Threat-Informed Cybersecurity Defense: Squadra Ventures Leads Funding Round for Tidal Cyber

1 minute read | November.10.2023

Squadra Ventures has led a financing round that raised $5 million for Tidal Cyber, a company offering a threat-informed defense to cybersecurity threats.

Orrick advised Squadra Ventures in the round, which also included participation from other investors.

THE COMPANY

Squadra Ventures is a venture capital firm led by founder-operators that invests in early stage cyber and national security companies.

Grounded in the belief that success is a combination of people, product, and planning, Squadra supports startup leaders in the complex dual-use technology ecosystem.

By applying a growth-stage mindset at the seed stage and a commitment to building alongside entrepreneurs, Squadra empowers extraordinary teams to win and leave a lasting positive impact on the world.

Founded in 2022, Tidal Cyber enables businesses to implement a threat-informed defense more easily and efficiently.

THE IMPACT

Tidal Cyber said it plans to use the investments to accelerate the growth of a platform that enables security operations teams to focus on critical threats and act to improve their security.

THE TEAM

The Orrick team that advised Squadra Ventures included Albert Vanderlaan, Anna Suh, Michael Y. Yang, Katherine K. Hogan, Montana Ware, Karen S. Cannon and Daniel Garber.

LEARN MORE

Tidal Cyber news release

Related Lawyers

Albert Vanderlaan Partner, Capital Markets, Corporate Governance

Boston

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D:+1 617 880 2219
E: [email protected]

Practice:

Technology & Innovation Sector
Capital Markets
Corporate Governance
Technology Companies Group
Life Sciences & HealthTech
Special Purpose Acquisition Companies (SPACs)
Mergers & Acquisitions

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Albert Vanderlaan Partner

Boston

Albert is involved in a broad range of corporate legal engagements for high growth technology companies, including IPOs, follow-on public offerings, private and public company securities law compliance matters, public company disclosure obligations, de-SPAC transactions, SPAC IPOs, venture financings and mergers and acquisitions. He also regularly advises public and private companies and their boards of directors on corporate governance issues.

Albert's clients include public and private companies in technology, automotive, Internet related industries, real estate, finance and the life sciences (including, among others, immuno-oncology, gene therapy, restorative cell therapy and medical device companies). He also represents underwriters in initial public offerings, follow-on offerings and PIPE offerings and venture capital firms in a variety of investment transactions.

Albert was named to the Deal’s Top Rising Stars 2021 list, which recognizes top new partners at U.S. law firms who are “doing spectacular work in the field of deal-making and who have continued to progress in their career despite the obstacles put in front of them.”

Anna Suh Partner, Employment Advice & Counseling, Employment Law & Litigation

Sacramento

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D:+1 916 329 4949
E: [email protected]

Practice:

Technology & Innovation Sector
Employment Advice & Counseling
Employment Law & Litigation
Discrimination, Harassment & Retaliation
Wage and Hour

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Anna Suh Partner

Sacramento

For years, Anna has worked with companies at all stages of their life cycles to find legal solutions that advance the goals of their business. With a particular passion for helping early to mid-stage technology companies, Anna deeply knows the challenges these companies face and is available for her clients at a moment’s notice to provide practical solutions on a wide variety of day-to-day employment law issues, including leave and other accommodations, worker classifications, onboarding, performance management and terminations. Disruptors and innovators in the tech space face unique challenges and require advisors who are willing to jump in and immerse themselves in the company as a whole, and Anna happily works to understand her clients’ company culture and long-term goals while helping them effectively meet short-term legal challenges.

Anna also guides companies through the employment challenges that can accompany financings, mergers and acquisitions, and initial public offerings. Her litigation background, defending companies in employment litigation matters involving co-founder disputes, misappropriation of trade secrets and confidential information, employee mobility, discrimination/harassment, wage and hour, equity and token grants, and other compensation related issues, informs her approach to counseling and allows her to identify and address issues before a problem becomes contentious. In the event of threatened or actual litigation, Anna is prepared to aggressively litigate disputes to achieve the best outcomes for her clients.

Michael Y. Yang Partner, Compensation & Benefits

Santa Monica

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D:+1 310 633 2804
E: [email protected]

Practice:

Technology & Innovation Sector
Compensation & Benefits

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Michael Y. Yang Partner

Santa Monica

Michael's practice focuses on the representation of U.S. and international public and private high technology companies, as well as executives, management teams and founders with compensation and employee benefits issues in the context of M&A transactions, spin-offs, venture capital financings and IPOs.

Michael also advises on day-to-day tax, employment, accounting and securities law issues in connection with the design, administration and implementation of executive compensation and equity compensation arrangements, including employment agreements, severance arrangements, change in control carve-out plans, stock option plans and employee stock purchase plans with a particular focus on Code Sections 409A, 280G and 162(m). In addition, he advises on nonqualified deferred compensation arrangements, tax-qualified retirement plans and welfare benefit plans.

