March Capital is a venture growth firm headquartered in Santa Monica, California and investing globally since 2014. March identifies entrepreneurs with a provocative vision to companies poised, then dares to go all in by leading rounds with deep conviction and concentration risk. With $1B+ in capital over 4 funds and across 30 market technology companies, March accelerates the digital transformation of Cloud-based software, automation, AI, and IT infrastructure. Its vision is to create a technology investment platform by combining intense sector focus, patience, access to a network (including founding The Montgomery Summit), and portfolio engagement to inspire and accelerate extraordinary companies.

March Capital

City Light is a venture capital firm that invests early in impactful companies. They partner with experienced teams building category-defining solutions in the areas of education, safety and care, and the environment - where more revenue equals better lives at scale, every time. As one of the earliest and most successful impacts investing firms, City Light has a track record of identifying and scaling impact in ways that build better companies.  The firm was founded in 2004 and is based in New York, New York. Some of its key portfolio investments are 2U (Nasdaq: TWOU), ShotSpotter (Nasdaq: SSTI), Trilogy Education, and Ready Responders.

City Light Capital

InterDigital Communications, LLC designs and develops advanced digital wireless technology solutions.   The company is based in King Of Prussia, Pennsylvania. InterDigital Communications, LLC operates as a subsidiary of InterDigital, Inc.

InterDigital Communications

GE Ventures combines capital, technical, and commercial services. They invest in the healthcare and life sciences, energy and mobility, manufacturing and supply chain, enterprise productivity applications, digital infrastructure, and frontier technologies sectors.

GE Ventures

Saudi Aramco Energy Ventures is the  corporate venture capital arm of Aramco Oil Company. It's mission is to invest globally into start-up and high growth companies with technologies of strategic importance to Saudi Aramco, and to accelerate their development and deployment in Saudi Aramco’s operations. Based out of Dhahran (Saudi Arabia), SAEV also operates through regional offices in North America and Europe.  SAEV's Objectives are:  - Enhance reserve identification, management and production - Increase energy production - Improve operational efficiency - Increase value in downstream processes - Optimize energy & water consumption in Saudi Arabia SAEV's investment Focus Areas are:  - Upstream Oil & Gas - Downstream & Petrochemicals - Sustainability - Digitalization and IR4.0 - New Drivers of Hydrocarbon Demand

Saudi Aramco Energy Ventures

NexStar Partners is an early-growth venture capital firm, focused on mobile and wireless innovations. Consumers are introduced to new mobile and wireless technologies and services in generational step changes. Examples include the migration from 3G to 4G, and in the future, to 5G mobile networks; the move from the current generation of devices to the next, etc. These generational changes manifest as a result of an accumulation of multiple enabling technologies that drive the constant growth and evolution of what they call The Living Network.

NexStar Partners

Momenta is the leading Industrial Impact® venture capital firm, accelerating industrial innovators across energy, manufacturing, smart spaces, and the supply chain. For over a decade, our team of deep industry operators has helped scale industry leaders and innovators to improve critical industries, the environment, and people's quality of life. PitchBook has ranked Momenta as one of the ten best-performing venture capital firms for 2023 in its prestigious Global Manager Performance Score League Tables, and the firm is the only European-headquartered VC to secure a Top 10 spot on the list.

Momenta

Piva is a venture capital firm investing in visionary entrepreneurs and emerging technology companies that bring new software and hardware solutions to the world’s industrial and energy markets. It is investing its first $250M Fund I in disruptive energy and industrial companies across North America and Europe.

Piva Capital

Saints Capital is a merchant venture capital firm with offices located in San Francisco and London.  They are a direct secondary acquirer of venture capital and private equity investments in emerging growth companies.  Saints Capital also makes traditional direct venture capital investments on a primary basis and in special situations in technology, health care, consumer and industrial companies in the Unites States.

Saints Capital

Valor Equity Partners is an operational growth investment firm that focuses on growth companies across various stages of development. For decades, it has served its companies with the expertise to solve the challenges of growth and scale. Valor Equity partners with companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries.

Valor Equity Partners

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.  Chevron Technology Ventures (CTV) helps Chevron embrace emerging technologies to create new commercial opportunities, reduce costs and improve performance.  CTV serves as one of the company's most important technology ''scouts,'' always searching for emerging technologies that could enhance Chevron's strategies. CTV identifies, acquires, tests, validates, and, if appropriate, helps integrate those technologies into the company's core businesses. Alternatively, technologies may be studied then ''shelved'' for future consideration.

Chevron Technology Ventures

SAIC provides scientific, engineering, and systems integration and technical services and solutions in the United States. The company's business is focused on solving issues of national and global importance in the areas of defense, intelligence, homeland security, logistics, and product support, systems engineering and integration, and research and development. The company develops technical solutions and provides systems integration, products, and support services to help federal, state, local and foreign governments and private-sector customers protect the United States and allied homelands. Logistics and Product Support: The company provides logistics and product support solutions to enhance the readiness and operational capability of U.S. military personnel and weapon and support systems.  Systems Engineering and Integration: The company provides systems engineering and integration solutions to help its customers design, manage and protect complex information technology (IT) networks and infrastructure. Research and Development: The company, as a science and technology contractor to the U.S. Government, conducts research and development of new technologies with applications in areas, such as national security, intelligence and life sciences. Commercial segment Commercial segment primarily targets commercial customers worldwide in selected industry markets, which include oil and gas, utilities and life sciences. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in McLean, Virginia.

