theDocumentId => 1340615 Andy Ellis Named Operating Partner at YL Ventures

Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operations

4/7/2021
04:00 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Andy Ellis Named Operating Partner at YL Ventures

SAN FRANCISCO and TEL AVIV, April 6, 2021 -- YL Ventures, the prominent seed-stage global venture capital firm investing in Israeli cybersecurity startups, today announced that Andy Ellis, former CSO of Akamai Technologies, will join the YL Ventures team as Operating Partner.  

Ellis is a well-known industry leader who pioneered the CSO role over his 20-year tenure at Akamai. Joining YL Ventures, Ellis will leverage his extensive and interdisciplinary experience in the cybersecurity field to guide Israeli entrepreneurs through ideation and market validation processes pre-investment, as well as support YL Ventures portfolio companies post-investment with product development and understanding customer needs.

At Akamai, Ellis was a driving force behind transforming the company into a major security player, growing its security business to more than $1B in annual revenue and guiding Akamai's IT transformation to a distributed, zero-trust enterprise based on strong authentication. Ellis also led Akamai’s security portfolio, functionally operating as a stealth startup inside the content delivery business. Currently, Ellis is the CEO and principal at leadership development firm Duha. His cross-functional experience building, marketing and selling security solutions blends with his background as a security customer and organizational leader, making him an invaluable asset to early-stage cybersecurity startups.

For the past four years, Ellis has served as a venture advisor at YL Ventures, among 90+ global CISOs and cybersecurity executives from Fortune 100 and high-growth companies, providing Israeli cybersecurity entrepreneurs with tools for success in a competitive global market. Ellis currently serves as an advisor to YL Ventures portfolio companies Orca Security and Vulcan Cyber and made several angel investments alongside YL Ventures.

In a natural evolution of his advisory position, as an operating partner, Ellis will take a more active and hands-on role, expanding YL Ventures’ value-add services to Israeli startups, accelerating their roadmaps and supporting them with product-market fit, go-to-market strategies and managing customer pipelines.

“During the years of my partnership with YL Ventures, I have seen the significant impact and influence it has on cybersecurity startups’ success,” said Ellis. “This new role will provide me with an even greater ability to mentor and guide some of the most brilliant minds in the cybersecurity industry coming out of Israel and to support them in bringing cutting edge solutions to the market.”

With a career devoted to cyber risk and understanding how customers make decisions, Andy Ellis is an exceptional thinker, problem-solver and team-leader. Ellis’ expertise across disciplines will be vital to the growth of YL Ventures portfolio companies,” said managing partner Yoav Leitersdorf. “This role reinforces the mission of YL Ventures to focus on promising Israeli seed-stage startups in the cybersecurity sector and foster them from seed to lead,” added Leitersdorf.

“I’ve had the privilege of working with Andy Ellis as an advisor to Vulcan Cyber since its early days. I can’t stress enough how impactful his support has been from product to messaging to closing customers,” said Yaniv Bar Dayan, CEO & co-founder of YL Ventures’ portfolio company Vulcan Cyber. “Having an industry expert like Andy within YL Ventures will help build stronger teams by providing them with a customer perspective and competitive edge that is so crucial in these early stages.”

About YL Ventures

YL Ventures funds and supports brilliant Israeli tech entrepreneurs from seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages over $300 million and specializes in cybersecurity. YL Ventures accelerates the evolution of portfolio companies via strategic advice and U.S.-based operational execution, leveraging a powerful network of Chief Information Security Officers and global industry leaders. The firm's track record includes successful, high-profile portfolio company acquisitions by major corporations including Palo Alto Networks, Microsoft, CA and Proofpoint.

Heading the fund is Silicon Valley-based Managing Partner Yoav Andrew Leitersdorf, a serial entrepreneur and early-stage investor for over 25 years. Yoav works alongside Partner John Brennan in the U.S., while Partner & Head of Israeli Office Ofer Schreiber leads the Tel Aviv office together with Chief Marketing Officer, Sharon Seemann. With a multidisciplinary team of 15 spread across two offices, YL Ventures has engrained itself in both the U.S. and Israeli cybersecurity ecosystems.

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-34432
PUBLISHED: 2021-07-27
In Eclipse Mosquitto versions 2.07 and earlier, the server will crash if the client tries to send a PUBLISH packet with topic length = 0.
CVE-2021-20399
PUBLISHED: 2021-07-27
IBM Qradar SIEM 7.3.0 to 7.3.3 Patch 8 and 7.4.0 to 7.4.3 GA is vulnerable to an XML External Entity Injection (XXE) attack when processing XML data. A remote attacker could exploit this vulnerability to expose sensitive information or consume memory resources. IBM X-Force ID: 196073.
CVE-2021-20562
PUBLISHED: 2021-07-27
IBM Sterling B2B Integrator Standard Edition 5.2.0.0 through 5.2.6.5_3 and 6.1.0.0 through 6.1.0.2 vulnerable to cross-site scripting. This vulnerability allows users to embed arbitrary JavaScript code in the Web UI thus altering the intended functionality potentially leading to credentials disclos...
CVE-2020-18428
PUBLISHED: 2021-07-26
tinyexr commit 0.9.5 was discovered to contain an array index error in the tinyexr::SaveEXR component, which can lead to a denial of service (DOS).
CVE-2020-18430
PUBLISHED: 2021-07-26
tinyexr 0.9.5 was discovered to contain an array index error in the tinyexr::DecodeEXRImage component, which can lead to a denial of service (DOS).