Dcode's venture arm invests in cyber company

Dcode Capital, the government technology accelerator's venture investment arm, has backed a cybersecurity company that designs its products to help customers mitigate weak points in their networks.

Nucleus Security opened for business in 2019 as a builder of a cloud-based tool to help federal agencies, their contractors and other enterprises manage and mitigate vulnerabilities through a single view.

Terms of Dcode Capital's investment announced Tuesday were not disclosed. The move comes three years after Nucleus Security participated in Dcode Capital's advisory program for startups and one year after the company obtained its needed FedRAMP authorization for the security of its product.

"We're incredibly proud of that achievement, especially as it has opened the gate for addressing key federal missions," Nucleus Security co-founder and chief executive Stephen Carter said in a release. "Now, with Dcode Capital's connections, knowledge, and first-hand experience, we're one step closer to achieving our mission to solve the most critical cybersecurity challenges for the most essential organizations in the government sector."

Dcode Capital joins Nucleus Security's group of investors that already includes the intelligence community's VC arm In-Q-Tel, along with Arthur Ventures and Lead Edge Capital. Nucleus Security's network of resellers and other solution providers in the market include Thundercat, Norseman, Carahsoft and Guidepoint Federal.

Dcode Capital is an investor in 10 companies and also has a high-profile backer of its own in J.P. Morgan Asset Management, an arm of the global banking giant. Their partnership began in the fall of 2023.