Left, Gula Tech Adventures CEO Ron Gula and right, GTA Managing Director Cyndi Gula.

Cybersecurity investment firm Gula Tech Adventures (GTA) has launched a new foundation that will give nonprofit cyber organizations a much-needed financial boost by awarding $1 million in competitive grants several times per year.

For its first round of grants, the Gula Tech Foundation will seek to reward diversity efforts by awarding $500,000, $300,000 and $200,000, respectively, to three nonprofits aimed at increasing African-American engagement in cybersecurity. Future grants will go to nonprofits specializing in other areas such as workforce development, technology, education and policy.

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