CISA | August 19, 2022
IronNet, Inc. (NYSE: IRNT), an innovative leader Transforming Cybersecurity Through Collective DefenseSM and member of the Joint Cyber Defense Collaborative (JCDC), today announced it has entered into an agreement with the Cybersecurity and Infrastructure Security Agency (CISA) to share information from IronNet’s Collective DefenseSM platform to help the agency defend against increased global cyber threats.
“IronNet is proud to collaborate with CISA to strengthen our nation’s cyber defense by deploying our market-leading Collective Defense platform that uses real-time attack intelligence to defend against global cyber attacks, IronNet anonymizes this threat-related information to exchange with CISA delivering true Collective Defense while also fostering enhanced public-private situational awareness and analytic collaboration.”
-General (Ret.) Keith Alexander, Co-CEO and Founder of IronNet.
With an increase of state-sponsored bad actors targeting various industries, it is more important than ever before that IronNet’s partnership with CISA help establish a collective and coordinated defense against global cyberattacks. By sharing cyber data and information, CISA can better respond against threats looking to disrupt our “digital” way of life.
The IronNet Collective Defense platform identifies anomalous behaviors that often go undetected by alternative solutions and then uniquely delivers actionable attack intelligence to all the other participants in the IronNet community. Our differentiated platform serves as an early warning system for all participating companies and organizations, strengthening network security through correlated alerts, automated triage, and extended hunt support.
About IronNet, Inc:
Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today.
About the JCDC:
CISA established the JCDC in August 2021 to unify and lead integrated public-private sector cyber defense. This diverse team proactively gathers, analyzes, and shares actionable cyber risk information to enable synchronized, holistic cybersecurity planning, cyber defense, and response.
As the nation’s cyber defense agency, the Cybersecurity and Infrastructure Security Agency (CISA) leads the national effort to understand, manage, and reduce risk to the digital and physical infrastructure Americans rely on every hour of every day.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS
Bidscale | August 17, 2022
Bidscale is announcing the public launch and refresh of their flagship software, Bidscale Select.
Federal contracting is the backbone of America. From combat helicopters to scientific research, contracts underpin the operational effectiveness of our country. Contracting is big business, with $680B spent annually. Quick and smart government procurement leads to a stronger and more prosperous America.
The current process is burdened by a lack of digitization resulting in a five-to-seven-year timetable from contract conceptualization to award. This stifles the Government's ability to obtain the latest and greatest innovation. For example, if it takes five years to buy a three-year-old combat system, by the time it is purchased and implemented, the technology would be at least eight years old.
Bidscale has proven that the slowdown comes from a lack of tools necessary for Contracting Officers. These officers need to advance away from the usage of pens, highlighters, and post-it notes and move into the digital realm where collaboration, communication, and effective workflow tracking occur all in one place.
Addressing this situation has garnered bipartisan support, illuminated by the AGILE Procurement Act, a reformation that enhances agile technology acquisition across the Federal Government. Bidscale is addressing the situation too, saving time by digitizing the source selection process. Through a secure environment, Bidscale supports the full lifecycle of source selection activities including proposal submission, evaluation, consensus, reporting, and artifact generation.
It can take weeks for a Contracting Officer to compile and export source selection artifacts, but Bidscale does it in under ten seconds, and that is just one of the many features.
"I'm very proud to have seen Bidscale already successfully implemented during several major Federal Government source selection processes, this company is committed to developing even more tools to continuously improve and digitize this contracting process. I believe Bidscale is a Govtech company to watch."
-Tony Kwag, founder of Bidscale.
Bidscale was made for Contracting Officers by Contracting Officers, so it addresses the most pressing needs through the following product modules:
Evaluation – Allows users to virtually conduct proposal evaluations with supporting data on a single screen.
Contracting Artifacts – Allows users to manage contracting artifacts and auto-generate comprehensive reports.
Consensus – Users can run consolidated reviews to ensure quality control and adherence to source selection requirements.
Contracting Workflow – A progress tracker where users can centrally manage and report on the source selection process by managing progress, schedule, risk, submissions, and reporting. This feature is especially useful when team members are not in the same room.
Ultimately, Bidscale creates a source selection process that is repeatable, traceable, defendable, and scalable.
Founded in Arlington, Virginia, Bidscale is a software solution that is mission-focused on accelerating innovation across the Federal Government. Bidscale is a Small Disadvantaged Business pending 8(a) certification and has achieved SOC 2 compliance.
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.