The Big One
A breakdown on the day’s biggest Inno story.
Lucy: When it comes to cybersecurity firms in Boston, some names are the ones we all know about, such as Rapid7 and Carbon Black. There’s also a number of Israeli-founded cybersecurity firms operating in Boston, including CyberArk, Cybereason and Hexadite.
In addition to the big names, there are a lot of early-stage ventures that we’re following closely. For our list of the 12 hottest cybersecurity startups in Boston, we picked the ones that made significant moves in the last 12 to 18 months.
Three companies that made the list are:
— Censio: Still in stealth mode, the company is working at the intersection of healthcare and cybersecurity, according to Keith Figlioli, a venture partner at Long River Ventures. Thanks to a recent Form D, we know that Censio has raised a $2M equity round. The company’s CEO is listed as Ed Gaudet, who was most recently a CMO at iBoss Cybersecurity and a longtime exec at Imprivata.
— Edgewise Networks: Although the company publicly announced itself in July, it can already count on an impressive collection of backers, including the CEOs of some of Massachusetts’s top cybersecurity companies. Threat Stack CEO Brian Ahern, Veracode CEO Bob Brennan, former Imprivata CEO Omar Hussein and Carbon Black CEO Patrick Morley all contributed to the company’s $7M round. Based on machine learning, the technology provided by Edgewise Networks allows only trusted applications to communicate over pre-approved network paths. “Cybersecurity is a team sport,” Edgewise Networks CEO Harry Sverdlove, former CTO of Carbon Black, said in an interview with BBJ. “We recognize that there’s not going to be one silver bullet in security.”
— PreVeil: The idea powering this startup is that simplifying encryption will result in more and more people using it. Based on this premise, the company offers an email service that allows professionals with no tech knowledge to send secure, encrypted emails. Co-founders are Randy Battat and Sanjeev Verma, who were former executives at Motorola and Apple, respectively. PreVeil CEO Randy Battat said that the company is working on an encrypted file sharing application that should be publicly available in one to two months.
Dylan: To see who else is on the list, don’t forget to take a look at Lucy’s full story. Read more: 12 Boston Cybersecurity Startups to Watch