Scott Lundgren Joins Ten Eleven Ventures
With decades of experience in building and advising cybersecurity companies, Lundgren is set to strengthen the firm's expanding portfolio of startups and scale-ups.
Introducing Scott Lundgren
Ten Eleven Ventures, a prominent venture capital firm specializing in cybersecurity, has welcomed Scott Lundgren as its Operating Partner and Chief Technology Officer (CTO). In this pivotal role, he will work alongside various firms in the Ten Eleven portfolio, shaping their technical strategies, engaging with Chief Information Security Officers (CISOs), and guiding the launch of innovative products designed to secure 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 a founding member of Carbon Black, where he played a crucial role in the company’s transformation from a startup into a publicly traded entity, ultimately leading to its acquisition by VMware. His diverse background spans various technical roles, including Chief Architect and Senior Vice President of Engineering and Product Management. Under his leadership, the company achieved tremendous growth, skyrocketing from zero revenues to over $400 million in Annual Recurring Revenue (ARR) and expanding its workforce beyond 1,600 employees.
Driving Innovation and Support
Lundgren’s strategic insights go beyond product development. He has firsthand experience in both offensive and defensive security roles and has contributed to security operations for major organizations, including Microsoft and the U.S. Air Force. His deep expertise in threat hunting positions him to tackle the complex security challenges that organizations face today.
Vision and Commitment
Mark Hatfield, co-founder and General Partner at Ten Eleven Ventures, expressed his excitement about Scott's hiring: "Scott is not only an action-oriented operator, but he also embodies humility and compassion as a leader. His vision is set to drive innovation in our industry. His addition will greatly enhance our support for portfolio companies, allowing us to identify and nurture new investments in cybersecurity. We truly value his insights and are thrilled at the chance to work with someone of his caliber."
Excitement for Future Collaborations
In reaction to joining the team, Lundgren shared his enthusiasm: "Becoming a part of Ten Eleven is an incredible opportunity. My time at Carbon Black has armed me with invaluable knowledge about product development, team leadership, and engagement with security buyers. I look forward to empowering future cybersecurity founders to create solutions that tackle urgent security challenges. Ten Eleven's history of promoting technical excellence makes it the perfect fit for me."
Growing Team at Ten Eleven Ventures
The addition of Lundgren is part of the firm’s broader growth strategy, which includes recent new hires. Sid Subramanian, who previously worked at OpenView, has joined the Boston office as an Associate, while Hattie Egan-Young, formerly at Insight Partners, has stepped in as the Senior Director of Marketing.
Commitment to Cybersecurity Innovation
Additionally, Ten Eleven Ventures has elevated Grace Cassy, co-founder of CyLon, to Executive Chair of their Security Trust and Resilience (STAR) leaders network. This network focuses on fostering professional development among security leaders while providing essential resources and networking opportunities aimed at enhancing their careers.
Building a World-Class Venture Capital Firm
Alex Doll, co-founder and Managing Partner of Ten Eleven, noted, "With every new addition to our team, we constantly improve our ability to discover and support the next wave of leading cybersecurity entrepreneurs. We strive to blend deep industry knowledge with understanding for the entrepreneurial journey, which we believe is crucial to creating a premier venture capital firm dedicated to cybersecurity success."
About Ten Eleven Ventures
Ten Eleven Ventures is a unique venture capital firm that primarily invests in cybersecurity. It actively seeks out and nurtures top-tier cybersecurity companies responding to urgent digital security challenges. Having raised over $1 billion and made more than 50 investments globally, the firm has built a solid reputation within the cybersecurity investment realm, partnering with innovators like KnowBe4, Darktrace, and Cylance. The firm remains a leader in addressing the evolving challenges of cybersecurity through strategic investments and expert guidance.
Frequently Asked Questions
What is Scott Lundgren's role at Ten Eleven Ventures?
Scott Lundgren serves as Operating Partner and CTO, focusing on enhancing technical strategies and product development for the firm's portfolio companies.
What experience does Scott Lundgren have?
Lundgren boasts over 20 years of expertise in cybersecurity, having been a founding member and CTO at Carbon Black, where he significantly contributed to the company's growth.
How does Ten Eleven Ventures assist cybersecurity companies?
The firm offers strategic guidance, technical support, and investment to help cybersecurity companies grow and innovate effectively.
What recent growth has Ten Eleven Ventures experienced?
The firm has recently expanded its team by adding notable members to enhance its support and investment strategies within the cybersecurity sector.
Why is Ten Eleven Ventures seen as a leader in cybersecurity investment?
Having raised over $1 billion and made more than 50 significant investments in cybersecurity, Ten Eleven Ventures demonstrates its commitment and expertise in this critical area.
