# Corporate VCs backing Cybersecurity (2026 list)

> 73 corporate VCs backing Cybersecurity, 93% active in the last 12 months. Led by Wayra, Intel Capital, Google Ventures. Ranked by what they funded.

Source: https://millionrounds.com/lists/corporate-vcs-cybersecurity (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Corporate VCs backing Cybersecurity

Updated 7 November 2026

Corporate VCs we have observed in a cybersecurity round in the last two years.

[See all 73 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-cybersecurity)The top 25

**73** investors on the list *+1* this week

**871** cheques in 12 months *-5%* against the market

**$25M** median round they joined *+213%* against the market median

**93%** wrote a cheque in 12 months

**53%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Wayra](https://millionrounds.com/fund/wayra) *Deploying now* Corporate VC · Germany **1,160** **$2M** median round **Sept 2026** last seen
- 2 [Intel Capital](https://millionrounds.com/fund/intel-capital) *Deploying now* Corporate VC · United States **1,123** **$22M** median round **Oct 2026** last seen
- 3 [Google Ventures](https://millionrounds.com/fund/gv) *Deploying now* Corporate VC · United States **884** **$38M** median round **Oct 2026** last seen
- 4 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) *Deploying now* Corporate VC · United States **649** **$26M** median round **Nov 2026** last seen
- 5 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) *Deploying now* Corporate VC · United States **465** **$9.8M** median round **Nov 2026** last seen
- 6 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen
- 7 [Samsung Next](https://millionrounds.com/fund/samsung-next) *Deploying now* Corporate VC · United States **311** **$15M** median round **Nov 2026** last seen
- 8 [M12](https://millionrounds.com/fund/m12) *Deploying now* Corporate VC · United States **300** **$30M** median round **Oct 2026** last seen
- 9 [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) *Deploying now* Corporate VC · United States **228** **$20M** median round **Oct 2026** last seen
- 10 [Z Venture Capital](https://millionrounds.com/fund/z-venture-capital) *Deploying now* Corporate VC · Japan **200** **$10M** median round **Oct 2026** last seen
- 11 [Comcast Ventures](https://millionrounds.com/fund/comcast-ventures) *Deploying now* Corporate VC · United States **199** **$25M** median round **Oct 2026** last seen
- 12 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 13 [Sony Innovation Fund](https://millionrounds.com/fund/sony-innovation-fund) *Deploying now* Corporate VC · Japan **142** **$10M** median round **Sept 2026** last seen
- 14 [Cisco Investments](https://millionrounds.com/fund/cisco-investments) *Deploying now* Corporate VC · United States **128** **$30M** median round **Oct 2026** last seen
- 15 [Visa](https://millionrounds.com/fund/visa) *Deploying now* Corporate VC · United States **123** **$7.5M** median round **Oct 2026** last seen
- 16 [Rabobank](https://millionrounds.com/fund/rabobank) *Deploying now* Corporate VC · Netherlands **122** **$3.2M** median round **Nov 2026** last seen
- 17 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 18 [Microsoft](https://millionrounds.com/fund/microsoft) *Deploying now* Corporate VC · United States **105** **$50M** median round **Sept 2026** last seen
- 19 [Chevron Technology Ventures](https://millionrounds.com/fund/chevron-technology-ventures) *Deploying now* Corporate VC · United States **104** **$17M** median round **Sept 2026** last seen
- 20 [Hana Ventures](https://millionrounds.com/fund/hana-ventures) *Deploying now* Corporate VC · South Korea **102** **$6.2M** median round **Jul 2026** last seen
- 21 [Rev1 Ventures](https://millionrounds.com/fund/rev1-ventures) *Deploying now* Corporate VC · United States **89** **$3M** median round **Mar 2026** last seen
- 22 [Protocol Labs](https://millionrounds.com/fund/protocol-labs) *Deploying now* Corporate VC · United States **87** **$4.3M** median round **Apr 2026** last seen
- 23 [Swisscom Ventures](https://millionrounds.com/fund/swisscom-ventures) *Deploying now* Corporate VC · Switzerland **83** **$17M** median round **Jul 2026** last seen
- 24 [Lockheed Martin](https://millionrounds.com/fund/lockheed-martin-ventures) *Deploying now* Corporate VC · United States **80** **$27M** median round **Oct 2026** last seen
- 25 [Dell Technologies Capital](https://millionrounds.com/fund/dell-technologies-capital) *Deploying now* Corporate VC · United States **77** **$18M** median round **Oct 2026** last seen

