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Momentum’s Watch List

Advisors & Dealmakers In Cybersecurity

Momentum Partners, LLC •  Advise. Network. Invest.

Company Commentary

§ Venafi, the Immune System for the Internet™ and provider of Next Generation Trust Protection, protects cryptographic keys and digital certificates and eliminates blind spots from threats hidden in encrypted traffic

§ Venafi protects 4 of the top 5 U.S. banks, 8 of the top 10 U.S. health insurance companies and 4 of the top 7 U.S. retailers

§ Leadership: Jeff Hudson (CEO) and Peter Bartok (CTO)

§ Bugcrowd is the pioneer and innovator in crowdsourced security for the enterprise; it harnesses the creativity of more than 25,000 security researchers to surface critical vulnerabilities before the bad guys exploit them, levelling the playing field

§ Bugcrowd's Crowdcontrol® platform safely orchestrates a flexible array of managed bug bounty, penetration test, and responsible disclosure offerings against web, mobile, IoT, and infrastructure targets.

§ Leadership: Casey Ellis (CEO)

§ Auth0’s zero-friction Identity-as-a-Service platform for authentication and authorization allows developers to implement even the most complex identity solutions for their web, mobile and internal applications, APIs and IoT devices

§ “In the same way Twilio democratized access to SMS and voice communications, Auth0 developed an identity service to eliminate the growing complexity of authentication and authorization for developers,” said, David Cowan, Investor

§ Leadership: Jon Gelsey (CEO), Matias Woloski (CTO) & Eugenio Pace (Co-founder)

§ Flashpoint provides the reports, tools, data and access to experts necessary to obtain tactical, operational and strategic intelligence from the Deep & Dark Web

§ Flashpoint’s state-of-the-art platform illuminates threatening actors, relationships, behaviors and networks concealed within the Dark & Deep Web to reduce the costs of fraud, data loss, reputational damage or other attacks

§ Leadership: Josh Lefkowitz (CEO) and Evan Kohlmann (Chief R&D Officer)

§ FireLayers came out of stealth mode in 2014 with a rules-based, proxy-server approach to cloud security

§ FireLayers provides a comprehensive policy-based security, compliance and IT Governance platform for Cloud applications including Salesforce, O365, Google, Box, ServiceNow and Yammer, among others

§ Leadership: Yair Grindlinger (CEO) and Doron Elgressy (President)

Company Commentary

§ Twistlock is the industry’s first enterprise security suite for virtual container security; it too is containerized, running as an agentless privileged container alongside your app

§ The suite enables enterprises to enforce security policies, monitor and audit activity and identify and isolate threats in a container or cluster of containers

§ Twistlock is backed by YL Ventures § Leadership: Ben Bernstein (CEO) and Dima Stopel (VP, R&D)

§ Team8 is part think tank, part venture capitalist and part startup incubator focused on developing disruptive technologies and launching new cybersecurity companies

§ Team8 launched its first company, Illusive Networks, which pioneered deception-based post-breach cybersecurity with its patent pending Deceptions Everywhere™ technology

§  It plans to launch two companies in 2016 including one focused on industrial security § Leadership: Nadav Zafrir (CEO) and Israel Grimberg (Chief Innovation Officer)

§  Identity Finder is a provider of sensitive data management technologies which help organizations avoid costly data breaches by finding and protecting confidential data such as personal information, medical records, credit card accounts and intellectual property stored across the enterprise, within e-mail, and the cloud

§  Identity Finder’s Sensitive Data Manager™ is built on industry-leading data logic algos

§ Acquired by Inverness Graham, a private investment firm, in January 2015

§ Leadership: Todd Feinman (CEO) and David Goldman (President)

Source: Momentum Partners, PitchBook Data, CrunchBase, Company Press Releases.

