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.
Funded in the Alley
Buoy Health Raises $37.5M to Help People Accurately Self Diagnose and Receive the Right Care
It took one rotation in the ER of a major Boston hospital for this former med student to realize that a disproportionate number of people who came to the ER based on flawed, online self-diagnosis while patients who needed to be in the hospital often stayed at home. Recognizing this troubling dynamic, Andrew Le took a sabbatical from med school to launch Buoy Health, an AI-powered digital assistant that helps patients accurately self-diagnose and access appropriate care. The company has helped over 9 million people understand their symptoms and seek relevant care options whether it’s telemedicine, primary care, behavioral health resources, etc. Boston TechWatch caught up with Cofounder and CEO Andrew Le, MD to learn more about the company, its future plans, the impressive traction during the pandemic, and recent round of funding from investors that include Cigna Ventures, Humana, Optum Ventures, WR Hambrecht + Co, and Trustbridge Partners.
NormShield Raises $7.5M for its Cyber Risk Monitoring Platform That Can Determine the Financial Impact of a Breach
Roughly 2/3 of all cybersecurity breaches are caused by third-party integrations. Yet, we continue to integrate these third-party solutions into technology stacks, hoping for the best. NormShield is a continuous security risk monitoring platform that quantifies the financial impact of a security breach. CEO Paul Paget walks us through the continuous cybersecurity risk monitoring market, the company’s future plans, and recent round of funding from investors that include Moore Strategic Ventures, Glasswing Ventures, and Data Point Capital.