Glilot Capital Partners today announced that it has closed its third investment fund, Glilot III, at $110 million.
Earlier technology funds such as Glilot I and Glilot II specialized in investing in Israeli early-stage start-ups in emerging technology areas such as artificial intelligence, big data and cyber security.
Managing partners Kobi Samboursky and Arik Kleinstein, former officers in the R&D unit of the IDF Intelligence Corps, founded Glilot Capital in 2011 with the aim of investing in cyber security and organizational software.
David Johnson, a partner in the Blackstone Group and formerly vice president of corporate development at IBM and senior vice president of strategy at Dell, head the fund’s team of experts.
International research firm Preqin ranked the fund as the third best performing VC fund in the world in 2016. It garnered the number one spot as the world’s top performing VC fund in 2017.
Glilot has invested in 20 companies, with six of its first eight portfolio companies acquired by global corporations: Aorato by Microsoft, Insightera by Marketo (newly acquired by Adobe), LightCyber by Palo Alto Networks, Porticor by Intuit, BlazeMeter by CA Technologies and Solebit just recently by Mimecast.
Protego, Exceed.ai, Intsights, YouAppi, CyberX, Genoox, Mintigo, Inflowz, BrandTotal and Upstream are the other portfolio companies.