In Memory of Lieutenant General Kenneth A. Minihan

We at Paladin Capital Group are saddened by the loss of Lieutenant General Ken Minihan, a man who shaped this firm and the people behind it into who and what we are today. Lt. General Ken Minihan embodied the rare combination of strategic vision, unwavering patriotism, and genuine mentorship that defines a true leader. A […]
Securing the Agentic Future: How CalypsoAI Is Redefining Cybersecurity, Starting with AI Security

The RSA Conference is one of the biggest stages in the cyber industry, and we are excited to celebrate CalypsoAI’s recognition as a Top 10 Finalist in the RSA Conference 2025 Innovation Sandbox—one of the most competitive and respected stages in cybersecurity. Paladin Capital Group made our first investment in CalypsoAI in 2020, recognizing the need for […]
A Force for Good in Cybersecurity: Paladin Celebrates Portfolio Company Semperis Reaching $100 Million in Annual Recurring Revenue Milestone

By: Tom Clute, Principal, Paladin Capital Group Reaching $100 million in annual recurring revenue is a monumental milestone for any company, and for Semperis, it reflects years of innovation, growth, and an unwavering commitment to addressing pressing cybersecurity challenges. Congratulations to co-founders Mickey Bresman, Guy Teverovsky, Matan Liberman, and the rest of the team on […]
Written Testimony of Kemba Walden: Congressional Hearing on “Unconstrained Actors: Assessing Global Cyber Threats to the Homeland”

On January 22, 2025, Kemba Walden, President of Paladin Global Institute, testified in front of the House Committee on Homeland Security for a hearing entitled “Unconstrained Actors: Assessing Global Cyber Threats to the Homeland.” Her written testimony can be found here. ### Chairman Green, Ranking Member Thompson, distinguished members of the Committee, my name is […]
Brief on Gartner Security and Risk Summit in London
This year’s Gartner Security and Risk Summit in London was a great opportunity to delve into the latest trends, challenges, and best practices in the fast-changing landscape of security and risk management. It was good to see many of the world’s leading cybersecurity firms such as Cloudflare, Arctic Wolf, LastPass, and HackerOne make it to […]
ISTARI Compass – guiding towards a cybersecurity community

Building cybersecurity ecosystems is fundamental to Paladin’s mission. By cultivating partnerships and by engaging actively in the cybersecurity community, we collectively create a collaborative environment that promotes knowledge sharing, best practices, and enhanced digital resiliency.
Heated debate on AI regulation raises temperature in Helsinki

What can possibly attract over 13,000 technology enthusiasts from all over the world to Finland to enjoy temperatures of 10 below zero and 6 hours of sunlight? Slush, of course!
Ireland – an emerging leader in European cyber

Ireland with its 5 million people is a technology hub like no other. Despite being one of Europe’s smaller countries, Ireland hosts the European operations for many of the most renowned technology giants including Salesforce, Google, Meta, AirBnB, Paypal, X and Linkedin that, along with the other major multinational technology firms, employ one in every eight workers in Ireland.
Embracing chaos to increase the reliability of software systems – Why Paladin invested in Steadybit

In today’s world, where digital transformation is the driving force behind the success of many businesses, ensuring the resilience of software systems has become a top priority.
Why Trusted Capital is the Future of Investing

