FULTON, Md., March 21, 2018 /PRNewswire/ -- DataTribe --a cybersecurity and data science startup studio that invests in next generational companies in commercial software with nation-state experienced teams from the intelligence community and research labs-- announced today that its portfolio company ReFirm Labs is one of ten finalists in the prestigious RSA Conference Innovation Sandbox Contest.
This is the second consecutive year that a DataTribe incubated and funded company is a finalist.
Enveil -- another DataTribe-backed company – was named a RSA Sandbox finalist in 2017. At the SandBox competition held at the conference, EnVeil captured second place out of 10 finalists.
The top RSA Sandbox winners will be announced in April 16, 2018 at the conference. The world's top cyber security startups compete in the competition annually.
In the past five years, the top 10 finalists have received more than $1.1 billion in investments in aggregate, according to the RSA Conference. In addition to attracting new funding, most have also won new customers and delivered new products.
About ReFirm Labs: Named Cybersecurity Startup of 2018 by Info Security
ReFirm Labs uses proprietary technology to detect security vulnerabilities in the firmware that runs billions of Internet of Things (IoT) devices, consumer electronics and other connected enterprise machines. The company was just named cybersecurity startup of the year by Info Security Products Guide.
ReFirm Labs' Centrifuge Platform aims to close the firmware security gap exploited by hackers to gain control of or disable IoT devices such as digital cameras, home appliances, routers, servers, printers and other connected machines. These devices can be remotely taken over, destroyed or hijacked for Botnet attacks that effectively shut down or slow major web services such as Twitter, Spotify, Netflix, and PayPal. Distributed denial of service (DDoS) attacks use infected devices to bombard websites and have cost some organizations as much as $22,000 a minute in lost business and remediation costs.
ReFirm Labs received $1.5 million in initial funding from DataTribe last November. It has been featured in Fortune Magazine, Washington Post and Fox News for its Firmware Vulnerability report that highlighted major, recently discovered security flaws in four popular consumer and enterprise cameras and routers.
About Enveil: Named Excellence Award Winner In 2018 By SC Media
Enveil is the only scalable, commercial solution specifically engineered to protect data while it is being processed, enabling enterprises to securely operate unencrypted, as well as encrypted data. In late 2017, Enveil raised an additional $4 million from Thomson Reuters and a USAA affiliate, as well as an additional investment from Bloomberg Data and DataTribe. In 2018, Enveil was given an Excellence Award Winner for SC Media.
About DataTribe: Renowned Cybersecurity Startup Studio
DataTribe is a cybersecurity and data science startup studio. DataTribe invests in next generational leaps in commercial software with nation-state experienced teams from the intelligence community and research labs. DataTribe commits up to $2M in startup capital, and up to $6.5M towards the Series A. DataTribe moves startups into their MD facility and provides up to $1M of in-kind business services, embedded team members and co-builds alongside the startup. DataTribe draws technology and entrepreneurs from the world's most prestigious, and high-stakes technology environments, the Intelligence Community and National Labs from U.S, Canada, UK and Australia. The studio has funded four companies to date: Enveil, Refirm Labs, Kesala and Drago. Dragos, has recently received prominent recognition for CRASHOVERRIDE and TRISIS discoveries and analysis in industrial cyber security. Founded in 2015, DataTribe is headquartered in Fulton, MD, with offices in San Francisco, CA. For more information, visit https://datatribe.com.
Contact: Jennifer Jones, 650-465-5831, jennifer@jenniferjones.com
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SOURCE DataTribe
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