03/11/2026
The cybersecurity conversation is changing.
As cyber threats evolve, so does the definition of an organization’s attack surface.
Enterprise security has traditionally placed significant emphasis on software, networks, endpoints and identities. But with more devices becoming connected, from employee peripherals to IoT and operational technology, **the physical layer is becoming another important part of the security equation.
One challenge is visibility.
Knowing an IP or MAC address can tell you something about a connected asset. But identifying what that device physically is, whether it can be trusted, and the risk it introduces is a different problem.
This is where hardware-level visibility becomes particularly interesting.
"Sepio", our portfolio company, approaches the problem through its proprietary "Asset DNA" technology, analyzing physical characteristics to establish the identity and risk profile of connected assets without relying solely on network traffic.
The result is another dimension of cybersecurity visibility across managed, unmanaged and potentially hidden devices.
As enterprises become increasingly connected across IT, OT and IoT environments, we believe cybersecurity will need to evolve from simply asking:
“What is happening on our network?”
to also asking:
Do we know exactly what is connected to it?”
The recent wave of cyber incidents reinforces a broader lesson: protecting an organization means understanding risk across every layer.
This is the kind of shift we look for: emerging risks that create the need for a new generation of technology.
