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.
Privacy and Security
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.
White Ops, the digital fraud prevention platform, has been acquired by Goldman Sachs Merchant Division, ClearSky Security, and NightDragon. The terms of the transaction were not disclosed.
It’s estimated that the total amount of data is expected to reach 59 zettabytes this year with 90% of that data created in the last two years alone. With such an exponential increase in data, companies are racing to protect the data they maintain and regulatory initiatives like GDPR and the California Consumer Privacy Act are formalizing standards. BigID is the data intelligence platform that leverages advanced machine learning and automation to allow customers to seamlessly protect sensitive data, be compliant will data privacy laws, and ensure compliance with data sharing requirements. The company offers a foundation product that provides companies with visibility of all their data across the data landscape and additional apps provide added intelligence and specialized insight into privacy, protection, and perspective. AlleyWatch caught up with Cofounder and CEO Dimitri Sirota to learn more about the data protection ecosystem the company has built, its future plans, and recent round of funding from investors that include Salesforce Ventures, Tiger Global, Glynn Capital, Bessemer Venture Partners, Scale Venture Partners, and Boldstart Ventures
The security of digital assets is absolutely critical in ensuring widespread adoption and this has led to the emergence of countless digital-asset-as-security-service offerings. Fireblocks has emerged as a leader in digital asset security, with a growing number of companies rely-ing on Fireblock’s platform to securely store, transfer, and issue digital assets. The compa-ny has facilitated the transfer of over $150B+ in digital assets for local and international companies since its launch, $23B+ worth of digital assets transferred in Q3 alone, and the company has tripled its customer base already in Q4. AlleyWatch caught up with Co-founder and CEO Michael Shaulov to learn more about how Fireblocks provides the criti-cal infrastructure needed for enterprises to scale digital asset exposure, the company’s growth, and recent funding round from investors that include Paradigm, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Ce-dar Hill Capital.
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.
“That’s when the lightbulb went off in my head. This was the era of the iPhone 4, where you could already stream YouTube, and Apple had just launched FaceTime so I knew you could stream video to a mobile app, I should be able to open the building door from my smartphone too!” ButterflyMX Founder Cyrus Claffey shares more about how the company’s smart intercom system is already being used in nearly half a million apartments in five short years, the effect of the pandemic on the popularity of its offering, and the company’s recent funding round from investors that include Volition Capital, Egis Capital, RiverPark Ventures, and Stifel Financial Corporation.
Many companies approach cybersecurity from a variety of angles, but one of the recent, popular approaches is known as “cyber fusion”. This strategy focuses on creating a centralized place for secure collaboration, information sharing, and enhanced threat visibility. Cyware Labs enables companies to build these cyber fusion centers, allowing organizations to effectively collaborate to create a […]