Pursuit connects underserved adults with tech careers through its Fellowship program and employer-focused Pursuit Commit services. The Fellowship in NYC lasts one year of training and three years of on-the-job support, with no upfront costs for Fellows, as Pursuit invests in them; Pursuit Commit helps companies hire and retain engineers from non-traditional backgrounds with three years of ongoing training. Revenue comes from employer partnerships funding talent acquisition and retention, and Pursuit is exploring financing options like municipal bonds to fund community investments. The goal is to widen access to high-paying tech jobs, diversify the tech workforce, and build sustainable career paths for underserved individuals.
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Industries
Company Size
201-500
Company Stage
Early VC
Total Funding
$11.8M
Headquarters
New York City, New York
Founded
2011
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Total Funding
$11.8M
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Funded Over
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If cybersecurity is a major concern for your business, this one is for you. After all, you are probably facing the talent gap issue head-on. Ballistic Ventures, the venture capital... The post Ballistic Ventures and Pursuit join forces to help address the cybersecurity skills gap appeared first on Teknovation.biz.
Blackstone and other corporate partners join the Ballistic X Pursuit Cyber Fellows program, charting a path to narrow the industry's talent gap and economic dividesSAN FRANCISCO and NEW YORK, April 30, 2024 /PRNewswire/ -- Ballistic Ventures , the venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, and Pursuit , a workforce development social impact organization that trains low-income individuals so they can build careers in tech, today announced the Ballistic X Pursuit Cyber Fellows program , a groundbreaking initiative to tackle the cybersecurity skills gap by providing adults from non-traditional backgrounds with the training and support necessary to excel in these careers.The cyber skills gap is one of the most pressing challenges facing the cybersecurity industry today. Despite the industry's rapid growth, there is a significant shortage of qualified professionals – particularly from non-traditional backgrounds, as open opportunities aren't accessible to everyone. The Ballistic X Pursuit Cyber Fellows program aims to tackle this challenge head-on. Tapping into Pursuit's proven software development training program, the Ballistic X Pursuit Cyber Fellows program empowers talented adults from non-traditional backgrounds to get the training and support needed to be hired, retained and succeed in the cybersecurity industry.The Ballistic X Pursuit Cyber Fellows program charts a path to narrow the industry's talent gap and economic divides. Post this"The Ballistic X Pursuit Cyber Fellows program represents more than just a commitment to diversity in cybersecurity; it's a catalyst for innovation, fostering a convergence of unique backgrounds that will undoubtedly spawn new ideas, technologies, and approaches to secure our rapidly evolving world," said Jake Seid, Co-founder and General Partner of Ballistic Ventures. "At Ballistic, we believe in the power of diverse perspectives not only to address the industry's skills gap but to shape the future of cybersecurity."In existing Pursuit programs, which have focused on employing talent to software development and engineering teams, fellows have gone from earning an average of $18K to over $90K working at some of the best companies in the world
The Macquarie Group Foundation ("the Foundation"), which drives social impact for Macquarie Group ("Macquarie"), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.
The Macquarie Group Foundation ("the Foundation"), which drives social impact for Macquarie Group ("Macquarie"), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.
The Macquarie Group Foundation ("the Foundation"), which drives social impact for Macquarie Group ("Macquarie"), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.
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Industries
Company Size
201-500
Company Stage
Early VC
Total Funding
$11.8M
Headquarters
New York City, New York
Founded
2011
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs