Sorenson Ventures closes second fund

Sorenson Ventures, an enterprise-focused venture capital firm that was founded by former Intel Capital stars Rob Rueckert and Ken Elefant, has raised $150m for its second fund.

Elefant said: “We raised money from traditional high quality LPs [limited partners,] including foundations, endowments and an insurance company, as well as corporate, family office and individual investors…. Several of our LPs have a strategic angle, especially wanting an early look around cyber trends we see.”

Its existing deals include:

CyCognito, a cyber security startup;