Within the past few years, the cybersecurity field has seen strong growth thanks to businesses that are more aware about the threats that can come from hackers. At the same time, the market has seen a similar boom in interest from venture capital firms who want to invest in the space. As the founder of Secure Octane, Mahendra Ramsinghani has been an active part of the San Francisco-based cybersecurity fund. Outside of Secure Octane, Ramsinghani is also the organizer of Bay Area Security Startups, a monthly meetup that includes more than 500 members. He previously worked as director for venture capital at the Michigan Economic Development Corporation and managing director at the Detroit-based First Step Fund.
Insight Venture Partners' model of combining venture deals with private equity-style buyouts means it's not a surprise that its newest fund would be one of the biggest the venture capital industry has ever seen. But there's a key twist to Insight's $6.3 billion Fund X: The firm's general partners are its largest investors. "Hopefully it's a sign to our investors that we believe in our own strategy," says Midas List investor Deven Parekh, one of Insight's managing directors. "The vast majority of our collective net worths is in the fund." The fund, which gives Insight at least $23 billion in assets at 23 years old, is an umbrella one that covers the full scope of Insight's activity in the private software sector.
Toyota is the latest Fortune 500 company to launch an AI focused venture capital fund. The initial early-stage fund will deploy $100 million and operate as a subsidiary of the Toyota Research Institute. The automaker has strategically positioned itself as an ROI rather than strategic-focused fund -- meaning that it aims to profit like any other VC firm. Jim Adler will serve as managing director of the fund. He has been serving as vice president of Toyota Research and comes from a product background.