prnewswire | January 14, 2021
PTC and Cybellum, an innovator in Automotive Cybersecurity Risk Assessment, today declare an association to convey a mix between PTC's Windchill RV&S and Cybellum's foundation. The joint arrangement will give computerized network protection checking to programming created utilizing Windchill RV&S, to guarantee consistence with all the necessary wellbeing and security guidelines.
PTC's Windchill RV&S joins prerequisites designing, thorough programming setup control and test the executives to guarantee makers assemble the correct items. The product source code and assembled executables are overseen inside Windchill RV&S, and during registration, Cybellum's complete stage flawlessly directs network protection assessments. Joint clients would now be able to characterize programming security contemplations right off the bat in the item life cycle, one next to the other with their entire item designing cycle. They would then be able to design their execution, compute and deal with the related network protection chances with regards to the entire item.
Programming engineers can likewise proactively test and fix the distinguished security or wellbeing dangers utilizing the consequently created, itemized direction. This can guarantee that basic wellbeing and security weaknesses are recognized, overseen, organized and relieved all through the designing cycle, ensuring that your items are free from any and all harm.
The joint arrangement additionally encourages clients to plan for and conform to existing and forthcoming network protection guidelines, (for example, ISO 26262 Road Vehicles Functional Safety, UN WP29 (World Forum for harmonization of Vehicle Regulation), and ISO 21434 DIS Road vehicles Cybersecurity Engineering).
"We are excited about the partnership with PTC, helping product development teams shift left by embedding cybersecurity risk assessment processes and prevent vulnerabilities early in the delivery process of software-intensive products," said Michael Engestler, co-founder and CTO of Cybellum. "Through the unique integration with PTC Windchill RV&S we empower manufacturers to control, trace and mitigate safety and security issues early on, ultimately delivering safe and secure products."
"We see this integration as a significant enhancement for PTC customers who are particularly concerned about the cybersecurity of the software they manage with Windchill RV&S," said Hedley Apperly, VP SSE Products, PTC. He continued, "This automated security scanning and remediation mentoring will be invaluable to any manufacturer building software intensive products, which are vulnerable to cyber-attack."
Cybellum empowers automotive OEMs and suppliers to identify and remediate security risks at scale, throughout the entire vehicle life cycle. Our agentless solution scans embedded software components without needing access to their source code, exposing all cyber vulnerabilities. Manufacturers can then take immediate actions to eliminate any cyber risk in the development and production process, before any harm is done, while continuously monitoring for emerging threats impacting vehicles on the road.
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and services innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network. PTC provides customers flexibility in how its technology can be deployed and drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.
prnewswire | December 23, 2020
In 2020, Evolution activated a $250m Fund after fully investing a $125m Fund in 2019 and increased AUM to over $675m. The firm completed 8 investments this year including:
Quantexa – London based market leader in financial crime detection and real time AML/KYC. $56m Series C Round led by Evolution.
Unbound Technologies – New York City/Tel Aviv based market leader in secure multi-party computation and cryptographic keys. $20m Series B Round led by Evolution.
Awake Security – Palo Alto based leading network security platform. $36m Series C Led by Evolution.
(Stealth Company) – London based Quantum cybersecurity company. Early-stage financing led by Evolution.
Existing portfolio companies raised follow on rounds of financing in 2020 including:
DefinedCrowd – Seattle based AI/ML data platform leader.
Panaseer – London based continuous control monitoring cybersecurity leader.
Onapsis - Boston based application cybersecurity leader.
Logpoint – Copenhagen based security incident and event management (SIEM) leader.
CounterCraft – London based cyber deception and threat intelligence platform.
Evolution cybersecurity portfolio companies growth news:
Security Scorecard – Security Scorecard Accelerates on Pathway to 20 million Rated Companies
Truefort – Winner of 2020 Red Herring Top 100 North America Award
DFLabs – IncMan SOAR SaaS Cloud Platform Drives Growth
Richard Seewald, Founder & Managing Partner at Evolution, stated: "In 2020 Evolution continued to add talent and assets to a team of leading cybersecurity investors and company builders while partnering with trailblazing software companies expanding in global markets. As we look to 2021, there are a unique set of conditions that set the stage for cybersecurity entrepreneurs to make meaningful impact protecting critical infrastructure in cyberspace. Evolution is privileged to be partnering with these great companies."
