Veteran investors Yaron Elad and Elik Etzion have launched AlphaDrive, a $100 million venture fund targeting the intersection of cybersecurity and artificial intelligence, bringing aboard Leumi Partners as an anchor investor alongside family offices, cybersecurity entrepreneurs, and institutional backers from the United States and Europe.

The fund arrives with momentum already built, having completed five investments to date alongside marquee venture capital firms including Greylock, Accel, and CRV. Elad previously served as CEO of Elron Ventures, while Etzion brings deep intelligence community credentials as a former deputy head of the cyber division of Unit 8200 and former CISO of Bank Hapoalim. Their combined track record includes approximately 22 exits with a combined value of roughly $2.5 billion. Joining them is US-based partner Gurinder Sidhu, who previously led cybersecurity and infrastructure software at UBS and advised companies including CrowdStrike, CyberArk, and SentinelOne on mergers and financings.

AlphaDrive’s thesis centers on a convergence it believes is fundamentally reshaping the cybersecurity industry. As AI models become tools for both attackers and defenders, the fund argues that legacy cybersecurity products face displacement from AI-native alternatives that automate workflows, integrate multiple models, and introduce entirely new business models. The fund plans to operate across the full company lifecycle, from seed to later stages, and will also pursue private equity-style roll-up strategies and a foundry model for building companies alongside serial entrepreneurs.

The extended team includes serial entrepreneur Sharon Wagner, who has sold companies to Microsoft; venture investor Dr. Uri Geiger; Maccabi Healthcare Services CTO Kobi Katz; and Susanne Senoff, CISO at a Thoma Bravo portfolio company. Senior technology executives from TikTok, Warner, Chime, and Medtronic round out the advisory network, giving AlphaDrive a global, multidisciplinary bench at launch.

KEY QUOTES:

“We built AlphaDrive after decades of working closely with entrepreneurs across the entire lifecycle of companies, from the earliest stages, through growth, to exit. Building a company has always been a roller coaster, but in the AI era it has become faster, sharper, and far more unpredictable.”

“We see our role as partners in this journey, with a deep understanding of what it takes to build companies that succeed over time. AlphaDrive was established to operate precisely at these inflection points, with expertise in cybersecurity and AI, and with the ability to work with companies at different stages helping them grow effectively in the new world being built before our eyes.”

Yaron Elad, Managing Partner, AlphaDrive

“We are in the midst of a powerful convergence between two of the world’s fastest-growing industries, AI and cybersecurity, and this convergence is reshaping the rules of the game. At AlphaDrive, we are here to seize the moment.”

“We have built a dedicated Cyber-AI task force, a unique team with proven experience navigating previous waves of transformation and disruption in the industry. Our goal is to enable entrepreneurs to seize the current window of opportunity and provide them with a broad value platform that will allow them to build companies shaping the future of the industry.”

Elik Etzion, Co-Founder, AlphaDrive