Last month, Congress discovered that major American venture capital firms funneled $3 billion into Chinese tech companies developing the country’s military technology. This news begs an important question: what responsibilities do American tech investors have in ensuring their returns do not come at the expense of our security?
Heated debate on AI regulation raises temperature in Helsinki
What can possibly attract over 13,000 technology enthusiasts from all over the world to Finland to enjoy temperatures of 10 below zero and 6 hours of sunlight? Slush, of course! Nestled in the heart of Helsinki, the annual technology gathering once again emerged as a beacon of innovation and entrepreneurial spirit amid the winter darkness […]
A Silicon Valley in Eastern Europe: why we’re excited about CEE
When Paladin expanded to Europe nearly a decade ago it was done with the notion that cybersecurity is a global matter and companies protecting people, organizations and institutions can come from anywhere and everywhere. Since then, we have invested across Europe from Sweden to Estonia to Switzerland to United Kingdom and, if everything goes as […]
Combatting deep fakes and digital piracy – why Paladin invested in Steg AI
Piracy of digital intellectual property is rife across the internet and social media, and a major headache for content creators, owners and distributors. Advanced image manipulation techniques such as deep-fakes are causing untold misery and upending trust in what we see on the internet, with serious geopolitical implications. Watermarking techniques have been developed to combat […]
Enabling safe and confident use of large language models and generative AI within an enterprise – Why Paladin invested in CalypsoAI
In today’s digital era, artificial intelligence (“AI”) has emerged as a revolutionary technology that is quickly reforming various industries. Among the most significant advancements within AI are generative AIs and large language models (“LLMs”). These sophisticated systems, powered by machine learning (“ML”) algorithms, have demonstrated unparalleled capabilities in generating human-like text, understanding complex language structures, […]
Quick take from InfoSec Europe 2023: put people at the forefront
Last week Paladin Capital Group embarked on an expedition into the heart of European cyber at the Infosecurity Europe 2023 conference in the gargantuan ExCel centre in London. As the largest cybersecurity conference in Europe, InfoSec once again brought together cybersecurity experts, vendors and organizations boasting over 13,000 visitors and 300 exhibitors from around the […]
Five Key Takeaways from the Aspen Cyber Summit New York Lunch Panel
By Michael Steed Just before Thanksgiving, Paladin was proud to sponsor the Aspen Cyber Summit New York. The Aspen Institute brought together leaders from government and industry to discuss the greatest cyber threats we face today—and the technology we rely on to protect us from them. Paladin hosted a lunch where Paladin’s Founder, Michael Steed, […]
Shining a Light on our Investment in Digital Shadows
by Christopher Steed These are exciting times for threat intelligence provider Digital Shadows, as it enters the next stage of its growth journey by joining Reliaquest, the KKR-backed SaaS cybersecurity platform that helps organizations achieve consistent security outcomes. When we first invested in Digital Shadows in a $14m Series B in 2016, the company had […]
Unblocking innovation with better, faster and cheaper software testing – why Paladin invested in Virtuoso
By Ken Pentimonti In the race to capture market share, companies are under pressure to accelerate innovation. With tech-enabled services proliferating across every vertical from healthcare to industrials, a business that can deliver quality software quickly can overtake its competitors. Take a look under the hood at this engine of innovation however, and you’ll find […]
Paladin Managing Director Ciaran Martin Shares Some Thoughts on SMEs’ Cyber Readiness
By: Professor Ciaran Martin, Managing Director, Paladin Capital Group A while back I enjoyed a [digital] sit down with a long term mentor and friend fellow Paladin Capital adviser, Sir David Omand. Sir David is someone from whom I have learned a great deal, not least in his recent book on How Spies Think. While […]
US Authorities Seize the Affiliate’s Share of the DarkSide Ransom Paid by Colonial Pipeline
Dr. Tom Robinson, Elliptic’s Co-founder and Chief Scientist discusses cryptocurrency forensics, investigations, compliance, and sanctions. The US Department of Justice and the FBI today announced that they had seized 63.7 BTC of the 75 BTC ransom paid to DarkSide by Colonial Pipeline. Elliptic’s analysis shows that this represents the bulk of the affiliate’s share of the ransom. […]
Paladin experts debate the cyber challenge
How do we salvage trust and build confidence in technology? Paladin Experts Prof. Ciaran Martin and Sir David Omand look at the answers to understandable concerns about AI and future innovations. They believe helping and protecting SMEs is essential, as is the need for solutions to perimeter monitoring and ransomware attacks. Commercial incentives to companies […]
Paladin experts debate startups and investing
As founding CEO of the UK’s National Cyber Security Centre, Ciaran Martin brought an entrepreneurial mindset to the heart of government. In this #Paladinexperts video, Ciaran shares his passion for the role of startups in meeting the cyber challenge and creating technologies that are of “dual use” – valuable to both government and the private […]
Paladin experts debate trust in technology
For future prosperity, we can’t afford to have people lose trust in technology. In the second in our interview series, #PaladinExperts Sir David Omand and Prof. Ciaran Martin raise concerns about the ease of hacking into the Internet of Things and the impact of anonymity. They discuss the meaning of trustworthiness and its value to […]
Paladin experts debate how cyber security is changing
In the first of a series of interviews with #PaladinExperts, Sir David Omand, the UK’s first Security and Intelligence Coordinator and Professor Ciaran Martin, the founding CEO of the National Cyber Security Centre, discuss how the cyber threat is changing and the response of the security sector. Ciaran highlights the increase in potency of the […]
Christopher Steed, Chief Investment Officer and Managing Partner at Paladin Capital Group, shared insights in “Investing in Cybersecurity,” for the Duke Sanford Cyber Policy Program lecture series
March 25, 2021 – Christopher Steed, Chief Investment Officer and Managing Partner at Paladin Capital Group, shared insights in “Investing in Cybersecurity,” as part of the Duke Sanford Cyber Policy Program lecture series. The lecture was held virtually on Thursday March 25th at 6:00pm Eastern Time and can be accessed at this link. The Sanford […]
Confidential Computing – investing in decentriq
In a world of data-driven business models, in which analytics play a huge part in strategic decisions, it is critical to be able to exploit the full potential of your data – the most important asset in the 21st century economy. Yet according to estimates, $300B worth of data remains unexploited every year due to […]
Security by Design – Why We Invested in IriusRisk
Applications provide the means for people and systems to interact, making them critical to all aspects of business. App development teams are under pressure to speed up delivery while tackling the ever-growing list of potential threats and vulnerabilities. Security and development teams are already working together to ‘shift left’ and embed cybersecurity earlier in the […]
Deepfakes Threaten the 2020 Election
By: Jeremy Bash and Michael Steed The takeover of several high-profile Twitter accounts last week wasn’t your run-of-the-mill cyberattack designed to steal personal data or penetrate IT networks. It was likely the first “deep fake” on a mass scale — an effort to hijack the online persona of prominent public figures, from Bill Gates and Barack Obama to Jeff Bezos and Joe […]
Safety Tech
Technology that can protect us from harm, be it bullying, coercion or mis/disinformation, is increasingly vital as we move our lives online. Cyberpsychologist Dr Mary Aiken, is an expert adviser to the UK Government’s new report on “Safety Tech”, which looks at the growth and potential of this emerging sector for investors. This is the […]
Paladin Year in Review
Cyber in Review Friends of Paladin: At the end of 2017, our firm held a roundtable with leaders in cybersecurity representing local think tanks, law firms, universities, and U.S. Government agencies. During our discussion, we reflected on some of the more important events that occurred in 2017 and what new trends we anticipate coming to […]
Paladin’s 2015 Cyber Year in Review and Key Trends Shaping 2016
With 2015 in the rearview mirror, and 2016 sure to provide new opportunities and challenges, we thought we would share our observations of the past year and the year ahead.