President Appears to Bless Budding Microsoft-Tiktok Deal, Continues Evolution on Possible Transaction

Microsoft | August 04, 2020

In one of the crazier news stories (and in 2020, that is saying something), President Donald Trump said today during a media availability event that in order for the U.S. government to sign off on a potential Microsoft/TikTok deal, “a very substantial portion of that price is going to have to come into the Treasury of the United States,” based on my colleague Alex Wilhelm’s rough transcript.

Spotlight

Numerous countries like China, France and Japan have declared Artificial Intelligence (AI) a key technology and announced comprehensive plans to promote research and development in AI. The German government has also begun to work on an AI strategy and just published a first blueprint with the core themes. In this paper, we argue that such a strategy needs to be broad and comprehensive, focusing on the development of an internationally-competitive AI ecosystem in Germany.

Spotlight

Numerous countries like China, France and Japan have declared Artificial Intelligence (AI) a key technology and announced comprehensive plans to promote research and development in AI. The German government has also begun to work on an AI strategy and just published a first blueprint with the core themes. In this paper, we argue that such a strategy needs to be broad and comprehensive, focusing on the development of an internationally-competitive AI ecosystem in Germany.

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EMERGING TECHNOLOGY

Sigma Defense Announces Acquisition of Sub U Systems to Deliver Enhanced C5ISR and JADC2 Capabilities

Sigma Defense | May 18, 2022

Sigma Defense Systems LLC, a portfolio company of Sagewind Capital and leading provider to the national security community, announced it has acquired Sub U Systems. Founded in 2008, Sub U Systems is a leading manufacturer of deployable tactical edge-of-network route, switch, and computing technology for commercial, government, and military use. The acquisition of Sub U Systems strengthens the Sigma Defense portfolio, expanding its existing capabilities for C5ISR, JADC2 and tactical SATCOM communications to deliver a more robust portfolio of solutions tailored to specific use cases. Together, Sigma Defense and Sub U Systems are positioned to deliver a broad range of software applications via a common hardware platform to include ISR relay, edge computing, AI/ML and analytics at the edge. Sigma Defense’s operating model, process maturity and management experience will further strengthen Sub U Systems’ product capabilities. The acquisition of Sub U aligns with our vision of autonomously connecting people, systems and data with an integrated hardware and software approach to communications. We are very excited to be able to deliver a platform that will support leading edge solutions such as artificial intelligence and machine learning and analytics at the edge delivering sense, make sense and act capabilities supporting the DoD vision for JADC2. Sub U not only accelerates our vision for the future, but their customers will recognize immediate benefits through our ability to scale and deliver more in the way of engineering resources, manufacturing output and program management.” Matt Jones, CEO of Sigma Defense “Sigma Defense is a natural fit for Sub U Systems’ tactical communications and IP networking solutions,” said Keir Tomasso, President and Founder of Sub U Systems. “Our history of innovative product design and development of customized communications solutions will bring new capabilities to the Sigma Defense portfolio. Sub U customers will benefit from the experience of the Sigma Defense management team and their ability to scale and deliver system and solutions in support of customer’s unique requirements. I am very proud of what we have accomplished and the entire Sub-team looks forward to bringing our innovative approach to Sigma Defense.” Mr. Tomasso will continue to oversee Sub-U Systems operations and develop new solutions for growth. About Sigma Defense Sigma Defense Systems LLC is a leading technology company serving the Department of Defense (DoD) providing systems and services for Intelligence Surveillance and Reconnaissance since 2006. The company’s software-focused approach to tactical communications accelerates information collection and sharing for faster decision making and better mission outcomes. Customers turn to Sigma Defense for engineering, program management, and data logistics services for technical solutions that encompass ground, air, and space-based systems and sensors and network and satellite communications. Sigma is headquartered in Perry, GA with satellite offices both CONUS and OCONUS. About Sub-U Sub U Systems (SUB-U) designs and manufactures software and hardware-based IP routers, switches, computers, integrated IP-based appliances, and Software Definable Network Appliances (SDN‑A), for the commercial, public safety, and defense markets. As NSA Commercial Solutions for Classified (CSfC) experts, SUB-U delivers secure, high-performance products that meet the most stringent environmental requirements where ruggedization, size, weight, and power are critical. SUB-U also provides a full range of specialized support services in the form of custom design engineering and communications solution engineering support services.

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CYBERSECURITY

Xage Draws Chevron Backing to Accelerate Zero Trust Adoption in Energy

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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CYBERSECURITY

Avertium Fusion MXDR for Microsoft Security

Avertium | July 21, 2022

Today, Avertium announced Fusion MXDR, a new service the security partner is providing for Microsoft Security customers. This threat-informed, managed extended detection and response (MXDR) service from Avertium includes threat intelligence, attack surface monitoring, NIST CSF framework, and vulnerability management as part of a cyber maturity program for Microsoft Defender for Endpoint and Microsoft Sentinel. "Fusing endpoint and event management technology with cyber maturity and professional services is the crux of Fusion MXDR. Companies that invest in Microsoft Security Solutions can maximize those investments by integrating new threat defense intelligence as part of the adaptable MXDR service. Companies that rely on Microsoft Security technology for primary threat defense can optimize those investments by fusing that technology with insights from new threat behavior, Comprehensive cyber maturity is achieved with an MXDR approach that gets stronger with new intelligence over time, From implementation and optimization to ongoing management and tuning, Fusion MXDR allows Microsoft Security customers to adapt, attack, and evolve with emerging threats." -Jeff Schmidt, CEO at Avertium Schmidt explains Fusion MXDR is built for Microsoft Security customers that want to replace legacy tools, consolidate point solutions, and build a cyber maturity program that is integrated with Microsoft Defender for Endpoint and Microsoft Sentinel platforms. About Avertium: Avertium is the security partner that companies turn to for end-to-end cybersecurity solutions that attack the chaos of the cybersecurity landscape with context. By fusing together human expertise and a business-first mindset with the right combination of technology and threat intelligence, Avertium delivers a more comprehensive, more programmatic approach to cybersecurity - one with cyber fusion services that drive action on the ground and influence in the boardroom. That's why over 1,200 mid-market and enterprise-level organizations across 15 industries turn to Avertium when they want to be more efficient, more effective, and more resilient when waging today's cyber war.

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