Scott Lundgren Strengthens Ten Eleven Ventures as CTO and Partner
Scott Lundgren Joins Ten Eleven Ventures
Lundgren brings decades of experience building and advising cybersecurity companies to the firm's growing portfolio of startups and scale-ups.
Introduction of Scott Lundgren
Ten Eleven Ventures, a leading venture capital firm focusing on cybersecurity, has announced the addition of Scott Lundgren as Operating Partner and Chief Technology Officer (CTO). In this significant role, he will collaborate with various companies within the Ten Eleven portfolio to shape technical strategies, engage with Chief Information Security Officers (CISOs), and oversee the launch of groundbreaking products aimed at securing digital environments.
Expertise in Cybersecurity
Scott Lundgren brings an impressive two decades of experience in cybersecurity product development and technical leadership to Ten Eleven Ventures. Notably, he was part of the founding team at Carbon Black, overseeing its evolution from a startup to a publicly traded company and eventual acquisition by VMware. His extensive background includes various technical roles such as Chief Architect and Senior Vice President of Engineering and Product Management. During his tenure, he led teams focused on product strategy, engineering, and innovation, successfully growing the company from zero revenues to over $400 million in Annual Recurring Revenue (ARR) with a workforce expanding beyond 1,600 employees.
Driving Innovation and Support
Lundgren's strategic insight extends beyond product development. He has experience in offensive and defensive security roles, having contributed to security operations for major enterprises, including Microsoft and the U.S. Air Force. His deep understanding of threat hunting equips him with the capability to address sophisticated security challenges faced by organizations today.
Vision and Commitment
Mark Hatfield, co-founder and General Partner at Ten Eleven Ventures, expressed enthusiasm over Scott's hiring: "Scott is not only an action-oriented operator but also a humble and compassionate leader, whose vision can drive innovation in our industry. His presence will significantly enhance our support for portfolio companies, enabling us to identify and nurture new investments in cybersecurity. We value his insights and the opportunity to collaborate with someone of his caliber."
Excitement for Future Collaborations
In response, Lundgren shared his excitement about joining Ten Eleven Ventures: "Becoming part of Ten Eleven is a remarkable opportunity. My years at Carbon Black equipped me with key knowledge about product development, team leadership, and working directly with security buyers. I hope to empower the next generation of cybersecurity founders to create impactful solutions that will address pressing security needs. Ten Eleven's track record of supporting technical excellence makes this a perfect fit."
Growing Team at Ten Eleven Ventures
The recruitment of Lundgren aligns with the firm's strategic growth, which includes the recent appointments of new team members. Sid Subramanian, previously at OpenView, has joined the Boston office as an Associate, while Hattie Egan-Young, formerly of Insight Partners, has been appointed as the Senior Director of Marketing.
Commitment to Cybersecurity Innovation
Recently, Ten Eleven Ventures also elevated Grace Cassy, co-founder of CyLon, to Executive Chair of their Security Trust and Resilience (STAR) leaders network. This network aims at fostering professional development among security leaders, providing additional resources and networking opportunities to enhance their careers.
Building a World-Class Venture Capital Firm
Alex Doll, co-founder and Managing Partner of Ten Eleven, remarked, "With each addition to our team, we continually enhance our capacity to find and support the next wave of leading cybersecurity entrepreneurs. We strive to combine deep industry knowledge with empathy for the entrepreneurial journey, which we believe is crucial for building a premier venture capital firm dedicated to cybersecurity success."
About Ten Eleven Ventures
Ten Eleven Ventures is a distinctive venture capital firm primarily focused on cybersecurity investments. It actively seeks out and nurtures top-tier cybersecurity companies responding to urgent digital security demands. With over $1 billion raised and more than 50 investments globally, it has established a strong reputation in the cybersecurity investment space, partnering with innovators such as KnowBe4, Darktrace, and Cylance. The firm continues to be a leader in addressing the evolving challenges of cybersecurity through strategic investments and expert guidance.
Frequently Asked Questions
What is the role of Scott Lundgren at Ten Eleven Ventures?
Scott Lundgren has joined as Operating Partner and CTO, where he will work with portfolio companies to enhance technical strategies and product development.
What experience does Scott Lundgren bring?
Lundgren brings over 20 years of expertise in cybersecurity, notably as a founding member and CTO of Carbon Black, contributing to its significant growth.
How does Ten Eleven Ventures support cybersecurity companies?
Ten Eleven Ventures provides strategic guidance, technical support, and investment to help grow and innovate in the cybersecurity sector.
What has been the recent growth at Ten Eleven Ventures?
The firm has recently expanded its team, adding notable members to enhance its support and investment strategies in cybersecurity.
Why is Ten Eleven Ventures considered a leader in cybersecurity investment?
Ten Eleven Ventures has raised over $1 billion and made over 50 significant investments in the cybersecurity sector, demonstrating its commitment and expertise in this area.
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