Among many notable accolades awarded in 2020 to Evolution and our portfolio, we are pleased to be working with some of the fasted growing cybersecurity and enterprise software companies in the world.
Evolution launched a London office to compliment Palo Alto, New York City and Zurich and added professionals to expand the platform of expertise that serves portfolio companies. The firm has 15 investment professionals including two recent hires:
Ollie Bone, Associate – Prior to joining Evolution, Ollie led venture scouting for global corporates in defense, manufacturing and consulting. He ran an accelerator program for cybersecurity scaleups building a UK and global support network for founders where he worked with leading cybersecurity companies.
Eduardo Martinez, Associate – Eduardo is an associate at Evolution Equity Partners focused on sourcing and monitoring investment opportunities across the technology sector. He is in charge of portfolio management and reporting, performing valuation analysis and due diligence of investments.
GoVanguard | August 11, 2021
Technology security firm GoVanguard has completed it's acquisition of boutique cybersecurity company, Gotham Security. The move positions GoVanguard to expand its leadership in the cybersecurity sector, building its team and expertise to help clients' increasing need to prevent and mitigate emergent threats, such as ransomware attacks. The move comes as a natural extension of GoVanguard's mission to advance security awareness and provide elite-level cybersecurity services to its clients.
GoVanguard services a wide range of industries looking to secure their business. Clients include Odyssey Group, nTopology, Insurance Technologies and Abacus Group, as well as several international businesses, medium sized companies and small local firms, spanning organizations across the financial, healthcare, insurance and technology industries.
GoVanguard has built its reputation through its approaches to adversary simulation, risk reduction, threat management, and information security strategy. The acquisition completes the company's suite of offerings by acquiring a five-year partner and industry leader in red-teaming and pentesting—two essential services for companies protecting against security threats and staying ahead of risks to business information.
"As threat actors become more sophisticated, it's become obvious that the best defense is to go on the offensive. Adversary simulation has become increasingly valuable for organizations looking to quickly gauge and improve their security position. Afterall, if you can't measure it, you can't improve it," said Mahdi Hedhli, GoVanguard CEO. "Gotham Security has been a close partner for years and this was a natural next step to allow our red-teaming experts to take our clients' defenses to the next level and continue our dedication to finding the security gaps before cybercriminals do."
Underscoring the commitment to quality and continuity, Blake Shalem, Gotham Security COO, will be joining GoVanguard as its Chief Customer Officer. Blake said that the move will not only enhance services and expand resources to new and existing clients, it will also provide opportunities to further develop team members in the ever-evolving space of cybersecurity.
"This move allows us to elevate what we do best, which translates to a superior class of protection for our clients," said Blake.
Recent attacks on Kaseya, thousands of Microsoft Exchange Servers, Colonial Pipeline, JBS, a nuclear contractor, and a U.S. Congressional vendor, spotlight the brazenness and sophistication of cybercriminals, who are constantly probing for new angles of attack. Meanwhile, ransomware is becoming an increasingly lucrative venture for threat actors. The institute for Security and Technology estimates that U.S. companies paid out about $350 million in 2020, a year-over-year increase of 171 percent in the average ransomware payment.
GoVanguard's acquisition of Gotham Security positions clients to remain a step ahead of the criminals, specifically in the areas of red-teaming and pentesting to help companies eliminate existing vulnerabilities before cybercriminals strike.
"We're doubling down on our commitment to improve the cybersecurity landscape by honing our focus on red teaming," Hedhli said. "We feel this is the area where GoVanguard makes the biggest impact for our clients and the industry as a whole."
GoVanguard is a cybersecurity firm based in New York City dedicated to providing world class services with actionable results. The company's innovative team of technology and cybersecurity experts specialize in emulating sophisticated cybercriminals to find gaps in business security before criminals do. Using attack simulation, risk reduction, threat management and compliance and strategy guidelines, the company has been working toward its mission of developing security awareness and protection for organizations across the financial, healthcare, insurance, technology and other business enterprises across the U.S. for nearly a decade.