SAIC

OurCrowd is a venture investing platform that enables institutions and individuals to invest and engage in emerging companies. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global 'crowd' gains access to VC-level investment opportunities.

OurCrowd

SCF provides equity finance and strategic growth support to top energy service, equipment, and technology firms.

SCF Partners

Bossa Invest manages investment portfolios and provides asset management services to clients. It analyzes market trends to inform investment decisions. Bossa Invest serves multiple sectors, including finance, technology, and real estate.

Bossa Invest

Overture VC provides investment capital and actionable government strategies for its startups. It invests in the visionaries working toward our sustainable future. It specializes in helping early-stage climate-tech startups navigate government and regulatory complexity. The firm was founded in 2021 and is based in Los Angeles, California.

Overture VC

Leblon Capital

Xage Security

Xage is a global leader in zero trust access and protection on a mission to pioneer a secure tomorrow. Control access and prevent attacks in the cloud, in the data center, at the remote operational edge anywhere on Earth, and even in orbit with the Xage Fabric Platform. Xage is easy to manage and can be deployed in a day, giving users easy and secure access to the assets they need from anywhere, while preventing advanced adversaries and insider threats at every stage of the attack chain. Learn why organizations like the U.S. Space Force, PETRONAS, and Kinder Morgan choose Xage at xage.com.

Xage Security provides zero trust cybersecurity solutions for operational technology (OT), information technology (IT), and cloud environments. The company's main product, the Xage Fabric Platform, is a cybersecurity mesh platform that delivers identity-based access management, remote access capabilities, and zero trust data exchange functionality. The platform can be deployed as a secure overlay with a distributed architecture and enables protection of assets without requiring internet connection or installation of agents on endpoints. It maintains operational functions even in denied, disrupted, intermittent, and limited impact (DDIL) environments. The technology allows organizations to secure both modern and legacy operational assets, while providing granular control over access to individual devices such as workstations and programmable logic controllers (PLCs).

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

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 the cloud. Xage solutions include Identity &amp; Access Management (IAM), remote access, and dynamic data security, all powered by the Xage Fabric.

Ensuring the right people access the right resources at the right time

Identity & Access Management

Xage Security secures $20m funding from SAIC and other investors

Xage Security provides zero trust cybersecurity solutions for operational technology (OT), information technology (IT), and cloud environments. The company's main product, the Xage Fabric Platform, is a cybersecurity mesh platform that delivers identity-based access management, remote access capabilities, and zero trust data exchange functionality. The platform can be deployed as a secure overlay with a distributed architecture and enables protection of assets without requiring internet connection or installation of agents on endpoints. It maintains operational functions even in denied, disrupted, intermittent, and limited impact (DDIL) environments. The technology allows organizations to secure both modern and legacy operational assets, while providing granular control over access to individual devices such as workstations and programmable logic controllers (PLCs).
Key customers and partnerships
The company serves customers across energy, utilities, manufacturing, and chemicals industries. Notable clients include US Space Force, US Navy, Kinder Morgan, and Petrobras. In January 2023, Xage partnered with CyberKnight to distribute its solutions across the Middle East. In November 2023, the company formed a strategic partnership with Science Applications International Corporation (SAIC) to provide zero trust security solutions to US federal government customers. In March 2024, Xage partnered with Darktrace to integrate their technologies for enhanced threat detection and response capabilities in critical infrastructure environments.

Xage Security and Darktrace Partner to Enhance Zero Trust Protection for Commercial Critical Infrastructure Environments

Xage Announces Middle East Expansion, Bringing Zero Trust Cybersecurity to the Global Energy Hub

Xage Security and SAIC to Accelerate Zero Trust Adoption in Critical Infrastructure

Xage Security secures $1.5 million contract by US Navy to advance zero trust initiatives

Xage, Armis Offer Zero Trust Cybersecurity for Operational Technology, Sensitive Networks

Xage Security, SAIC Partner to Bring Zero Trust Platforms to Public Sector Market; Geoffrey Mattson Quoted

<div>
 
 Cato Networks provides cloud security products such as Cloud Access Security Brokers (CASBs), Secure Web Gateways (SWGs), and cloud-based firewalls to enterprises through its SASE (Secure Access Service Edge) architecture, claiming to be the first in the world to provide the service. Cato Network&rsquo;s SASE offering is provided through a network distributed across over 65 locations globally as of October 2021.
 
 
 
 
 Cato Networks was founded by Shlomo Kramer, who also co-founded the incumbent cybersecurity company Check Point Software. In 2020, the company reported over 240% year-over-year (YoY) growth in the number of bookings, making FY2020 its fourth consecutive year to exceed 200% growth. During the year, the company signed multiple Fortune 500 companies, and as of October 2021, it served more than 900 enterprises across 9,000 locations, translating to 200,000 remote workers using Cato&rsquo;s SASE offering daily. As of November 2020, the company employed 270 staff with plans to reach 400 by the end of 2021.&nbsp;
 
 
 
 
 Cato Networks&rsquo; last funding round was in November 2020, raising USD 130 million in Series E funding led by Lightspeed Venture Partners at a valuation in excess of USD 1 billion. The company expects to use the funding for product development with plans to invest in engineering, growing its team, and expanding marketing efforts.
 
