A list of Seattle cybersecurity firms as international conflict fuels industry demand

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Cybersecurity continues to be a priority for IT professionals between Russia’s invasion of Ukraine and record breaches. Investors are pouring billions of dollars in venture capital into cybersecurity startups to help companies secure their operations.

“It is clear that the digital transformation of the cloud coupled with sophisticated attacks/malicious actors is fueling a golden age for the cybersecurity industry,” Wedbush analyst Dan Ives wrote in a note last week. .

The Seattle area is home to many cybersecurity startups that offer solutions ranging from blocking unwanted calls to real-time Security Information and Event Management (SIEM) monitoring. Scroll down to see a full list of these startups and other companies with a strong presence in the region.

The Identity Theft Resource Center reported 23% more data breaches in 2021. Crunchbase reported that cybersecurity firms around the world raised $21.8 billion in venture capital in 2021 following major breaches such as JBS Foods and SolarWinds.

These figures precede the Russian invasion of Ukraine at the end of February, which increased the potential for security incidents on critical infrastructure. The Biden administration last week reiterated the potential for cybersecurity attacks based on “evolving intelligence” before a press briefing with Anne Neuberger, deputy national security adviser for cyber and emerging technologies.

“If you haven’t already, I urge our private sector partners to immediately bolster your cyber defenses by implementing the best practices we’ve developed together over the past year,” Biden said in a statement. communicated.

The ramifications of incidents in cyberspace to affect critical infrastructure (such as the Colonial Pipeline ransomware breach in 2021) make the potential for an attack more personal and critical for individuals and businesses to bolster their online security.

Although Advanced Persistent Threats (APTs), or nation-state actors, have the most advanced tools to launch devastating attacks in cyberspace, ransomware continues to grow in prominence among criminal organizations. The rise of business models such as ransomware as a service (RaaS) allows anyone to launch attacks against victims for as little as $40 per month.

“Hundreds of millions of dollars were paid in ransoms by American companies last year against criminal activity taking place in the United States today,” Neuberger said. “Every day there should be a call to action.”

Anyone can be the victim of a major incident, including companies that apply some of the most rigorous compliance standards. Last week, Microsoft confirmed that it was hacked by the Lapsus$ group, whose members include young people from Brazil and the UK. Seven people have been arrested (including a teenager in Oxford) for hacks that also targeted big companies like Samsung and Okta.

We’ve listed Seattle-area cybersecurity startups below, along with other companies that have a significant presence in the region. We have included companies that have been acquired but still operate as a stand-alone business. Consulting firms were not included. It’s an active list, and we know there are more startups in the area. Email us at [email protected] with suggestions for adding a business.

Auth0 (acquired in 2021)

Based: 2013

Location: Bellevue, Wash.

What theyre doing: Identity authentication technology that includes services such as single sign-on, two-factor authentication, passwordless login capabilities, and the ability to detect password breaches.

CEO: Eugenio Pace, who previously led the Patterns and Practices Group at Microsoft

Related coverage: Eugenio Pace, CEO of Auth0, on the $6.5 billion deal with Okta and his advice to entrepreneurs

Cloud entity

Based: 1996

Location:Seattle

What theyre doing: Secures cloud services by streamlining authorization across platforms with Authorization as a Service.

CEO: Jason Needham, co-founder of CloudCoreo and senior director of multi-cloud security for VMware after the acquisition of CloudCoreo.

Related coverage: Seattle startup Cloudentity raises $13 million to develop identity and authorization technology

Critical overview

Based: 2012

Location:Seattle

What theyre doing: Provides real-time security and incident response solutions for enterprises with a team of Security Operations Center (SOC) analysts.

CEO: Garrett Silver, who was previously CEO in residence at Madrona Venture Labs and a member of the board of directors of Sharebuilder 401K.

Related coverage: Seattle cybersecurity startup Critical Informatics raises $9.6M, changes name to CI Security

DefenseStorm

Based: 2014

Location: Seattle (R&D center)

What theyre doing: Provides tailor-made solutions for financial institutions (such as cyberfraud and real-time detection).

