DataTribe, a venture firm focused on transforming government-led cybersecurity innovations for private sector use, has successfully raised $41 million for its third fund. The firm aims to leverage the expertise of recent government alumni, enabling them to apply their knowledge and technologies outside of government settings. This strategy places DataTribe in a unique position amid the evolving landscape of defence technology and cybersecurity.
Key Points
- DataTribe raised $41 million to invest in cybersecurity innovations for the private sector.
- The firm works with recent government talent to adapt existing technologies for commercial applications.
- DataTribe aims to insulate itself from government contract dependencies, focusing instead on R&D opportunity in government.
- It prefers early-stage investments, often writing checks of $2 million to $3 million, with significant equity stakes in its companies.
- One of its portfolio companies, Dragos, has reached a valuation of $1.7 billion, serving as a testament to DataTribe’s successful strategy.
Why should I read this?
If you’re interested in the intersection of government and commercial technology, this article is a must-read! It highlights how DataTribe is capitalising on the wealth of cybersecurity expertise within government to fuel private sector innovation. With increasing cybersecurity challenges, understanding these movements could give you insights into the future of tech investment and strategy. Plus, who wouldn’t want to know how a firm twists traditional VC approaches to tap into this hidden potential?
