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Allegis Capital (AllegisCyber Capital)

VC

USGBILCybersecurityAI/MLEnterpriseB2B SaaSDeep Tech

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Investment thesis

Allegis Capital (operating as AllegisCyber Capital) is a global early-stage venture capital firm founded in 1996 that pioneered exclusive focus on cybersecurity and data science investing. The firm describes itself as 'the first VC focused exclusively on cybersecurity and data science,' backing seed to early-growth companies developing disruptive and innovative approaches to protect the global digital economy. With over $700 million in capital under management and more than 40 portfolio companies, Allegis uses an integrated investment platform — including a strategic partnership with cyber start-up studio DataTribe — to give entrepreneurs 'an unfair competitive advantage' through deep domain expertise, operational experience, and access to intelligence-community networks. The firm invests in companies securing both legacy computing infrastructure and next-generation platforms where security is inherent in design, spanning threat intelligence, identity & access, cloud security, endpoint security, OT/ICS security, and emerging AI-driven cyber defense. Allegis targets U.S. and select international markets, with a stated mission to 'bend the risk curve down and the acceleration curve up' for its portfolio founders.

Notable quotes

Cyber is the existential threat to the global digital economy. All levels of the enterprise, from the CISO, to Chief Risk Officer, to the Board of Directors are demanding comprehensive visibility, transparency and hard metrics to assess cyber situational awareness.

Bob Ackerman · PR Newswire – Panaseer Series B announcement · 2021

Allegis Capital's extensive experience in cyber security investing is crucial to our success. It provides the domain knowledge, access to entrepreneurs and customer relationships required to find, invest in and develop the next-generation of best-in-class technology to protect global digital infrastructure.

Bob Ackerman · Yahoo Finance – Allegis Capital Holds First Close on $100M Cybersecurity Fund · 2015

Allegis Cyber combines incredible cyber domain expertise with strategic venture. The value they bring to a company and its team is immeasurable.

Tim Eades · AllegisCyber Capital website – Tim Eades testimonial

Team

Robert R. Ackerman Jr.

Founder, Chairman & Managing Director

CybersecurityEnterpriseDeep Tech

Spencer Tall

Managing Director

CybersecurityAI/ML

Pete Bodine

Managing Director

CybersecurityEnterprise

David G. DeWalt

Managing Director

Cybersecurity

Michael Feiertag

Partner

CybersecurityB2B SaaS

Jennifer Scherbel

Senior Associate

Cybersecurity

Recent investments

CompanyRoundSizeDate
Polygraf AISeed$10m2025-10
ConcealSeries B$26m2025-10
DragosSeries A2017
SynackSeries A2014
Shape SecuritySeries A2013
PanaseerSeries B$27m2021
CyberGRXSeries B2018
vArmourSeries D$44m2020
IronPort SystemsEarly Stage2003
SignifydSeed2015

Frequent co-investors

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