Our Approach
Expert-Led Sourcing
Expert-led, community-assisted sourcing, partnering with exceptional founders and top academic institutions
Early Conviction
Investing in Pre-seed, Seed, and Series A, supporting companies through the initial critical growth stages
AI, Cyber, Healthtech
We see AI, Cyber, and Healthtech three converging, compounding domains reshaping infra, trust, and lives. AI accelerates innovation, cybersecurity protects intelligent systems, and healthtech applies both to human outcomes
Highlight Portfolio
Claroty
JupiterOne
Capsule8 (Exited)
Elisity
Ox Security
Lakera (Acquired)
Lema AI
Straiker AI
Oasis Labs (Acquired)
SPLX (Acquired)
Fleak AI
Astrix Security (Acquired)
runZero (Aquired)
Claroty JupiterOne Capsule8 (Exited) Elisity Ox Security Lakera (Acquired) Lema AI Straiker AI Oasis Labs (Acquired) SPLX (Acquired) Fleak AI Astrix Security (Acquired) runZero (Aquired)
Featured Highlights
ELISITY TO BE ACQUIRED BY IONQ FOR UP TO $1.3 BILLION
Rain Capital portfolio company Elisity announced its agreement to be acquired by IonQ (NYSE: IONQ) in an all-stock transaction valued at up to $1.3 billion. The acquisition will combine Elisity's Zero Trust platform with IonQ's quantum security capabilities, helping enterprises address evolving cyber threats. This marks Rain Capital's seventh recently announced portfolio exit and highlights the growing importance of next-generation cybersecurity.
ACCENTURE TO ACQUIRE RUNZERO IN REPORTED ~$4.2B TRANSACTION
Accenture announced its acquisition of runZero alongside Dragos and NetRise in a combined ~$4.2B cybersecurity transaction, marking Rain Capital's fourth exit in eight months. The deal brings together exposure management, OT security, and software supply chain security to create a unified platform for protecting critical infrastructure against emerging AI-driven threats.
CISCO TO ACQUIRE ASTRIX SECURITY IN REPORTED ~$400M DEAL
Cisco announced its acquisition of Astrix Security in a reported ~$400M transaction, marking Rain Capital’s third exit in six months following Lakera and SPLX. As enterprises adopt AI agents and autonomous systems, Astrix built a platform focused on securing non-human identities, including service accounts, APIs, and AI-driven workflows across modern enterprise environments.