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§ Venture Capital · New York City, NY, USA
Venture capital firm investing in rapidly growing cybersecurity and AI software companies, providing operational expertise.
Evolution Equity Partners is a New York City-based venture capital firm that invests in rapidly growing cybersecurity and artificial intelligence software companies operating in global enterprise markets. The firm provides financial backing across various funding stages from seed to growth, having successfully invested in a portfolio of more than 70 specialized cybersecurity software companies to date. Its investment portfolio features prominent enterprise technology startups, including Armis, which recently closed a $435 million funding round at a $6.1 billion valuation. Additional notable investments include Noma Security, which secured $100 million in venture funding, and Protect AI, which was subsequently acquired by cybersecurity giant Palo Alto Networks. The investment firm was founded by managing partners Richard Seewald and Dennis Smith to leverage their extensive operational expertise and transatlantic networks to help technology entrepreneurs scale their software businesses.
Key people at Evolution Equity Partners.
Evolution Equity Partners was founded in 2008 by Dennis Smith (Managing Partner and Founder).
Key people at Evolution Equity Partners.
Evolution Equity Partners is a New York-based venture capital firm specializing in growth-stage investments primarily in cybersecurity and enterprise software companies. Their mission is to partner with visionary entrepreneurs building next-generation technologies that address the evolving digital threat landscape and enterprise transformation needs. The firm provides capital, industry expertise, and a global network to help portfolio companies scale operations, enter new markets, and accelerate growth. With assets under management of approximately $1.6 billion and a focus on North America and Europe, Evolution Equity Partners plays a significant role in advancing cybersecurity innovation and enterprise software development[1][3].
Founded by technology entrepreneurs and investors Richard Seewald and Dennis Smith, the firm leverages deep domain expertise and operational experience to back category-defining companies. Their investment philosophy centers on conviction investing, hands-on partnership, and long-term alignment with founders. Evolution Equity Partners has a strong track record of supporting over seventy cybersecurity companies, helping them achieve market leadership and significant milestones. The firm’s portfolio includes companies developing network security analytics, AI-driven data platforms, blockchain forensics, and regulatory technology, reflecting a broad yet focused approach within cybersecurity and software[1][2][3].
Evolution Equity Partners was founded by Richard Seewald and Dennis Smith, both seasoned investors and technology entrepreneurs with backgrounds in building and scaling software companies globally. The firm’s founding vision was to create a venture capital platform that combines deep operational knowledge with investment acumen to support cybersecurity and enterprise software companies at growth stages. Over time, the firm has evolved to manage multiple funds, including a recent oversubscribed $1.1 billion fund dedicated to cybersecurity investments, underscoring its growing influence and capital strength in the sector[1][3].
Evolution Equity Partners rides the critical trend of increasing cybersecurity threats and the digital transformation imperative across industries. The timing is crucial as enterprises face escalating cyber risks and regulatory demands, driving demand for innovative security solutions. The firm’s focus on next-generation cybersecurity technologies, including AI and blockchain analytics, positions it to capitalize on market forces favoring advanced, scalable security platforms. By supporting pioneering companies, Evolution Equity Partners influences the broader ecosystem by accelerating innovation, fostering global collaboration, and shaping the future of digital security infrastructure[1][2][4].
Looking ahead, Evolution Equity Partners is poised to deepen its impact in cybersecurity and enterprise software by continuing to back visionary founders and emerging technologies such as AI-driven security analytics and autonomous threat detection. The firm’s ability to raise oversubscribed funds signals strong investor confidence and resources to support rapid growth. As cyber threats evolve and regulatory landscapes tighten, Evolution Equity Partners’ role as a strategic partner to innovative companies will likely expand, reinforcing its position as a key catalyst in safeguarding the digital world and shaping the future of enterprise technology[1][3][4].
Evolution Equity Partners was founded in 2008 by Dennis Smith (Managing Partner and Founder).
Evolution Equity Partners has more than 26 tracked investments across 26 companies. The latest tracked deal is $125.0M Series A in Kai in March 2026.