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.
Pitney Bowes | June 14, 2022
Pitney Bowes Inc., a global shipping and mailing company that provides technology, logistics, and financial services, announced it has achieved U.S. Federal Risk and Authorization Management Program (FedRAMP) authorization for the SendPro 360TM solution, its next-generation sending and receiving platform. The FedRAMP authorization is testament to Pitney Bowes firm commitment to the security of data within its SendPro 360 platform and sustained dedication to its federal government clients. The U.S. Department of Veterans Affairs is the sponsoring agency for Pitney Bowes.
FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. Buyers benefit from the reassurance that cloud services adhere to a common set of security standards as authorized by the federal government.
The sending and receiving cloud platform from Pitney Bowes provides federal government clients with secure access to a suite of powerful technologies. These include inbound and outbound mailing software like PitneyShip TM and PitneyTrack TM and comprehensive analytics across the platform. The solutions are some of the very first shipping technologies listed in the FedRAMP marketplace, which simplifies and standardizes access to secure technologies for federal agencies. These FedRAMP services will be provided directly by the dedicated Pitney Bowes Federal Team based in Washington, DC.
This FedRAMP authorization demonstrates the deep levels of investment, innovation and robust security that are integral to our next-generation sending and receiving platform and services. Securing this prominent standard marks our unwavering commitment to our government clients. We are grateful for the support of the Department of Veterans Affairs, our sponsor throughout the process.”
Jason Dies, EVP and President, Sending Technology Solutions, Pitney Bowes
The authorization was achieved following a robust two-and-a-half year process during which Pitney Bowes was required to demonstrate specific standards of cloud security and commitment to government agencies for its sending and receiving software platform. The Department of Veterans Affairs, as sponsoring agency, provided counsel and guidance throughout the process. With this authorization for SendPro 360, Pitney Bowes joins an impressive list of FedRAMP authorized companies that includes IBM, Google and Microsoft.
FedRAMP was established in 2011 to provide a cost-effective, risk-based approach for the adoption and use of cloud services by the federal government. It drives agencies to embrace cloud technologies, with an emphasis on security and protection of federal information.
About Pitney Bowes
Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels.
Booz Allen | July 26, 2022
Booz Allen Hamilton (NYSE: BAH) announced today it has partnered with Acalvio Technologies to improve the nation’s cybersecurity operations with proactive defenses that will help government and commercial organizations build greater resilience in the face of an increasingly dynamic threat landscape. This partnership complements Booz Allen’s National Cyber strategy by adding cyber deception to the firm’s intelligence-grade tradecraft and full-spectrum capabilities.
Acalvio’s patented and award-winning Autonomous Deception product, ShadowPlex, the only advanced cyber deception product with FedRAMP certification, enables organizations to detect, investigate, and respond to malicious activity in information technology (IT) and operational technology (OT) environments across on-premises and cloud deployments. Together, Booz Allen and Acalvio will bring these sophisticated capabilities to government and commercial clients to combat advanced cybersecurity challenges, including advanced persistent threats (APT), ransomware, and insider threats. Key benefits of the partnership include:
Accelerated Threat Detection to Connect the Dots: With more than 5,000 cyber professionals with proven skillsets to support clients, Booz Allen cuts through the noise and connects across missions, sectors, and data silos to provide a comprehensive view of the threat landscape. Now, with Acalvio’s ShadowPlex, clients can better prioritize the endless number of alerts they receive with high-confidence alerts across identity management and cyber asset threats that are not always prevented by traditional sensor strategies. This approach reduces the attacker dwell time with early detection and increases security operations center efficiency with sophisticated investigation.
Adversarial Insights to Outpace the Competition: Backed by over 20 years of support across classified missions and commercial critical infrastructure sectors, Booz Allen uses a combination of reverse engineering, defensive technologies, predictive analytics, vulnerability assessments, proactive threat hunting, artificial intelligence (AI), and machine learning (ML) in preparation for adversaries. Now, this portfolio adds Acalvio’s patented Deception Farm architecture, a key differentiator for clients, to deploy deceptive artifacts—like fake hosts or “honeypots” —that act as tripwires to detect intruders to better understand their behaviors. Combined, these solutions allow for new and unique insights that can be quickly implemented to stop bad actors in their tracks.
Automated Deployments to Stay Ahead: Innovative solutions are only as good as their ability to rapidly integrate into the mission and quickly drive outcomes. Acalvio’s ShadowPlex automates and simplifies the configuration and deployment of deception artifacts, combining pre-defined playbooks with an AI-based recommendation system. With this partnership, Booz Allen will provide ready-to-deploy packaged solutions that automate service delivery to create scale, with lower cost, and greater mission impact.
“As cyber threats grow increasingly advanced, Booz Allen is committed to developing secure, trusted, and resilient strategies that enhance the nation’s cybersecurity posture, To outpace the adversary, it is imperative that government and commercial organizations better integrate and synchronize the way they conduct cyber offense and defense. Booz Allen’s partnership with Acalvio achieves this, using offensive insights to inform cyber defense and addressing current gaps in the marketplace. This innovative approach operationalizes insights in real time so we can evolve our solutions to keep pace with the cyber landscape.”
-Garrettson Blight, Director of National Cyber Solutions Booz Allen.
The strategic partnership adds cyber deception to Booz Allen’s multiple cyber-enabled platforms for OT, cloud security, 5G technology security, connected health, and weapons systems cybersecurity, and complements Booz Allen’s existing operational capabilities such as threat hunting, detection engineering, and zero trust.
“We are proud to partner with Booz Allen to deliver innovative and ready-to-deploy cyber deception capabilities for government and commercial clients, These offerings will empower government and commercial organizations to combat advanced cybersecurity challenges with solutions that deploy at speed and at scale in a fast-changing environment. With a combined focus on relentless innovation, this collaboration will allow clients to stay ahead of the competition and defend their most critical assets.”
-Ram Varadarajan, CEO and Co-founder of Acalvio Technologies.
With cross-sector mission understanding, battle-tested approaches, and ready-to-deploy solutions, Booz Allen is disrupting how the nation tackles cybersecurity and is taking a holistic approach to anticipate and solve the most complex cyber challenges. Learn more about Booz Allen’s vision for bolder cybersecurity strategy, operations, and solutions, and the firm’s long history of supporting U.S. government work in cyber defense and offense.
About Booz Allen Hamilton-
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.