Gili Raanan Explained

Gili Raanan
Birth Date:1969
Birth Place:Kfar Saba, Israel
Nationality:Israeli
Occupation:Partner at Sequoia Capital & Cyberstarts

Gili Raanan (born 1969) is an Israeli venture capitalist and former founder of multiple software companies. Raanan started Sanctum in 1997, the company that created the Web application firewall AppShield and the web application penetration testing software AppScan.[1] [2] He later started NLayers which was acquired by EMC Corporation. He was a general partner at Sequoia Capital,[3] the founder of Cyberstarts,[4] and board member at Wiz, Adallom,[5] Onavo,[6] and Moovit,[7] Snaptu.[8]

Biography

Gili Raanan was born in Kfar Saba, Israel. He served in Unit 8200[9] [10]

Notes and References

  1. Web site: Sanctum's AppShield. Weinberg. Neal. 23 September 2003 . 2016-09-11.
  2. Web site: Quick Takes: AppScan release secures Web applications. 10 February 2016 . en-US. 2016-09-11.
  3. Web site: Sequoia - Gili Raanan. Sequoia Capital. 2016-09-11. 2017-02-18. https://web.archive.org/web/20170218082054/https://www.sequoiacap.com/israel/people/gili-raanan/. dead.
  4. News: Sequoia Israel Partner Launches New $50 Million Cybersecurity Fund. 2018-04-12. CTECH - www.calcalistech.com. 2018-04-16.
  5. Web site: Microsoft to acquire Israeli start-up Adallom for $320m. Shamah. David. www.timesofisrael.com. en-US. 2020-01-11.
  6. Web site: TechCrunch. 2020-10-03. TechCrunch. 14 October 2013 . en-US.
  7. Web site: Orbach. Meir. 2020-05-04. Intel Inks Deal to Acquire Moovit for $1 Billion. 2020-10-03. CTECH - www.calcalistech.com.
  8. Web site: Russell . Jon . Facebook Takes Internet.org And Its Free Mobile Data Services To India . 2016-09-11 . TechCrunch.
  9. Web site: Hill . Kashmir . Meet The Ex-NSA And Ex-Unit 8200 Spies Cashing In On Security Fears . 2024-06-22 . Forbes . en . https://web.archive.org/web/20240330030103/https://www.forbes.com/sites/kashmirhill/2014/09/10/meet-the-ex-nsa-and-ex-unit-8200-spies-cashing-in-on-security-fears/ . 2024-03-30.
  10. Web site: Wrobel . Sharon . 2023-09-24 . Israel’s Cyberstarts closes $480m fund for cybersecurity investments . live . https://web.archive.org/web/20240303234751/https://www.timesofisrael.com/israels-cyberstarts-closes-480m-fund-for-cybersecurity-investments/ . 2024-03-03 . 2024-06-22 . Times of Israel.
  11. Web site: Gili Raanan: Executive Profile & Biography - Businessweek. www.bloomberg.com. 2016-09-17.
  12. Web site: CNN - New tool blocks wily e-comm hacker tricks - September 7, 1999. Messmer. Ellen. edition.cnn.com. 2024-06-22 . https://web.archive.org/web/20200923193437/http://edition.cnn.com/TECH/computing/9909/07/ecomm.hack.idg/index.html . 2020-09-23.
  13. Web site: Sanctum focuses on QA, Web services with Appscan . 2024-06-22 . Computerworld . en . https://web.archive.org/web/20240622120859/https://www.computerworld.com/article/1719674/sanctum-focuses-on-qa-web-services-with-appscan.html . 2024-06-22.
  14. Web site: 2003-07-14 . NLayers raises $3m from Walden, Gemini - Globes . 2024-06-22 . en.globes.co.il . en . https://web.archive.org/web/20240622121135/https://en.globes.co.il/en/article-705694 . 2024-06-22.
  15. News: Associated Press . 2006-06-09 . EMC Buys Israeli startup nLayers . 2024-06-22 . Ynetnews . en . https://web.archive.org/web/20070609183336/https://www.ynetnews.com/articles/0,7340,L-3260731,00.html . 2007-06-09.
  16. Web site: Gili Raanan Joins Sequoia Capital - PE Hub. 2009-03-18. en-US. 2016-09-17. 2016-09-18. https://web.archive.org/web/20160918013334/https://www.pehub.com/2009/03/gili-raanan-joins-sequoia-capital/. dead.
  17. Web site: Israeli cybersecurity VC fund CyberStarts raises $50m. Globes. he. 2018-11-02.
  18. News: Cyberstarts Hits 300% Yearly Returns for Backers Such as Sequoia. 2022-04-01 . Bloomberg.com. 9 February 2022 .
  19. Web site: 2024-06-13 . The Gili Ra'anan model: Questions emerging from Cyberstarts' remarkable success . 2024-06-22 . ctech . en . https://web.archive.org/web/20240616130118/https://www.calcalistech.com/ctechnews/article/b1a1jn00hc . 2024-06-16.
  20. Web site: Holmes . Aaron . 2022-08-16 . How a Former Sequoia Capital Partner Cornered the Israeli Security Startup Market — The Information |url=https://www.theinformation.com/articles/how-a-former-sequoia-capital-partner-cornered-the-israeli-security-startup-market |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20230922162857/https://www.theinformation.com/articles/how-a-former-sequoia-capital-partner-cornered-the-israeli-security-startup-market |archive-date=2023-09-22 |access-date=2024-06-22 |website=The Information}} for ten years.[10] He earned a Bachelor of Computer Science In 2002 from the Tel Aviv University, he received a Master of Business Administration degree from the Recanati School of the Tel Aviv University.[11]

    Business career

    Raanan started Sanctum in 1997, and created AppShield, a web application firewall[12] and AppScan, a web application penetration testing tool.[13]

    Raanan later started NLayers[14] in 2003 which was acquired by EMC Corporation pioneering the science of Application discovery and understanding.[15]

    Venture capitalist

    In 2009 Raanan joined Sequoia Capital in Israel as a General Partner.[16] In 2018 Raanan founded Cyberstarts, which is an early stage VC focused on Cybersecurity.[17] Raanan is a seed investor in a number of Cybersecurity companies such as Fireblocks, Wiz, Noname, Island.io,[18] Armis and Adallom. These companies tend to be staffed with Unit 8200 veterans.

    In June 2024 the Israeli business news outlet Calcalist published an investigation into Cyberstarts' business practices, writing that "points worth tens of thousands of dollars are awarded to CISOs of organizations for deepening relationships with the fund's portfolio companies, aiding their growth" and "mutual oral understanding is that the progress in accumulating points also involves purchases." Raanan and the fund responded by saying that "No CISO received compensation for purchasing products."[19]

    References

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