Click here to close now.

Welcome!

Open Source Cloud Authors: Liz McMillan, Elizabeth White, Lori MacVittie, Pat Romanski, Baruch Sadogursky

News Feed Item

Emerging Threats Completes Over $1M Seed Round

Investment from Elevate Ventures, HALO Capital Group, and Co-investor Lawrence Ventures Enable Emerging Threats to Continue Resource and Product Expansion

LAFAYETTE, Ind., Jan. 22, 2013 /PRNewswire/ -- Emerging Threats, a world-leading provider of open source and commercial threat and malware intelligence, today announced it has completed its initial round of over $1M of funding from Elevate Ventures, HALO Capital Group, (an angel investor network managed by technology growth initiative TechPoint), and Lawrence Ventures. This round of seed funding will be used to expand Emerging Threats' malware intelligence product lines and increase staff in development, product management, and sales to meet the increasing market demand of Emerging Threats solutions.

(Logo:  http://photos.prnewswire.com/prnh/20130122/DE45641LOGO )

Elevate Ventures is a venture development organization that provides capital and entrepreneurial assistance services to connect high-potential, high-growth companies with the resources they need to succeed long-term.

HALO (Hoosier Angels Looking for Opportunities) is a group of successful Indiana entrepreneurs seeking to invest in up-and-coming companies, offering capital (typically within the range of $250,000 to $2 million) and management expertise to high-potential start-ups.  HALO has invested nearly $20 Million in Indiana companies.

Lawrence Ventures invests in early-stage companies and provides business and strategic advisory services to companies pursuing mergers and acquisitions, sale transactions and venture capital.

Emerging Threats continues to gain momentum in the marketplace by licensing its ETPro™ Ruleset and IQRisk™ Suite of threat and malware intelligence solutions. In 2012, Emerging Threats has secured major customers while exponentially increasing revenue over the previous year. The continued rise in global malicious threats, malware, and malware variants has increased year over year with a staggering amount of billions of these threats annually. These attacks are no longer limited to large organizations. With over 50% of the attacks breaching SMEs and smaller business, the demand for malware prevention and threat intelligence has skyrocketed.

"It's exciting to partner with investors that understand our vision and share our passion for what we do; we are pleased to have Elevate Ventures, HALO Capital Group, and Lawrence Ventures contribute to our seed funding," said Ken Gramley, CEO of Emerging Threats. "Our Investors identified Emerging Threats as a company with amazing potential in the fast growing network security market, which includes threat and malware intelligence. The company has grown significantly every quarter in 2012, and this seed round will allow us to keep the momentum going throughout 2013."

"Elevate Ventures is committed to helping emerging, high-potential businesses like Emerging Threats become successful," said Stephen Hourigan, CEO of Elevate Ventures. "Emerging Threats continues to gain market share in the malware and threat intelligence space because of its solid products and impeccable reputation in the industry, and we are excited to see the progress they have made in the past year."

"We are excited to help innovative companies like Emerging Threats continue their path to success," said Bill Godfrey, a HALO Capital Group investor and member of Emerging Threats board of directors. "The increase in malicious threats and Emerging Threats' reputation and best-of-breed solutions make them an ideal company to be part of HALO's investment portfolio. We look forward to working with Ken and his team to help them scale revenues and achieve their goals."

About Emerging Threats

Emerging Threats is a world-leading provider of open source and commercial threat and malware intelligence. Founded in 2003 as a cyber security research community, Emerging Threats has become the de facto standard in network-based malware threat detection. The company's ETOpen Ruleset, ETPro™ Ruleset, and IQRisk™ suite of threat intelligence are platform agnostic for easy integration with Suricata, SNORT®, and other network intrusion protection and detection systems. With ETPro Ruleset, organizations can achieve the highest standards of malicious threat detection with world-class support and research for extended vulnerability coverage. ETPro Ruleset is ideal for enterprises, government agencies, financial institutions, SMBs, higher education, and service providers. For more information, please visit http://www.emergingthreats.net.

About Elevate Ventures

Elevate Ventures is a non-profit, venture development organization focused on developing emerging and existing high-potential businesses and transforming them into high-performing, Indiana-based companies. The Elevate team provides professional advisory services to entrepreneurs and early-stage companies interested in significant growth, while also connecting them with other resources throughout the state.

One of the most active investors in the State of Indiana, Elevate Ventures currently manages Indiana Angel Network Fund, Indiana 21st Century Research & Technology Fund, a fund of funds, and other entrepreneurship initiatives. For more information about Elevate Ventures, Inc. and its programs, visit www.elevateventures.com.

About TechPoint

TechPoint is Indiana's only statewide technology initiative, representing industry stakeholders including publicly-traded companies, private businesses, colleges and research universities, and local economic development organizations. The group's mission is to accelerate Indiana's emerging and vibrant information technology sector by: promoting the successes of information technology companies and professionals; supporting the formation, expansion, and attraction of IT companies; and advocating appropriate public policy. TechPoint is an initiative of the Central Indiana Corporate Partnership. Visit www.techpoint.org.

© 2012 Emerging Threats Pro, LLC. All rights reserved.  All other names and marks are property of their respective owners. ETPro™, IQRisk™, and the ET design are trademarks of Emerging Threats Pro, LLC.

SNORT® is a registered trademark of Sourcefire, Inc.

Global Corporate Contact:
Byron Rashed
Emerging Threats Pro, LLC
+1 866 504 2523, x-112
[email protected]

SOURCE Emerging Threats

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a business application to multiple users (multi-tenancy). Docker, a container technology, was used to ...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue of profound change in the industry.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
Container frameworks, such as Docker, provide a variety of benefits, including density of deployment across infrastructure, convenience for application developers to push updates with low operational hand-holding, and a fairly well-defined deployment workflow that can be orchestrated. Container frameworks also enable a DevOps approach to application development by cleanly separating concerns between operations and development teams. But running multi-container, multi-server apps with containers is very hard. You have to learn five new and different technologies and best practices (libswarm, sy...
SYS-CON Events announced today that DragonGlass, an enterprise search platform, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. After eleven years of designing and building custom applications, OpenCrowd has launched DragonGlass, a cloud-based platform that enables the development of search-based applications. These are a new breed of applications that utilize a search index as their backbone for data retrieval. They can easily adapt to new data sets and provide access to both structured and unstruc...
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehe...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...