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    Cyberstarts

    Mikhmoret, IsraelFounded 2018

    Cyberstarts is an early-stage venture capital firm founded in 2018 by Gili Raanan, focused exclusively on cybersecurity. Based in Mikhmoret, Israel, the firm engages with founders at the earliest stages—often before product or team exists—through its 'Sunrise' methodology. Its latest fund is the $380 million Opportunity Fund II (closed September 2025), bringing total capital commitments to over $1.4 billion across seven funds.

    56% of their portfolio is in Cybersecurity. Deal activity increased 140% year-over-year (12 deals in the last 12 months). Average disclosed round size is $107.4M (across 75 rounds with reported amounts).

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    Portfolio

    40

    Fund Size

    $380M

    Top Stage

    Series A

    Last 12 Mo

    12

    Team

    Dor Knafo

    Dor Knafo

    General Partner

    Hila Zigman

    Hila Zigman

    General Partner

    Lior Simon

    Lior Simon

    General Partner

    Adam Aarons

    Adam Aarons

    Operating Partner

    Pete Chronis

    Pete Chronis

    Operating Partner

    Shirley Hermann

    Shirley Hermann

    Vice President

    Gili Raanan

    Gili Raanan

    Founder

    Jason Clark

    Jason Clark

    Chairman of the CISO Advisory Board

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    81 investments
    CompanyRoundAmountDate
    Onyx logoOnyxSeries B$113MJul 2026
    Glow logoGlowSeries A$60MJul 2026
    Glow logoGlowSeries A$180MJul 2026
    LinX logoLinXSeries B$50MMar 2026
    Oasis Security logoOasis SecuritySeries C$120MMar 2026
    OOnyx SecurityUnknown$40MMar 2026
    Vega Security logoVega SecuritySeries B$120MFeb 2026
    Upwind logoUpwindSeries B$250MJan 2026
    UUpwind SecuritySeries B$250MJan 2026
    Cyera logoCyeraSeries F—Jan 2026
    CCyera Ltd.Series F$400MJan 2026
    Onyx logoOnyxSeries B$113MJan 2026
    Surf Ai logoSurf AiSeed$57MJan 2026
    Vega logoVegaSeries A$20MJan 2026
    LinX logoLinXSeries B$50MJan 2026
    AA SecurityUnknown$37MJan 2026
    Oasis logoOasisSeries B$120MJan 2026
    Newcore logoNewcoreSeed$66MJan 2026
    Vega Security logoVega SecuritySeries B$120MJan 2026
    Glow logoGlowSeed$180MJan 2026
    Glow Labs logoGlow LabsSeries B$100MJan 2026
    Zafran Security logoZafran SecuritySeries C$60MDec 2025
    Cyera logoCyeraSeries E—Jun 2025
    Glow logoGlowSeed$20MMar 2025
    Vega Security logoVega SecuritySeed—Jan 2025
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    Top Co-Investors

    Last updated: 7 October 2026