Chain Reaction is at the forefront of engineering disruptive blockchain and privacy technologies by significantly enhancing compute performance with a vision to fulfill the vision of scalable distributed and private computing platform. Their state-of-the-art solutions enable companies to efficiently adopt and scale revolutionary compute infrastructure for cloud providers, data centers, and major enterprises to power the next generation of secure computing. First, regarding distributed computation, and specifically Blockchain, Chain Reaction is solving the current barrier triage of trust, scale, and privacy to enable the adoption of blockchain by the largest global enterprises. In addition, Chain Reaction is working on its 2nd family of products, to allow private computation on the cloud, by developing semiconductors for homomorphic encryption and zero-knowledge computation.
Chain Reaction addresses the growing Bitcoin mining data center market, initially focusing on North America. Chain Reaction’s Application Specific Integrated Circuit (ASIC) targets optimal total cost of ownership (TCO) through best-in-class performance combined with advanced software management features. Selling ASICs serves as an opportunity for a substantial early revenue stream without having to wait for the duration of system bring-up and high-volume manufacturing. This first product line is projected to be a game-changer for mining companies that seek the best hardware and software combo, to reduce costs and optimize the number of Bitcoins mined and revenues.
In parallel, security and subsequent scalability of cloud computing depends on novel hardware acceleration. Chain Reaction intends to sell a first-of-its- kind privacy processor to cloud service providers to accelerate computing and cryptography. The Company’s solutions will be an integral part of the infrastructure for next-gen scalable cloud computing, in addition to private cloud and on-premises data centers. This hardware accelerator optimizes Fully Homomorphic Encryption (FHE) and Zero Knowledge Proofs (ZKP), the cryptographic foundations for computing large amounts of encrypted data.

A Defining Moment for Cybersecurity, for JVP, and for Israel/US Cooperation: CyberArk’s $25B Merger with Palo Alto Networks

Blue lion silhouette facing left beside bold blue letters “JVP” on a transparent background.

Last week marked a moment of both pride and reflection for all of us at JVP. The announcement of CyberArk’s $25 billion acquisition by Palo Alto Networks is not just a landmark deal in the cybersecurity landscape—it’s a powerful validation of the JVP Way, our approach to company building that continues to define our firm today.

While we are no longer CyberArk shareholders, having exited our position a few years after its IPO, we were proud to have been CyberArk’s leading and largest shareholder from its early days to several years after it became a public company and its emergence as an international category leader. While I was Chairman of the company, we partnered closely with the founders during the most formative years of its journey. Back in 2011, when many investors were ready to sell the company for $120 million, JVP chose to reinvest and increased our position to 47%, buying out early shareholders, bringing in Goldman Sachs as an equity investment partner, and partnering with management to lay the foundation for a strong international expansion. That pivotal moment gave the company the opportunity to scale into a true global market leader. 

CyberArk has always been ahead of the curve—pioneering insider threat protection, secrets management, machine-to-machine authentication, and most recently, preparing the world for secure Agentic-AI infrastructure. Its merger with Palo Alto Networks positions it to lead the AI era with a fully integrated, end-to-end security platform. 

We invite you to revisit JVP’s unique role in CyberArk’s growth in this Forbes featureReuters press, and from CyberArk’s newsroom.

This milestone is a reminder that JVP’s tried and true approach – invest, reinvest, roll up our sleeves, and work diligently alongside founders and management teams to build category leading global companies – works. The JVP Way, developed over 30 years, is what enables JVP to build companies that lead and transform industries to the benefit of our investors.

Today, we continue to apply the same methodology to our current portfolio with company after company surpassing the $100 million revenue threshold, with JVP owning 40% or more, as they too become category-leading international businesses.