Enterprise News Part 1, the Market Stuff – ESW #303
This is the first in our 2 segment Enterprise News special! Stay tuned for segment 2!
Hosts
- 1. FUNDING: SpiderOak raises $16.4 million in Series C funding round – SpaceNews
Once thought of as the "security-minded" Dropbox and Google Drive competitor, SpiderOak has now fully rebranded itself as "Space Cyber Security Solutions for Hybrid Space". This is no window dressing, either - the company is optimizing its software for space missions. It no longer has customers, it has "mission partners". The company has a Senior VP of Space and a Space Advisory Board.
For its existing, more "down to Earth" customers, the company directs you to its legacy One Backup product over at the https://crossclave.com/one/ website. Ultimately, it seems like sales, marketing, and the ICP have changed more than the product itself (aside from some new software certification goals, of course).
- 2. FUNDING: Hypori, Inc. Secures Series B to Redefine Zero-Trust BYOD — Hypori
An "initial" $10M Series B investment led by Hale Capital Partners, SpiderOak isn't the only vendor to reinvent itself! This seems like more of a marketing rebrand though. Hypori makes mobile device virtualization software. Originally pitched as a way to keep work and personal data separate on one device (Virtual Mobile Infrastructure), the terminology has changed with the trends (Zero Trust BYOD), though the general technology appears to be the same as it was in 2015.
Mobile operating systems run as cloud workloads and are streamed to mobile devices, usable as if they were locally installed.
- 3. ACQUISITIONS: Thoma Bravo expands cybersecurity reach with $1.34 bln Magnet Forensics deal
- 4. ACQUISITIONS: Reimagining the future of trust with Trustpage by Vanta
- 5. ACQUISITIONS: Bitwarden extends passwordless leadership with acquisition
- 6. LAYOFFS: Forescout fires 60% of Israeli R&D staff
- 7. LAYOFFS: Citrix and HashiCorp employees laid off
- 8. NEW COMPANIES: Boulder cybersecurity startup looks to add 491 workers
LogRhythm's founders have a new company named RADCL Defense. Though the company states its purpose as focusing on defense against nation state attacks, it has chosen to help SMBs protect themselves, which seem like the least likely group needing help defending against state actors.
- 9. NEW PRODUCTS: Perception Point launches Advanced Threat Protection for Zendesk
- 10. ESSAYS: Why to Start a Startup in a Bad Economy by Paul Graham
Everything old is new again, including Paul Graham's wisdom
- 11. ESSAYS: Why there are so many cybersecurity vendors, what it leads to and where do we go from here, by Ross Haleliuk
- 12. ESSAYS: Money Stuff: Private Markets Don’t Like to Go Down, by Matt Levine
- 13. TRENDS: Buyers Call Bluff On Unicorn Valuations: Spread Between Asking Prices And Bids Widens On Secondary Markets
- 14. TRENDS: China wants 30 percent CAGR for its infosec industry
Sounds challenging, though I imagine the Chinese government is going to lend a lot of help to ensure it happens...
- 15. TRENDS?: Our cloud spend in 2022
Is anyone else moving out of the cloud and back into datacenter/colo, or is it just 37Signals/Basecamp?
I'll be REALLY interested to see the one year update from this move. Basecamp's email product, HEY, was born in the cloud and has always been cloud. It almost had to be, as they had no idea how much attention it would get at launch (it was a LOT more than they expected). But now that things have settled down, they're thinking the cloud is unreasonably expensive for running a service like this. Will there be a private datacenter/colo renaissance? Time will tell.
- 16. CYBERINSURANCE: Cyber Insurance Themes to Look Out for in 2023
- 17. SQUIRREL: Panicked Google to unveil over 20 AI products, including a Pixel wallpaper maker
Wait, AI is big now? We've got TONS of AI here at Google! [blows dust off crates]
