DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Sentra | November 04, 2022
Sentra, a cloud data security company, today formally announced that it has joined the Cloud Security Alliance (CSA), the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment.
Backed by Bessemer Venture Partners and Zeev Ventures, Sentra enables security teams to gain full visibility and control of cloud data, as well as protect against sensitive data breaches across the entire public cloud stack.
The company was recently recognized by Gartner® as a Sample Vendor for Data Security Posture Management in the Hype Cycle™ report for Data Security 2022.1
"As enterprise cloud adoption has accelerated across industries over the past two years, data security has become an inevitable challenge for all organizations –– Sentra's platform takes the guesswork out of what data needs to be protected. "We look forward to collaborating with CSA's extensive network of industry peers to create a secure cloud environment for all organizations. With Sentra's new North American headquarters in New York City, we're eager to align our product mission and security expertise with CSA's initiatives as we expand our global customer base."
Yoav Regev, co-founder and CEO of Sentra
"We're excited to welcome Sentra as a member of CSA," said Jim Reavis, co-founder and CEO of the Cloud Security Alliance. "Sentra's visibility-driven data security platform and its founders' decades of cyber security experience are an asset to our organization. We look forward to collaborating with Sentra to increase awareness of the importance of data protection in the cloud."
GARTNER and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Sentra is a cloud data security platform that helps organizations discover and remediate the top data security risks in their public cloud. Sentra automatically detects if sensitive data is vulnerable due to misconfigurations, over-permissions, unauthorized access, data duplication or other security issues. The company was founded in 2021 in Tel Aviv, Israel, and has raised $23 million in seed funding to date. The company is now co-headquartered in New York City and Tel Aviv.
About the Cloud Security Alliance
The Cloud Security Alliance (CSA) is the world's leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, certification, events and products. CSA's activities, knowledge and extensive network benefit the entire community impacted by cloud — from providers and customers, to governments, entrepreneurs and the assurance industry — and provide a forum through which diverse parties can work together to create and maintain a trusted cloud ecosystem.
SecureIT | December 14, 2022
Wib, the fast-growth cybersecurity startup pioneering a new era in API security, today announced a strategic partnership with SecureIT to accelerate its go-to-market momentum across the Nordics region. Based in Iceland, SecureIT is a leading provider of cybersecurity compliance, consulting and managed services to international financial institutions, airlines, large retailers, utility, biotech and healthcare, as well as multiple entities in the critical infrastructure and the government.
In the wake of its recent launch and $16 million funding, Wib is actively investing in building out an international channel ecosystem of specialist cybersecurity partners to expand its reach, drive growth and leverage growing market demand for API security. The partnership with SecureIT gives access to Wib's industry-first holistic API security platform and recently launched API PenTesting-as-a-Service (PTaaS) capabilities, helping organisations across the region identify API vulnerabilities, defend against the growing tide of API based attacks and meet increasingly API centric regulatory compliance standards such as PCI DSS.
"Building out our channel ecosystem is a strategic priority for Wib as we look to scale our go-to-market presence across key international territories, SecureIT has a trusted brand and strong reputation across the Nordics region with a dynamic team of qualified and experienced security and compliance professionals. Its consultative-led approach, strong compliance expertise and managed services capabilities made them the ideal partner for us and we're looking forward to a mutually beneficial relationship."
-Ran Ohayon, CRO at Wib.
The Nordic countries are synonymous with innovation and entrepreneurship, with an early-adopter mentality and pioneering spirit when it comes to new technologies,"explained Magnús Birgisson, CEO at SecureIT. However, where innovation leads insecurity tends to follow. APIs are critical in driving the modern applications and innovative new web services many organisations use today, but many are undetected, unmanaged and unprotected, creating vulnerability and risk. Our mission is to deliver cyber resilience to our customers across the region and our partnership with Wib is a great addition to our portfolio and will help us achieve this mission.
Wib's holistic API security platform provides complete visibility across the entire API landscape, from code to production. By delivering rigorous real-time inspection, management, and control at every stage of the API lifecycle, Wib can automate inventory and API change management; identify rogue, zombie and shadow APIs and analyse business risk and impact, helping organisations to reduce and harden their API attack surface. Wib's new PTaaS solution combined with its API security platform, is the only offering that provides complete visibility, automatic inventory, auto-generated API documentation, and simulated attacks against test and/or production systems.
