Amplify Partners, a Menlo Park, California-based venture capital firm, has closed its third fund on $200m.
The new fund is significantly larger than its predecessor, which closed on $125m in 2015, and raised commitments from 50 investors, according on a regulatory filing.
Amplify Partners III will enable the firm to ‘double down’ on supporting the radically technical founders who apply computer science and machine intelligence to enterprise invention, according to co-founders Sunil Dhaliwal and Mike Dauber.
Founded in 2012, Amplify backs early-stage technical founders in such sectors as machine intelligence, infrastructure, developer tools and security.
Its security portfolio currently includes Minerva Labs, an endpoint security solution provider that protects enterprises from attacks without the need to embark upon a costly and risky overhaul of their entire endpoint security architecture.
The firm has also backed StackRox, a detection and response platform that defends containers and microservices from new threats, and Vera, a solution built to protect data with military-grade encryption.
Amplify also sold LightCyber to Palo Alto Networks and Conjur to CyberArk in early 2017.
Dhaliwal and Dauber said in a joint statement: “With the launch of Fund III we can confidently say that the steady growth of our team, brand, and capital base places us among the handful of firms that have graduated from ‘upstart’ to ‘established player’ in the early-stage VC landscape. And while mega-funds, sprawling multi-sector firms, and a new crop of micro-VCs might promise to remake venture capital in every conceivable way, we’re proud to say that our core principles will remain unchanged.”
The co-founders said Amplify will remain deeply focused on supporting founders who pioneer new applications of machine learning and those pushing the frontier of modern computing. It will also partner with technologists who have grand visions for what comes next. “The mindbenders, data scientists, renowned roboticists, and enlightened systems engineers who wholeheartedly believe there’s a better way to a better world ahead.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
