Market Overview

YL Ventures Expands Its Venture Advisor Network With 24 Additional Market-Leading Cybersecurity Experts

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YL
Ventures
, the Silicon Valley headquartered seed-stage venture
capital firm focusing on Israeli cybersecurity innovation, announces a
major expansion of its Venture Advisory Board. This unique leadership
team currently bolsters YL Ventures' due diligence process and provides
its portfolio companies continuous support across a multitude of
functions throughout their entire lifecycle. The four existing advisors (Tom
Baltis
, CISO of Delta Dental Insurance; Andy
Ellis
, CSO of Akamai; Amichai
Schulman
, Co-Founder and former CTO of Imperva Inc.; and Justin
Somaini
, CSO of SAP) will be joined by an additional 24
market-leading Chief Information Security Officers and cybersecurity
experts, including:

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180821005219/en/

"We are thrilled to announce these incredible new Venture Advisors,"
said Yoav
Leitersdorf
, Managing Partner of YL Ventures. "YL Ventures' deep
U.S. network has always been a unique component of our strategic DNA.
Formalizing and expanding these connections by incorporating them into
our Venture Advisory Board marks a major but natural evolution of YL
Ventures' core competitive advantage."

Global cybersecurity spending is forecast
to total $96.3 billion in 2018
, an increase of 8 percent from 2017.
And Israel produces the second-highest
concentration of cybersecurity startups in the world
after the
United States. YL Ventures' current $75 million fund remains primarily
focused on connecting Israel's top cybersecurity innovations to its
extensive network of U.S. and global market-leaders. YL Ventures'
drastically expanded advisory board--whose members represent companies
with a combined market cap of over $1 trillion--will help further cement
its unique ability to link these two markets in a mutually beneficial
dynamic.

Unfettered access to world-renowned CISOs strengthens YL Ventures'
investment team's vetting process while also providing invaluable
feedback, insight, and guidance to Israeli entrepreneurs within the YL
Ventures network. In return, Venture Advisors benefit from exposure to
pre-vetted Israeli cybersecurity innovations and get direct exposure to
a market second only to the U.S. in cybersecurity innovation.

"I'm excited to officially join YL Ventures' growing Venture Advisory
Board," said Sherry Ryan, VP, and CISO of Juniper Networks. "I've worked
closely with their team for years and have always valued our
frictionless, productive partnership. YL Ventures' excellent track
record and relationships with brilliant Israeli entrepreneurs have
provided unmatched access to local innovations. I'm confident that this
deeper collaboration will only magnify the positive outcomes we've
already shared."

Rob Geurtsen, Deputy Information Security Officer at Nike echoed this
sentiment. "I've known Yoav for many years now, and I appreciate the way
YL Ventures operates within a very crowded landscape. They consistently
identify great technologies in Israel and have the infrastructure in
place to help support those great ideas as they come to market. I'm
excited to work more closely with them in the future."

This optimism for the program's future is supported by the current
Venture Advisory Board's rapid, remarkable success. Yaniv Bar Dayan,
CEO, and co-founder of Vulcan Cyber shared his positive experiences as
the first YL Ventures portfolio company to take full advantage of this
new program's complete capabilities.

"YL Ventures' ability to bring in U.S. cybersecurity experts who can
advise on everything from product-market-fit, through messaging, to
go-to-market has been amazing. Breadth of perspectives from Venture
Advisors allowed us to lock in our strategy early and pursue it with
confidence. Their dedication to the portfolio is also incredible. Andy
Ellis (CSO of Akamai Technologies) in particular connected with our
product and message right away. In addition to his role as Venture
Advisor with YL Ventures, he formally joined Vulcan's advisory board. YL
Ventures and their board of advisors haven't just been partners with
Vulcan -- they've become part of Vulcan in the process."

YL Ventures' unique ability to bridge the Israeli and U.S. cybersecurity
markets continues to drive its impressive, sustained growth. Joint
centers of gravity in Silicon Valley and Tel Aviv enable a dynamic which
benefits both innovative Israeli entrepreneurs and connected U.S.
customers. YL Ventures' rapidly expanding Venture Advisory Board
promises to further catalyze this growth and create exciting new
opportunities.

About YL Ventures

YL Ventures funds & supports brilliant Israeli tech entrepreneurs from
seed to lead. Based in Silicon Valley and Tel Aviv, YL Ventures manages
$140 million across three funds focused on seed-stage, deep-technology
B2B companies in the fields of cybersecurity, enterprise software and
automotive technologies. YL Ventures accelerates the evolution of
portfolio companies via strategic advice and US-based operational
execution.

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