Paladin Capital Group, a cybersecurity and tech investment firm, has closed its Cyber Fund II on $372m.
According to Security Week, Cyber Fund II is a $372m multi-stage fund that the firm plans to deploy across a ‘number of high-priority cybersecurity and online safety sectors’ such as innovative technologies that protect critical infrastructure from cyberattacks and networks from ransomware.
The company claims it has already started investing capital from the fund into firms such as Virtuoso, Nisos and Corellium.
Michael Steed – founder and managing partner of Paladin – said, “At a time when cybersecurity could not be more important, Cyber Fund II is investing in digital solutions of absolute need to advance, sustain, and defend critical infrastructure and modern society.”
Paladin chief investment officer and managing director Christopher Steed added, “Paladin invests with a security-first mindset that builds digital resilience and facilitates innovation. With each of our cyber funds, we continue to strengthen our track record and expand our ability to identify cyber technologies of the future.
“By playing an active role at the Board level, we are able to help founders and management teams introduce and scale much-needed security technologies in both the public and private sectors.”
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