Seceon
What they do: Develop automated cyber-security tools.
Problem they solve: In 2015, Seceon’s founders were personally affected by a data breach and the loss of private identity and credit card information. Being security pros, the founders soon determined that conventional perimeter and even newer behavioral cybersecurity approaches were incapable of protecting the enterprise from an inevitable attack.
Seceon argues that cybersecurity technologies deployed in today’s enterprise are built on a fundamental flaw – smart humans must use an array of complicated tools to identify a threat and then figure out how to stop it. The problem is that 95 percent of attacks exfiltrate or corrupt data within a few hours of the breach – hardly enough time for smart humans to react. Worse yet, 451 Research estimates less than 24 percent of organizations have dedicated security staff to monitor for breaches.
It’s no secret, that despite vast amounts being spent on cybersecurity solutions, data breaches are happening at an increasing rate. Attackers are more sophisticated, have automated toolkits at their disposal, and the attacks are increasing in severity.
Armed with traditional cyber-security tools, the enterprise is too slow to identify and stop cyber-threats from inflicting damage once the organization is breached. They need a cost-effective solution that detects and stops threats before data is lost.
Seceon determined that a new approach was needed to help organizations see and stop threats the moment they happen instead of hours, days, or months later.
How they solve it: Seceon’s OTM is an automated threat detection and remediation platform. This subscription-based service detects “all forms of threats as they happen, without need of human intervention, and automatically stops them in minutes.”
#Big50-2017 startup Seceon uses machine learning and behavioral analytics to automate threat detection. https://wp.me/p330ZZ-jx Share on XPowered by machine learning, and “predictive and behavioral analytics,” Seceon’s OTM is designed to provide customers with a security operations center (SOC)-in-a-Box. Automating the disjointed, time-consuming and complex tasks of threat monitoring, detection, and elimination, Seceon OTM helps IT staff address threats quickly – without disrupting critical business processes.
Seceon says that OTM can process billions of inputs and generate correlated outputs of all related threat behavior in seconds. The platform is fully automated, utilizing dynamic rule sets, and it can even automatically write rules to firewalls and switches to stop connectivity of compromised devices. It also disables compromised or malicious insider’s credentials, as well as isolating any device with exfiltrated data.
Headquarters: Westford, MA
CEO: Chandra Pandey, who previously served as GM and VP of Platform Solutions at BTI Systems. Chandra has also held senior leadership roles at Juniper Networks, Internet Photonics (acquired by Ciena), Lucent, and 3Com (acquired by HP).
Year Founded: 2015
Funding: Seceon is backed by an undisclosed amount of seed funding.
Competitors include: Both incumbents, such as Splunk and HP Arcsight, as well as such startups as Darktrace, Securonix, E8 Security, Niara, and LightCyber.
Customers include: Secure Designs, SeaChange, Iuvo, Iono, SUNY, and others.
Why they’re in the Big 50-2017: We’re bullish on automation here at Startup50, especially when it comes to cybersecurity. Seceon also has a seasoned leadership team, already has solid reference customers under its belt, did well in online voting, and absolutely crushed the content challenge (more on that in coming weeks).
In 2017, the company also secured an additional infusion of funding (amount undisclosed) from a “major Japanese partner.”
