Rakesh K. Loonkar
Partner at Picture Capital
Rakesh K. Loonkar
Partner at Picture Capital
Boston, Massachusetts
Overview
Work Experience
Partner
2024 - Current
President & Co-Founder
2014
Leading the fusion of customer facing identity and fraud.
Transmit Security offers a CIAM platform that provides authentication, authorization, fraud protection, and embedded orchestration services.
Raised $583,000,000.00 from Insight Partners, Artisanal Ventures, SYN Ventures, Cyberstarts, Geodesic Capital, General Atlantic and Vintage Investment Partners.
Director Board Of Directors
2019
Market leading ASPM.
Apiiro enables security and development teams to proactively remediate risk before releasing to the cloud.
Raised $135,000,000.00 from General Catalyst, Kleiner Perkins and Greylock.
Private Investor
2003
Investor: - Apiiro (Seed) - Vulcan Cyber (Series A) - Salt Security - Island.io - Cyberstarts Prior private investments include: Private company investments that were valued at over $1 billion: - Palo Alto Networks - NYSE: PANW - Trusteer - acquired by IBM - zScaler - Nasdaq: ZS - Armis Security (acquired by Insight) - McAfee (MCFE) - Sumo Logic (Nasdaq: SUMO) Industry Changing: - Preempt - acquired by CRWD - Fireglass - acquired by SYMC - Aorato - acquired by MSFT - RiskRecon - acquired by MasterCard - Hyperwise Security - acquired by CHKP - Lacoon Mobile Security - acquired by CHKP - Insert.io - acquired by Pendo - Mi5 Networks - acquired by SYMC - Securent - acquired by CSCO - Worklight - acquired by IBM - Mu Dynamics - acquired by LSE: SPT - End Game Systems - acquired by Elastic NV - WatchDox - acquired by BBRY Advisory Boards: - Perfigo (acquired by CSCO) [became Cisco NAC] - Sana Security (acquired by AVG).
Board Observer
2010 - 2014
An industry consortium dedicated to reducing cyber-risk in the global financial system.
President & Co-Founder
2007 - 2013
Acquired by IBM: http://www.zdnet.com/opening-new-doors-why-ibm-spent-1bn-on-security-firm-trusteer-7000027062/, Co-founded with Mickey Boodaei.
Member, Board of Directors
2006 - 2013
http://www.trusteer.com
Vice President of Sales
2002 - 2003
Responsible for North American Enterprise, Channel, and Emerging Technologies Sales. Responsible for over $120m in revenue increasing at 15% quarter over sequential quarter. Managed over 120 direct, channel, & sales engineering staff. $4b acquisition by Juniper Networks.
VP - Business Development, International Sales & Co-Founder
1999 - 2002
Co-founded OneSecure. Recruited founding & executive team, raised $92m in venture capital. Acquired by NetScreen Technologies. Founded with Nir Zuk, Brett Eldridge, and Pradeep Aswani
CEO
1997 - 1999
Network security integrator and Check Point reseller. Built company from out of my apartment to over 30 people and $12m run rate in 18 months. Bootstrapped.
Education
B.S.
1989 - 1993