20-50% of help desk calls are in reference to password resets. 80% of cybersecurity attacks are focused on passwords. 92% of businesses believe passwordless authentication is the future of business. HYPR makes a passwordless future a reality with its multi-factor authentication platform that provides industry-leading security without the hassle of remembering passwords. The company focuses on delivering a better user experience with the convenience of smartphones combined with the security of a smart card. The immense shift to work from home has only further accelerated the need for modern security solutions in a remote world and HYPR has been able to more than triple its ARR since its previous funding in the fall of 2019. AlleyWatch caught up with Cofounder and CEO George Avetisov to learn more about the impact the pandemic has on the state of security, the company’s impressive traction, growth plans, and latest round of funding led by Advent International.
According to IBM, the average cost of a data breach is $4M and as we move into an era where more and organizations are leveraging their data with partner integrations, this risk compounds. Understanding where your organization ranks in terms of security risk is critical as is understanding where your partners stand. SecurityScorecard is a cybersecurity rating platform that provides near-instant analysis of a companies security risk. The platform presently features over 1.8M businesses and plans to cover 20M business by year-end. The rating and analysis provided contextualizes cybersecurity risk so that all parties involved – including vendors and suppliers – can interpret and assess any vulnerabilities within a business operation. AlleyWatch caught up with CEO and Cofounder Aleksandr Yampolskiy to learn more about the company’s impressive traction since the last time we spoke, future plans, and latest round of funding from investors that include Silver Lake Waterman, funds and accounts advised by T. Rowe Price Associates, Inc., Kayne Anderson Rudnick, Fitch Ventures, Evolution Equity Partners, Accomplice, Riverwood Capital, Intel Capital, NGP Capital, AXA Venture Partners, GV (Google Ventures), and Boldstart Ventures.
Robotic process automation (RPA) enables businesses to free up their human capital to focus on higher-value tasks by automating repetitive, tedious tasks. These robotic systems also free up IT departments as they do not require any specialized skillset to deploy, end up being cost-effective in the longer term, and more accurate. WorkFusion has built its Intelligent Automation enterprise-level software that allows highly -regulated specialized industries like banking, finance, and healthcare to seamlessly adopt RPA. The bots learn in real-time and this knowledge is shared across WorkFusion’s bot ecosystem with sensitive information stripped out so that all customers benefit from a network learning effect. The company counts companies like Deutsche Bank, Hewlett Packard, Standard Bank, and Humana as customers and these partners have been able to save up to 50% in time and 50% in costs for tasks that WorkFusion has been able to automate. AlleyWatch caught up with President and CEO Alex Lyashok to learn more about the power of combining AI, machine learning, and RPA for the enterprise, the company’s future plans, impressive traction, and latest round of funding led by Georgian.
The AI software market is expected to grow 54% per annum over the next several years according to Statista. As the evolution of AI continues, challenges do remain especially when it comes to the effects of bias in models. Arthur is a comprehensive monitoring solution, fairness assessment tool, and model management platform that allows firms to gain oversight and control of their machine learning systems. The platform gives companies the confidence that they are scaling with visibility as a simple mistake can become catastrophic as AI-powered models scale. Founded in 2018, Arthur’s technology has been deployed at organizations like Humana, Bloomberg, Truebill, and the US Air Force and the company is growing very fast with revenue up 300% in the last six months alone. AlleyWatch caught up with Cofounder and CEO Adam Wenchel to learn more about the importance of AI monitoring, the company’s future plans, and latest round of financing from investors that include Index Ventures, Acrew, Plexo Capital, Work-Bench, and AME Ventures.
Gary Hoberman spent decades in the world’s largest and most sophisticated companies as a technology leader: CIO at MetLife, MD at Citi and years on Wall Street building technology solutions to business challenges. He kept running into the same barrier. Traditional software development methods – using custom code and accepting all the costs, complexities and delays that come with it – were stifling the business. This led him to found Unqork, the no-code application development platform for building enterprise solutions. Hoberman shares more about the impressive growth in the popularity of no-code platforms, expanding Unqork’s team by 150 in the midst of the pandemic, and the company’s recent $207M funding round from investors that include BlackRock, Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors, Sunley House Capital Management, CapitalG, Goldman Sachs, Broadridge Financial Solutions, and Aquiline Technology Growth.
Brendan Hannigan and Sandy Bird are repeat entrepreneurs. They founded Q1 Labs, a company they started, scaled, and sold to IBM for ~$600M. The duo is now building Sonrai Security, an enterprise identity and data governance platform for AWS, Azure, Google Cloud, and Kubernetes. Hannigan joined AlleyWatch to share more about the company, the process of fundraising, and the company’s recent funding round from investors that include Menlo Ventures, Polaris Partners, and Ten Eleven Ventures.
The pandemic has been a particularly challenging time for business development professionals who have had to find new ways of meeting prospects outside of conferences, in-person meetings, and other traditional methods. Grata has built the first search engine of small and mid-sized companies for recruiting, banking, and private equity professionals. Unlike a traditional Google search or legacy databases, instantly reveals companies by strategic fit, whether that be by what they do, how they’re positioned, or the markets they target. CEO and Cofounder Andrew Bocskocsky shares more about how Grata is transforming prospecting, the company’s seed round from investors that include Bling Capital. Accomplice, and Alumni Ventures Group, and much much more…
Dataiku is a leading global enterprise AI company that weaves AI into everyday operations at some of the largest companies like BNP Paribas, GE Aviation, Sephora, and more. Now more than ever before, companies need to harness Enterprise AI as a widespread organizational asset instead of siloing it into a specific team or role. VP of Finance Ed Bush shares more on Dataiku’s mission to make AI ubiquitous for enterprise companies, the company’s future plans, and recent funding round from investors that include Stripes, Tiger Global Management, Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ.
A recent survey found that most large companies use an average of 129 apps – that’s up nearly 70 percent in four years. As technology and apps get added to the stack, the process of finding information becomes difficult and tedious. Onna is the knowledge sharing and search platform that enables enterprises to access the information they need through its open API that integrates with the most widely-used apps. CEO Salim Elkhou walks us through how Onna is powering knowledge infrastructure, the company’s expansion plans, and recent round of funding from investors that include Atomico, Nauta Capital, Slack Fund, and Glynn Capital.
With GDPR and the California Consumer Privacy Act marking the beginning of a shift in how we view privacy data, there is an increased need for businesses to be compliant as more regulations emerge. Ethyca’s data privacy automation platform provides developers and product teams the ability to ensure consumer data privacy throughout applications and services design. CEO and Cofounder Cillian Kieran walks us through the company’s history, the pain point it is solving, and latest funding round, which brings the total funding raised to $20M since 2018.
Peter Brodsky was running an engineering team at SoundCloud when he and his cofounders first got the urge to automate some of their job functions. They set out to deliver machine learning to the enterprise, and when looking back at their earliest ambitions, automating data entry really paved the way for Hyperscience, the data automation platform. Peter shares more about the vision for the business, the company’s future plans, and recent $60M Series C round, which was closed in only 6 days in the middle of the pandemic!