# Norwest Venture Partners' Cybersecurity Investments: 12 Startups in Its Portfolio (2026)

> The 12 Cybersecurity startups Norwest Venture Partners has backed, by stage: $1.0B raised between them. From the rounds we track; updated nightly.

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

## Series C and later

6

- [Obsidian Security](https://millionrounds.com/company/obsidian-security)
- [*B* Bitglass](https://millionrounds.com/company/bitglass)
- [Shape Security](https://millionrounds.com/company/shape-security)
- [Veza](https://millionrounds.com/company/veza)
- [Agari](https://millionrounds.com/company/agari)
- [*C* Cynet](https://millionrounds.com/company/cynet)

## Pre-seed and seed

3

- [Raven.io](https://millionrounds.com/company/raven-io)
- [TrustLogix](https://millionrounds.com/company/trustlogix)
- [Heeler](https://millionrounds.com/company/heeler)

## Stage not reported

3

- [Exabeam](https://millionrounds.com/company/exabeam)
- [*A* ACL](https://millionrounds.com/company/acl)
- [SlashNext](https://millionrounds.com/company/slashnext)

## Segment by segment

### Series C and later

6 startups · $730M raised

- [**Obsidian Security**](https://millionrounds.com/company/obsidian-security) Obsidian Security is a cybersecurity company founded in 2017, specializing in comprehensive security solutions for SaaS and enterp United States $191M
- [*B* **Bitglass**](https://millionrounds.com/company/bitglass) United States $150M
- [**Shape Security**](https://millionrounds.com/company/shape-security) Shape Security is a cybersecurity company that specializes in AI-powered application defense technology. United States $143M
- [**Veza**](https://millionrounds.com/company/veza) Veza is a data security platform that helps users use and share their data safely. United States $108M
- [**Agari**](https://millionrounds.com/company/agari) Agari is a cloud-native email security platform based in Foster City, California. United States $85M
- [*C* **Cynet**](https://millionrounds.com/company/cynet) United States $53M

### Pre-seed and seed

3 startups · $42M raised

- [**Raven.io**](https://millionrounds.com/company/raven-io) Raven.io is a cybersecurity company based in Palo Alto, specializing in a runtime application protection platform designed to secu United States $20M
- [**TrustLogix**](https://millionrounds.com/company/trustlogix) TrustLogix equips businesses with privacy solutions through data security protection and governance. United States $13M
- [**Heeler**](https://millionrounds.com/company/heeler) Heeler is a Bethesda, Maryland-based application security startup founded in 2023. United States $8.5M

### Stage not reported

3 startups · $250M raised

- [**Exabeam**](https://millionrounds.com/company/exabeam) Exabeam is a global leader in cybersecurity, based in Foster City, California. United States $191M
- [*A* **ACL**](https://millionrounds.com/company/acl) Canada $50M
- [**SlashNext**](https://millionrounds.com/company/slashnext) SlashNext is a computer and network security company that specializes in cybersecurity, cyber-attack detection, and IT solutions. United States $9.0M

**How this map is made.** Every startup here works in Cybersecurity and has raised money in a round we track that names Norwest Venture Partners as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Sector portfolio **Norwest Venture Partners' AI portfolio** 51 startups · $5.0B](https://millionrounds.com/portfolio-maps/norwest-ai-portfolio)[Sector portfolio **Norwest Venture Partners' Fintech portfolio** 22 startups · $2.2B](https://millionrounds.com/portfolio-maps/norwest-fintech-portfolio)[Sector portfolio **Norwest Venture Partners' Biotech portfolio** 22 startups · $2.4B](https://millionrounds.com/portfolio-maps/norwest-biotech-portfolio)[Sector portfolio **Norwest Venture Partners' Big Data & Analytics portfolio** 19 startups · $1.2B](https://millionrounds.com/portfolio-maps/norwest-big-data-analytics-portfolio)[Sector portfolio **Norwest Venture Partners' Software portfolio** 13 startups · $821M](https://millionrounds.com/portfolio-maps/norwest-software-portfolio)[Sector portfolio **Norwest Venture Partners' Healthtech portfolio** 12 startups · $1.3B](https://millionrounds.com/portfolio-maps/norwest-healthtech-portfolio)

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