Glilot Capital, an Israeli venture capital fund, recently announced that it has successfully raised $500 million. This significant new funding, sourced from major financial organizations across the US, Europe, and Israel, will be used to expand the firm’s support for startups specializing in cybersecurity, AI, and enterprise software. The capital infusion boosts Glilot’s total assets under management to over $1 billion and will be allocated to its Glilot Seed and Glilot Plus programs.
Founded in 2011, Glilot has established itself as a leading venture capital firm with a strong track record. The firm has achieved 22 successful exits, a testament to its ability to identify and nurture promising startups. Its impressive portfolio includes notable companies such as At-Bay, a cyberinsurance provider, and others that have been acquired by tech giants like Microsoft, Palo Alto Networks, and Rapid7. Glilot’s co-founder and managing partner, Kobi Samboursky, credits these successful outcomes to the fund’s capacity to spot market-defining startups early and provide them with the necessary resources and connections to accelerate their growth.
Beyond providing financial backing, Glilot offers strategic support to its portfolio companies. The firm helps early-stage startups accelerate their go-to-market strategies by connecting them with Fortune 1000 companies. This hands-on approach, combined with deep sector expertise, is a key part of Glilot’s value proposition, helping founders navigate the complexities of scaling their businesses globally.
Despite a global slowdown in venture capital fundraising, Glilot remains confident in its investment strategy, particularly within the cybersecurity and AI sectors. The firm believes these areas are resilient and poised for continued growth due to increasing global security risks and the widespread adoption of AI technologies by businesses. This strategic focus positions Glilot to capitalize on enduring market trends and support companies addressing critical technological needs.
In tandem with its new funding, Glilot has appointed Rinat Remler as its fifth partner. Remler, a seasoned senior financial executive and partner at Jerusalem Venture Partners, will be responsible for accelerating Glilot’s global scale and strengthening its support for portfolio companies. Glilot co-founder and managing partner Arik Kleinstein highlighted her addition, stating that her deep operational expertise and track record of helping founders scale globally will significantly enhance the firm’s ability to provide hands-on support to entrepreneurs at every stage of their journey.
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