Shasta Ventures Boosts Enterprise and Security Expertise

Early-Stage Investor Adds Execs from Symantec, Salesforce, InterWest
Partners

MENLO PARK, Calif.–(BUSINESS WIRE)–Shasta Ventures today announced three additions to its team, bolstering
the firm’s expanding focus on early-stage enterprise software companies.

Former Symantec General Manager Balaji Yelamanchili, Salesforce Chief
Information Security Officer (CISO) Izak Mutlu, and InterWest Board
Partner Drew Harman have joined Shasta’s enterprise software practice.
The firm has more than $1 billion under management investing in
enterprise and consumer companies with a deep focus on emerging
platforms.

“Balaji, Izak, and Drew are the dream team, joining us at a period of
rapid growth,” said Shasta Managing Director and Partner Jason Pressman.
“With the promotion of three partners and the addition of two new
associates all within the last year, these new team members will be
instrumental in helping us build our portfolio of SaaS, next-gen
infrastructure, data intelligence, and security investments into
world-class companies.”

Current Shasta enterprise software investments include Forbes 2018 Cloud
100 companies Anaplan and Canva, as well as SaaS 1000 Top Companies
Highspot, LeanData, Leanplum, LiveIntent, Lucidworks, and Spiceworks and
high-growth start-ups Scalyr and Sendbird. Earlier investments include
Apptio (APTI: NASDAQ), the business management system of record for
hybrid IT, Glint (acquired by LinkedIn), the people success platform,
and Zuora (ZUO: NYSE), the leading cloud-based subscription management
platform provider. Shasta’s security portfolio features Airspace
Systems, Mocana, Stealth Security and Valimail, among others.

Said Jim Barnett, CEO and founder of Shasta portfolio company
Glint, “Shasta has one of the most compelling enterprise software teams
in the business. When you combine Balaji, Izak and Drew with
Jason Pressman, Doug Pepper and Ravi Mohan, the Shasta expertise in
building software companies is truly unparalleled.”

Yelamanchili joins Shasta as a venture partner to help expand the
efforts of Shasta’s enterprise team. Most recently, Yelamanchili was the
executive vice president and general manager of Symantec’s Enterprise
Security Business Unit. Before Symantec, he was senior vice president at
Oracle where he was responsible for its business analytics and
performance management strategy as well as product management, product
development, and product go-to-market functions. Yelamanchili also held
executive positions at EMC Corporation, Documentum Inc., and Electronic
Data Systems, among other tech companies.

Mutlu joins Shasta Ventures as an executive-in-residence after three
decades in information security. Mutlu served as vice president of
Information Security and Product Security at Salesforce, where he
oversaw IT security, compliance, architecture, design, implementation,
and operations. While at Salesforce, he created the Customer Security
Advisory Council, regularly meeting with hundreds of customers to share
security compliance roadmaps and hear customers’ concerns. Mutlu also
co-created the nonprofit Bay Area CSO Council and has been its president
for more than a dozen years. Before joining Salesforce, he also served
as the CISO of multiple Bay Area technology companies, including Silicon
Graphics and Solectron.

Harman brings to Shasta more than 25 years of enterprise software
experience in executive roles in strategy, product, and marketing. In
his new position as a board partnerHarman will work with
CEOs of several Shasta portfolio companies as a strategic advisor and
board member. He currently serves on the boards of Aria, NewsCred,
Totango and Splice Machine. Harman has advised and invested in many
early-stage enterprise software startups, including Guidewire Software
(NYSE: GWRE) and Model N (NYSE: MODN), among others. Earlier in his
career, he was with Ariba as vice president of Product Management and
later served as vice president of Corporate Strategy.

“The exponential growth of data, cloud applications, and connected
devices means bad actors have even more attack vectors than ever
before,” said Shasta Partner Nitin Chopra. “Few people understand the
complexities of the security risks and solutions available today and in
the future as well as Izak, Balaji and Drew. These are
true enterprise security experts, and we are excited to have them on
board.”

About Shasta Ventures

Shasta Ventures is a leading early-stage venture capital firm partnering
with bold, creative entrepreneurs who are passionate about building epic
products and amazing experiences. Founded in 2004, Shasta Ventures has
more than $1 billion under management investing in enterprise and
consumer companies with a deep focus on emerging platforms. For more
information go to https://shastaventures.com.

Contacts

for Shasta Ventures
Lisa Tarter
lisa@tidalwavepr.com

leverton

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