Speeding innovation for the U.S. and its allies by investing in cybersecurity and scientific discovery.
Connecting cutting edge technology and purpose.
Connecting cutting edge technology and purpose.
We power the most ambitious scientific founder and research spin-outs by connecting them to markets with speed.
We are a venture capital fund established in 2018 that invests in science and in cybersecurity. We validate disruptive technologies with prospective customers before we invest.
We validate disruptive technologies with prospective customers before we invest.
Our Process
1.
Assess new product needs by monitoring corporate R&D and business development
2.
Screen new science-based and cybersecurity startups
3.
Validate product market fit with at least 2-3 potential corporate partners
4.
Review corporate partner feedback
5.
Start due diligence if market shows strong interest
Our Portfolio
2019-2025 – Purposefully connecting cutting edge technology to where it belongs. Our refined business development skills and extensive network make us a vital partner in our companies' growth. Here you can see some of our portfolio companies to get a better sense of what we are looking for.
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Revolutionizing the storage and delivery of vaccines and biologics.
#biotechnology #universityofaustintexas #usa -
STEALTH. Lab-on-a-chip nanotechnology platform.
#biotechnology #nasa #harvard #usa -
Agentic AI. Foundational Models.
#AgenticAI #AI/ML #sri #myninja #usa -
PHAs, not PFOAs.
#biotechnology #AI/ML #pha #canada -
AI/Drug Discovery
#biotechnology #AI/ML #usa -
End-to-end encryption
#cybersecurity #ireland -
Cybersecurity for LLMs
#cybersecurity #israel -
AI/EdTech
#engineering #AI/ML #usa -
AI/Compression algorithm. Acquired by Hopin (2021)
#engineering #AI/ML #mit #ucberkeley #usa -
AI / Vector Computing
#engineering #AI/ML #bigdata #vectors #usa -
Cloud security risk management.
#remediationops #securityautomation #riskreduction #israel -
Heavy metal chelating drugs and novel radioisotope delivery therapies.
#biotech #radioisotopedelivery #us -
Platelet-inspired therapies.
#hematologybiotech #us -
Developing a bio-inspired artificial red blood cell substitute.
#biotherapeutics #traumacare #us
What we invest in
No Apps. No Blockchain.
No Crypto. No B2C.
Yes B2B.
Science and Cybersecurity.
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Math. Chemistry. Physics. Big Data. AI/ML. Software or Software enabled Hardware. Manufacturing. New Materials. Energy. Data Centers. AgTech. Semiconductors. Logistics.
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Human Systems. Sensors. Big Data. AI/ML. Biodefense.
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IT/OT/IoT. Critical Infrastructure. Defense.
Guiding Principles of our Team: Trust, Integrity, Authenticity.
Guiding Principles of our Team: Trust, Integrity, Authenticity.
Founding Partners
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Kristina Vulgan
CO-FOUNDER & MANAGING PARTNER
Co-founder of four deep tech spin-outs. Ex- CISCO, Google. Founding Advisor, NATO Innovation Fund. Serves as an advisor at UC eBrkeleySkyDeck, CalTechTechnology Transfer, Helmholtz Association (Germany), and a few Fortune 100 CVCs
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Tal Mozes
CO-FOUNDER & GENERAL PARTNER
Serial entrepreneur with multiple exits, including Hacktics (acquired by Ernst & Young), (acquired by Synopsys) and Mitiga Security. Ex-Partner at EY. Co-Founder and Special Advisor, Cyber Club London. Based in London.
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Steve Wurzburg
CO-FOUNDER & GENERAL PARTNER
Partner, Pillsbury, Silicon Valley. Advisor to emerging growth and large corporations, guiding clients from formation through transformative, multimillion-dollar financings, M&As, and IP and IPO transactions. Recognized by Best Lawyers (published by BL Rankings LLC), Corporate Law (2022-2025).
Partners
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Babak Pahlavan
AI/ML Software
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David Eagleman
Life Sciences
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Jason Walker
AI/ML Manufacturing
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Ofer Maor
Cybersecurity
Operators
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Yuka Koshino
Principal, Defense / Investor Relations
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Thomas Kelly
Analyst, Life Sciences
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Zdenka Gardner
Junior Associate, Research Spin-outs
Special Advisors
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Keith Miao
Founder, Birdstop
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Chiara Daraio
Prof. of Mechanical Engineering and Applied Physics, Caltech
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Brad Nelson
Vice President, General Inception
Our Network:
Ferocity has a superior network of organizations it can leverage.
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NATO
Kris Vulgan advised on creation of NATO’s $1 billion innovation Fund (2021-2022) and DIANA accelerators.
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European Investment Bank
Ferocity designed a new executive-in-residence program that launched in Q4/2024, giving it an early look into EU27 innovation.
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USA Defense Investors Network / AUKUS Investors Network
Ferocity is a member of invite only DIN and AUKUS Investors Networks, attending monthly meetings to review defense and cybersecurity startups and deals.
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CyberClub London
Co-founded by Tal Mozes, CyberClub London includes 65+ CISOs who review new cybersecurity startups.
Founder Perspectives
“Ferocity Capital has been a vital partner in NinjaTech AI’s growth, with Kristina’s sharp business development skills and powerful network opening key opportunities. Her collaborative spirit and commitment to our success have made her an invaluable asset to our team.”
Babak Pahlavan
Co-Founder and CEO
of NinjaTech AI
(Fund II)
"Kris is extremely well connected with Fortune 500s and has made many valuable intros. She's one of a kind and we're super lucky to have her part of our journey!"
Luna Yu
CEO, Genecis
(Fund II)
"Unique combo of investor and entrepreneur."
Jagadish Venkatamaran
CEO, Vectorly
(Fund I, Acquired)
"Ferocity helped me realize the full potential of my startup!"
Jason Walker
CEO, Waypoint Robotics
(Fund I, Acquired)
News
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JP Morgan 2026
January 13, 2026. 5-10pm
Save the date: Ferocity + DARPA at JP Morgan 2026. Meet us at The Exploratorium!
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Olympics 2028
July 14 to July 30, 2028
Ferocity Capital is now a proud sponsor of Rachel Klinker. 2025 will be her first year on the U.S. National Team.
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The Long Quest for Artificial Blood
Blood is in high demand almost everywhere, but its seemingly endless complexity has confounded scientists for decades. One of the most valuable substances in the world has never been replicated. Are we close?