CEO: Steve Soukup, who has more than 20 years of experience in sales leadership at companies such as Intuit.

Related coverage: With $6 million in fresh funds, DefenseStorm’s new CEO is ready to tackle cybersecurity

DomainTools (acquired in 2020)

Based: 2004

Location:Seattle

What theyre doing: sells a multitude of products, including a DNS and domain threat intelligence platform; a domain risk assessment tool; a phishing domain discovery tool; and an API service.

CEO: Tim Chen, a longtime technical executive who joined in 2009.

Related coverage: Battery Ventures Majority Invests in Seattle Enterprise Security Startup DomainTools

ExtraHop (acquired in 2021)

Based: 2007

Location:Seattle

What theyre doing: Cloud-based incident detection and response platform that uses machine learning to take action against security incidents.

CEO: Patrick Dennis, former CEO of Guidance Software who previously held leadership positions at Oracle and EMC.

Related coverage: ExtraHop Appoints New CEO in Planned Transition Following Private Equity Acquisition

Salvation

Based: 2016

Location:Seattle

What theyre doing: Identifies caller ID to help consumers recognize and block spam calls and vishing attempts.

CEO: Alex Algard, founder of Hiya who created the company from Whitepages, which he founded in 1996.

Related coverage: Spam smackdown: Hiya claims ‘massive step forward’ using AI against illegal phone calls

NetMotion (acquired in 2021)

Based: 2001

Location:Seattle

What theyre doing: Helps employees access resources from on-premises devices or remotely in the cloud.

Related coverage: Absolute Software to buy Seattle-based NetMotion for $340 million

OneLogin

Based: 2009

Location: Redmond, Washington (engineering center)

What theyre doing: Password manager that creates unique and complex passwords for all your accounts so that you only have to remember one master password.

Related coverage: Enterprise security startup OneLogin raises $22.5M, opens Seattle-area engineering office

Polyvers

Based: 2015

Location: Bellevue, Wash.

What theyre doing: Provides zero-trust software solutions such as polymorph on operating systems like Linux to harden machine defenses.

CEO: Alexander Gounares, who has held senior positions at AOL and other technology companies.

Related coverage: Seattle-area cybersecurity startup Polyverse raises $16 million

Strike graph

Based: 2020

Location:Seattle

What theyre doing: Provides industry standard compliance certifications such as SOC 2, HIPPA and ISO 27001.

CEO: Justin Beals, co-founder of Strike Graph with nearly 25 years of technology industry leadership experience.

Related coverage: Seattle compliance automation startup Strike Graph raises $8M to fuel growth and expand services

SpectreOps

Based: 2017

Location: Seattle (CEO based in Seattle, with other executives)

What theyre doing: Uses off-the-shelf tools to test and improve enterprise security.

CEO: David McGuire, a University of Washington alumnus who has over 20 years of experience in industry leadership and cybersecurity roles in the US Navy.

Tanium

Based: 2007

Location: Kirkland, Wash.

What theyre doing: Provides cloud-based endpoint management solutions to help businesses manage assets, customers, and threats in real time

CEO: Orion Hindawi, co-founder of Tanium with 18 years of experience at BigFix in endpoint security management.

Related coverage: Cybersecurity giant Tanium earns $150 million after relocating Seattle-area headquarters

Temperate

Based: 2014

Location: Lynnwood, Washington.

What theyre doing: Focuses on securing critical networks with a solution that protects assets by restricting access to assets based on a zero-trust principle.

CEO: Keith Beeman, chief executive of Microsoft for nearly 20 years before joining Tempered as chief financial officer and chief operating officer.

Related coverage: Led by F5 Founder, Seattle Cybersecurity Startup Tempered Networks Raises $17M

Supervisor

Based: 1996

Location:Seattle

What theyre doing: Provides a range of network and security services, such as multi-factor authentication.

CEO: Prakash Panjwani, who was previously CEO and President of SafeNet before taking up his post at WatchGuard.

Related coverage: Seattle-based WatchGuard to acquire endpoint protection provider Panda Security