🌴 Deal Flow: Kindo - AI Security

#020: Kindo is building the security platform for companies to safely connect private data with any AI model

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📃 Summary of Issue #020

  • Deal Flow Edition - Kindo AI

    • Venice-based Kindo is a cross between AI & Cybersecurity

    • CEO is 3X founder and 3X security executive at 3X unicorns (including LA-based Riot Games and Bird Global)

    • Its Series A round is oversubscribed and closing this week

  • Poll: What part of LA do you live/work in?

    • Take 3 seconds at the bottom so we can bring events to you!

A recent chat with a small group from the Emerging LA community led to a discussion about deal flow.

For the investors out there, you know how “sharing deals” is a topic that comes up often with other investors, be it a VC, angel, syndicate lead, or LP.

Some in the chat were aspiring investors who had not yet invested in their first deal. I remember those days… and making that first investment is a big milestone in the investor journey.

It just so happened that I had a hot AI Series A deal that I opened up with a special purpose vehicle (SPV) for an investment I had led on behalf of Sunset Ventures.

I invited her to join, and she was elated!

I was reminded of the impact of democratizing investment opportunities and offering a community so people don’t have to take that first step alone.

A few years ago, I co-founded Diverse Angels and saw firsthand the power that community can offer: capital + connection. We empowered women & people of color investors to invest in founders who looked like them.

With the Emerging LA community now at 2,500 strong, I wondered whether there would be yet another opportunity for us to make such an impact.

  • What if more people were empowered to emerge as investors in the Greater LA area?

  • What if they invested in startups based in LA or coming to the region to help Los Angeles emerge as a top ecosystem?

If you haven’t noticed already, I like to move fast and test new experiments!!

So here we are.

Welcome to the first “Deal Flow Edition” of Emerging LA! 

To test with an actual example, I will share the same AI startup that I shared with our elated community member mentioned above.

Read more to learn about the Kindo deal briefly.

There are only 6 slots and 24 hours left, so click this form to learn more if you are interested!

If not, rest assured there will be a follow-up issue to create more of a foundation for these deal flow editions and further test the community’s interest.

The latest deal with a startup based in or bound for Los Angeles!

Learn more about the $17M Series A Round

This Series A round is fully subscribed and closing quickly this week!

Allocations will be provided on a first-come, first-served basis. Submit this 60-second form to learn more and secure 1 of 6 spots before 6/4/24!

An AI-First Cloud Access Security Broker

Investment Summary

Kindo is building a security platform for companies to connect private data safely with any AI model and is positioned to win the $100B+ AI and cybersecurity market opportunity!

We are excited to invest in Kindo, which will benefit from AI’s disruption of the entire modern software stack. It is primed to win with a model-agnostic approach. It is led by a top-tier team of seasoned cybersecurity executives who have already shown early success with a "land and expand" enterprise strategy.

  • CEO is 3X Founder and 3X CISO at 3X Unicorns over 20 years! (Riot Games, Clover Health, Bird Global)

  • Current: $600K ARR from 4 large enterprises, Projected ARR → $2.1M by end of year

  • Pipeline of $3M ARR from 11 key customers & government contracts

Product Video

This Series A round is led by Drive Capital (Duolingo $4B IPO, Udacity), and other investors include RRE Ventures (Datadog $7.8B IPO, Palantir $22B IPO), Riot Ventures (Toast, Shield AI), Eniac Ventures (Airbnb, Reddit), Marlinspike (Anduril Industries, Armada, Privateer Space), Sunset Ventures, and New Era Ventures.

We have access to this over-subscribed deal through Sunset Ventures, opening up the SPV for this LA-based company to the Emerging LA community! 

Visit this form to learn more & express interest in a follow-up.

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This email does not constitute investment or legal advice. The information provided should not be used to make investment decisions. Readers should research and consult with investment advisers before making investment decisions.