Security

Why we invest

The rise of the cloud, DevOps, and AI has ushered in a wave of innovation and productivity but also massively widened the attack surface and created entirely new threat vectors. Security remains a stalwart top-budget item for enterprises of all sizes as savvy attackers continue to find ways to expose vulnerabilities. Assisted by a CISO Advisory Group composed of security leaders from top public and private companies, Madrona partners with founders developing next-generation solutions to combat these threats and protect users and organizations across all environments and modalities.
Stacklok
Stacklok’s
Craig McLuckie
on solving open-source security challenges

Security

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Early
  • Clerk
    Clerk is the drop-in authentication and user management solution for the modern web, tuned for React and Next.js.
    Initial Investment
    2023
    Clerk is the drop-in authentication and user management solution for the modern web, tuned for React and Next.js.
    Founder/s or CEO
    Colin Sidoti
    Braden Sidoti
    Initial Investment
    2023
  • Eclypsium
    Eclypsium’s cloud-based platform identifies, verifies, and fortifies firmware in laptops, servers, network gear, and connected devices. The Eclypsium platform secures your device supply chain by monitoring devices for threats, critical risks, and patching firmware across the entire device fleet.
    Initial Investment
    2018
    Eclypsium’s cloud-based platform identifies, verifies, and fortifies firmware in laptops, servers, network gear, and connected devices. The Eclypsium platform secures your device supply chain by monitoring devices for threats, critical risks, and patching firmware across the entire device fleet.
    Founders
    Yuriy Bulygin
    Alex Bazhaniuk
    Initial Investment
    2018
  • ExtraHop
    ExtraHop provides cloud-native network detection and response that helps you quickly investigate threats, deliver critical applications, and secure your investment in the cloud.
    Initial Investment
    2007
    ExtraHop provides cloud-native network detection and response that helps you quickly investigate threats, deliver critical applications, and secure your investment in the cloud.
    Founders
    Jesse Rothstein
    Raja Mukerji
    Investment Journey
    Acquired by Bain/Crosspoint 2021
    Initial Investment
    2007
  • Icebrg
    Icebrg provides next-generation network security.
    Initial Investment
    2014
    Icebrg provides next-generation network security.
    Founders
    William Peteroy
    Josh Carlson
    Investment Journey
    Acquired by Gigamon 2018
    Initial Investment
    2014
  • Mobilisafe
    Mobilisafe provided a simple yet powerful solution for companies to understand and manage the risk of personal mobile devices coming to their corporate networks.
    Initial Investment
    2011
    Mobilisafe provided a simple yet powerful solution for companies to understand and manage the risk of personal mobile devices coming to their corporate networks.
    Founders
    Dirk Sigurdson
    Giri Sreenivas
    Investment Journey
    Acquired by Rapid7 2012
    Initial Investment
    2011
  • PlexTrac
    PlexTrac is a modern collaboration and workflow automation platform for cybersecurity teams.
    Initial Investment
    2021
    PlexTrac is a modern collaboration and workflow automation platform for cybersecurity teams.
    Founder
    Daniel DeCloss
    Initial Investment
    2021
  • Stacklok
    Stacklok builds products that help developers securely develop and deploy software. Trusty is a free-to-use service that helps developers vet the safety and trustworthiness of open-source packages as they're importing them into their code. Minder is an open-source platform that helps software project owners automate their security posture by applying and continuously enforcing security policies and best practices across groups of repos.
    Initial Investment
    2023
    Stacklok builds products that help developers securely develop and deploy software. Trusty is a free-to-use service that helps developers vet the safety and trustworthiness of open-source packages as they're importing them into their code. Minder is an open-source platform that helps software project owners automate their security posture by applying and continuously enforcing security policies and best practices across groups of repos.
    Founders
    Craig McLuckie
    Luke Hinds
    Initial Investment
    2023
  • Tigera
    Tigera provides the industry’s only active Cloud- Native Application Protection Platform (CNAPP) with full-stack observability for containers, Kubernetes, and cloud. The company’s platform prevents, detects, troubleshoots, and automatically mitigates exposure risks of security issues in build, deploy, and runtime stages. Tigera delivers its platform as a fully managed SaaS (Calico Cloud) or a self-managed service (Calico Enterprise). Its open-source offering, Calico Open Source, is the most widely adopted container networking and security solution. Tigera’s platform specifies security and observability as code to ensure consistent enforcement of security policies, which enables DevOps, platform, and security teams to protect workloads, detect threats, achieve continuous compliance, and troubleshoot service issues in real time. Powering more than 100M containers across 2M+ nodes in 166 countries, Calico software is supported across all major cloud providers and Kubernetes distributions, and is used by leading companies including AT&T, Discover, Merck, ServiceNow, HanseMerkur, RealPage, L3Harris, and Mindbody.
    Initial Investment
    2017
    Tigera provides the industry’s only active Cloud- Native Application Protection Platform (CNAPP) with full-stack observability for containers, Kubernetes, and cloud. The company’s platform prevents, detects, troubleshoots, and automatically mitigates exposure risks of security issues in build, deploy, and runtime stages. Tigera delivers its platform as a fully managed SaaS (Calico Cloud) or a self-managed service (Calico Enterprise). Its open-source offering, Calico Open Source, is the most widely adopted container networking and security solution. Tigera’s platform specifies security and observability as code to ensure consistent enforcement of security policies, which enables DevOps, platform, and security teams to protect workloads, detect threats, achieve continuous compliance, and troubleshoot service issues in real time. Powering more than 100M containers across 2M+ nodes in 166 countries, Calico software is supported across all major cloud providers and Kubernetes distributions, and is used by leading companies including AT&T, Discover, Merck, ServiceNow, HanseMerkur, RealPage, L3Harris, and Mindbody.
    CEO
    Ratan Tipirmeni
    Initial Investment
    2017