 
 
</div>

Cato Networks

<div>
 
 Netskope provides cloud security solutions for enterprises that include cloud-delivered secure web gateways (SWGs), cloud access security brokers (CASB), and other solutions to manage access to cloud workloads. These solutions help companies monitor the use of cloud applications and identify suspicious behavior. Netskope&rsquo;s tools attempt to replace legacy solutions such as VPNs. The company introduced a unified solution in 2019 called &ldquo;NewEdge,&rdquo; combining its security technology offerings and providing them under secure access service edge (SASE) architecture. The rollout followed the acquisition of New Edge Labs in 2019 for an undisclosed amount, in line with its strategy of acquiring smaller startups to fuel expansion. Netskope also acquired Sift Security in 2018, which provides a machine learning-based tool to detect and respond to threats to cloud Infrastructure-as-a-Service (IaaS) applications such as Amazon Web Services (AWS) and Microsoft Azure. Netskope joined the cohort of Solista&rsquo;s Zero Trust Alliance in July 2021, to assist Australian organizations in developing a toolset and framework in assessing their zero trust readiness while detecting and remediating internal and external threats.
 
 
 NewEdge is delivered using data centers in 40 regions worldwide including North America, Europe, Latin America, Middle East, and Asia Pacific, enabling a low-latency cloud security offering. As of March 2021, the company had invested in excess of USD 100 million to build the NewEdge infrastructure. The company claimed that its tools protected more than 10% of Microsoft Office 365&rsquo;s commercial users as of the same date.
 
 
 Netskope&rsquo;s product offerings were backed by more than 100 global patents as of January 2023, and the company served more than 2,400 customers globally including more than 25 of the Fortune 100 companies. Furthermore the company has a total employee headcount of more than 2,500 in more than 40 countries.
 
 
 In April 2023 Netskope announced 
 <a href="https://sp-edge.com/updates/17658">
 the addition of a new software-defined wide area network
 </a>
 (SD-WAN) service to its platform, designed to provide enterprises with the ability to ensure secure access to their infrastructure from endpoint devices in any location. Netskope planned to offer the new SD-WAN alongside its existing SSE product to provide a unified SASE client, which it claimed was an industry first.
 
 
 In June 2023, 
 <a href="https://sp-edge.com/updates/19604">
 Netskope updated its secure service edge (SSE) platform
 </a>
 to help address data leakage risks of generative AI applications like ChatGPT. The updated platform allows organizations to track usage of generative AI applications, manage access controls, and automatically prevents leakage of sensitive information.
 
 
 Key customers and partnerships
 
 
 In July 2021, Netskope partnered with cybersecurity company, Chillisoft, to accelerate sales for cloud-based SASE protection to 1,250 resellers and integrators, including more than 100 managed service providers (MSPs) across New Zealand and the Pacific Islands.
 
 
 Netskope 
 <a href="https://sp-edge.com/updates/10845">
 acquired the IoT security startup
 </a>
 WootCloud in June 2022 integrating WootCloud&rsquo;s HyperContext Security platform with its Intelligent Security Service Edge (SSE) platform to expand its SSE and Zero Trust capabilities. This was followed by the 
 <a href="https://sp-edge.com/updates/12036">
 acquisition of cloud networking vendor
 </a>
 Infiot in August 2022 to deliver an integrated single-vendor SASE platform to its customers by leveraging Infiot&rsquo;s technologies to offer a uniform security and quality of experience (QoE) policies to the Netskope Borderless WAN.
 
 
 Netskope 
 <a href="https://sp-edge.com/updates/15413">
 partnered 
 </a>
 with Stellar Cyber, a open extended detection and response (Open XDR) startup in December 2022, to provide a joint solution that incorporates rich user-centric data to improve control and visibility of risks and threats across incident investigations conducted by Security Operation Center (SOC) analysts.
 
 
 Funding and financials
 
 
 In January 2023, the company 
 <a href="https://sp-edge.com/updates/15521">
 raised USD 401 million in convertible notes
 </a>
 led by Morgan Stanley Tactical Value. The funds were utilized to accelerate platform development and expand its go-to-market strategy.
 
</div>

Netskope

<div>
 
 SentinelOne offers a range of endpoint protection solutions for enterprises. The company provides the artificial intelligence (AI)-based platform &ldquo;Singularity,&rdquo; which is a unified offering for endpoint security, including a next-generation antivirus (NGAV), endpoint detection and response tools (EDR), extended detection and response (XDR), and other tools to monitor endpoint behavior from laptops, phones, and internet-of-things (IoT) devices to identify threats. Singularity ActiveEDR incorporates Storyline Active Response (STAR) to provide automated threat detection and response and also enables end-users to write custom MITRE-compatible detection rules. SentinelOne&rsquo;s endpoint protection offering also extends to cloud endpoints and workloads, offering AI and behavior-based protection for virtual machines (VMs) and containers in the cloud. Singularity also provides features to centrally control cybersecurity policies and automate tasks for response and remediation. In addition to endpoint security, SentinelOne offers managed detection and response services, which support organizations with technology and human resources for threat hunting, response, and incident investigation.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17965">
 SentinelOne launched a generative AI platform
 </a>
 for threat detection, allowing security teams to run threat detection and automated remediation operations using natural language instead of code based commands.
 
