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.
AlleyTalk
Albert Raises $100M to Help Manage Your Finances with a Blend of Automation and Expert Human Guidance
Goal setting is one of the most powerful processes to build your future. When it comes to your finances, adding in expert advice accelerates achieving those goals in a sustainable and measurable way. Albert is the personal financial advice platform that leverages technology and access to financial experts to address any aspect of your financial situation. At its core, the platform provides mobile banking complete with automated savings, equity investing, tracking, budgeting, and access to cash advances if necessary. LA TechWatch caught up with CEO Yinon Ravid to learn more about the gap that Albert fills in the consumer finance space, the company’s future plans, and latest round of funding from investors that include General Atlantic, CapitalG, Portag3, and QED Investors.
Pepper Raises $5.6M to Enable DTC Companies to Avoid the Most Common Growth Mistakes
While WeWork made headlines this year for its irresponsible, rapid growth, Pepper Financial has built a financial analytics company that helps digital companies grow responsibly. DTC and app-based businesses face uncertainty about speculative customer lifetime value and customer acquisition cost, but through Pepper’s platform, businesses can project these costs and allocate money where it matters, […]
TCG Buys Majority Stake in Food52 Valuing it at Over $100M
Food52, the content and commerce destination for those interested in cooking and food that has an active community of over 16M, has been acquired by TCG Capital Management, an affiliate of The Chernin Group, the media holding company founded by broadcast executive Peter Chernin in 2009. The exact terms of the transaction were not disclosed […]