Raised: $56M HQ: Salt Lake City, UT

Raised: $9.1M HQ: San Francisco, CA

Raised: $11.7M HQ: Bellevue, WA

Raised: $5M HQ: New York, NY

Raised: ND HQ: Israel / Silicon Valley

Raised: $41M HQ: Israel / NY

Raised: $2.5M HQ: San Francisco, CA

Raised: NA HQ: New York, NY

Raised: $33M HQ: Arlington, VA

§ Distil Networks provides an automated, intelligent bot detection and mitigation solution focused on preventing web scraping and eliminating form spam and click fraud

§ Acquired rival ScrapeSentry who uses human analysts to understand bot behavior

§ “Eliminating bots from network traffic provides a foundation of cyber security that eliminates entire classes of attack,” said David Cowan, Board Member and Investor

§ Leadership: Rami Essaid (CEO), Engin Akyol (CTO) & Andrew Stein (Chief Scientist)

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Momentum’s Watch List – Q1 2016 Selected Private Companies With Tremendous Momentum.

Raised: ND HQ: San Francisco, CA

§ SAASPASS eliminates passwords by providing two-factor authentication-as-a-service and secure SSO for physical devices and digital applications with numerous integrations and adapters for on-premise, hybrid, custom and cloud applications

§  Integrations with Google Apps, O365, Salesforce, Netsuite, Dropbox, Zoho, Zendesk, AWS, Box, AppDynamics and SumoLogic, among others

§ Leadership: Karatas Bros – Selahaddin (CEO), Fatih (CFO), Omer (VP, Sales)

Series A (10/25/15): $32.5M

Q2 2015

Acquired By (11/09/15):

Q3 2015 Q4 2015

Series A (02/10/16): $8M

Series D (09/30/15): $35M

Series B (09/29/15): $25M

Seed (12/18/15): NA

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Momentum’s Watch List – Q2 2015 to Q4 2015 A Look Back At Those Companies With Momentum From Previous Quarters.���

Raised: $9.2M HQ: Woodside, NY

Company Commentary

§ Phantom Cyber truly automates enterprise security operations. Phantom Cyber arms security operations with the automation and orchestration solutions that ready them to defend their company’s business

§ “Phantom is a force-multiplier for our security team,” said Jay Leek, Chief Information Security Officer at Blackstone

§ Leadership: Oliver Friedrichs (CEO) and Sourabh Satish (CTO)

§ ProtectWise is disrupting the network security industry with its Cloud Network DVR, a virtual camera in the cloud that records everything on the network

§ “We are driving a shift away from the old school, prevention-centric, endpoint approach to network security to a modern, integrated platform approach that is based on vastly improved detection, visibility and response,” said Scott Chasin, CEO

§ Leadership: Scott Chasin (CEO) and Gene Stevens (CTO)

§ ThreatQuotient is the only Threat Intelligence Platform (TIP) that centrally manages and correlates unlimited external sources with all internal security and analytics solutions for contextual, operationalized intelligence in a single pane of glass

§ Revolutionizing cyber defense capabilities by building an analyst-driven application that helps organizations manage threat intelligence to defend against cyber attacks

§ Leadership: John Czupak (CEO), Wayne Chiang (Chief Architect), & Ryan Trost (CTO)

§ Fortscale turns the tables on insider threats by delivering the industry’s most precise, scalable and extendible user behavior analytics solution

§ Using machine learning, Fortscale first detects unusual user behavior, then ranks the results in order of their anomalousness, all with continuous tuning to optimize future results in order to provide unmatched threat detection accuracy

§ Recent investment by CME Ventures (CME Group) and UST Global for expansion

§ Leadership: Idan Tendler (CEO) and Dr. Yona Hollander (COO)

§ RedSeal provides a cybersecurity analytics solution to Global 2000 organizations that helps maximize their digital resilience. RedSeal’s advanced analytics engine creates functioning network models, tests networks to identify security risks, prioritizes needed actions, and provides critical information to quickly remediate issues

§ Recently named to Deloitte’s Technology Fast 500, growing 137% year-over-year

§ Leadership: Ray Rothrock (Chairman & CEO)

