Paladin Portfolio Company SandboxAQ Receives $500 Million From U.S. Commerce Department for Critical Chip Manufacturing R&D
Washington, D.C. – Paladin Capital Group congratulates its portfolio company SandboxAQ on its recent $500 million CHIPS R&D award from the U.S. Department of Commerce to advance U.S. leadership in semiconductor innovation. This award will strengthen the development of AI-accelerated materials discovery and bolster national and economic security. This partnership enables SandboxAQ to implement its forward-thinking AI and quantum […]
Paladin Capital Group Portfolio Company IriusRisk Combines with ThreatModeler to Create Threat Modeling Category Leader
Paladin led IriusRisk’s Series A and B rounds, totaling $23 million in funding Washington, D.C. – Today, Paladin Capital Group’s portfolio company IriusRisk, a leading threat modeling platform, announced its acquisition by ThreatModeler. The combination brings together two of the leading global providers of threat modeling solutions that embed security early in the software design and […]
Paladin Capital Group Releases Latest Safety Tech Report, Finds Growing and Evolving Industry to Protect Users as AI Adoption Accelerates
Safety Tech Market Value Exceeded $1 Billion in 2025, Demonstrating Significant Growth Since 2024 Washington, D.C. – Today, Paladin Capital Group, a leading multi-stage investor in advanced cyber and AI technologies, released its third annual “International State of Safety Tech Report,” which found that in 2025 alone, industry growth exceeded all prior years and raised more than $1 […]
Cellebrite Completes Acquisition of Paladin Portfolio Company Corellium
Paladin made its first investment in Corellium in its 2021 Series A round Washington, D.C. – Cellebrite (NASDAQ: CLBT) has completed its acquisition of Paladin Capital Group portfolio company Corellium, resulting in an excellent return on capital to Paladin’s Limited Partners. The deal has an enterprise value of up to $200 million, a portion of which is […]
Paladin Founder Michael Steed Recognized as One of Washington D.C.’s 500 Most Influential People of 2025
Founder and Managing Partner of Paladin Capital Group Michael Steed has been recognized by Washingtonian Magazine as one of the top leaders shaping policy debates in Washington, D.C. in the Tech and Telecom category. This recognition is part of Washington D.C.’s 500 Most Influential People of 2025, a list reserved for the region’s leading minds across a variety […]
Paladin Capital Group Congratulates Sean Cairncross on His Nomination as National Cyber Director
Washington, D.C. – Today, Michael Steed – Founder and Managing Partner of Paladin Capital Group, the multi-stage, dual-use investor specializing in cyber, AI, defense tech, and advanced technologies – issued the following statement applauding the nomination of Sean Cairncross to the position of U.S. National Cyber Director
HACK THE BOX SECURES $55 MILLION IN SERIES B FUNDING LED BY CARLYLE
Minority growth investment in gamified cybersecurity online upskilling & talent assessment platform is set to reduce the severe global cybersecurity skills shortage and help organizations enhance their cyberattack readiness New York and London, January 11, 2023: Hack The Box, the leading gamified continuous cybersecurity upskilling and talent assessment platform, today announces a Series B investment […]
Paladin Capital Group congratulates Chris Inglis on swearing in as National Cyber Director
Washington D.C. – On the occasion of the swearing-in ceremony of Chris Inglis as the United States Government’s National Cyber Director, Paladin Capital Group, the global cybersecurity investor, congratulates our former colleague on his confirmation by the Senate and his swearing in as the nation’s first National Cyber Director. Chris has served as a Managing […]
Paladin Capital Group Announces Acquisition of Cloud Conformity by Trend Micro
Paladin Capital Group – a multi-stage investment firm focused on cybersecurity – announced the successful exit of its investment in Cloud Conformity, a leading Cloud Security Posture Management (CSPM) company, to Trend Micro.
