Evolution Equity Partners

Evolution Equity Partners is an international, cybersecurity-focused venture capital firm founded in 2008 by Richard Seewald and Dennis Smith, based in New York City. Led by technology entrepreneurs who have built software companies around the world, the firm leverages deep operating, technical, product development, and go-to-market expertise to help founders win. The firm backs exceptional entrepreneurs across multiple stages, from seed through growth, having raised over $2 billion in capital and invested in more than 70 cybersecurity companies to date. It also hosts an annual Presidents Forum, convening cybersecurity executives and global leaders. Its portfolio includes SecurityScorecard, Arctic Wolf, Talon, Quantexa, Pentera, Snyk, Armis, Cyera, Island, Noma Security, and Carbon Black, with Protect AI acquired by Palo Alto Networks in 2025. Armis recently closed a $435 million round at a $6.1 billion valuation. Evolution's investment approach centers on category-defining, architecture-shaping companies rather than feature-rich point solutions, drawing on the founding partners' three decades of combined investment, operational, and entrepreneurial experience to help portfolio companies build platforms positioned to lead the cybersecurity market.