§ LookingGlass is the leader in threat intelligence driven security and dynamic threat defense generating, sourcing, and delivering the most extensive sources of threat data available out of the box through its ScoutVision and Virus Tracker products

§ Recently acquired Cyveillance, a leader in open-source threat intelligence (OSINT)

§ Other acquisitions include CloudShield and Kleissner and Associates § Leadership: Chris Coleman (CEO) and Randy Brumfield (COO)

Commentary

§ Area 1 Security, a stealth cybersecurity company that is dedicated to eliminating targeted phishing and malicious social engineering attacks through a globally-distributed sensor network, taking a data-driven approach to provide timely and accurate visibility into the delivery mechanisms attackers are using

§ Founded by security and data analytics experts from NSA, MIT and Disney

§ Leadership: Oren Falkowitz (CEO) and Blake Darche (Chief Security Officer)

§ Wandera provides a cloud-based Secure Mobile Gateway to secure mobile devices from cyber criminals while at the same time providing mobile data optimization and real-time intelligence, which provides granular control and visibility over data usage and generates immediate ROI

§ Partner ecosystem includes AT&T, BT & Samsung as well MDM players

§ Leadership: Eldar Tuvey (CEO) and Roy Tuvey (President)

§ ForeScout offers the unique ability to see devices the instant they connect to the network, control them and orchestrate information sharing and operation among disparate security tools without requiring software agents or previous device knowledge

§ ForeScout’s shares contextual data it discovers about endpoints with other security vendors through its ControlFabricArchitecture making existing tools smarter

§ Named 1 of 20 fastest growing security companies in 2015 (Silicon Review)

§ Leadership: Michael DeCesare (CEO), Oded Comay (CTO)

§ Peerlyst is an on-line network of security professionals, including some of the top CISOs, effectively helping security professionals succeed through sharing

§ “There aren’t a lot of places for security pros to collaborate — they can read tech magazines and content but there’s not one place for them to do all that and get information on products,” says Founder Limor Elbaz

§ Leadership: Limor Elbaz (CEO)

Source: Momentum Partners, PitchBook Data, CrunchBase, Company Press Releases.

Raised: $37.2M HQ: Denver, CO

Raised: $12.2M HQ: Sterling, VA

Raised: $16M HQ: San Mateo, CA

Raised: $56M HQ: Sunnyvale, CA

Raised: $82.5M HQ: Arlington, VA

Raised: $26M HQ: London / SF

Raised: $25.5M HQ: Redwood City, CA

Raised: $186.4M HQ: Campbell, CA

Raised: $3M HQ: San Francisco, CA

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Momentum’s Watch List – Q4 2015 Selected Private Companies With Tremendous Momentum.

Company

Raised: $2.5M HQ: Israel / NY

Company / $ Raised

Description / Commentary Company / $ Raised

Description / Commentary Company Commentary Commentary

Raised: $42M HQ: Mountain View, CA

Raised: $21.5M HQ: Santa Clara, CA

Raised: NA HQ: Seattle, WA

Raised: $32.5M HQ: Fulton, MD

Raised: $14M HQ: San Mateo, CA

Raised: $16.3M HQ: Atlanta, GA

Raised: NA HQ: San Francisco, CA

Raised: $10.5M HQ: Israel / Boston

Raised: $17M HQ: Boston, MA

§ vArmour is a data center security company offering a new, patented distributed approach to securing virtual and cloud assets. It’s Distributed Security System is a single logical system composed of multiple autonomous, distributed sensors and enforcement points that are connected by an intelligent fabric

§ vArmour’s approach provides immediate insight into a data center’s risk profile

§ Leadership: Timothy Eades (CEO) and Michael Shieh (CTO)

§ Shadow Networks leverages disruptive technology originally developed for the U.S. Government to help organizations protect their network and resources from attackers

§ Applying patented virtualization and SDN technology, Shadow Networks creates virtual environments to deceive attackers, help organizations hide critical assets and ultimately understand the elusive intent of the APTs

§ Leadership: Johnson Wu (CEO) and Ryan McKinney (Director, Bus Dev)

