ICE71 (Innovation Cybersecurity Ecosystem at BLOCK71), Singapore’s hub for cybersecurity entrepreneurs and startups, has introduced the nine startups graduated from its accelerator programme, ICE71 Accelerate.
These startups are focussed on the topic of the increasing cyber threats related to data security and privacy as companies accelerate their digitalisation and more people study or work from home during and after the COVID-19 pandemic.
They hail from Singapore, Australia, Israel, the UK, the US, and Poland.
Below is a snapshot of each of the nine startups
Assimi8 (Australia): Develops a solution to help SMEs recognise and handle raw threat data without relying on external specialists and in a cost-efficient manner. Its solution is the Intuitive Data Relationship Inference System (IDRIS), which uses graph technologies to provide easy-to-read visual network views for decision-makers to make sense of large complex data sets.
Chainkit (US): Originally known as PencilData, Chainkit provides a solution in form of Cyber Stealth Radar that uses military-grade tamper detection for security, forensics, and compliance to expose cyber attacks in real-time, preventing cyber attackers from hiding their tracks or dwelling within a network or system. Chainkit’s solution can mitigate insider threats, contain damage, and immediately isolate all tampered code or data.
Also Read: ICE71 announces top ten cybersecurity startups from second batch
GamaSec (Israel): Combines cybersecurity and cyber insurance, using virtual hacker technologies to identify and prevent cyberattacks via websites. Through proactive minimisation of cyber exposure and loss prevention for cyber insurance policyholders, GamaSec significantly reduces risk and helps them prevent potential cyber-attacks.
Guardara (UK): Focussing on fuzz testing, a software testing technique for discovering coding errors and security loopholes with its solution, Fuzzlabs, which helps product security teams discover such loopholes early by identifying software, operating, and network issues in a quick and integrated manner.
Kapalya (US): Launched Kapalya’s Encryption Management Platform (EMP) to address organisational needs for files and folders to be encrypted across multiple platforms, like desktops, portable devices (including laptops, smartphones and tablets), cloud storage, and servers, especially when some of these are used remotely with more people working from home during COVID-19.
Kinnami (US): Offers a solution called AmiShare, which enables organisations to manage data security by defining dynamic policies that decide who can access the data and where the data should be stored – in the cloud, data centres, or end-user devices.
neoEYED (US): Developed an Artificial Intelligence (AI) solution that helps banks, fintech applications, and e-commerce businesses secure their digital identities and accounts from unauthorised users to prevent fraud. Its solution uses AI to learn and recognise users’ behaviour, based on how they interact with the web, and mobile applications and use their devices and raises an alert if there is suspicious activity on an account.
Also Read: Meet the 10 cybersecurity startups graduating from ICE71 Accelerate programme
Olympus Sky Technologies (Poland): Provides secure communication and credential management for IoT-related hardware and virtual (concerning software and electronic images, etc.) assets. Its solution, Autonomous Key Management (AKM), enables enterprises to efficiently create and authenticate credentials for IoT applications, facilitating the adoption of these advanced technologies across industries.
Scantist (Singapore): Finds and addresses vulnerabilities in software applications and products which have been the preferred target for hackers worldwide in recent years. Scantist’s solution, Scantist Software Composition Analysis (SCA), secure apps by scanning all software codes and binaries in a single platform with high accuracy.
With the intention to provide a platform for the startups to attract investors and secure funding, the three-month programme for early-stage cybersecurity startups was first started in July 2018.
From the third batch, 16 of the startups have collectively raised US$13 million, including funding from ICE71’s founding partners Singtel Innov8 and NUS Enterprise.
To date, ICE71 Accelerate has supported a total of 34 cybersecurity startups through four cohorts.
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