Prior to practicing law, Michael was a Certified Public Accountant with Ernst & Young.

Katherine K. Hogan Senior Associate, Compensation & Benefits, Technology Companies Group

Santa Monica

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D:+1 310 633 2810
E: [email protected]

Practice:

Technology & Innovation Sector
Compensation & Benefits
Technology Companies Group

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Katherine K. Hogan Senior Associate

Santa Monica

She advises clients on the tax and securities issues related to equity-based compensation, including stock options, restricted stock, employee stock purchase plans and deferred compensation arrangements for both private and public companies as well as in the context of initial public offerings and acquisitions.

Montana Ware Senior Associate, Technology Companies Group

Austin

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D:+1 512 582 6908
E: [email protected]

Practice:

Technology & Innovation Sector
Technology Companies Group

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Montana Ware Senior Associate

Austin

Montana primarily represents emerging growth companies, venture capital funds and other strategic investors in a wide array of corporate matters, including early and late-stage venture funding rounds, formation and corporate governance, securities issuances and mergers and acquisitions.

Select engagements Montana has advised on include:

Represented Stripe in its $6.5 billion Series I round
Represented Solugen in its $350 million Series C and $200 million Series D financings
Represented Merama in its $225 million Series B and $80 million Series B follow-on financings
Represented Next Insurance in its $250 million Series C financing, $250 million Series D financing and $250 million Series E financing
Represented Coatue Management in its investment in the $100 million Series B financing of Mercury Technologies
Represented D1 Capital Partners in its investment in the $450 million Series D financing of Andruil
Represented Inspire Semiconductor in its $2.5 million Series A financing and acquisition of Greenfield Acquisition (TSX:GAC.P), a publicly-traded SPAC, by way of a reverse merger
Represented Codecademy in its $525 million acquisition by SkillSoft (NYS: SKIL), a New Hampshire based provider of educational software
Represented Envisics in its $50 million Series C financing
Represented Supabase in its $30 million Series A and $80 million Series B financings
Represented Coatue Management in its $17 million investment in LiveControl
Represented a Brazilian digital entrepreneurship platform in its Series A financing
Represented a cloud software company in its Series C investment in an enterprise blockchain company
Represented a talent management software provider in multiple financings
Represented a cloud software company in its $30 million Series B investment in an open source SQL database
Represented the investment arm of a global financial services company in its Series A investment in an intelligence platform using AI and predictive modeling
Represented the venture financing division of a large insurance company in its participation in the $29 million Series E financing of an insurance claims technology provider
Represented a voice-controlled mobile platform in its $20 million Series C financing
Represented the venture financing division of a large technology company in its Series C investment in an application traffic manager
Represented Calibrate Ventures in its investment in the $20 million Series A financing of GrayMatter
Represented Coatue Management in its investment in the $35 million Series B financing of Crivello Technologies
Represented Fintual, a Chile based company that provides savings and investment options through an online platform, in its $39 million Series B financing
Represented Flex Capital in its investment in the $23 million Series A financing of GoFreight Inc.
Represented InsideSherpa in its $25 million Series B financing
Represented Gym Class in its $8 million Series Seed financing
Represented Keen Technologies, an AI startup, in its financing
Represented Radiant in its $12.6 million Series A financing
Represented Red Sea Ventures in its investment in the $25 million Series A financing of Accrue Savings, Inc.

*Please note: Montana’s experience includes that prior to joining Orrick.

Karen S. Cannon Managing Associate, Compensation & Benefits

Silicon Valley

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D:+1 650 614 7337
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Practice:

Compensation & Benefits

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Karen S. Cannon Managing Associate

Silicon Valley

Her practice focuses on the compensation and benefit issues of technology companies.

She advises on the design, administration and implementation of executive and equity compensation arrangements, including equity plans, retention plans, change of control and severance arrangements and executive employment and separation agreements.

She represents clients during the life cycle of corporate transactions: financings, mergers and acquisitions, secondary offerings, SPAC transactions and the preparation for public listing.

She has particular interest in implementing equity and executive compensation arrangements for global subsidiaries and service providers.

Daniel Garber Managing Associate, Technology Companies Group

Santa Monica

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D:+1 310 633 2834
E: [email protected]

Practice:

Technology Companies Group

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Daniel Garber Managing Associate

Santa Monica

Daniel represents high-growth technology companies throughout their lifecycles.

Daniel's practice focuses on general corporate counseling and venture capital financings. He represents innovative startups in a wide variety of industries, including e-commerce, software, and artificial intelligence. He also represents investors and venture capital firms in their investments in technology companies.