Allegis Capital Appoints David DeWalt, Former FireEye CEO, As Venture Partner

Allegis Capital Appoints David DeWalt, Former FireEye CEO, As Venture Partner

Globe Newswire | May 12, 2017

 

SAN FRANCISCO, May 12, 2017 (GLOBE NEWSWIRE) — David G. DeWalt, the former CEO of publicly held cybersecurity company FireEye, is joining Allegis Capital as a venture partner.  Previously, DeWalt served as the CEO of cybersecurity market leader McAfee and held executive positions at EMC.

DeWalt, 52, becomes the sixth cyber security executive serving as a venture partner at Allegis, a 21-year-old early stage venture firm that focuses solely on investing in cybersecurity startups.

DeWalt is a member or leader of a number of boards of directors including ForgeRock, a San Francisco-based multinational identity and access management software company. He is also vice chairman of ForeScout Technologies, a San Jose cybersecurity firm focused on network-connected devices, and a board member of Five9, a leading San Ramon-based provider of cloud contact center software.  Additionally, DeWalt is a director of Delta Air Lines.

“Allegis Capital is differentiated by the breadth, depth and experience of our operational cyber bench – our Venture Partners. These executives bring tremendous domain expertise and broad networks to our investment team and our portfolio companies,” said Robert R. Ackerman Jr., the founder and managing director of Allegis Capital. “Dave has operated at the top of the cyber security market for many years and is a superlative addition to an already-impressive group of venture partners.  Cyber is a market where you can’t have too much expertise,” Ackerman added.

“Allegis Capital was the very first cyber-focused venture firm and has invested in a number of top-flight cybersecurity startups.  The firm’s reputation for rolling up its collective sleeves to support its portfolio companies is a great fit for my experience and interests,” DeWalt said. “This is an excellent opportunity for me to help the firm grow further and to broaden my participation in the fastest-growing space within information technology.”

The five other cyber venture partners at Allegis Capital are:

  • Nawaf Bitar, chief information officer, Citadel Securities
  • Tom Gillis, founder and CEO, Bracket Computing
  • Joe Levy, chief technology officer, Sophos
  • John Stewart, SVP and chief security and trust officer, Cisco Systems
  • Jeff Williams, former VP, worldwide sales and business development, FireEye

About Allegis Capital

Allegis Capital, founded in 1996 and based in San Francisco, is an early-stage venture firm that invests solely in cybersecurity. Current investments include Area 1, Bracket Computing, Cyber GRX, E8 Security, RedOwl, Signifyd, Synack, tCell.io and vArmour. Allegis is also a founding partner in Cyber Start-Up Studio, DataTribe, based in Columbia, Maryland.

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