§ DomainTools provides Cyber Threat Intelligence and Cybercrime Forensics tools built upon the world’s most comprehensive database of domain name registrations, IP address allocations and website hosting data

§ DomainTools’ extensive “outside the firewall” data helps organizations assess security threat risks, profile attackers and map malicious online activity to investigate attacks

§ Leadership: Tim Chen (CEO) and Dr. Bruce Roberts (CTO)

§  IronNet was founded by retired four-star general and former NSA Director Keith Alexander and includes a leadership team of former heads of and top advisors to the NSA, the National Counterterrorism Center, US Cyber Command and Army Intelligence

§  IronNet offers an integrated, end-to-end approach to cybersecurity that offers patent-pending technology, providing real-time threat assessment, complex behavioral modeling, big data analytics and proactive responses, along with consulting services

§ Leadership: Keith Alexander (CEO) and Matt Olsen (President)

§ Bastille is pioneering IoT security with next-generation security sensors and airborne emission detection. Bastille’s ambient detection enables security teams to prevent RF data leakage by identifying airborne threats and flows. The patented solution also provides complete visibility into the location and movement of each IoT device

§ Bastille’s product roadmap includes the development of intrusion prevention technology

§ Leadership: Chris Risley (CEO) and Chris Rouland (CTO)

§ Hexadite’s proprietary SWAT technology, Hexadite AIRS automates cyber alert investigations from an organization’s layered security solutions, including network and endpoint systems, as well as identity (authentication) and 3rd party log repositories

§ Hexadite’s proprietary approach doesn’t require the installation of any agents and integrates with existing solutions such as IBM, FireEye, Splunk, Check Point & Symantec

§ Leadership: Eran Barak (CEO) and Idan Levan (CTO)

§ Survela is a leader in the Digital Surveillance space, protecting the reputation, privacy and security of executives, SMBs and enterprises. Survela’s technology provides broad Internet visibility (Deep Web) and tracks and finds deeply hidden content

§ Survela’s team of security experts use semantic and threat intelligence technology to treat enormous volumes of information that affect millions of people and brands

§ Leadership: Julio Casal (CEO) and Francisco Munoz Mansilla (CTO)

§ Nuro is a cognitive enterprise-grade group messaging platform designed for businesses to communicate in a controlled and compliant environment. Nuro is the only group-messaging platform that provides four layers of security: device-level, encryption in-transit, encryption at-rest, and cognitive security that predicts breaches.

§ Nuro, as a DLP, protects from inside threat, that remains the most consistent security issue facing organizations. Nuro is available as SaaS, on-prem, hybrid and on mobile

§ Leadership: Eran Pfeffer (CEO) and Omri Sigelman (CMO)

§ Barkly is a provider of endpoint security solutions. Barkly combines a proprietary, high performance, local protection agent with SaaS-based reporting and management to provide real-time defense against advance threats, including zero-day attacks

§ Powered by advanced behavioral analytics, the Barkly agent is invisible to both end users and attackers, and is simple to deploy and manage

§ Leadership: Mike Duffy (CEO) and Jack Danahy (CTO)

§ TrapX offers a deception-based cyber defense platform. The TrapX DeceptionGrid automates the deployment of a network of camouflaged malware traps that are intermingled with an organization’s real IT resources

§ The platform also provides packet inspection of outbound traffic to identify malicious behavior on existing servers

§ Leadership: Gregory Enriquez (CEO) and Yuval Malachi (CTO)

Source: Momentum Partners, PitchBook Data, CrunchBase, Company Press Releases. 5

Momentum’s Watch List – Q3 2015 Selected Private Companies With Tremendous Momentum.

