AllegisCyber raises $199m for Cyber Innovation Partners II

Cybersecurity-focused VC AllegisCyber has raised $199m for its second cyber innovation partners fund.

The firm has secured capital commitments from at least 110 limited partners for Cyber Innovation Partners II, according to an SEC filing.

The firm has not listed a fundraising goal for Fund II, however AllegisCyber raised at least $60m from five investors for its first cyber innovation partners fund, according to a separate filing from July 2017.

The investment strategy of the fund is unclear, however the firm typically banks seed to early-stage cybersecurity companies with an overlap into tech sectors such as data analytics, Internet of things and virtualization.

“The objective of AllegisCyber Capital is to create an investment platform that can actively engage with the most promising entrepreneurs at any stage of development and deliver the market access, team building and operating experience essential to their success,” said AllegisCyber managing partner and founder Bob Ackerman.

The company current portfolio includes companies such as Lucidworks, Platfora, Cyber GRX and Signifyd.

The firm, which is based in Silicon Valley and Maryland, most recently led a $44m Series E funding round for API-driven cloud security company vArmour.

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