Advantage
Powering Cyber + AI
Cyber isn't Just a Category.
It's Our Community.
Before we ever wrote a check, we were building the companies that defined cybersecurity.
Our edge isn’t just access to cap tables — it’s trust, depth, and a network from 30+ years.

A Network That Runs Deep
Our roots trace back to the founding of Internet Security Systems (ISS) in the 90s, and since then, we’ve built one of the most enduring and trusted networks in security. It’s not just who we know — it’s decades of shared history, earned relationships, and hard-fought credibility across founders, operators, and buyers. That network shows up early and often.
Informed By Our X-Force Heritage
Before threat intel was a category, X-Force was setting the standard. Created at Internet Security Systems under CEO Tom Noonan, it became one of the most respected security research teams in the world. Dan was there early. Kevin led X-Force product management after ISS was acquired by IBM. That legacy still fuels our edge -- real signals, technical depth, and a front-row seat to where threats (and solutions) are headed.

Source: https://www.foxbusiness.com/technology/los-angeles-prepares-cybercrime-ibm
Built By Operators, Not Observers
We’ve been in the room — and on the hook — for the decisions that shape real companies. From product and GTM to hiring and exits, we’ve built software, shipped code, run teams, and sold to the same buyers our portfolio founders face. That firsthand experience transforms advice into action.
With Conviction, No FOMO Investing
We don’t chase trends or write tourist checks. We lead with high conviction at the earliest stages, stay close through the hard parts, and care deeply about capital efficiency and company fundamentals. For us, it’s about building businesses that last, not just make it to the next round.
Purpose-Built For Security
We’ve committed our firm — and our careers — to cybersecurity. It’s not a theme, it’s the core. That focus lets us see signal before the noise, understand where the puck is going, and earn the trust of the people building the next era of security.
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