# Andrew Verhalen

> Andrew Verhalen is a Series B investor at Matrix backing Software and Enterprise Software. See 22 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Matrix](https://shizune.co/investors/profile/matrix-partners)
- Location: San Francisco, United States
- Total investments: 22
- Last investment: Jan 2017
- Lead investor: 32%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/pub/andrew-verhalen/29/15b/631

Andrew Verhalen is a Series B investor at Matrix in San Francisco focused on Software and Enterprise Software. Andy Verhalen joined Matrix Partners in 1992. Since then he has led Matrix’s involvement in dozens of successful companies, including Unwired Planet (Openwave), which went public in 1999; SiTera, which sold to Vitesse; and Alteon Websystems, which listed its shares on Nasdaq before being acquired by Nortel Networks. Before joining Matrix,Andy helped start Grand Junction Networks, an Ethernet switch business which is now a major division at Cisco. Previously he worked for 3Com, where he built a new division focused on network adapters and hubs. Prior to that, Andy managed marketing for Intel’s flagship microprocessor, the 8086. Today Andy is working with several young companies: Ambarella provides HD video and image processing solutions; Cyphort secures enterprises against advanced cyber-attacks; Framehawk delivers fast secure mobile access to enterprise applications; Panzura provides enterprise cloud storage controllers; Sila Nanotechnologies is developing advanced battery materials; Skyfire optimizes video in the cloud for mobile operators; and SpiderCloud Wireless makes enterprise mobile broadband systems.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 23% |
| Enterprise Software | 5 | 23% |
| Big Data | 2 | 9% |
| Security | 2 | 9% |
| Cloud Computing | 2 | 9% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 7 | 32% |
| Series C | 6 | 27% |
| Series A | 4 | 18% |
| Series D | 3 | 14% |
| Series E | 1 | 5% |

6 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Panzura | Panzura empowers today’s digital-first organizations to do impossible things with file data, making them more agile, efficient, and productive. They trust Panzura to help them consolidate dispersed data, see and manage data in and out of the cloud, make it more cyber-resilient and AI ready, and ensure it is available to people and processes exactlywhere and when it’s needed. Discover how Panzura can fuel your success at panzura.com | $32M | Series E | Jan 10, 2017 |  |
| Cyphort | Cyphort has developed Next Generation Distributed Software Platform to provide the broadest enterprise visibility and accurate detection of advanced threats & evasion techniques, and zero-day attacks by utilizing behavioral analytics, machine learning, and Long-Data Security-Analytics.Cyphort's innovative approach detects the mostadvanced threats through a highly accurate platform combined with validation and prioritization of threats in context of the organizations eco-system. Through this process Cyphort produces highly customized Actionable Intelligence to users.The Cyphort Distributed Platform has been build with flexibility allowing for seamless integration and detection not only at the edge and network layers but also in virtual infrastructures, cloud environments, and mobile platforms. | $30M | Series C | Jun 01, 2015 |  |
| SpiderCloud Wireless | SpiderCloud Wireless is the innovator of a small-cell managed services platform that allows mobile operators to deliver scalable and unprecedented cellular and Wi-Fi coverage, capacity, and cloud services to medium to large enterprises, wherever there's a LAN.The E-RAN system consists of a Services Node (SCSN) that can control over 100self-organizing and multi-access 3G, Wi-Fi, and LTE/4G small cells that can be installed in just days using an enterprise- Ethernet Local Area Network (LAN). One E-RAN delivers unprecedented capacity and coverage to over 10,000 connected smartphones and tablets, with just one connection to the mobile operator’s core network. The scalable system architecture simplifies deployment and overall network configuration for mobile operators as they address pent-up demand for reliable mobile services from enterprise and large venue customers.SpiderCloud is led by executives with successful track records at companies including Flarion Technologies, Qualcomm, Shasta Networks, FiberTower, Aperto Networks, and Airvana.The company is privately funded and is based in San Jose, California, with offices in New Jersey and London. | $15M |  | Jan 06, 2015 |  |
| Cyphort | Cyphort has developed Next Generation Distributed Software Platform to provide the broadest enterprise visibility and accurate detection of advanced threats & evasion techniques, and zero-day attacks by utilizing behavioral analytics, machine learning, and Long-Data Security-Analytics.Cyphort's innovative approach detects the mostadvanced threats through a highly accurate platform combined with validation and prioritization of threats in context of the organizations eco-system. Through this process Cyphort produces highly customized Actionable Intelligence to users.The Cyphort Distributed Platform has been build with flexibility allowing for seamless integration and detection not only at the edge and network layers but also in virtual infrastructures, cloud environments, and mobile platforms. | $15.5M | Series B | Oct 28, 2013 |  |
| Panzura | Panzura empowers today’s digital-first organizations to do impossible things with file data, making them more agile, efficient, and productive. They trust Panzura to help them consolidate dispersed data, see and manage data in and out of the cloud, make it more cyber-resilient and AI ready, and ensure it is available to people and processes exactlywhere and when it’s needed. Discover how Panzura can fuel your success at panzura.com | $25M | Series D | Jun 06, 2013 |  |
| Skyfire Labs | Skyfire, acquired by Opera Software in 2013, is now the Network Solutions division of Opera Software. The unit is dedicated to leveraging the power of cloud computing to radically improve the mobile Internet experience for both operators and their consumers, with a focus on NFV-centric architecture as a means to deliver exceptional QoE and mobilemonetization capabilities for operators around the world.Skyfire was founded in 2007, acquired by Opera in 2013, and is located in Mountain View, CA. | $10M | Series D | Oct 12, 2012 |  |
| Panzura | Panzura empowers today’s digital-first organizations to do impossible things with file data, making them more agile, efficient, and productive. They trust Panzura to help them consolidate dispersed data, see and manage data in and out of the cloud, make it more cyber-resilient and AI ready, and ensure it is available to people and processes exactlywhere and when it’s needed. Discover how Panzura can fuel your success at panzura.com | $15M | Series C | Jun 19, 2012 |  |
| SpiderCloud Wireless | SpiderCloud Wireless is the innovator of a small-cell managed services platform that allows mobile operators to deliver scalable and unprecedented cellular and Wi-Fi coverage, capacity, and cloud services to medium to large enterprises, wherever there's a LAN.The E-RAN system consists of a Services Node (SCSN) that can control over 100self-organizing and multi-access 3G, Wi-Fi, and LTE/4G small cells that can be installed in just days using an enterprise- Ethernet Local Area Network (LAN). One E-RAN delivers unprecedented capacity and coverage to over 10,000 connected smartphones and tablets, with just one connection to the mobile operator’s core network. The scalable system architecture simplifies deployment and overall network configuration for mobile operators as they address pent-up demand for reliable mobile services from enterprise and large venue customers.SpiderCloud is led by executives with successful track records at companies including Flarion Technologies, Qualcomm, Shasta Networks, FiberTower, Aperto Networks, and Airvana.The company is privately funded and is based in San Jose, California, with offices in New Jersey and London. | $35M | Series C | Apr 04, 2012 |  |
| Skyfire Labs | Skyfire, acquired by Opera Software in 2013, is now the Network Solutions division of Opera Software. The unit is dedicated to leveraging the power of cloud computing to radically improve the mobile Internet experience for both operators and their consumers, with a focus on NFV-centric architecture as a means to deliver exceptional QoE and mobilemonetization capabilities for operators around the world.Skyfire was founded in 2007, acquired by Opera in 2013, and is located in Mountain View, CA. | $8M | Series C | Jan 25, 2012 |  |
| Framehawk | Framehawk is a software development company headquartered in downtown San Francisco, California. Their products enable your customers, employees, partners and clients to engage in fully mobile business (with 100% data security and full access management) using the iPad/iPhone, the XOOM/DROID, and any other tablet or smartphone. Theyallow access to your applications and websites from any mobile device instantly, enabling them to run effectively anywhere there is the barest minimum of a 3G wireless network connection. | $11M | Series B | Dec 06, 2011 |  |

