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.
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.
Nearmap | July 01, 2022
Federal government agencies in the U.S. announced streamlining access to powerful geospatial intelligence and location data services from an approved contractor on the U.S. General Services Administration (GSA) Schedule, Nearmap, which is an Australian location data and aerial imagery technology company that provides high-resolution and frequently-updated aerial images.
Since Nearmap on the GSA schedule offers streamlined access to scalable and accurate aerial mapping tools, location data, and imagery of over 80% of the U.S. population, the inclusion of GSA is of great importance to federal government agencies. It enables government entities to save money and time by avoiding using pre-established and standardized pricing, terms, and conditions to acquire high-quality goods and services and by avoiding long contractual terms.
Federal civil asset management, homeland security, environmental studies, infrastructure management, military asset management, and FEMA resilience response and recovery missions are the industries that benefit from Nearmap's robust location data intelligence and aerial imaging. Nearmap has gained huge popularity across government sectors, getting its hands on numerous government contracts in the U.S. including the United States Army Corps of Engineers and the Army National Guard. The reach and access of Nearmap on the GSA will only extend with its inclusion across these sectors.
Government agencies are hungry for the level of detail and sophistication that Nearmap location intelligence and data can add to their workflows. The addition of Nearmap to the GSA Schedule will streamline access for these agencies that rely on the most up-to-date location data to support the many critical services that government agencies provide—allowing them to make better informed decisions for their constituents… faster."
Tony Agresta,Executive Vice President and General Manager of North America at Nearmap
Guidehouse | June 27, 2022
Guidehouse, a leading global provider of consulting services to public sector and commercial clients, and technology solutions provider TechSur Solutions are pleased to announce a strategic Joint Venture (JV) and Mentor-Protégé Agreement (MPA) under the U.S. Small Business Administration (SBA) Mentor-Protégé Program (MPP) through Guidehouse's acquisition of Dovel Technologies, LLC and its JV with TechSur, 1DTS. 1DTS successfully integrates the expertise of the two firms that specialize in digital transformation, bringing cloud-native applications, solutions, and analytics to government organizations.
Guidehouse and TechSur have combined decades of experience providing innovative solutions across the federal government to include U.S. Department of Homeland Security. 1DTS is the culmination of that collective experience. As an 8(a) and EDWOSB, 1DTS can take organizations to the next levels of maturity through focused and impactful digital transformation strategies improving the mission of our customers.
TechSur offers proven core competencies in mechanizing and automating the process of IT modernization while Guidehouse brings commensurate expertise in digital transformation and IT consulting. We look forward to significant collaboration through this joint venture to deliver innovative solutions for our Federal clients and team to address today's complex challenges for a more resilient tomorrow."
Scott McIntyre,Guidehouse CEO
Under the MPA, Guidehouse provides mentorship to TechSur as they seek opportunities in the Federal space for digital transformation, cloud native applications, legacy modernization, enterprise DevSecOps, data analytics, and adaptive artificial intelligence for mutual clients.
"This partnership strengthens and highlights the technical savvy and expertise of both organizations," said Amit Yadav, Chief Technology Officer of TechSur Solutions. "Guidehouse is a powerhouse and increases our resources exponentially. We are very excited about this JV and the potential for delivering high-quality, timely, and customer-focused IT services while helping our clients solve their complex technical challenges."
Guidehouse brings strength in the design and implementation of modernized enterprise architecture, systems integration, and agile-based software development, operations, and maintenance. TechSur Solutions is passionate about crafting aggressive and intentional technical solutions, all while remembering that at the end of the day, human beings have to want to use the technology.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies.
About TechSur Solutions
TechSur Solutions is a premier IT consulting services small business with a philosophy and a focus on invention. Their rich service portfolio offers Federal Agencies and commercial clients Digital Transformation and Modernization services. TechSur is an 8(a) certified Economically Disadvantaged Women-Owned Small Business (EDWOSB) built on the belief that government deserves better engagement and a terrific user experience.