18 Jul Evolution Equity TV: Who’s Who In Cybersecurity
Produced by Cybersecurity Ventures. Sponsored by Evolution Equity.
The Evolution Equity TV channel brings you the latest on hot cybersecurity companies and entrepreneurs, VC deal flow, mergers and acquisitions, industry events, cryptocrime, and more. Evolution Equity Partners, based in New York City and Zurich, Switzerland, is an international venture capital investor partnering with exceptional entrepreneurs to develop market leading cyber-security and enterprise software companies. EvolutionEquity.TV
HOT companies in the emerging cryptosecurity space
On the July 2022 episode of Evolution Equity TV, thought leader Richard Seewald joins Steve Morgan, editor-in-chief at Cybercrime Magazine, for a discussion on venture capital deal flow in the cybersecurity space, mergers and acquisitions, and trends in cryptocrime. In the first half of 2022, $100M+ investments are keeping up with the activity we saw last year. New opportunities abound for cryptosecurity companies.
Hot cybersecurity startups and emerging players at the world’s largest cyber event
Cybercrime Magazine met up with Richard Seewald, founder and managing partner at Evolution Equity Partners, at the RSA Conference USA 2022 in San Francisco, the world’s largest cybersecurity conference. Our special coverage featured some of the most innovative cybersecurity companies exhibiting their wares — including Talon Cyber Security, CybSafe, SecurityScorecard, Pentera, Beyond Identity, and others.
Cybersecurity high-flier answers with invisible multi-factor authentication
Ask Thomas Jermoluk what the biggest problem with today’s security is, and he’s unlikely to even pause for a breath before answering. “Passwords,” he told Cybercrime Magazine. “Over 85 percent of the issues today with account takeover, ransomware, and supply chain attacks all emanate from this single problem. Passwords are a fundamentally insecure, shared secret mechanism that has been a plague on our industry for 30 years now — and it’s getting worse and worse with the hybrid workforce and remote workforce that has gone on due to COVID.”
Fledgling company brings quantum-safe encryption to the cloud
At some point in the not-too-distant future, the arrival of the so-called “Q-Day” will see quantum computers able to crack the encryption algorithms used to store the world’s most sensitive data — and years of encryption algorithms will suddenly become obsolete. David Williams is confident that he’s cracked the problem. The UK-based firm he founded, Arqit, worked to find a solution by developing a new way of generating and using cryptography keys so that public key infrastructure (PKI) systems could be designed to resist brute-force attacks by future quantum computers.
A chance meeting at RSA Conference led to backing from Evolution Equity Partners
No matter how much talent they have — or how good their technology is — startups inevitably face a common challenge as they push hard to scale their business to the size and capability that their target market requires. The founders of fintech startup TrueFort, who tapped years of financial-services experience to build a zero-trust security platform, faced this challenge several years into their journey. Despite “tremendous” growth, it quickly became clear that continuing the company’s success story would require the support of investors that understood the company’s technology and appreciated its future potential.
Fledgling automated pen-testing company has nearly 500 customers
After years running penetration testing within the Israeli Army, Arik Liberzon came to realize something that would eventually see him founding a company that became Israel’s latest cybersecurity unicorn. Pen-testing and red-teaming, Liberzon and co-founder Arik Faingold found, were treated as black arts, and poorly understood by the Army leaders — when in fact much of what was being done was routine, repetitive and well-defined. That meant it was ripe for automation — and in 2015, they founded Tel Aviv-based Pcysys, which spawned a rapidly-growing business in automated security validation and was renamed Pentera.
Founder credits VC expertise as financial analytics firm nears unicorn status
In a market where enthusiastic investors are pumping massive amounts of funding into cutting-edge startups and scaleups, just getting that funding is only a small part of the challenge; even harder, said Vishal Marria, is getting the right expertise to spend it as effectively as possible. That might seem counterintuitive for CEOs that are used to talking up their business ambitions to outshine rivals in the fight to win over venture capitalists. But when it comes down to it, explains Marria — CEO of London, UK-based data-analytics star Quantexa — the biggest business value will come from the expertise and connections that come along with that money.
Fast growing startup protects highly confidential data in the cloud
Building highly specialized security technologies can be a way to stand out in a crowded market, but Cape Privacy CEO Chè Wijesinghe knows that building the brain trust to deliver and scale innovative technology can be extremely expensive. For companies like Cape Privacy — whose core business is built around the use of machine learning to analyze encrypted customer or other data — having the financial backing of strong investor partners made all the difference. “Early stage investors look for a great team or a great product idea — and ultimately, execution becomes everything.”
Evolution Equity invests much more than money into SecurityScorecard
It may be a billion-dollar unicorn and VC darling now, but in its early days back in 2013, co-founder and CEO Aleksandr Yampolskiy recalls, SecurityScorecard’s founders were having trouble finding venture capitalists who believed enough in the idea to back it with money. “When we started talking to investors back in 2013, people just didn’t understand the power of what it could become,” he told Cybercrime Magazine. “One investor said we would never be able to build it. Another rejected me because it wasn’t as interesting as a consumer iPhone app he had invested in.”
About Evolution Equity
Evolution Equity Partners is an international venture capital investor partnering with exceptional entrepreneurs to develop market-leading cyber-security and enterprise software companies.
Based in New York City and Zurich, Switzerland, the firm is managed by investment and technology entrepreneurs who have built companies around the world and leverage their operating, technical and product development expertise to help entrepreneurs win.
Evolution has interest in companies utilizing big-data, machine learning, artificial intelligence, SaaS, mobile and the convergence of consumer and enterprise software to build leading information technology companies.