 
 In November 2023 the company 
 <a href="https://sp-edge.com/updates/23867">
 launched
 </a>
 a new, unified version of its Singularity platform, Singularity Unity, with upgraded cloud and endpoint security and data lake capabilities, as well as a GenAI cybersecurity assistant. Unity incorporated SentinelOne&rsquo;s &ldquo;PurpleAI&rdquo; models to simplify investigations, governance, and compliance and improving metrics such as mean time to detect/resolve (MTTD/MTTR).
 
 
 SentinelOne acquired cloud data-logging startup Scalyr in February 2021 for USD 155 million to bolster its own XDR capabilities. SentinelOne also entered into an agreement to acquire the identity threat detection and response (ITDR) startup 
 <a href="https://sp-edge.com/updates/9176">
 Attivo Networks 
 </a>
 for USD 616.5 million in March 2022, and expects to integrate Attivo Networks&rsquo; capabilities into its Singularity XDR solution to provide autonomous protection. This includes ITDR, identity infrastructure assessment, and identity cyber deception capabilities to protect endpoint, cloud workloads, IoT devices, mobile, and data against identity compromise, lateral movement attacks, credential theft, data cloaking, and more. This acquisition will also add to SentinelOne&rsquo;s gross margin and expand its total addressable market (TAM) by USD 4 billion in the critical identity security category.
 
 
 Key customers and partnerships
 
 
 SentinelOne partnered with cloud services and cybersecurity distributor Exclusive Networks in July 2021 to launch its platform for Australian and New Zealand MSP and MSSPs. During the same period, the company inked a partnership with ConnectWise to offer its standalone endpoint detection and response (EDR) solutions to its global partner base of technology solution providers (TSPs).
 
 
 SentinelOne has partnered with managed detection and response (MDR) 
 <a href="https://sp-edge.com/updates/4878">
 providers 
 </a>
 such as 
 <a href="https://sp-edge.com/companies/228245">
 Red Canary 
 </a>
 , deepwatch, and 
 <a href="https://sp-edge.com/companies/505475">
 BlueVoyant 
 </a>
 to 
 <a href="https://sp-edge.com/sectors/work/updates/6173">
 integrate 
 </a>
 its solution with the latter&rsquo;s MDR offerings. In addition, SentinelOne has also partnered with 
 <a href="https://sp-edge.com/companies/75116">
 Zscaler 
 </a>
 , a cloud network security 
 <a href="https://sp-edge.com/sectors/work/updates/5182">
 company 
 </a>
 , and Cloudflare, a web infrastructure and website security 
 <a href="https://sp-edge.com/updates/5182">
 company 
 </a>
 , to push its own offerings through Zscaler and SentinelOne&rsquo;s services. It also 
 <a href="https://sp-edge.com/updates/12082">
 partnered
 </a>
 with the observable data management company, Cribl in August 2022 to leverage the latter&rsquo;s observability product suite to streamline cybersecurity triage, optimize data collection, and provide security teams control of their data. During the same month, the company 
 <a href="https://sp-edge.com/updates/12235">
 partnered
 </a>
 with the IoT security startup, Armis to jointly provide three unified solutions that protect organizations across endpoints, cloud, mobile, IoT, OT devices, and more. In December 2021, Sentinel 
 <a href="https://sp-edge.com/updates/7149">
 partnered 
 </a>
 with Attivo Networks, to integrate its Singularity XDR with Attivo Networks&rsquo; Endpoint Detection Net (EDN) suite for a combined solution that prevents attackers from compromising endpoints, and to detect lateral movements to provide Active Directory protection, credential theft detection, and removal of exposed credentials. The company 
 <a href="https://sp-edge.com/updates/12331">
 partnered
 </a>
 with the cybersecurity and compliance company, Proofpoint to integrate SentinelOne Singularity XDR and Proofpoint Targeted Attack Protection (TAP) solutions and provide organizations with threat intelligence, detection, and response across emails, endpoints, cloud, and identity management. In 
 <a href="https://sp-edge.com/updates/16912">
 March 2023
 </a>
 , SentinelOne partnered with cloud network security provider Wiz to provide end-to-end cloud security solutions by leveraging each company&rsquo;s platform. With their combined capabilities, the joint solution was claimed to detect and remediate cybersecurity threats faster than stand-alone platforms.
 
 
 Funding and financials
 
 
 The company&rsquo;s last private funding round was in November 2020, where it raised USD 267 million in a Series F funding round led by Tiger Global Management, and the company expects to use the funding to support the growth of its Singularity platform.
 
