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Investments — Cris Neckar at Two Bear Capital

At Two Bear Capital, Cris Neckar has led or co-led rounds in Elisity, QuSecure, Binarly, Dymium, Revenium, and PulseData AI. Each with its announcement source:

• Elisity — co-led the $26M Series A (Jun 2021) with AllegisCyber Capital. Zero-trust identity-based microsegmentation. source
• QuSecure — Series A extension (Feb 2025), bringing the Series A to $28M total. Post-quantum cryptography.
• Binarly — $10.5M financing (Mar 2024). Firmware / software-supply-chain security.
• Dymium — $7M round (Mar 2024). Zero-trust data security with secure AI chat. source
• Revenium — $13.5M seed (Nov 2025). AI economics / spend platform.
• PulseData AI — co-led the $16.5M Series A (Apr 2021) with Bain Capital. Healthcare data for chronic kidney disease.

Two Bear Capital invests in cybersecurity, advanced technologies, and life sciences. See profile and security research. Reviewed 2026-11-01.