Company

Raised: NA HQ: New York, NY

Company / $ Raised

Description / Commentary Company / $ Raised

Description / Commentary Company Commentary Commentary

Raised: $77.8M HQ: San Jose, CA

Raised: $77M HQ: Irvine, CA

Raised: $40.5M HQ: United Kingdom

Raised: $35M HQ: San Francisco, CA

Acquired: Blue Coat HQ: San Jose, CA

Raised: $35M HQ: Menlo Park, CA

Raised: $14.2M HQ: Ft Lauderdale, FL

Raised: $35M HQ: San Mateo, CA

Raised: $2.1M HQ: Nashua, NH

§ Vectra analyzes inbound/outbound Internet traffic as well as traffic moving laterally across internal networks to detect attacks and suspicious host behavior from malware

§ Recognized by Gartner as one of the “cool” vendors in security intelligence that offers “highly innovative” technologies that address an organization’s demand for data-driven analytics and advanced detection solutions

§ Leadership: Hitesh Sheth (CEO) and Oliver Tavakoli (CTO)

§ Cylance – The Next Generation of Antivirus” – is the first company to apply artificial intelligence, algorithmic science and machine learning to cybersecurity

§ Cylance builds a mathematical model of how software should work and prevents anything else from running, resulting in an AV/anti-malware program that requires only 30Mb of space and doesn’t need frequent updates or a database of signatures

§ Leadership: Stuart McClure (CEO) and Ryan Permeh (Chief Scientist)

§ Darktrace – the leader in “Enterprise Immune System technology” – is based on new mathematics and machine learning developed at the University of Cambridge

§ Darktrace’s technology is capable of learning ‘self’–what constitutes the normal pattern of life of the organization, its users and devices–and detecting subtle deviations from this normal behavior, which suggest a compromise, breach or cyber-attack

§  Leadership: Nicole Eagan (CEO) and Jack Stockdale (CTO)

§ RiskIQ’s SaaS service combines cloud-based intelligence and analytics with a worldwide proxy network and software that emulates real users to expose malware on websites, in mobile apps and advertisements

§ “We were very impressed with RiskIQ’s technology, team and vision for addressing a problem that is big and just getting bigger,” said Michael Brown, General Partner at Battery Ventures and Board member of RiskIQ

§ Leadership: Lou Manousos (CEO) and Chris Kiernan (CTO)

§ Menlo Security combats web-based attacks with its Isolation platform, which makes use of Linux containers to limit risks. Inside the container is a full-fledged browser that will load all of the content from a given website or email and as content get isolated, it never makes it to the endpoint

§ Available as SaaS or a virtual appliance and does not require an agent or software

§ Leadership: Amir Ben-Efraim (CEO) and Kowsik Guruswamy (CTO)

§ Exabeam is a big data security analytics company that uses advanced user behavior intelligence to track employees’ activities on a network and alert security teams of anomalous activity. Exabeam uses extraction and enrichment of log feeds, user session tracking, behavior analysis and event scoring to detect and track credential use in all parts of the attack chain and prioritize responses

§ Leadership: Nir Polak (CEO) and Domingo Mihovilovic, Ph.D. (CTO)

§ Easy Solutions is the only security vendor focused on the comprehensive detection and prevention of electronic fraud across all devices, channels and clouds. It’s products range from fraud intelligence and secure browsing to multi-factor authentication and transaction anomaly detection

§ Reported revenue growth of 187% in 2014 and is projecting 123% growth in 2015

§ Leadership: Ricardo Villadiego (CEO) and Daniel Ingevaldson (CTO)

§ Bayshore Networks is a leader in the Industrial Internet of Things (IoT) security market. It enables industrial enterprises to secure IoT and OT data and transactions in manufacturing operations, robotics automation and M2M communications

§ Bayshore’s customers include Fortune 100 industrial and enterprise leaders who use Bayshore’s cloud-based solution for operational and safety policy execution, Layer 7 filtering, data protection/data loss prevention and high-value IP protection

§ Leadership: Michael Dager (CEO) and Francis Cianfrocca (Chief Scientist)

§ SnoopWall’s “counterveillance” patent-pending software detects and blocks remote control, spying and eavesdropping on computers, tablets and smartphones and eliminates data leakage