 
 In June 2021, SentinelOne 
 <a href="https://sp-edge.com/updates/3850">
 commenced 
 </a>
 trading in New York Stock Exchange (NYSE) under the ticker &ldquo;S,&rdquo; raising USD 1.2 billion in its initial public offering (IPO) at an implied valuation of USD 8.9 billion. The company expected to use the proceeds for working capital, product development, capital expenditure, and administrative matters. The company also aimed to use part of the funds to acquire and invest in complementary businesses and technologies.
 
 
 SentinelOne 
 <a href="https://sp-edge.com/updates/13278">
 launched 
 </a>
 &ldquo;S Ventures&rdquo;, a USD 100 million venture fund, to invest in enterprise cybersecurity startups, in September 2022. S Ventures invested in Armorblox, an API email security platform, and Noetic Cyber, a continuous cyber asset management and controls platform. These companies joined its portfolio companies which include Torq, a no-code security automation platform, and 
 <a href="https://sp-edge.com/companies/1695999">
 Laminar 
 </a>
 , a cloud-native data security startup.
 
 
 In 
 <a href="https://sp-edge.com/updates/17067">
 FY2023
 </a>
 , the company reported a revenue of USD 422.2 million, representing a YoY growth of 106% and an adjusted gross margin of 72%. The company saw its annual recurring revenue (ARR) growing at 88% to close at USD 548.7 million and the number of customers grew around 50% YoY to exceed 10,000 in Q4 FY2023. Management guidance for revenue for FY2024 stands in the range of USD 631 million and USD 640 million.
 
</div>

SentinelOne

<div>
 
 Lacework is a cloud security company offering solutions for enterprises to protect their cloud and container workloads at scale. These include tools that employ automation and machine learning in order to enable developers to build cloud applications securely, along with tools to monitor multi-cloud environments, detect misconfigurations and threats, and identify behavioral anomalies during runtime. As of November 2021, Lacework recorded more than 3x YoY growth in revenue and a 3.5x YoY increase in the customer base, which includes the likes of LogicMonitor, Hypergiant, and Sprinklr. Lacework employed over 1,000 staff as of March 2022, five times its headcount in January 2021. The company was however forced to lay off 20% of its headcount in May 2022 in a bid to improve its liquidity position amid uncertain economic conditions.
 
 
 Lacework announced its first-ever acquisition&mdash;the cloud-native security startup Soluble, in November 2021. Soluble provides automated testing and policy management to detect and remediate cloud misconfigurations and policy violations at the source code. Lacework will integrate Soluble&rsquo;s technology into its automated cloud security platform to expand into IaC remediation capabilities, which will enable Lacework to enhance existing workflows and protect software development lifecycles&mdash;at build, runtime, and the source code level. The company also launched new developer-focused features in its platform&mdash;vulnerability scanner, admission controller, risk-based scoring, extended Berkeley Packet Filter (eBPF) support&mdash;to detect and remediate container vulnerabilities in the development process.
 
 
 Key customers and partnerships
 
 
 Lacework partnered with Google Cloud in February 2022, to launch its new patented Polygraph Data Platform in Google Cloud Marketplace to strengthen multi-cloud capabilities for joint customers, including a commitment to partner on integrations with Google Cloud Security Command Center (SCC) and jointly develop features in the future. The Lacework Polygraph Data Platform delivers automated visibility and threat detection across multi-cloud environments from build time through runtime without requiring manual oversight from security teams. Following this, Lacework also announced an undisclosed investment from Google Ventures (GV).
 
 
 Lacework partnered with Amazon Web Services (AWS) in June 2023 to incorporate its composite alerts into Amazon&rsquo;s GuardDuty threat detection service, providing AWS users with enhanced threat alerts and context for investigation.
 
 
 Funding and financials
 
 
 In November 2021, the company raised USD 1.3 billion in Series D funding at a valuation of USD 8.3 billion, co-led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management. The company will utilize the funds to fuel product development; pursue strategic acquisitions; accelerate go-to-market efforts; hire additional staff; and expand its global presence. Along with the funding round, the company also announced plans to go public via an IPO or a direct listing in the future.
 
</div>

Lacework

<div>
 
 CrowdStrike offers a collection of next-generation cybersecurity products for endpoint security, cloud security, managed services, and threat analysis and response, along with professional services and consulting.
 
 
 CrowdStrike&rsquo;s endpoint security solutions include a cloud-delivered, next-generation antivirus (NGAV) that uses machine learning, artificial intelligence, and behavioral analytics to detect threats in company endpoints, replacing traditional signature-based solutions. In addition, CrowdStrike&rsquo;s endpoint offering also includes endpoint detection and response (EDR) for comprehensive monitoring, along with features to centrally control external device use. CrowdStrike&rsquo;s protection is delivered to the endpoint through a lightweight agent, which the company claims to be easily deployable and takes up only a minor share of the endpoint&rsquo;s processing power. The agent has the ability to identify malicious behavior even when the endpoint is offline. The company&rsquo;s cloud security offering includes tools for enterprises to detect threats and identify vulnerabilities during development and runtime of cloud-native applications. In addition, CrowdStrike also offers managed services, including technologies and human resources for companies to detect threats and respond to security incidents.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17659">
 the company announced &ldquo;Falcon Insight for IoT&rdquo;
 </a>
 , an EDR and extended detection response (XDR) solution for extended internet of things (XIoT) assets, expanding the protection capabilities of Crowdstrike Falcon to operational technology.&nbsp;
 
 
 CrowdStrike launched a 
 <a href="https://sp-edge.com/updates/18980">
 generative AI assistant, &ldquo;Charlotte AI&rdquo;
 </a>
 , for its Falcon platform in late May 2023. The AI allows security teams to ask natural language questions on cybersecurity status, threats, and vulnerabilities, and surfaces actionable insights from Crowdstrike Falcon.
 
