Evolution Equity Partners

Evolution Equity Partners is a global venture capital firm specializing in cybersecurity and enterprise software, investing in companies that protect our digital world.

Venture Capital Active New York, United States Est. 2014
Visit website ↗ LinkedIn
Last updated 2026-07-20
Portfolio
13
in our dataset
Rounds participated
16
Rounds led
10
Rounds' value
$1.9B
total disclosed, rounds participated
Stages
A Round, Pre-Seed, B Round, E Round, Seed, C Round, D Round

About

Evolution Equity Partners is an international venture capital investor led by technology entrepreneurs who have built software companies around the world. The firm focuses on cybersecurity and adjacent enterprise software markets, investing in fast-growing technology companies. They have offices in New York, London, Palo Alto, and Zurich, and a strategy to build a diversified portfolio across key cybersecurity ecosystems in the United States, United Kingdom, the EU, and Israel. The firm's partners leverage their operating, technical, product development, and go-to-market expertise to help entrepreneurs scale their companies globally. Evolution Equity Partners has over $2.5 billion of assets under management and has led over 70 funding rounds.

Portfolio · 13

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Led ★ 1 round $6.0M committed Latest: 2026-08
NewCore
NewCore is a security-first identity platform for the agentic era, rebuilt from the ground up for humans and AI agents.
Led ★ 1 round $50.0M committed Latest: 2026-06
QiERA Systems Ltd.
QiERA Systems specializes in cyber security solutions with advanced hardware encryption, securing data-in-transit for critical mission applications.
Led ★ 1 round $600.0M committed Latest: 2026-06
Noma Security
A unified platform for AI and agent security, enabling enterprises to confidently adopt AI at scale.
Led ★ 2 rounds $125.0M committed Latest: 2025-07
Armis
Armis is a cyber exposure management and security company that protects the entire attack surface and manages an organization's cyber risk exposure in real time.
1 round $435.0M committed Latest: 2025-07
Pentera
Pentera is a cybersecurity software company specializing in AI-based automated security validation solutions.
Led ★ 2 rounds $210.0M committed Latest: 2025-03
Cytactic Cyber Management
A SaaS platform for cyber crisis readiness, response, and recovery.
Led ★ 1 round $16.0M committed Latest: 2024-07
Augment Computing Inc. (Augment Code)
Developer of artificial intelligence coding assistance software designed to empower programmers and their organizations to deliver improved software.
Led ★ 1 round $227.0M committed Latest: 2024-01
AuthMind Inc.
Identity security platform that protects identity infrastructure and prevents cyberattacks for enterprise IT security teams.
1 round $9.0M committed Latest: 2023-09
Snyk
Snyk is a developer-first security company that empowers developers to build secure applications and secure their cloud-native applications without slowing down development.
Led ★ 1 round $196.5M committed Latest: 2022-12
ZecOps
ZecOps develops a mobile digital forensics and incident response (DFIR) platform designed to detect and analyze sophisticated cyberattacks.
Led ★ 2 rounds $13.7M committed Latest: 2019-11
Morphisec
Morphisec provides breach prevention and vulnerability visibility for Windows and Linux endpoints and servers, utilizing Automated Moving Target Defense (AMTD) technology.
1 round $12.0M committed Latest: 2018-02
Fortscale
Fortscale delivered user behavior analytics (UBA) solutions for enterprise security, leveraging machine learning and big data analytics to detect insider threats.
Led ★ 1 round $7.0M committed Latest: 2017-02

Investment activity

5 portfolio exits on record.

Portfolio by sector

Cyber Security17
Fintech & Insurtech1

Funds · 1

  • Evolution Technology Fund III — $1.1B Apr 2024

Q&A

What is Evolution Equity Partners' primary investment focus?
Evolution Equity Partners primarily focuses on investments in the Cyber Security sector, with 17 portfolio companies in this area and 24 investment rounds dedicated to it.
What was a recent significant exit for Evolution Equity Partners?
In November 2023, Evolution Equity Partners saw the acquisition of Talon Cyber Security by Palo Alto Networks for $625M.
When did Evolution Equity Partners close its most recent fund?
Evolution Equity Partners closed its Evolution Technology Fund III in April 2024, raising $1.1 billion for cybersecurity investments.
Can you name some of Evolution Equity Partners' notable portfolio companies?
Evolution Equity Partners' portfolio includes companies like Aqua Security, a cloud-native security platform, and Pentera, which specializes in automated security validation.
What is Evolution Equity Partners' investment stage preference?
Evolution Equity Partners invests across various stages, including Seed, A Round, B Round, C Round, D Round, E Round, and G Round.
Who are the founders of Evolution Equity Partners?
Evolution Equity Partners was founded by Dennis Smith and Richard Seewald, both serving as Founder & Managing Partners.
Has Evolution Equity Partners had any recent acquisitions of its portfolio companies?
Yes, in August 2025, Satori Cyber, a portfolio company, was acquired by Commvault. Additionally, ZecOps was acquired by Jamf in December 2022.
What is the geographic focus of Evolution Equity Partners?
Evolution Equity Partners is an international venture capital investor that has invested in the US, Europe, and emerging markets.
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