Evolution Equity Partners

Dennis founded Evolution in 2008 and leads investments in cybersecurity, enterprise software and data analytics and brings over four decades of investment, operational and entrepreneurial experience to his role. Dennis is a member of the firm’s investment committee.

Karel brings over two decades of investment, operational, and entrepreneurial experience to his role and is a member of the firm’s investment committee.

Karthik brings over fifteen years of investment, entrepreneurial, and operational experience to his role and is a member of the firm’s investment committee.

Michal is an AI and cybersecurity professional who invested in Augment Code, Quantexa, Protect AI, Defined AI, and Torq. He was CTO of Gen and Avast, led AI cybersecurity research and development at Cisco, and has worked in AI since the late 1990s.

Evolution Equity Partners is located at 340 Madison Avenue, New York, NY 10173.

The company partners with visionaries building companies that defend and protect what matters most.

Island, which develops a browser for enterprise users, raises $400 million in a Series F led by Evolution Equity Partners, reaching a $6.4 billion valuation. Its Chromium-based platform secures access to cloud applications, adds customer-built controls and automation, and monitors application interactions for threats and usability improvements. Recent AI-security features inventory employee agents and their connected resources, block risky tools, filter malicious prompts, and track inference costs; Island plans to use the funding for product development and go-to-market efforts.

Sep 2026 · SiliconAngleNews article

Island, a Dallas-based browser security startup, raises $400 million at a $6.4 billion valuation as businesses strengthen defenses against rogue AI agents. Led by Evolution Equity Partners, the round will support research and development and expansion into Europe, Asia, and the Middle East. CEO Mike Fey says Island plans to grow its workforce from 1,000 to 1,500 by mid-next year. Customers include Pfizer, Chipotle, and American Airlines.

Sep 2026 · CNBC TechNews article

NewCore emerges from stealth with $66 million in seed funding to build identity management for human workers and AI agents. Led by Cyberstarts, the round also includes Index Ventures and Evolution Equity Partners and values the company at $300 million after investment; its platform gives agents managed identities, permissions, lifecycle controls, and revocation tools. NewCore has more than 50 employees, fewer than 10 customers, and more than 10 design partners, and expects to begin charging customers this summer.

Jun 2026 · TechCrunchNews article

Cyera is finalizing a funding round of at least $300 million led by Evolution Equity Partners at a $12 billion valuation, according to people familiar with the deal. Sources say the data security company has surpassed $150 million in ARR but remains unprofitable, putting the proposed valuation at 80 times ARR; Cyera calls the reported figures inaccurate. The round follows its $400 million Series F and comes as it acquires cybersecurity startups.

Jun 2026 · TechCrunchNews article