 
 CrowdStrike has undertaken various acquisitions to strengthen its product offerings. The company acquired the cloud data logging company Humio for USD 400 million in February 2021 to bring in the capabilities required to offer an extended detection and response (XDR) platform. The company acquired the data security startup 
 <a href="https://sp-edge.com/updates/6341">
 SecureCircle
 </a>
 in November 2021 to extend zero trust security to data on endpoints by integrating SecureCircle&rsquo;s technology into its Core Falcon platform. This will provide users with data usage policy enforcement and data access management based on their zero trust score and ensure that clients can detect and respond to threats at the device, user identity, and data layer. CrowdStrike acquired the Israel-based external attack surface management (EASM) startup 
 <a href="https://sp-edge.com/updates/13200">
 Reposify
 </a>
 in September 2022. Reposify scans the internet infrastructure of an organization to detect and eliminate any risks arising from exposed assets that are centralized or remote across on-premise, cloud, etc. Reposify leverages its proprietary algorithm and a large database of internet-facing assets to provide organizations with a comprehensive view of their external attack surface with a click of a button. Other acquisitions include the identity protection company Preempt Security for USD 96 million in September 2020, and malware analysis company Payload Security for an undisclosed amount in 2017.
 
 
 Key customers and partnerships
 
 
 CrowdStrike expanded its footprint in Australia in July 2021 by partnering with local cybersecurity company Solista to assist Australian organizations in developing a toolset and framework in assessing their zero trust readiness, while detecting and remediating internal and external threats. 
 
 
 CrowdStrike 
 <a href="https://sp-edge.com/updates/9177">
 partnered
 </a>
 with the cloud network security platform, 
 <a href="https://sp-edge.com/companies/1102212">
 Adaptive Shield
 </a>
 in March 2022, to launch the latter&rsquo;s zero-trust SaaS security posture management solution in CrowdStrike Store and enable security teams to identify and remediate risks stemming from misconfigurations and misappropriated privileges through device posture visibility and continuous risk assessment across the SaaS stack. 
 
 
 In April 2022, CrowdStrike 
 <a href="https://sp-edge.com/updates/9660">
 partnered
 </a>
 with Mandiant to help joint customers with breach investigation and response and defense. As part of the partnership, CrowdStrike's cloud-based Falcon threat intelligence platform was integrated with Mandiant&rsquo;s incident response (IR) and proactive cybersecurity consulting services. 
 
 
 In September 2022, CrowdStrike 
 <a href="https://sp-edge.com/updates/13203">
 partnered
 </a>
 with the pure-play cyber insurance startup 
 <a href="https://sp-edge.com/companies/604136">
 Coalition
 </a>
 , to protect 160,000 cyber insurance policyholders of Coalition against cyber attacks and help them comply with key contingencies required for a cyber insurance policy. CrowdStrike provided the policyholders with a 15-day free trial to its CrowdStrike Falcon platform alongside the option to purchase a discounted Falcon bundle. During the same period, CrowdStrike 
 <a href="https://sp-edge.com/updates/13160">
 partnered
 </a>
 with the API security startup, 
 <a href="https://sp-edge.com/companies/376753">
 Salt Security
 </a>
 , to integrate the latter&rsquo;s API discovery with its Falcon runtime protection on applications to provide a comprehensive view of an organization&rsquo;s attack surface and accelerate threat detection and response. The company also invested an undisclosed amount in Salt Security&rsquo;s Series D funding round. 
 
 
 In March 2023, CrowdStrike 
 <a href="https://sp-edge.com/updates/16868">
 formed a strategic alliance
 </a>
 with technology infrastructure and services provider Dell Technologies. Through the alliance, the companies planned on providing combined cyber defense solutions for organizations of all sizes to protect endpoints, cloud workloads, identity, and data. 
 
 
 Crowdstrike partnered with Google in April 2023 
 <a href="https://sp-edge.com/updates/17705">
 to combat phishing campaigns
 </a>
 , leveraging its AI analytics to detect malicious links and submit them to Google&rsquo;s Risk API, allowing the firm to display browser warnings.&nbsp;
 
 
 As of October 2021, CrowdStrike had 14,687 subscribers, comprising both public and private sector organizations. Key clients include companies such as Sony, Telstra, Rackspace, Sega, and ADP.
 
