Venture Capital Firm Insight Partners has notified thousands of people, including the company’s Limited Partners, that their personal information has been stolen by hackers in a previous data breaches.
In a statement on September 4th, the VC giant said it completed its review in early August following the data breaches.
The venture company said in a formal data breach notification filed with the California Attorney General this week that hackers broke into the company’s human resources system in mid-October 2024. The hackers have extended their data from Insight’s servers and said they began encryption of the system, a feature of ransomware attacks, on January 16, 2025.
Insight told the Maine Attorney General this week in an official notification that ransomware attacks will affect more than 12,600 people.
Which data breach notification notification does not reveal what specific personal data was obtained from Insight’s systems.
However, according to a previous statement from the company, the stolen data contained information about the funds, management companies and portfolio companies of certain insight partners. Hackers also received tax information with banks and the company provides capital to private information, namely insights venture funds, about the typical private and unknown investors that provide capital on current and former employees and limited partners.
Insight Partners said little else about data breach, such as whether the company received a request for fear tor from a hacker or whether it paid the hacker. (It is not uncommon for businesses to face payment requests in exchange for not deleting or publishing stolen data.)
Insight Partners spokesman Kristen Zeck did not respond to emails containing questions about violations sent before publication.
The company manages more than $90 billion in assets and invests in some of the biggest cybersecurity companies today, including Databricks and Wiz.
Insight Partners has joined several other venture companies that have been hacked in recent years.
Silicon Valley Venture Firm Advanced Technology Ventures was hit by a ransomware attack in 2021 the same year that Sequoia Partners experienced a data breach. In both cases, hackers were able to swipe through the personal information of a company’s exclusive partner.
On September 17th, additional details regarding the ransomware attack were updated.
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