10 of 22 investments shown.

## Co-investors
- [Opus Capital](https://shizune.co/investors/profile/opus-capital) — VC Fund, 7 deals together
- [Trinity Ventures](https://shizune.co/investors/profile/trinity-ventures) — VC Fund, 6 deals together
- [Foundation Capital](https://shizune.co/investors/profile/foundation-capital) — VC Fund, 4 deals together
- [CRV](https://shizune.co/investors/profile/crvvc) — VC Fund, 3 deals together
- [Khosla Ventures](https://shizune.co/investors/profile/khosla-ventures) — VC Fund, 3 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 3 deals together

## About Matrix

VC Fund · San Francisco, United States

Matrix is an early-stage venture capital firm, investing from idea through Series A. As a close-knit team of former founders and company builders, Matrix has partnered with companies from Apple and FedEx to Oculus and Canva. Other Matrix investments include Fivetran, Suno, Side, Afterpay, CTRL-Labs, Oculus, Zendesk, Hubspot, Apollo GraphQL, FlockSafety, GOAT, Postmates, Acacia Communications, and Sila.

5 contacts available at Matrix.

| Name | Title | Profile |
| --- | --- | --- |
| Andrew Verhalen | General Partner | https://shizune.co/investors/profile/andrew-w-verhalen |
| Josh Hannah | General Partner | https://shizune.co/investors/profile/josh-hannah |
| Scott Khanna | Talent | https://shizune.co/investors/profile/scott-khanna |
| Antonio Rodriguez | General Partner | https://shizune.co/investors/profile/antonio-rodriguez |
| Dana Stalder | General Partner | https://shizune.co/investors/profile/dana-stalder |

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## FAQ

### What does Andrew Verhalen invest in?

Andrew Verhalen invests primarily in Software, Enterprise Software and Big Data startups, most often at Series B and Series C stage. Most of the 22 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Andrew Verhalen last invest?

The most recent investment recorded for Andrew Verhalen closed in Jan 2017. Shizune tracks 22 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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