Page 73 - Cyber Defense eMagazine January 2023

The result is that many European cybersecurity scaleups have to choose between larger generalist
European investors, that may have the cash but lack the focus, or larger US specialist cyber investors
that do not have deep knowledge of the European market.

Europe’s cyber industry should seize the moment

None of this is unsurmountable. Europe’s politicians have recognised that there is a problem and an
opportunity to fix it. With the publication of the European Commission’s recent report, the groundwork
has been laid.

Europe has all the attributes for it to become a serious player in the cybersecurity market, it just needs a
thriving venture capital ecosystem that can act as a catalyst. Now is the time to turn words into action.

About the Author

33N Co-Founders and Managing
Partners Carlos Alberto Silva and
Carlos Moreira da Silva have made
more than 20 investments in
cybersecurity and infrastructure
software over the past 10 years, across
Europe, Israel and the US – including
most notably Arctic Wolf, the
cybersecurity unicorn founded in 2012
by former Blue Coat Systems CEO
Brian NeSmith. They have also
completed several exits, including one to Thales and one to Qualcomm, both in 2022. Carlos and Carlos
also have extensive operational experience in the sector, having grown one the largest independent
European cybersecurity services groups – encompassing S21sec and Excellium – from 2014 onwards.

Carlos and Carlos can be reached online at https://www.linkedin.com/company/33nventures/ and at our
company website https://33n.vc/

Cyber Defense eMagazine – January 2023 Edition 73
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