SecureIT is a leader in cyber security consultation, compliance and managed security services. Founded in early 2017, SecureIT has worked with multiple international financial institutions, airlines, large retailers, utility, biotech and healthcare, as well as multiple entities in the critical infrastructure and the government. SecureIT focuses on providing exceptional quality services, and to help the customer reach and maintain the desired and necessary security posture. SecureIT offers tailored consultation, assessments and audits, security testing and verification services, risk management and cyber threat intelligence services, along with extensive 24/7 monitoring, detection and response services, managed endpoint protection, API security and DDoS mitigation assessments and simulations. Meeting compliance, contractual and regulatory requirements is critical in today's business environment.
Wib is pioneering a new era in API security with its industry first holistic API security platform. Providing continuous and complete visibility and control across the entire API ecosystem, Wib enables developers to code with confidence and security teams to secure with surety. Wib's elite team of developers, attackers, defenders and seasoned cybersecurity professionals draw on real-world experience and expertise to help define and develop innovative technology solutions that enable customers with the identity, inventory and integrity of every API, wherever it may be within the development lifecycle, without compromising development or stifling innovation.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Fordefi | November 09, 2022
Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm's initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital and StarkWare.
"The Fordefi team is bringing to market a solution that addresses two of the biggest challenges in DeFi today: institutional-grade security and smart contract transparency," said Sam Harrison, Senior Advisor at Lightspeed Venture Partners and Managing Partner at Faction. "We are excited to support an experienced team bringing a powerful solution to market that directly solves pain points that have held institutions back from achieving the full potential of decentralized finance."
"Wallet hacks made major headlines this year. Until now, decentralized finance was missing a secure, stable, and seamless way to connect to dApps," said Ken Deeter, Partner at Electric Capital. "Fordefi's single-browser extension paired with a top-notch institutional grade MPC wallet platform will unlock opportunities across DeFi for all crypto-native institutions. We're excited to be part of Fordefi's journey, as an investor, design partner and customer."
Introducing the Fordefi Platform
Co-founders Josh Schwartz, CEO, Dima Kogan, CTO, and Michael Volfman, Vice President of Research and Development, began developing the Fordefi platform in 2021, an unprecedented year for crypto adoption, as institutions took notice of the explosive growth and massive volumes of digital assets moved into the markets. A boom in the development of new blockchains and decentralized applications created opportunities for investing that institutions could not safely participate in, as available wallets had been designed years before and lacked the technology to securely and confidently connect them.
"Decentralized finance is evolving quickly and its complexities require a dynamic solution," said Schwartz. "Legacy wallet providers are unable to meet the needs of institutions that want to access the new opportunities DeFi has created while ensuring their assets are protected. Fordefi has taken a DeFi-first approach and has built a solution engineered for how clients interact with dApps."
"DeFi transactions are much more complex than simple asset transfers, and that's the key to DeFi's exciting new opportunities," said Kogan. "Unfortunately, this complexity also brings with it many new security risks. Fordefi enables institutions to interact with DeFi applications with increased operational efficiency and security through in-depth visibility into each transaction and the ability to set the right controls."
A first of its kind wallet and security platform, Fordefi enables market participants to easily and securely connect to decentralized applications. Fordefi's platform is the only institutional MPC wallet on the market built for firms transacting on decentralized applications across blockchains. The solution delivers a previously unavailable degree of insight into transactions, translating smart contracts into language that users can understand, simulating every transaction in advance and independently verifying dApp names. Its advanced MPC key management capabilities are built to protect against any single point of failure, and the platform's unique policy management capabilities offer users the ability to create and define their own workflows, proactively protecting themselves from both internal and external vulnerabilities.
"Fordefi has been a tremendous addition to our DeFi workflow. We've seen accelerated deployment efficiency across a comprehensive set of on-chain opportunities, alongside enhanced user intuitiveness and without compromising security." Shane Al, Head of Investments at Arc Capital and Fordefi design partner.
"The Fordefi platform provides robust solutions for institutions to access thousands of DeFi opportunities with the highest levels of security. The platform is extremely customizable and allows us to manage our own policies and controls, ensuring a balance between flexibility and security - crucial for liquid fund strategies." Jacob Goh, Head of Operations & Investor Relations at DeFiance Capital, Fordefi investor and design partner.
