According to IBM, the average cost of a data breach is $4M. The importance of addressing vulnerabilities is critical but 53% of companies spend more time navigating the vulnerabilities rather than fixing them. RankedRight has built a triage platform that allows users to establish pre-set rules that can automate ranking the various vulnerabilities threats a company is facing, allowing them to tackle the most critical issues. The platform integrates vulnerability data and scanners from multiple sources to ensure that RankedRight can work in tandem with an organization’s existing cybersecurity infrastructure. The company’s launch plan costs £1500/mo.
London TechWatch caught up with CEO Thomas MacKenzie to learn more about the inspiration about the business, the state of the cybersecurity vulnerability market, and the company’s recent round of funding from investors that include John Yeo, former CEO at Codebashing, Armando Romeo, Founder and former CEO of eLearnSecurity, and John Griffin who was previously Head of Games, EMEA at Amazon Web Services.
Privacy and Security
Axonius Raises Another $100M and Secures Unicorn Status for its Cybersecurity Asset Management Platform
According to IBM, the average cost of a data breach is $4M but only 29% of businesses have a cybersecurity expert on their IT team. As businesses use more and more data and as employees use more devices (the average employee now uses 2.3 devices), the potential liability increases each day. Axonius’ cybersecurity asset management platform gives enterprises a full inventory of their assets and ensures that these devices are properly being secured. The platform takes a holistic approach by integrating into existing cybersecurity tools and workflows and ensuring that all devices being used (whether physical or virtual) are compliant with the company’s security protocols. Founded by former intelligence officers from the Israeli Defense Force, the platform solves the fragmentation problem found in enterprises when it comes to security. AlleyWatch caught up with CEO and Cofounder Dean Sysman to learn more about the complexities in managing sound cybersecurity policies throughout an enterprise, the company’s future plans, and latest round of funding from investors that include Stripes, Bessemer Venture Partners, OpenView, Lightspeed, and Vertex.
10 Predictions for the Tech Industry in 2021
Chris Cunningham of C2 Ventures offers some predictions for what 2021 will bring to tech, covering AR, privacy, insurtech, and much, much more…
eXate Raises £2.3M for its All-In-One Enterprise Data Management Platform
Data volumes are growing exponentially and expected to hit 175 zettabytes by 2025. For businesses managing this unprecedented growth, ensuring compliance with regulatory initiatives like GDPR and the California Consumer Privacy Act has become a challenge. eXate is the data management solution that enables enterprises to have a single application to manage data visibility and privacy across the data landscape. Companies can now readily capture the value of the data that they possess and share the data internally without getting bogged down by privacy concerns, resulting in significant value creation, cost savings, and efficiency. London TechWatch caught up with CEO and Cofounder Peter Lancos to learn more about pain point that eXate addresses, the burgeoning data privacy space, and the company’s recent funding round from investors that include Outward VC, ING Ventures, and Triple Point Ventures.
Personify XP Raises £550K to Help Brands Deliver Personalised Ecommerce Experiences without Violating Privacy Laws
95% of online shoppers browse websites anonymously and this number will only continue to grow as browsers such as Google Chrome will phase out 3rd party cookies in 2022. Personify XP is the world’s first anonymous real-time personalization platform. Personify’s AI-powered technology understands online shopper’s interests in real-time and can deliver personalised content, or product images, to consumers without sacrificing their anonymity. Personify XP has experienced a 420% YoY growth since August 2019. London TechWatch caught up with Ben Mercer to learn more about Personify XP, how its technology drives a 10% increase in revenue on average for brands that are leveraging the technology, and the company’s recent funding round from investors that include Founders Factory, Touker Suleyman, and other high-profile angels.
Sumsub Raises $6M to Provide a Robust Single Solution for Identity Verification
Sumsub’s AI-based identity verification software automates 95% of the customer onboarding process and is trusted by AML/KYC (Anti-Money Laundering/ Know Your Customer) service providers to provide a range of compliant- solutions. Sumsub has already been used by 600+ businesses with no plans to slow down as the identity verification market is expected to grow to €20B by 2022 with a variety of use cases that is ever-increasing as the pandemic drives digital transformation. London TechWatch caught up with Founder Jacob Sever to learn more about Sumsub, the technology infrastructure powering the platform, the company’s latest funding round led by MetaQuotes,and much, much more…
ComplyAdvantage Raises $50M to Prevent Financial Crimes With Machine Learning
Global money laundering is 2 – 5% of global GDP annually or $800B – $2T. Charles Delingpole built ComplyAdvantage, the dynamic global risk database of people and companies, to evaluate the risk of who you’re doing business with. Through the use of the machine-learning powered solution that integrates with existing workflows, financial institutions are able to meet regulatory compliance requirements and manage risk obligations. Delingpole walks us through the inspiration for the company, how it reduces financial crimes, and the company’s recent funding round from investors that include Ontario Teachers’ Pension Plan, Index Ventures, and Balderton Capital.
Privacy Data Guidelines For Mechatronic Innovators
For too long online users have been too willing to hand over their personal data in exchange for using mobile services (e.g., Apple, Facebook, Amazon, Google, etc.). As these companies continue to expand their footprints, untethered by regulators, into every facet of their customer’s lives there is a growing revolt.
Is China An AI Security Concern?
Recently, the Interior Department ordered the grounding of its drone fleet that was made in China or contained Chinese parts. This comes on the heels of similar actions taken by the Department of Homeland Security in May and the United States Army in 2017. While political pundits credit the ban to the Trump administration’s policy initiatives […]
Yoti Raises Another £8M for its Intuitive App for Establishing a Digital Identity
The importance of establishing a digital identity and taking ownership of your online, personal data is now a core necessity. Digital identity app Yoti taps into the power of biometrics to enable secure website logins, instead of remembering passwords. With over 4.7 million downloads, Yoti prioritizes the consumer, so individuals can share specific identity details – […]