 
 Funding and financials
 
 
 The company went public through an initial public offering in June 2019, raising USD 610 million at a valuation of USD 6.7 billion. In a subsequent fundraise in January 2021, the company raised USD 750 million through eight-year unsecured notes. CrowdStrike also launched a USD 100 million investment vehicle&mdash;Falcon Fund II in partnership with the venture capital firm Accel in January 2022, which is 5x larger than its initial investment fund Falcon Fund, and serves as a catalyst to expand CrowdStrike&rsquo;s technology partnerships with companies that will gain access to CrowdStrike Store and can benefit from CrowdStrike&rsquo;s expertise and knowledge base.
 
 
 CrowdStrike&rsquo;s total revenue for FY2023 amounted to USD 2.24 billion and adjusted operating profit was USD 355.6 million, both up 54% and 81.2% YoY, respectively. Management guidance for revenue for FY2024 stands in the range of USD 2,955.1 million and USD 3,014.8 million, which implies an YoY growth of 31.9% to 34.6%, respectively.
 
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CrowdStrike

Companies that provide platforms and technologies to protect enterprise data and infrastructure in the cloud from internal and external threats.

Companies that provide next-generation solutions for enterprises to protect endpoint devices such as computers, mobile devices, servers, and other connected enterprise devices.

Companies that provide solutions to protect industrial internet of things (IIoT) and operational technology (OT) devices.

Companies that provide AI-based tools to monitor an organization’s entire infrastructure to identify threats, provide tools for incident investigations, and help automate remediation tasks.

Companies that support businesses with AI-based cybersecurity platforms and human resources for 24/7 threat monitoring and response.

Companies that offer solutions for the protection of enterprise APIs and web applications against external threats such as scripting, bots, denial of service attacks, skimming, Personally Identifiable Information (PII) harvesting, etc.

Companies which provide solutions for enterprises to secure their cloud-native applications and workloads, across the entire development lifecycle.

Solutions in this industry hub are offered under a B2B SaaS model

Uses generative AI that allow automated cybersecurity workflows and manages security operations using natural language

Blockchain used to deploy platforms and store and verify data for tamper-proof security

Protects IoT and connected devices from cyberattacks

Uses AI/ML and behavioral analysis to proactively detect threats and/or automate response

FortifID is a software company that puts individuals back in control of their identity and directly connects individuals to institutions. The company building a network to power secure, trusted &amp; robust consumer data for the digital world, also enabling individuals to seize control over the use of their personal data. They solve the needs ofbusinesses that use, buy or sell personal data, as well as the privacy needs of consumers for business using personal data, for business selling personal data, and for individuals. Their vision is a data solution for the digital age using blockchain and next-gen concepts from MIT. FortifID was founded in 2017 and is based in Mountain View, California, USA.

FortifID

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 Keycloak is an open-source identity and access management (IAM) solution developed by Red Hat. It provides robust user authentication, authorization, and single sign-on (SSO) capabilities, allowing users to securely access multiple applications and services with a single set of credentials. Keycloak supports industry-standard protocols such as OpenID Connect, OAuth 2.0, and SAML 2.0, ensuring interoperability and seamless integration with various applications and frameworks.
 
 
 One of Keycloak's key features is its ability to act as an identity provider (IdP), handling user authentication and attribute assertions. It can also function as a service provider (SP), relying on external IdPs for authentication and authorization. Keycloak offers a user-friendly administration console, where administrators can manage users, roles, and permissions, as well as configure authentication methods, federation settings, and authorization policies.
 
 
 Keycloak supports user federation, allowing it to integrate with existing user stores such as LDAP and Active Directory. It also enables identity brokering, empowering users to authenticate using their existing social media accounts or external identity providers. Additionally, Keycloak provides customizable login pages, password recovery mechanisms, and support for multi-factor authentication, enhancing security and user experience.
 
 
 As an open-source project, Keycloak benefits from community contributions, ensuring its continuous improvement and adaptation to evolving business needs. Organizations can leverage the extensive documentation, forums, and resources provided by the Keycloak community for support and guidance during implementation and customization.
 
 
 
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Keycloak

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 miniOrange provides Identity and Access Management (IAM) solutions offering a range of products, including Single Sign-On (SSO), Multi-Factor Authentication (MFA), and Cloud Access Security Broker (CASB). Its solutions secure access to various applications and cloud services while enabling seamless user experiences.&nbsp;
 
 
 miniOrange's technology allows organizations to implement access control policies based on factors like IP addresses, locations, devices, and time restrictions, providing granular control over data access. Additionally, its solutions integrate with platforms such as Microsoft 365, ServiceNow, Oracle EBS, and Zoom, enabling businesses to enhance security across their digital ecosystems. With a strong focus on compliance and data protection, miniOrange's IAM offerings help enterprises mitigate risks associated with unauthorized access, data breaches, and cyber threats.
 
 
 Key customers and partnerships
 
 
 miniOrange's client base spans various industries, including government entities, healthcare organizations, and enterprises across the US.&nbsp;
 
 
 miniOrange partners with companies like Oracle, Microsoft, ServiceNow, and Zoom, integrating their IAM solutions to secure access to these platforms seamlessly. Its extensive app integration library, comprising over 5,000 applications, allows organizations to optimize resources and costs while streamlining authentication and access management processes.
 