Fordefi's MPC wallet platform and Web3 gateway enables institutions to seamlessly connect to dApps across a wide range of chains while keeping digital assets secure. Fordefi is the first institutional MPC wallet and security platform built for decentralized finance (DeFi), offering MPC key management, self-serve DeFi policy controls, time-of-transaction smart contract insights, transaction simulation and risk alerts. Fordefi was founded in 2021 by crypto custody and cybersecurity experts, and designed in close collaboration with industry-leading trading firms, funds and custodians. Fordefi is a financial technology and software company with offices in New York and Tel Aviv.
About Fordefi's Founders
Josh Schwartz, Dima Kogan and Michael Volfman founded Fordefi after establishing themselves with decades of experience as leaders in crypto, cybersecurity, and financial services. Schwartz served as Chief Operating Officer at Curv, an institutional MPC wallet acquired by PayPal in 2021, and was Vice President of Sales at digital custody platform BitGo. Dr. Kogan's career spans more than 15 years in academia, industry and government. He received his PhD from Stanford with a specialization in applied cryptography and was awarded the "Best Young Researcher" prize at Eurocrypt 2018, the Theory of Cryptography Conference 2019, and Eurocrypt 2020. Volfman is an engineering manager with 20 years of experience in cybersecurity, serving as Vice President of R&D at Toka, was Chief Technology Officer and co-founder of an edtech startup, and a Director at Guardicore.
DATA SECURITY,PLATFORM SECURITY,SOFTWARE SECURITY
Next DLP | November 03, 2022
Next DLP (“Next”), formerly Qush Security, today announced the appointment of Constance (“Connie”) Stack as its new chief executive officer. With Stack leading the way, Next expects to aggressively grow its market share and disrupt the legacy Data Loss Prevention (DLP) category.
The DLP market is projected to reach 3.5 Billion USD by 2025 with the SaaS deployment model expected to dominate during the forecast period. Next’s “Reveal Cloud”, which was included in Gartner’s 2022 Market Guide for Data Loss Prevention, is an industry leading, user-centric, DLP solution, that uncovers risk, educates employees and fulfills security, compliance and regulatory needs.
“This is an exciting time for all of us at Next DLP,. “We are pleased to have Connie lead Next and believe her leadership will further accelerate the company’s growth and deliver on our mission of reinventing data protection for today's distributed organization.”
Fredrik Halvorsen, Chairman of Next’s board of directors and co-founder of Ubon Partners
Most recently, Stack served as Managing Director/GM of the Data Protection Business Unit for HelpSystems, which included the Digital Guardian, Titus, Boldon James and Vera brands. Prior to acquisition by HelpSystems, Stack served as chief strategy officer and chief marketing officer of Digital Guardian. Earlier in her career, Stack was vice president of marketing at Veracode (acquired by CA Technologies) and chief revenue officer at WordStream (acquired by the Gannett Company).
“Today’s most used DLP solutions came to market over twenty years ago; before the shift to cloud and SaaS really took off and well before the COVID-19 pandemic drove global knowledge workers to a remote working model. Put plainly, legacy DLP approaches are outdated and prone to failure,” said Constance Stack, Chief Executive Officer, Next DLP. “Next DLP offers a new and flexible approach to protecting data where it is most at risk. Its patent-pending endpoint agent and cloud platform were purpose-built for today’s IT environment and threat landscape. I look forward to this opportunity to work with Next’s incredibly talented team and to deliver DLP that works to our customers.”
About Next DLP
Next DLP (“Next”) is a leading provider of data protection solutions for organizations with valuable data who need to uncover risk, educate employees and fulfill security, compliance and regulatory needs. Next's mission is to reinvent data protection for today's distributed organization and it is disrupting the legacy data loss prevention market with a user-centric, flexible, cloud-native, AI/ML powered solution built for today’s threat landscape. The company's leadership brings decades of cyber and technology experience from HelpSystems, DigitalGuardian, Forcepoint, Mimecast, IBM, Cisco and Shopify. Next is trusted by organizations big and small, from Fortune 100 finance and retailers to fast growing healthcare and technology companies.