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Israeli VC fund launches $26m for AI, cybersecurity startups
Skinos Ventures, a new Israel-based venture fund, has launched with US$26 million to invest in seed and series A startups working on cybersecurity and AI in Israel.
Most of the capital came from Shlomo Kramer, a co-founder of Check Point and a strategic adviser to the fund, which plans to make five investments and write US$2.5 million checks at each stage.
The fund is managed by general partner Yishay Yovel, a former chief marketing and strategy officer at Cato Networks, and it has already backed Spectrum and another startup operating in stealth.
🔗 Source: Calcalist
🧠 Food for thought
Implications, context, and why it matters.
Skinos backs automated detection engineering as AI speeds up attacks
- Skinos Ventures’ first public portfolio company is Spectrum Security, which tackles a long-running problem in security operations. Teams still struggle to build and maintain threat detection logic in a reliable way 1.
- Spectrum says attackers can spot vulnerabilities and turn disclosures into active attacks within hours. Many security teams still take weeks to detect and respond 1.
- The company’s platform automates the work of building, testing, deploying, and maintaining detection logic. It plugs into security information and event management systems (SIEMs), data lakes, and endpoint detection and response tools (EDRs), so companies can keep the tools they already use 1.
- In live customer environments, Spectrum says it cut detection authoring time from 121 days to under 30 minutes 1.
A small operator-backed fund targets seed and series A cyber and AI startups in Israel
- Skinos Ventures is a new Israel-based fund focused on seed and series A cybersecurity and AI startups in Israel. Most of its capital comes from Check Point co-founder Shlomo Kramer, who serves as a strategic adviser to the fund 2.
- general partner Yishay Yovel, former chief marketing and strategy officer at Cato Networks, runs the fund. It plans to make five investments with US$2.5 million checks at each stage 2.
- Skinos’s early backing of Spectrum fits a wider startup push to improve enterprise security systems through automation instead of rip-and-replace deployments, which lets companies keep their current tools rather than swap them out 1.
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