Security and Statistica 🔔 Stay informed on Cybersecurity and Venture Capital trends - Connect with Evolution Equity Partners for regular industry insights.

Congratulations to Torq, Halcyon, Phosphorus Cybersecurity Inc. and all of the finalist for being named to the CRN Stellar Startups 2024. CRN shines a spotlight on some of the most exciting channel-focused startup vendors with leading-edge technologies that are creating new opportunities for solution providers. #DefendAndProtect, #EvolutionPortfolio, #Cybersecurity https://lnkd.in/gQi3U-rR

The United States Department of Defense has recently made significant developments regarding its zero-trust implementation strategy that will impact the entire cybersecurity sector. The Pentagon has committed to achieving target-level zero trust maturity across all components by FY2027, with an implementation framework spanning 45 capabilities across seven core pillars. They're currently evaluating 18 distinct proofs of concept, with 12 ready for assessment, and are actively working with major cloud providers, including Microsoft, Google, Amazon, and Oracle.¹ This federal push creates substantial market opportunities in the zero-trust space. The DoD's approach - requiring vendors to meet 91 target activities and progress toward 152 advanced activities - effectively sets new industry benchmarks. Their evaluation framework through MIT Lincoln Labs will likely become a 𝘥𝘦 𝘧𝘢𝘤𝘵𝘰 standard for enterprise zero trust implementations, influencing federal and commercial purchasing decisions. The focus on interoperability and certified solutions suggests a shift from point products to integrated zero-trust platforms. As investors, we’re actively looking at companies addressing critical capability gaps in zero-trust architecture, particularly in areas like:  - Federated identity management - Automated orchestration - Continuous validation. The DoD's emphasis on cloud-native implementations and ship-to-shore use cases also highlights opportunities in specialized zero-trust solutions for hybrid environments and OT/IT convergence. We are particularly interested in connecting with founders working on zero-trust solutions that scale across complex enterprise architectures while maintaining operational efficiency. If you or someone you know are working on this, please DM us. #cybersecurity #defendandprotect #DoD ¹ Read more here: https://lnkd.in/g6GnwCs2

Evolution Equity Partners celebrates Veterans Day by honoring all who served. To veterans everywhere, THANK YOU! #DefendAndProtect, #VeteransDay2024

Join Evolution Equity Partners , HSBC Innovation Banking and the NYSE for an exclusive Cybersecurity Innovation Day event in San Francisco during the afternoon of November, 13th from 2:00 PM to 6:30 PM. The NYSE has graciously offered the use of their downtown location to showcase the latest trends and forward-thinking solutions aimed at tackling some of the most relevant topics and innovations within cybersecurity. Enjoy a lineup of impressive speakers including Taher Elgamal, Partner at Evolution. #DefendAndProtect, #EvolutionPortfolio, #Cybersecurity https://lu.ma/5yosxm59

Bridging the gender gap in cybersecurity is crucial for a secure digital world. At Evolution Equity Partners, we’re committed to supporting organizations on a mission to close the gender gap through educational programs and awareness initiatives. We advocate for higher participation of women in cybersecurity positions since more diverse teams are likely to create security solutions that consider a more comprehensive range of user behaviors and needs, potentially leading to more effective and inclusive security measures. Kudos to Women in CyberSecurity (WiCyS) for their continued efforts contributing to a more sound cybersecurity ecosystem! 👏 Listen to Richard Seewald, Founder & Managing Partner at Evolution Equity Partners, and Aleksandr Yampolskiy, Co-Founder & CEO at SecurityScorecard, on Nasdaq TradeTalks with Jill Malandrino as they discuss this and many more cybersecurity topics for #CybersecurityAwarenessMonth: https://lnkd.in/dSAEv66w #cybersecurity #gendergap #womenincybersecurity 🔔 Follow Evolution Equity Partners for regular insights on Cybersecurity and Venture Capital.

In today’s AI-driven world, Service-as-a-Software-as-a-Service (SaaSaaS) marks a transformative model for delivering scalable, automated services powered by GenAI, via software. This approach redefines the economics of service delivery by eliminating the need for large, service-oriented teams. My latest article explores how SaaSaaS drives cost savings, quality improvements, and continuous innovation across sectors. https://lnkd.in/eVzWHKhP  #SaaSaaS #GenAI #BusinessTransformation #centerofexcellence