**48 more on this list**

All 73 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fcorporate-vcs-cybersecurity)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Samsung Next](https://millionrounds.com/fund/samsung-next)
- **5** Nov **[Return](https://millionrounds.com/company/return)** Debt · $936M *With* [Rabobank](https://millionrounds.com/fund/rabobank)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- **4** Nov **Sentra** Series C · $150M *With* [Munich Re Ventures](https://millionrounds.com/fund/munich-re-ventures)
- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [State Farm Ventures](https://millionrounds.com/fund/state-farm-ventures)

## Stages This Year

777 rounds

- Series A **22%**
- Venture **15%**
- Series B **15%**
- Seed **13%**
- Series C **10%**
- Other **25%**

## What They Backed

Sectors, last 12 months

- AI **358**
- Fintech **77**
- Cybersecurity **60**
- Big Data & Analytics **59**
- Web3 & Crypto **55**
- Robotics **41**

## Cheques by Quarter

Led Joined

246 Q1 25

232 Q2 25

239 Q3 25

254 Q4 25

265 Q1 26

242 Q2 26

205 Q3 26

68 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in security

- Hackers: Heroes of the Computer Revolution Steven Levy · 1984 4.16 from 8,649 ratings on Goodreads Security About the book A mere fifteen years ago, computer nerds were seen as marginal weirdos, outsiders whose world would never resonate with the mainstream. That was before one pioneering work documented the underground computer revolution that was about to change our world forever. With… On AmazonListen on Audible
- The DevOps Handbook: How to Create World-Class Agility, Reliability, and Security in Technology Organizations Gene Kim · 2015 4.29 from 5,988 ratings on Goodreads Security Company building About the book Increase profitability, elevate work culture, and exceed productivity goals through DevOps practices.More than ever, the effective management of technology is critical for business competitiveness. For decades, technology leaders have struggled to balance agility, reliability,… On AmazonListen on Audible
- Smartcuts: How Hackers, Innovators, and Icons Accelerate Success Shane Snow · 2014 3.88 from 6,577 ratings on Goodreads Security Company building Innovation About the book Entrepreneur and journalist Shane Snow (Wired, Fast Company, The New Yorker, and cofounder of Contently) analyzes the lives of people and companies that do incredible things in implausibly short time. How do some startups go from zero to billions in mere months? How did… On AmazonListen on Audible
- The Innovators: How a Group of Hackers, Geniuses and Geeks Created the Digital Revolution Walter Isaacson · 2014 4.12 from 40,532 ratings on Goodreads Security Innovation Company building About the book Following his blockbuster biography of Steve Jobs, The Innovators is Walter Isaacson’s revealing story of the people who created the computer and the Internet. It is destined to be the standard history of the digital revolution and an indispensable guide to how innovation really… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=security).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about corporate VCs backing Cybersecurity

### Who are the most active corporate VCs backing Cybersecurity?

By cheques observed, the most active are Wayra, Intel Capital, Google Ventures, Salesforce Ventures and Coinbase Ventures.

### How many corporate VCs backing Cybersecurity are there?

73 are on record. 93% made an investment in the last 12 months and 53% have led a round.

### Which stages do corporate VCs backing Cybersecurity back?

Of the rounds with a named stage in the last 12 months, mostly Series A (29%) and Series B (19%).

### How big are the rounds corporate VCs backing Cybersecurity join?

The typical (median) round among the leading investors here is $17M.

### Which sectors do corporate VCs backing Cybersecurity back most?

In the last 12 months, mostly AI, Fintech and Cybersecurity.

### Which corporate VCs backing Cybersecurity lead the most rounds?

Google Ventures (33 led), Intel Capital (19 led) and Salesforce Ventures (12 led).

### Where are corporate VCs backing Cybersecurity based?

Among the most active, most are based in the United States (18), Japan (2) and Switzerland (2).

### What have corporate VCs backing Cybersecurity invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with Coinbase Ventures), firmly (Series A, Nov 2026, with Samsung Next) and Return (Debt, Nov 2026, with Rabobank).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)