 
 
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miniOrange

One Identity provides identity security solutions focused on protecting and unifying four core elements: Identity Governance and Administration (IGA), Access Management (AM), Privileged Access Management (PAM), and Active Directory Management. The company's solutions help organizations manage identities across on-premises, cloud, and hybrid environments through a modular and integrated approach to user account management. In October 2021, One Identity acquired OneLogin, which expanded its capabilities to include Single Sign-On, multi-factor authentication, directory integration, and user provisioning. The combination allowed customers to take a comprehensive approach to identity security through a unified identity security platform.

One Identity

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 SailPoint provides identity security solutions for enterprises. Its identity governance and administration (IGA) platform, IdentityIQ, allows organizations to manage and secure access to applications, data, and cloud resources across their entire IT infrastructure. IdentityIQ automates user provisioning, access requests, access certifications, and policy enforcement, ensuring that users have the appropriate level of access based on their roles and responsibilities.
 
 
 IdentityIQ integrates with various enterprise systems, including cloud, mobile, and on-premises applications, through connectors and APIs. This integration allows for synchronized user access management across the organization's technology landscape. The platform's key components include, 1)Identity Cube, a centralized repository for user identities and access rights, 2)Policies for enforcing organizational and regulatory standards, 3)Workflows for automating identity-related processes, and 4)Tasks, scheduled or event-driven processes for executing specific activities).
 
 
 SailPoint's identity governance solution helps organizations streamline audit and compliance processes, enhance security posture, and improve operational efficiency. It offers features such as role-based access control (RBAC), separation of duties (SoD) enforcement, password management, and compliance reporting. The platform leverages AI and machine learning (ML) capabilities to automate tasks, analyze identity data, and assist in determining appropriate access levels.
 
 
 In August 2022, SailPoint was acquired by Thoma Bravo in an all-cash transaction valued at ~USD 6.9 billion. Subsequently, it was delisted from the New York Stock Exchange.
 
 
 Key customers and partnerships
 
 
 SailPoint has established partnerships with various technology companies and has a strong customer base spanning multiple industries. Some notable customers are General Electric, Vodafone, ADP, and Western Union. SailPoint has also formed a partnership with Circle Security, a decentralized threat prevention platform, to enhance the security offerings for its customers.
 
 
 SailPoint actively collaborates with industry leaders, such as Cisco and Rapid7, to expand its identity security solutions and integrate with their respective products and services. The company maintains a partner ecosystem, including managed security service providers (MSSPs) and resellers, to facilitate the deployment and adoption of its identity governance solutions across various market segments.
 
 
 
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SailPoint

Platforms that manage and control user access to systems, applications, and resources and govern the policies, processes, and controls necessary to ensure appropriate access levels, permissions, and entitlements are granted to users based on their roles, responsibilities, and organizational requirements

Platforms that manage and maintain controls, policies, and systems that govern the entire lifecycle of an employee's access to company resources, systems, and data

Platforms that provide an additional layer of security beyond traditional username and password authentication, including controls such as one-time passwords (OTP), biometric data recognition (such as fingerprint, facial recognition), hardware tokens, or push notifications to mobile devices as a means to strengthen the authentication process

Platforms that manage and secure the digital identities and access rights of customers or users across various applications, services, and resources of an organization

Platforms that focus on managing user credentials, including passwords, to ensure secure access to systems, applications, data and resources

Platforms that enable users to authenticate once and gain access to multiple systems, applications, or services without the need to provide separate credentials for each system or resource access and usage

IAM solutions enable personalization by tailoring user rights, roles, and access to services based on individual profiles

IAM solutions enhance transparency and accountability by controlling user access, monitoring activity, facilitating audits, and preventing unauthorized access, ensuring business data integrity

AI/ML in IAM help automate risk analysis, anomaly detection, and adapt access controls, improving security.

Certain customer IAM providers also offer biometric authentication solutions

This is a key demand driver for IAM solutions as companies switch to a hybrid work environment, driving the increased need to manage user identity and access to organizational resources

Companies offering IAM solutions offer their solutions under a B2B SaaS model

DISRUPTOR_PRESENT

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 <ul>
 <li>Xage, a startup focusing on zero-trust security, has raised USD 20 million in a Series B2 round from existing investors, including Piva Capital, Chevron Technology Ventures, and Xage's strategic partner, Science Applications International Corporation (SAIC). This round brings the firm's total external funding to USD 80 million.</li>
 <li>Xage will use the funding for research and development and to grow its go-to-market efforts, specifically in the Asia-Pacific region.</li>
 <li>The company reported a YoY revenue growth of 420% and a 560% increase in bookings in H1 2023 and employs ~90 staff as of November 2023.</li>
 </ul>
 
</div> 
Xage, a startup specializing in zero-trust security, has secured $20 million in a Series B2 round. The investment was obtained from existing backers, including Piva Capital, Chevron Technology Ventures, and strategic partner Science Applications International Corporation (SAIC). This funding takes Xage's total external capital to $80 million. The company plans to utilize the investment for research and development and expand its go-to-market efforts, focusing particularly on the Asia-Pacific region. Xage achieved a 420% year-on-year revenue growth and a 560% increase in bookings in H1 2023. As of November 2023, the firm employs approximately 90 individuals.

Xage Security

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