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Evident.10 Exits for $300 million Just 5 Years After Inception - A Brief With Tim Prendergast, Founder © evident.io Evident.10 provided public cloud infrastructure security tools for Amazon Web Services (AWS) and had over 200 clients including Adobe, Airbnb, Capital One, Starbucks and SONY at the time it was acquired by Palo Alto Networks (NYSE: PANW) for $300 million in 2017, Starting with a $15 million Seed investment from True Ventures, they grew quickly and within four years had raised over $49 million from top tech investors like Google Ventures, Venrock and Bain Capital. As part of their Series C, they also raised money from In -O -Tel, the official VC arm of the Central Intelligence Agency (CIA). We spoke with Tim Prendergast, the Founder of Evident.10 and current Chief Cloud Officer at Palo Alto Networks, about building his company in the Tri -Valley: Tim isn't the typical Stanford graduate, Silicon Valley tech entrepreneur you would normally meet. "I was raised in a town in Arizona so small that the sheriff was the butcher. Literally. Technology wasn't a thing where I grew up." One day his father bought him an Apple II computer "because naturally you can't have a red head running around under the sun all day," and it changed his life. He started off teaching himself basic lines of code but quickly graduated to hacking. "I always liked figuring out how things worked and pushing the boundaries a bit." Two years into pursuing a degree in Microbiology at ASU he dropped out to pursue his love for coding and a career in Silicon Valley, Over the next 10 years, Tim worked at multiple cybersecurity companies, learning what he could from one and moving on to the next, and in 2011 found himself as the Lead Architect for Adobe's cloud platform. "That was really the beginning of the cloud. Before then no one had even heard of AWS, but I knew that it Was the future. In the past, everyone had disparate systems and security really needed to be tailored. I realized very quickly that the cloud was an equalizer. If everyone moved to the cloud, then everyone's system was going to be the same and everyone would be facing the same problems. There needed to be a security platform that could monitor the cloud and, most importantly, do it in real-time." When Tim left Adobe to start Evident.10 in Quick Facts Clients: Airbnb, Capital One, Starbucks, Sony Acquired for: $300M Tri -Valley Appeal: Low Rents M