Distributed ledger technologies like Blockchain are considered to be inherently secure. Yet, vulnerabilities in infrastructure can lead to manipulation and attacks. CertiK offers end-to-end security solutions for blockchain, providing exhaustive security audits and smart contract monitoring. The company’s Skynet platform provides real-time insights into the security of DeFi applications. Founded in 2017, CertiK serves over 1000 clients, has secured digital assets valued at $70B+, and is already profitable. AlleyWatch caught up with Cofounder Ronghui Gu to learn more about the state of blockchain security, the role CertiK is playing in bringing DeFi to the forefront of commercial transactions, the company’s strategic plans, latest round of funding from investors that include Tiger Global Management, Coinbase Ventures, GL Ventures, and Coatue.
Privacy and Security
Just last month, shutdowns at Colonial Pipeline and meat producer JBS as a result of cyberattacks show how vulnerable our society is to these increasingly sophisticated attacks, leading to a greater emphasis on safeguarding critical infrastructure. Claroty is an end-to-end cybersecurity platform that’s focused on protecting the industrial economy from cybersecurity incidents. The company focuses on visibility, detection, risk and vulnerability management, and secure remote access in three areas operational technology (OT), Internet of Things, (IoT), and industrial IoT (IIoT) with solutions that integrate directly with an organization’s existing cybersecurity infrastructure. Claroty’s customers are some of the leading industrial organizations covering an array of use cases in applications like chemical manufacturing, airport management, oil & gas, utility companies, consumer goods, mining, and pharmaceuticals. In fact, Claroty is working with Pfizer to safeguard the supply chain for COVID-19 vaccine production. Through the pandemic, from the first half of 2020 to the first half of 2021 the company is expected to grow new ARR by 133% and grow the team by 50% by the end of the year. AlleyWatch caught up with CEO Yaniv Vardi to learn more about how Claroty is safeguarding the most critical infrastructure, the company’s strategic plans, latest round of funding from investors that include Bessemer Venture Partners’ Century II fund, 40 North, LG, I Squared Capital’s ISQ Global InfraTech Fund, Temasek, Team8, Rockwell Automation, Siemens, and Schneider Electric.
When you think about enterprise security, the image of the RSA dongle or hardware token that generates random numbers and looks like a flash drive with a small led screen may come to mind (something you have). That’s one of the three popular elements of multi-factor authentication when it’s combined with a username or password (something you know). The third form of verification that’s growing in popularity is biometric verification like palm scanning, fingerprints, keystroke tracking, retinal scans, facial recognition (something that you are). While the first two types provide entrance through the front door, security erodes as a session grows longer in length. Twosense is a continuous authentication platform that uses invisible biometrics to provide unparalleled security through full sessions – beginning to end, providing heightened endpoint security. The company’s underlying technology creates a risk engine for fraud prevention based on behavioral traits and is versatile enough to be used across a range of industries and the company has deployed its passive biometric authentication platform for the defense industry, healthcare, and the enterprise. AlleyWatch caught up with CEO & Cofounder Dawud Gordon, Ph.D. to learn more about the promise of continuous authentication, the company’s strategic plans, latest round of funding from investors that include Atypical Ventures, Preface Ventures, Jonathan Cogley, Glasswing Ventures, Entrepreneurs Roundtable Accelerator, Brand New Matter Ventures, Josh Lospinoso, Marc Weiss, and others.
The pandemic has introduced new security demands for enterprises. The average company uses 137 unique SaaS applications on average. Figuring out how increased usage of these applications fits into a company’s security protocol is ends up being a daunting task. DoControl is an automated data access control platform that’s integrated with the most popular SaaS applications like Dropbox, Google Drive, Salesforce, and Zendesk, allowing companies to take control over their various cloud deployments without compromising security. The platform focuses on asset management, security policy enforcement, and bot-based remediation in instances where vulnerabilities have surfaced. Organizations like Bizzabo, Digital Asset, and Lili are already using DoControl’s solution to manage their data exposure. AlleyWatch caught up with Cofounder and CEO Adam Gavish to learn more about how DoControl fosters business enablement, the company’s strategic plans, latest round of funding from investors that include RTP Global, StageOne Ventures, Cardumen Capital, and CrowdStrike Falcon Fund.
