CYBERSECURITY
Xage Security | July 15, 2022
Xage, the zero trust cybersecurity company, today announced investment from Chevron Technology Ventures to further accelerate the use of zero trust in protecting energy and other critical infrastructure from cyber threats. The additional capital extends Xage’s series B venture capital financing for a second time in the last two months, bringing Xage’s total financing to-date to $62M.
“Xage’s zero trust security has the potential to expand corporate security standards to environments that increasingly are connected to one another. The technology can provide critical support to cybersecurity and digital transformation needs, This is the latest investment from our Core Energy Fund 7, which focuses on operational enhancement, digitalization and lower carbon technologies.”
-Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron.
Xage’s Fabric is specifically designed to bring a zero trust security model to complex environments without requiring an equipment overhaul. The Fabric overlays every machine, app, and data point within an operation to impose granular control over all digital interactions. In addition to the company's Identity & Access Management (IAM), Zero Trust Remote Access, and Dynamic Data Security solutions, Xage recently released a novel multi-layer, multi-factor authentication (MFA) capability designed specifically for real-world operations to block MFA hacks caused by “MFA bombing” and human error.
“With Chevron participating in our series B, we’re able to accelerate our impact on energy companies and other critical infrastructure organizations to prevent hacks while building efficiencies and enhancing collaboration, We recently found that 88% of industrial cybersecurity leaders are taking steps to adopt zero trust, and 55% are reporting that zero trust is accelerating digital transformation. It’s our job to make sure these efforts are expedited, and expanded support from investors with deep knowledge of the energy sector will help us achieve that.”
-Duncan Greatwood, CEO of Xage.
Chevron Technology Ventures joins a growing number of energy sector investors backing Xage. The venture arm of Saudi Aramco invested in Xage’s series A and B; and more recently, Piva Capital, a venture capital firm investing in technologies ushering in a new industrial era, led Xage’s series B, with SCF Partners and Overture Climate Fund joining the round in May.
About Xage-
Xage is the first and only zero trust real-world security company. The Xage Fabric accelerates and simplifies the way enterprises secure, manage and transform digital operations across OT, IT, and cloud. Xage solutions include Identity & Access Management (IAM), remote access, and dynamic data security, all powered by the Xage Fabric.
About Chevron Technology Ventures-
Chevron Technology Ventures (CTV) pursues technologies and new business solutions that have the potential to enhance the way Chevron delivers affordable, reliable, and ever-cleaner energy.
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EMERGING TECHNOLOGY,CYBERSECURITY
Inmarsat | September 17, 2022
Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced the receipt of approval of the proposed combination of their businesses by the UK Government under the National Security & Investment Act.
The Secretary of State for Business, Energy and Industrial Strategy (BEIS) has announced that the transaction does not pose a risk to the UK's national security.
In March 2022, the companies committed to economic undertakings with BEIS, which underlined their pledge to strengthen and advance the UK's National Space Strategy. The economic undertakings include an expansion in the number of highly skilled jobs in key areas and a 30% increase in overall research and development spending in the UK.
"The combination of Viasat and Inmarsat creates a leading global communications innovator with enhanced scale and scope to affordably, securely and reliably connect the world. The UK Government's clearance of Viasat's proposed acquisition of Inmarsat under the National Security and Investment Act is another important step forward on the road to closing the deal, and we would like to thank the UK Government for their close collaboration throughout the process. Viasat has been a trusted partner of the UK's defence and national security communities for more than a decade, including in the provision of its market-leading encryption products. The combined company, whose global international business headquarters will be situated in the UK, will build upon the strong UK relationships that Viasat and Inmarsat already enjoy and allow us to deepen our contribution to the UK's National Space Strategy."
-Mark Dankberg, Executive Chairman and CEO of Viasat.
Rajeev Suri, Inmarsat CEO, added: Inmarsat is proud of our decades of close work with the UK government. Today's approval brings us closer to delivering the new jobs and investment to the UK that have been committed by both Inmarsat and Viasat. Together, we will be well-positioned to compete in a robust market that has both well-funded new entrants and other industry players in the process of consolidating.
About Viasat:
Viasat is a global communications company that believes everyone and everything in the world can be connected. For over 35 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea.
About Inmarsat:
Inmarsat delivers world leading, innovative, advanced and exceptionally reliable global, mobile communications across the world – in the air, at sea and on land - that are enabling a new generation of commercial, government and mission-critical services. Inmarsat is powering the digitalisation of the maritime industry, making operations more efficient and safer than ever before. It is driving a new era of inflight passenger services for aviation, while ensuring that aircraft can fly with maximum efficiency and safety. Furthermore, Inmarsat is enabling the rapid expansion of the Internet of Things (IoT) and enabling the next wave of world-changing technologies that will underpin the connected society and help build a sustainable future. And now Inmarsat is developing the first-of-its-kind, multi-dimensional communications network of the future, ORCHESTRA. In November 2021, Inmarsat and Viasat announced the planned combination of the two companies, to create a new leader in global communications. The deal is scheduled to close in the second half of 2022.
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EMERGING TECHNOLOGY,CYBERSECURITY
Lunavi | September 08, 2022
Lunavi, a top provider of business technology consulting and managed IT services, has gained Criminal Justice Information Services (CJIS) compliance accreditation for customers in the State of Colorado across its hosted services including colocation data centers and private cloud platforms.
This independently certified compliance measure assures strict data security for law enforcement and similarly regulated government organizations whose technology services are hosted by Lunavi. After attaining accreditation in Colorado, additional certifications for clients in other states will be a simple process.
CJIS is a stringent and comprehensive cybersecurity standard. The Criminal Justice Information Services Division is the largest division of the Federal Bureau of Investigation and provides a centralized source of criminal justice data to various government agencies and authorized third parties. Any entity engaging with sensitive information from the US Justice Department is required to adhere to CJIS policies for networking, data encryption, and remote access, among other criteria.
"Achieving CJIS compliance is another example of the lengths Lunavi will go to satisfy client requirements as they change over time, In this case we had a SLED [State, Local, Education Industry] customer who was adding police and emergency response systems to a Lunavi private cloud. While we already offer strong security and compliance measures like HIPAA and SOC, we were happy to implement new audits, logging, and training to our existing access controls and incident response programs in order to meet CJIS standards."
-Bob Heskett, Director of Security and Compliance at Lunavi.
CJIS compliance is centered on the principal of least privilege or a "need-to-know, right-to-know" standard. These access controls, combined with logs, data management tools, encryption, and systems monitoring, allow Lunavi to help clients achieve CJIS compliance within their hosted information systems and prepare for a federal audit.
"Information Security continues to grow in importance as phishing, malware, ransomware, and other attacks proliferate, Government agencies are a prime target for attackers due to large quantities of personal data stored within IT systems. Lunavi is always seeking to improve our security standards, monitoring, and response methods. This CJIS compliance further cements our cybersecurity leadership and abilities."
-Cortney Thompson, CIO at Lunavi.
About Lunavi:
Lunavi, based in Cheyenne, WY, helps companies digitally transform their businesses and illuminate the path forward in IT modernization through the power of human ingenuity. Lunavi helps organizations in technology, energy, financial services, healthcare, education, government and others to develop business applications, solve traditional IT challenges, and extract ROI with comprehensive services in cloud migration, modern application development, and managed services. With locations throughout North America in Denver; Cheyenne, WY; Omaha, NE; Atlanta; Seattle, and Toronto, and its status as a Microsoft Azure Expert MSP, Lunavi delivers a remarkable customer experience to help navigate what's possible, what's next.
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