Why We Invested

Blackwell Security is a provider of specialized cybersecurity solutions tailored to healthcare organizations, so they can reduce risk, maintain compliance and build a secure continuum of care. The company recently announced a $13M round of funding, co-led by Rally Ventures and General Catalyst.

As part of the announcement, Blackwell appointed cyber security expert and business leader Geyer Jones as its first CEO. He previously served as COO of Cylera, a healthcare IoT cybersecurity company, and also as Chief Strategy Officer at RSA. Geyer joins the Blackwell founders Jaclyn Miller, President and COO, and Jason Lee, CIO.

Abstract Security is building a new platform designed to revolutionize the security information and event management (SIEM) market by addressing the scalability and speed issues faced by traditional SIEM systems.

The company centralizes the management of security analytics by correlating data in real-time between data streams and separating compliance and security data to both increase detection effectiveness and lower costs. 

401GO is a fintech retirement benefit platform. The company’s proprietary automation technology substantially simplifies the setup and administration of a 401(k) and IRA, reducing day-to-day work and driving down costs.

Bond Sports created a software platform that helps sports and wellness facilities owners manage operations, scheduling, members, events and more. Its solution enables customers to generate revenue and manage administrative operations from a single platform.

Bond Sports is a great fit for the Rally Ventures SaaS+ Playbook, and we plan to work closely with the team to optimize payments, insurance, background screening and other integrated products as they rapidly scale up their business.

PayGround launched in the early days of the COVID-19 Pandemic when 1 in 3 providers still didn’t offer any online payment option. Healthcare is one of the few trillion dollar payments opportunities in the US, but cracking it has proven difficult over the years because of all the disparate systems and entities within healthcare. 

The pandemic presented an opportunity for PayGround to break through as providers largely stopped seeing patients in person and telehealth took off. The need for online payments and a connected system for consumers became clear. 

Vertical SaaS platforms have become the trusted operating and financial partners for the industries they serve. Customers run their entire businesses on these platforms and typically will first look to them for expanded products and services. Vertical Insure offers customized insurance options that are 100% built around vertical SaaS businesses and its customers, resulting in added value and new revenue without any extra overhead or IT bandwidth.

Ottometric is a software company focused on automating and streamlining the validation and training processes for Advanced Driver Assistance Systems (ADAS). The company provides its automation solutions to OEMs and Tier-1 and Tier-2 automotive suppliers, whose current development and validation methods are manual-intensive, slow and costly. Ottometric helps these companies save millions of dollars while significantly improving system performance and reducing time to market.

Ostra’s comprehensive solution provides SMBs with access to cybersecurity that rivals the type of protection the world’s largest companies rely on. Ostra combines the latest generation of cybersecurity tools, technology and talent into one fully managed service that protects against email threats, ransomware attacks, malware infiltration and more.

RentSpree offers a range of services to individuals and enterprises in the rental space, such as solutions for tenant screening, rent payments, marketing and renter management. They recently achieved the milestone of one million users on their platform through their partnerships with 250+ associations, brokerages and proptech platforms, and they now rank in the top 13% of Inc. 5000’s fastest-growing companies of 2022.

Picnic is a cybersecurity firm going after an aspect of risk that the industry doesn’t spend nearly enough time talking about: attacks by social engineers. Social engineers are hackers who use public information about you, your company and your personal and professional networks to craft attacks designed to fool, coerce or manipulate you into performing a desired action that will harm you or your company. Financial fraud, operational interruption and IP theft all begin with social engineering.