San Diego’s EdgeWave Raises $6M to Counter Intense Cyber Attacks
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the bombardier/navigator seat of the Navy’s A-6 Intruder attack aircraft and served as a Navy communications security officer, also has infused a certain military bearing at EdgeWave—by highlighting the company’s improved “military-grade” security capabilities.
Maquera explains that military-grade cybersecurity uses a multi-layered defense that combines big data analytics with real-time human monitoring and analysis. EdgeWave’s technology combines the use of artificial intelligence to identify anomalous activities on customer networks, rapid-response capabilities, and the “scalability” necessary to match the scope of orchestrated cyber attacks, he said.
EdgeWave also has a 24/7 operations center to monitor customer networks and respond to threats as quickly as possible.
Last month, EdgeWave said it had recruited retired Navy Capt. Mike Walls to lead the company’s cybersecurity platform. Walls previously headed the Navy Information Operations Command in Norfolk, VA, overseeing 800 military and civilian employees who defend Navy computer networks against hacker attacks, and who provide IT training, readiness assessments, and carry out other cyber and electronic warfare operations.
EdgeWave has been steadily expanding its capabilities since 2009, when Ryan stepped in from the board to run the company, which was then known as St. Bernard Software.
At that time, St. Bernard was publicly traded on the over-the-counter market, had about 5,000 customers, and was known chiefly for its iPrism network security appliance. In 2010, the company expanded its capabilities by acquiring the spam-and-malware filtering technology, security software, and close to 2,000 customers of Red Condor, a startup near Sonoma State University in Rohnert Park, CA.
With its enhanced portfolio of “secure content management” technologies and services, the company changed its name to Edgewave in 2011. In late 2012, the company de-registered its common stock and ended its obligations for filing regular financial reports with securities regulators.
EdgeWave is now completely private and shares are no longer traded, according to a company spokeswoman. With the $6 million investment disclosed today, Maquera says TVC Capital has taken a minority stake in the company; TVC’s Jeb Spencer also has seat on EdgeWave’s board of directors.
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