Digital Shadows Raises Strategic Investment Round to Fuel Accelerated Growth
National Australia Bank Ventures leads $10M investment round London and San Francisco, July 9, 2019 – Digital Shadows, the leader in digital risk protection, today announced $10M in a strategic funding round. The round is led by the ventures arm of new investor and current customer, National Australia Bank (NAB). Existing investors, including Octopus Ventures, […]
Cybersecurity Company Expel Announces $40 Million in Series C Funding
Expel, the leader in making customers smile when they hear the term “managed security,” announced today that the company secured $40 Million in Series C funding. The funding round was led by Index Ventures with participation from Battery Ventures, Greycroft, NEA, Paladin Capital Group and Scale Venture Partners. Shardul Shah, partner at Index Ventures will join Expel’s board of directors. To date, Expel has secured a combined total of $67.5 Million in funding.
RANGEFORCE RAISES $1.5M ROUND LED BY PALADIN CAPITAL FOR CYBERSECURITY SIMULATION-BASED LEARNING PLATFORM
RangeForce, an Estonia and New York-based cybersecurity start-up, has raised $1.5 million in seed funding led by Paladin Capital Group with participation from Trind Ventures. Gibb Witham from Paladin Capital Group will join the board of directors.
RiskLens Closes $20 Million Series B to Expand Leadership in Cyber Risk Quantification
Paladin Capital Group leads syndicate with F-Prime Capital and MassMutual Ventures; Supporting and Accelerating Growth Trend of 100% Year-over-Year
Inscripta Completes $20M Expansion of Series C Financing, Increasing Total Round to $105.5M
Continued support of existing investors will fund commercialization efforts, product launch later this year Boulder, CO – April 4, 2019 – Inscripta, a leading gene-editing technology company, today announced that it has increased its previously announced Series C financing with an additional $20 million from existing investors. The new funding adds to the $85.5 million […]
Paladin Capital Group Names Former National Security Agency Deputy Director Rick Ledgett as its Newest Managing Director
Paladin Capital Group is pleased to announce that Rick Ledgett, who was most recently the National Security Agency Deputy Director will join Paladin Capital Group as a Managing Director. Mr. Ledgett has four decades of intelligence, cyber security and cyber operations experience, including 29 years with the National Security Agency (NSA).
Secure Application Development Company Secure Code Warrior Raises $3.5M
Funding from Paladin Capital Group and AirTree Ventures enables rapid expansion of North American and global operations SYDNEY, LONDON, BRUGES, BOSTON: 12 September 2018 – Secure application development platform provider Secure Code Warrior announced today that it has gained US$3.5 million in funding from two strategic venture capital firms. The financing was led by Washington […]
Cloud Conformity Announces $2.8 Million Series A Financing Led by Paladin Capital Group
Cloud Conformity, a leader in public cloud infrastructure security and compliance monitoring, today announced a $2.8 million Series A funding led by Paladin Capital Group, with participation from Jump Capital. As part of the funding round, Tom Clute from Paladin Capital Group will join the board of directors.
Geospatial Intelligence Startup Ursa Announces $5.7 Million in New Funding
Ursa Space Systems, a provider of geospatial intelligence solutions, recently announced $5.7 million in new venture funding, led by RRE Ventures and including participation from S&P Global (NYSE: SPGI) and Paladin Capital Group. The company will use the funds to develop new products in response to strong customer demand, as well as expand current offerings to serve new customers and markets.
Paladin Capital Group Announces Acquisition of PhishMe by Private Equity Syndicate
Paladin Capital Group – a multi-stage investment firm focused on cybersecurity – announced the successful realization of its investment in PhishMe, the industry leader in human-enabled cyber defense solutions, to a syndicate of investors led by BlackRock and Pamplona Capital Management. With a deal valuing PhishMe at around $400 million, the exit represents the largest in the field of human-enabled cyber defense.
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 […]
White Ops Exposes Largest and Most Profitable Ad Fraud Bot Operation
White Ops, the leading provider of human verification services for the digital advertising market, announced today that its security researchers have exposed the most profitable and advanced ad fraud operation ever seen by the industry.
New Security Startup Expel Secures $7.5 Million Series A Financing
Expel, Inc., a new cyber security company founded by prominent industry veterans, announced it closed $7.5 million in Series A funding from experienced security investors. The financing was led by Paladin Capital Group, with participation from New Enterprise Associates, Battery Ventures, Greycroft Partners, Lightbank, and other strategic and individual investors. Expel is founded by senior executives previously at FireEye and Mandiant.