There is a malicious attack every 39 seconds on internet-connected devices; three new phishing sites are launched every minute. Seconds can make a difference in the fast world of cybersecurity when encountering a breach, which costs $3.86M on average. Deep Instinct is an end-to-end cybersecurity detection platform that leverages deep learning to process threats faster than other solutions. The company has reduced threat detection to mere milliseconds, ensuring that companies are able to detect zero-day attacks before any critical infrastructure or sensitive data is compromised. AlleyWatch caught up with Cofounder and CEO Guy Caspi to learn more about how his experience in the Israel Defense Forces inspired the platform, the state of the cybersecurity market, the company’s latest funding round from investors that include funds and accounts managed from BlackRock, Untitled Investments, The Tudor Group, Anne Wojcicki, Millennium, Unbound, and Coatue Management.
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.
The pandemic has accelerated the digital shift in many industries and healthcare has been a primary beneficiary. While the rise in telehealth comes top of mind, there have been a number of innovative IoT technologies that have been deployed during the pandemic to keep patients safer and care continuously like remote tracking of insulin levels and pacemakers or non-surgical robotics used for contactless disinfection. This has led to an increase in the number of connected devices being deployed in the field and ultimately these devices need to be secure. Cylera is a comprehensive cybersecurity and intelligent platform focused on IoT in the healthcare industry. The company focuses on asset management, risk analysis, and threat detection so that healthcare organizations can be safeguarded against any vulnerabilities as the adoption of devices increases. AlleyWatch caught up with CEO and Cofounder Timur Ozekcin to learn more about the inspiration for the business, the state of the healthcare IoT market, and the company’s recent funding from Concord Health Partners and Maverick Ventures, Contour Venture Partners, Two Sigma Ventures, Dreamit Ventures, Great Oaks Venture Capital, Red Bear Angels, and Samsung NEXT.
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.
According to IBM, the average cost of a data breach is $4M but only 29% of businesses have a cybersecurity expert on their IT team. As businesses use more and more data and as employees use more devices (the average employee now uses 2.3 devices), the potential liability increases each day. Axonius’ cybersecurity asset management platform gives enterprises a full inventory of their assets and ensures that these devices are properly being secured. The platform takes a holistic approach by integrating into existing cybersecurity tools and workflows and ensuring that all devices being used (whether physical or virtual) are compliant with the company’s security protocols. Founded by former intelligence officers from the Israeli Defense Force, the platform solves the fragmentation problem found in enterprises when it comes to security. AlleyWatch caught up with CEO and Cofounder Dean Sysman to learn more about the complexities in managing sound cybersecurity policies throughout an enterprise, the company’s future plans, and latest round of funding from investors that include Stripes, Bessemer Venture Partners, OpenView, Lightspeed, and Vertex.
Chris Cunningham of C2 Ventures offers some predictions for what 2021 will bring to tech, covering AR, privacy, insurtech, and much, much more…
The average person has 100 passwords across various sites and platforms; growing 25% in the last year alone with the rush to digital increasing the number of online services being consumed, leading to more passwords to remember. Beyond Identity, founded by internet veterans Jim Clark (Netscape) and TJ Jermoluk (@Home Network), is building a future that isn’t reliant on passwords. Initially addressing the enterprise, the company offers a scalable, frictionless, and secure passwordless continuous authentication coupled with a risk policy-based authentication model. AlleyWatch caught up with Chief Marketing Officer Patrick McBride to learn more about the state of the identity management market, the company’s future plans, and latest funding round from investors that include New Enterprise Associates (NEA), Jim Clark, and Koch Disruptive Technologies.