The Real Drivers of Cyber Spend: Risk, Compliance, and AI Disruption

Rakesh Loonkar is the founder and general partner of the venture capital firm, Picture Capital, based in Boston, and founded in 2024 with other leading figures in cybersecurity. Backed by leading Ivy League endowments, Sequoia, and Accel, Picture Capital invests in and develops the next generation of industrial leaders. As an angel investor, Rakesh has backed companies, including Palo Alto Networks, Zscaler, Wiz, Trusteer, Abnormal Security, Island, Armis, and McAfee Investments, that together have created more than $290 billion in enterprise value. Rakesh is also the president and co-founder of Transmit Security, a market leader in online identity and fraud prevention. Transmit was bootstrapped by its founders before raising $543 million in its Series A, the largest in cybersecurity history. Prior to Transmit, he co-founded Trusteer, growing it from inception to a market leader in web anti-fraud. IBM acquired the company in 2013 for roughly a billion dollars. Earlier here, he co-founded OneSecure with Nir Zuk, the founder of Palo Alto Networks, which was acquired by Juniper Networks.