§ “Mobile device security will become the top requirement this year (2015) for mobile banks, retailers and wallets…” said Gary Miliefsky, SnoopWall’s CEO

§ Leadership: Gary Miliefsky (CEO) and Chris Gauthier (VP, Engineering)

§ Elastica is the leader in Data Science PoweredTM cloud application security and is among a fast growing club of cloud security startups combining data science and machine learning to help companies and employees secure SaaS data

§ Elastic runs a broad spectrum of services from risk assessment and threat detection to incident response, post-incident analysis and company data policy formulation

§ Leadership: Rehan Jalil (CEO)

Source: Momentum Partners, PitchBook Data, CrunchBase, Company Press Releases. 6

Momentum’s Watch List – Q2 2015 Selected Private Companies With Tremendous Momentum.

Company

Overview of Momentum Partners

Momentum Partners Advisors & Dealmakers In Cybersecurity.

Why Momentum Partners? Momentum Partners is a bespoke cybersecurity focused advisory firm based in Silicon Valley with operations globally. We employ a high-touch advisory model specifically designed to serve Founders/CEOs and their Boards – Series A to exit – where we are relentless in our pursuit for better outcomes for clients. As advisors and dealmakers in cybersecurity for two decades, we have closed over 200 deals totaling $200 Billion in value.

Cybersecurity � Enterprise IT � Cloud & SaaS � Mobile��� ���

Mergers & Acquisitions* � Capital Raising*������

Corporate Development � Ecosystem Development

Momentum’s Cybersecurity Team Michael Tedesco Executive Chairman Founder Strategic and Capital Markets Advisor to CEOs, Founders & Boards

 

Eric McAlpine Managing Partner Founder Senior Advisor Cybersecurity Lead

Dino Boukouris Director Strategic Advisor Start-up Advisor VC & Private Equity

Keith Skirbe Director Strategic Advisor Mergers & Acquisitions Deep Cybersecurity Expertise

 Dealmakers in Security & Enterprise IT

CLIENT COUNTERPARTY CLIENT COUNTERPARTY CLIENT COUNTERPARTY CLIENT COUNTERPARTY CLIENT COUNTERPARTY

200+ Deals $200+ Billion

Petros Kitsos Senior Advisor Strategic Advisor Direct Investor and Board Member Deep Defense & Aerospace Expertise

 

Timothy Lipton Partner Founder Start-Up Advisor iCFO

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West East

Europe

LatAm

Israel

APAC

1   5   1   1  6   3   0   7  

Momentum’s Global Reach

0   1   7  0   3   5   9  

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Relentless Coverage + Providing Meaningful Insights.

Global Sector Coverage & Reach

4  

9

Infrastructure Security Endpoint Security Application Security

Endpoint Protection & Anti-Virus WAF & Application Security

Vulnerability Assessment Intrusion Prevention Systems

Unified Threat Management

Network Firewall Network Monitoring

Source: Momentum Partners.

Threat Intelligence

Endpoint Detection & Response

IoT Security

Web Security Messaging Security

SIEM

Security Incident Response

Security Operations & Incident Response

Our Clients

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CYBERscape: The Cybersecurity Landscape Is Vast. Advisors, Dealmakers & Thought Leaders For Two Decades.

Transaction Security

Risk & Compliance

Specialized Threat Analysis & Protection

Mobile Security

Identity & Access Management

Data Security

Cloud Security

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Advise. Network. Invest. Momentum Partners, LLC���

Momentum Capital Markets, LLC

340 Brannan Street | Suite 501 San Francisco, California 94107

Michael Tedesco Executive Chairman

michael@wellspring.partners

Eric McAlpine Managing Partner

eric@momentum.partners

Keith Skirbe Director

keith@momentum.partners

Dino Boukouris Director

dino@momentum.partners

*Securities offered through Momentum Capital Markets, LLC, a division of Financial Telesis Inc. Member FINRA/SIPC.

Petros Kitsos Senior Advisor

petros@momentum.partners

Timothy Lipton Partner

tim@momentum.partners