YL Ventures, a global cybersecurity venture capital firm, announced the appointment of Justin Somaini as a full-time Partner.
Somaini is a renowned leader in the global cybersecurity industry and the former Chief Information Security Officer (CISO) of global giants Unity, SAP, Yahoo! and Symantec. He has served in various security roles in global enterprises during his 30-year career, positioning him at the forefront of the industry. Somaini’s relationship with YL Ventures began over a decade ago when he became one of the firm’s first advisors and has since been actively involved in YL Ventures’ Venture Advisory Board – a network of over 120 leading CISOs and security practitioners from Fortune 100 and high-growth companies, who advise the firm’s portfolio companies.
Somaini will to play a meaningful role in the foundational stages of company-building that will shape the future of the cybersecurity industry. He will join the board of directors of several of YL Ventures’ existing portfolio companies and lead the firm’s US-based Business Development team, helping them cultivate partnerships and manage customer engagements. Leveraging his cybersecurity background, business management skills and close relationships with global cybersecurity leaders, Somaini will be instrumental in helping the firm’s founders build the next wave of cybersecurity market dominators.
Commenting on the new appointment, Yoav Leitersdorf, YL Ventures’ Managing Partner, said: “Beyond his technical expertise and phenomenal reputation within the global cybersecurity industry, Justin has a holistic understanding and approach to this dynamic and complex field. He is passionate about understanding the core problems his colleagues face daily and is equally passionate about finding solutions that will help not only security teams but will also be outstanding business investments. This versatility and well-rounded approach, coupled with his drive to help build companies from the ground up, makes him a perfect fit for us at YL Ventures.“
YL Ventures funds and supports cybersecurity entrepreneurs from seed to scale to help them evolve transformative ideas into market-leading companies. The firm accelerates company growth with tailored support through its network of Chief Information Security Officers, global industry leaders and a dedicated team of multidisciplinary experts. Based in Silicon Valley, New York and Tel Aviv, YL Ventures manages five funds with $800M in total AUM. The firm has a track record of seeding cybersecurity unicorns such as Axonius and Orca Security and its portfolio companies have been acquired by high-profile, global industry leaders including Palo Alto Networks, Microsoft, Okta and Proofpoint.