Evolution Equity Partners is an international venture capital investor partnering with entrepreneurs to develop cyber-security and enterprise software companies.
Richard is the founder and managing partner at Evolution Equity Partners. He also serves on the boards of Noma Security, Torq, Halcyon, and Pentera, alongside his investment work at Snyk.
Yuval is a General Partner at Evolution Equity Partners. He previously held chief executive and technology officer roles at Socialbakers, Outbrain, and AVG Technologies.
The financing values the decision intelligence provider at $2.6bn and was led by Teachers Venture Growth.
"Businesses today need to build trusted data foundations to enable AI-enhanced decision making, to drive real world impact. Quantexa is revolutionising how they do this. At TVG, we invest in high-growth, game-changing companies, led by visionary leaders, making a global difference. Quantexa’s impressive track record, expanding customer base, and bold approach to data and AI innovation make it a natural fit for our portfolio. We’re excited to support Vishal, and his world-class team scale the company internationally, as they continue helping industry-leading organisations embrace AI-driven decision-making with confidence."
— Avid Larizadeh Duggan, Senior Managing Director and Head of TVG in EMEA
GIC led the Series E round, which values the decision intelligence provider at $1.8bn.
"After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future."
The investment round was led by Evolution Equity Partners with backing from Resonance and Connect Ventures.
"Security, IT and compliance teams have no visibility into the data employees are storing and sharing across third-party SaaS applications. They are suffering from alert fatigue and are overwhelmed with the amount of notifications they have to address,"
The financing round included participation from Evolution Equity Partners, G Squared, Irving Investors, boldstart ventures, Sands Capital and Tiger Global.
"In 2022, I’m proud that Snyk achieved a 100% year-over-year increase in revenue as well as net revenue retention of over 130%,"
Evolution Equity Partners led the Series B funding to accelerate product development and international expansion.
"We invest in founders with disruptive cybersecurity offerings that are reimagining how businesses approach the increasing depth and breadth of cyber threats. CybSafe’s disruptive approach tackles a complex problem with a simple solution. They design their products with the user in mind, ensuring they are tackling the cause rather than simply treating the symptoms of cyber risk. CybSafe goes far beyond traditional compliance driven approaches to security awareness, and instead focuses on delivering a genuine reduction in human cyber risk."
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