Early-stage enterprise capital agency Shasta Ventures has introduced on three new faces to beef up its enterprise software program and safety portfolio amid a giant push to “go deeper” into cybersecurity, per Shasta’s managing director Doug Pepper.
Balaji Yelamanchili (above left), the previous normal supervisor and govt vp of Symantec’s enterprise safety enterprise unit, joins as a enterprise companion on the agency’s enterprise software program group. He was beforehand a senior vp at Oracle and Dell EMC. Pepper says Yelamanchili can be sourcing investments and will take board seats in “sure circumstances.”
The agency has additionally tapped Salesforce’s former chief data safety officer Izak Mutlu (above heart) as an executive-in-residence, a task by which he’ll advise Shasta portfolio corporations. Mutlu spent 11 years on the cloud computing firm managing IT safety and compliance.
InterWest board companion Drew Harman, the ultimate new rent, has joined as a board companion and can work intently with the chief govt officers of Shasta’s startups. Harman has labored in enterprise software program for 25 years throughout various roles. He’s at present on the boards of the cloud-based monetization platform Aria, enterprise content material advertising startup NewsCred, buyer retention software program supplier Totango and others.
“There’s no space at present that’s extra necessary than cybersecurity,” Pepper advised TechCrunch. “The enterprise of enterprise has gotten more and more aggressive and it calls for extra focus than ever earlier than. We aren’t in search of generalists, we’re in search of area consultants.”
Shasta’s safety investments embody electronic mail authentication service Valimail, which raised a $25 million Series B in Could. Airspace Programs, a startup that constructed “kinetic seize” applied sciences that may establish offending unmanned aircrafts and take them down, raised a $20 million round with participation from Shasta in March. And 4-year-old Stealth Safety, a startup that defends corporations from automated bot assaults, secured an $8 million funding from Shasta in February.
The Menlo Park-based agency filed to boost $300 million for its fifth flagship VC fund in 2016. A 12 months later, it introduced a specialty vehicle geared towards augmented and digital actuality app improvement. With greater than $1 billion underneath administration, the agency additionally backs shopper, IoT, robotics and space-tech corporations throughout the U.S.
Within the final 12 months, Shasta has promoted Nikhil Basu Trivedi, Nitin Chopra and Jacob Mullins from affiliate to companion, in addition to added two new associates, Natalie Sandman and Rachel Star.