Cyber-Security Startup Accelerator Gains Home, Funding in Virginia

By Wayne Rash  |  Posted 2013-09-14 Print this article Print

Gordon also announced the first five companies to be accepted into the Mach37 program:

--Cypherpath delivers services built around the company’s virtual cyber test range and virtual cloud. This test range supports training and simulations that deliver realistic experiences.

--Key Cybersecurity employs forensic techniques to look for threats and abusive behavior in enterprise environments.

--Pierce Global Threat Intelligence analyzes individual enterprise environment for threats using automated tools that measure traffic and flow data, then filters the data to create a useful picture of the threat environment.

--CyberLingua identifies zero-day threats before they cause damage using intelligence techniques to identify weak signals and pattern synthesis.

--Sikernes is a cyber analytics platform that allows organizations to analyze the effectiveness of their cyber-security expenditures using predictive analytics and big data techniques. 

The Mach37 group will leverage a partnership between CIT and Virginia Tech University to develop testing programs and to provide access to the university’s test facility.

Virginia Gov. Robert McDonnell kicked off the accelerator program at the Center for Innovative Technology here on Sept. 12. The governor had spearheaded a $2.5 million Virginia General Assembly appropriation to fund the program, which is designed to locate and help launch companies that have enterprise security products and will operate in the Commonwealth.

McDonnell said that while Virginia will benefit from the growth of companies started with the help of the accelerator, the cyber-security industry will also benefit through the new products and through the increased skill sets that go along with the new products. But he also noted that the state will be a clear winner.

“We get an amazing rate of return for such small investments,” he said. McDonnell told eWEEK that Virginia has some of the top security companies in the world due in large part to the proximity of the federal government.

McDonnell also noted the impact of federal budget cuts on the economy in Virginia. “I’m counting on you to make up for the money we lose through sequestration,” he joked. McDonnell said that the growth of a strong new cyber-security product industry has a large number of benefits to the technology industry in general. “Virginia has the highest tech employment per capita in the U.S,” he told eWEEK. “We have the second most overall, behind California.”

He said that a strong diversity in technology employment is good for the industry. He noted that the security skills in Virginia’s segment of the industry are quite different from those in other areas.

The Mach37 Cyber Accelerator formally begins its first session to evaluate startup candidates Sept. 16 at CIT’s Herndon, Va., offices.


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